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<br />e <br /> <br />e <br /> <br />Assignee shall have the additional right and authority in the event of default as <br />aforesaid, but shall not be obligated to: <br /> <br />1. Make and enter into agreement with Lessor and other users of the <br />premises, including the specific right to assign the rights of Assignee herein to another. <br /> <br />2. Sue for the balance due on the Note hereby secured, for possession of the <br />premises, and all appropriate rights and remedies in connection therewith. <br /> <br />Assignor specifically agrees that the Note hereby secured may be from time to <br />time, renewed, extended, modified or rearranged, and this assignment shall not in any <br />manner be effected by such action. <br /> <br />This assignment shall be binding upon and shall' inure to the benefit of the legal <br />representatives, heir, successors, and assigns, respectively, of the Assignor and Assignee; <br />and shall terminate and become null and void upon full and final payment of the Note <br />secured by this assignment and referred to herein. <br /> <br />EXECUTED this ~ d... day October, 2002. <br /> <br />TRI-ST AR AVIATION, INC. <br /> <br />BY:c:::::? <br />Dan H. Maarhouf, Pr <br /> <br /> <br />ATTEST: <br /> <br />r::2~-/ <br /> <br />Secretary <br /> <br />1 ST CHOICE BANK, SOUTH HOUSTON, <br />TEXAS <br /> <br />By: <br /> <br /> <br />... <br /> <br />CITY OF LA PORTE <br /> <br />By: <br /> <br />