ASSIGNMENT
OF
DEVELOPMENT FINANCING AND LEASING COMMITMENT
THIS ASSIGNMENT made and entered into this 26th day of
January, 1998, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI NET LEASE INCOME
& GROWTH FUND XIX LIMITED PARTNERSHIP, a Minnesota limited
partnership ("Assignee");
WITNESSETH, that:
WHEREAS, on the 23rd day of January, 1998, Assignor
entered into a Development Financing and Leasing Commitment
("the Commitment") for that certain property located in
Chillicothe, Ohio (the OPropertyO) with Tumbleweed, LLC, as
Seller/Lessee; and
WHEREAS, Assignor desires to assign an undivided forty
percent (40.00%) 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 NET LEASE INCOME & GROWTH FUND XIX
LIMITED PARTNERSHIP ("Assignee")
BY: AEI FUND MANAGEMENT XIX, INC.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President