ASSIGNMENT
OF
SALE AND LEASEBACK FINANCING COMMITMENT
THIS ASSIGNMENT made and entered into this 17th day of
November, 1997, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI REAL ESTATE FUND
XV LIMITED PARTNERSHIP, a Minnesota limited partnership
("Assignee");
WITNESSETH, that:
WHEREAS, on the 23rd day of September, 1997, Assignor
entered into a Sale and Leaseback Financing Commitment ("the
Commitment") for that certain property located at 0000
Xxxxxx Xxxxxx Xxxxx, Xx. Xxxxx, XX (the "Property") with
Timber Lodge Steakhouse, Inc., as Seller/Lessee; and
WHEREAS, Assignor desires to assign an undivided thirty
and seven hundred ninety-four thousandths percent (30.794%)
of its rights, title and interest in, to and under the
Commitment to Assignee as hereinafter provided;
NOW, THEREFORE, for One Dollar ($1.00) and other good
and valuable consideration, receipt of which is hereby
acknowledged, it is hereby agreed between the parties as
follows:
1. Assignor assigns all of its rights, title and
interest in, to and under the Commitment to Assignee,
to have and to hold the same unto the Assignee, its
successors and assigns;
2. Assignee hereby assumes all rights, promises,
covenants, conditions and obligations under the
Commitment to be performed by the Assignor thereunder,
and agrees to be bound for all of the obligations of
Assignor under the Commitment.
All other terms and conditions of the Commitment shall
remain unchanged and continue in full force and effect.
AEI FUND MANAGEMENT, INC.
("Assignor")
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
AEI REAL ESTATE FUND XV
LIMITED PARTNERSHIP (OAssigneeO)
BY: AEI FUND MANAGEMENT 86-A, INC..
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President