ASSIGNMENT OF LEASE
STATE OF TEXAS
COUNTY OF DALLAS
This
Assignment of Lease is made by and between VR PARTNERS
I, L.P., a Texas
limited partnership ("Assignor"), and AEI Net
Lease Income
& Growth Fund XIX
Limited Partnership,
as to an
undivided fifty
percent (50.0%) interest as a tenant in common,
and AEI Net Lease Income & Growth Fund XX Limited Partnership,
as
to an undivided fifty percent (50.0%)
interest as a tenant
in
common (together, collectively the "Assignee").
WITNESSETH:
Assignor
(or its predecessors
in interest) has
heretofore
entered into that certain Lease (the "Lease") with Tractor
Supply
Company, as tenant
(the "Tenant") dated September 16, 1997, as
amended by that certain Amendment No. 1 dated December 15,
1997,
which Lease covers the Property located at 1740 N. Beltline
Road,
Mesquite, Texas as
more particularly described on Exhibit "A"
attached hereto and made a part hereof (the "Property").
A copy
of the Lease is attached hereto as
Exhibit "B" and made a
part
hereof.
As part of
a simultaneous sale by Assignor and purchase by
Assignee of
the Property, Assignee desires
to purchase from
Assignor, and Assignor
desires to sell and assign to Assignee,
the Lease and the leasehold estate created thereby.
Assignor is the Landlord under the Lease with full right and
title to assign the Lease and the rent to
Assignee as
provided
herein. The Lease is
valid, in full force and effect and has not
been modified or amended, except as shown in Exhibit "B"
attached
hereto and
made a part hereof.
To Assignor's actual
knowledge,
there is no default by Tenant under the
Lease and no rent
has
been waived.
NOW,
THEREFORE, for and in consideration of the premises and
the agreements and
covenants herein set forth, together with the
sum of Ten and No/100 Dollars ($10.00)
and other good and
valuable consideration
this day paid and delivered by Assignee
and Assignor,
the receipt and
sufficiency of all of
which by
Assignor are
hereby confessed and
acknowledged, Assignor
does
hereby ASSIGN,
TRANSFER, SET OVER and DELIVER unto Assignee all
of Assignor's
right, title and
interest in and to all
of the
Lease and the
leasehold estates created thereby, and all of the
rights, benefits
and privileges of the landlord thereunder,
including without
limitation an amount
of cash equal to all
security deposits and
prepaid rentals made under the Lease and
not forfeited, credited or returned to Tenant, but subject to
all
terms, conditions, reservations and limitations set forth in
the
Lease.
TO HAVE
AND TO HOLD the Lease unto Assignee, its successors
and assigns,
and Assignor does hereby bind itself and its
successors to WARRANT and FOREVER DEFEND the Lease unto
Assignee,
its successors
and assigns, against every person whomsoever
lawfully claiming
or attempting to claim same, or any part
thereof.
It
is specifically agreed that Assignor shall not be
responsible to the
Tenant under the Lease for the discharge and
performance of any and all duties and obligations to be
performed
and/or discharged by
the landlord thereunder, which shall accrue
or be performable from and after the date hereof. Assignee
hereby
agrees to indemnify
and hold Assignor harmless from and against
any and all loss,
liability, claims or causes of action asserted
by the Tenant under the Lease arising out of
or relating to
causes of action
accruing from and after the date hereof from a
breach of the obligations of the landlord under the Lease.
Assignor
hereby agrees to indemnify and hold Assignee
harmless from and against any and all loss, liability, claims
or
causes of action
asserted by the Tenant under the Lease arising
out of or relating to
causes of action arising prior to the date
hereof from a breach of the obligations of the landlord under
the
Lease.
All of the
covenants, agreements, terms and conditions set
forth herein shall be binding upon and shall inure to the
benefit
of the parties hereto
and their respective heirs, successors and
assigns.
Assignor shall
direct the tenant and
any successor
tenant
under the Lease to pay to Assignee the Rent and all other
monetary obligations due or to become due under the Lease for
the
period beginning on the Effective Date.
This
Assignment
shall be governed by and construed in
accordance with the laws of