ASSIGNMENT AND ASSUMPTION OF LEASE
MAGNUM VIDEO 1, INC., a Nebraska corporation, ("Assignor"),
hereby assigns, transfers, conveys and sets over unto AEI INCOME &
GROWTH FUND XXII LIMITED PARTNERSHIP,, a Minnesota limited
partnership (the "Assignee"), its successors and assigns, for TEN
DOLLARS ($10.00) and other valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, all of Assignor's
right, title and interest as Landlord in and to that certain Lease
dated June 23, 1998, between Assignor and Hollywood Entertainment
Corporation for the following described property:
Lot 1, Block 2, Roosevelt Heights Addition
to the City of Minot, Xxxx County, North Dakota
(the "Lease"), including all amendments and supplements thereto,
all security deposits and all other rights, privileges and
interests, created under, arising out of or related to said Xxxxx
on and after 1999 (the "Effective Date"), as well as
all of Assignor's obligations arising thereunder on and after the
Effective Date. Assignor hereby indemnifies and agrees to defend
and hold Assignee harmless for all matters and claims relating to
the Lease arising prior to the Effective Date, including but not
limited to Assignor's initial construction of Landlord's Work as
described in the Lease.
Assignee hereby accepts the aforementioned Assignment of
Lease and as of the Effective Date assumes and agrees to be bound
by all the terms, covenants, conditions and obligations on the
part of Assignor hereafter to be performed on and after the
Effective Date as provided by and at the time and manner set forth
in the Lease, and Assignee hereby indemnifies and agrees to defend
and hold Assignor harmless for all matters and claims relating to
the Lease arising on and after the Effective Date.
Executed as of June 29 1999.
ASSIGNOR MAGNUM VIDEO 1, INC.
a Nebraska corporation
/s/ Xxxxxx X Xxxxxxx
BY: Xxxxxx X Xxxxxxx, President
ASSIGNEE AEI INCOME & GROWTH FUND XXII
LIMITED PARTNERSHIP,
a Minnesota limited partnership
BY:AEI FUND MANAGEMENT XXI, INC.,
a Minnesota corporation-General
Partner
/s/ Xxxxxx X Xxxxxxx
BY: /s/ Xxxxxx X Xxxxxxx,
Its President
STATE OF NEBRASKA )
)Ss.
COUNTY OF XXXXXXX )
The foregoing instrument was acknowledged before me on June
29, 1999,by Xxxxxx X. Xxxxxxx, President of Magnum Video 1, Inc., a
Nebraska corporation on behalf of the corporation.
/s/ XXXXXXXXX X. XXXXXXXX
Notary Public
[notary seal]
The foregoing instrument was acknowledged before me on July
12, 1999, by Xxxxxx X Xxxxxxx, President of AEI Fund Management
XXI, Inc., corporate general partner of AEI Income & Growth Fund
XXII Limited Partnership, a Minnesota limited partnership on
behalf of the partnership.
/s/ Xxxxxxx X Xxxxxxxxx
Notary Public
[notary seal]
