NET LEASE AGREEMENT


     THIS LEASE, made and entered into effective as of the
18 day of November, 1997, by and between AEI REAL ESTATE
FUND XV LIMITED PARTNERSHIP ("Fund XV"), a Delaware limited
partnership, whose corporate general partner is AEI Fund
Management 86-A,Inc., AEI REAL ESTATE FUND XVII LIMITED
PARTNERSHIP ("Fund XVII"), a Minnesota limited partnership,
whose corporate general partner is AEI Fund Management XVII,
Inc., and  AEI INSTITUTIONAL NET LEASE FUND '93 LIMITED
PARTNERSHIP ("Fund '93"), a Minnesota limited partnership,
whose corporate general partner is AEI Fund Management
XVIII, Inc.,  all of whose principal business address is
1300 Minnesota World Trade Center, 30 East Seventh Street,
St. Paul, Minnesota 55101 ("Lessor"), and TIMBER LODGE
STEAKHOUSE, INC., a Minnesota corporation ("Lessee"), whose
principal business address is 4021 Vernon Avenue, St. Louis
Park, Minnesota 55416;

                           WITNESSETH:

     WHEREAS, Lessor is the fee owner of a certain parcel of
real property and improvements located in St. Cloud,
Minnesota, and legally described in Exhibit "A", which is
attached hereto and incorporated herein by reference; and

     WHEREAS, Lessee constructed the building and
improvements (together the "Building") on the real property
described in Exhibit "A", which Building is described in the
plans and specifications heretofore submitted to Lessor; and

     WHEREAS, Lessee desires to lease said real property and
Building (said real property and Building hereinafter
referred to as the "Leased Premises"), from Lessor upon the
terms and conditions hereinafter provided;

     NOW, THEREFORE, in consideration of the Rents, terms,
covenants, conditions, and agreements hereinafter described
to be paid, kept, and performed by Lessee, Lessor does
hereby grant, demise, lease, and let unto Lessee, and Lessee
does hereby take and hire from Lessor and does hereby
covenant, promise, and agree as  follows:

ARTICLE 1.     LEASED PREMISES

     Lessor hereby leases to Lessee, and Lessee leases and
takes from Lessor, the Leased Premises subject to the
conditions of this Lease.

ARTICLE 2.     TERM

     (A)  The term of this Lease ("Term") shall be Twenty
(20) consecutive "Lease Years", as hereinafter defined,
commencing on November        , 1997 ("Occupancy Date").

     (B)  The first "Lease Year" of the Term shall be for a
period of twelve (12) consecutive calendar months from the
Occupancy Date.  If the Occupancy Date shall be other than
the first day of a calendar month, the first "Lease Year"
shall be the period from the Occupancy Date to the end of
the calendar month of the Occupancy Date, plus the following
twelve (12) calendar months.  Each Lease Year after the
first Lease Year shall be a successive  period of twelve
(12) calendar months.

     (C)  The parties agree that once the Occupancy Date has
been established, upon the request of either party, a short
form or memorandum of this Lease will be executed for
recording purposes.  That short form or memorandum of this
Lease will set forth the actual occupancy and termination
dates of the Term and optional Renewal Terms, as defined in
Article 28 hereof, and that said right of renewal shall
terminate when the Lessee shall lose right to possession or
this Lease is terminated, whichever occurs first.

ARTICLE 3.  CONSTRUCTION OF IMPROVEMENTS

     (A)  Lessee warrants and agrees that the Building has
been constructed on the Leased Premises, and all other
improvements to the land, including the parking lot,
approaches, and service areas, have been constructed in all
material respects by Lessee substantially in accordance with
the plot, plans, and specifications heretofore submitted to
Lessor.

     (B)  Lessee warrants that the Building and all other
improvements to the land do comply with the laws,
ordinances, rules, and regulations of all state and local
governments.

     (C)  Lessee agrees to pay, if not already paid in full,
for all architectural fees and actual construction costs
relating to the Building and other related improvements on
the Leased Premises, in the past, present or future, which
shall include, but not be limited to, plans and
specifications, general construction, carpentry, electrical,
plumbing, heating, ventilating, air conditioning,
decorating, equipment installation, outside lighting,
curbing, landscaping, blacktopping, electrical sign hookup,
conduit and wiring from building, fencing, and parking
curbs, builder's risk insurance (naming Lessor, Lessee, and
contractor as co-insured), and all construction bonds for
improvements made by or at the direction of Lessee.  All
future improvements shall not commence until the Leased
Premises has been posted in accordance with Minnesota
Statutes to prohibit the attachment to Lessor's interest in
the Leased Premises of any lien for work performed at the
request of Lessee.

     (D)  Opening for business in the Leased Premises by
Lessee shall constitute an acceptance of the Leased Premises
and an acknowledgment by Lessee that the premises are in the
condition described under this Lease.

ARTICLE 4.  RENT PAYMENTS

     (A)  Annual Rent Payable for the first and second Lease
Years:  Lessee shall pay to Lessor an annual Base Rent of
$167,361.96, which amount shall be payable in advance on the
first day of each month in equal monthly installments of
$4,294.79 to Fund XV, $4,294.79 to Fund XVII, and $5,357.25
to Fund '93. If the first day of the Lease Term is not the
first day of a calendar month, then the monthly Rent payable
for that partial month shall be a prorated portion of the
equal monthly installment of Base Rent.

     (B)  Annual Rent Payable beginning in the third and
each Lease Year thereafter:

          1.   In the third and every Lease Year thereafter,
the annual Base Rent due and payable shall increase by an
amount equal to One and Nine Hundred Twenty Five Thousandths
Percent (1.925%) of the Base Rent payable for the
immediately prior Lease Year.

     (C)  Overdue Payments.

     Lessee shall pay interest on all overdue payments of
Rent or other monetary amounts due hereunder at the rate of
fifteen percent (15%) per annum or the highest rate allowed
by law, whichever is less, accruing from the date such Rent
or other monetary amounts were properly due
and payable.

ARTICLE 5. INSURANCE AND INDEMNITY

     (A)  Lessee shall, throughout the Term or Renewal
Terms, if any, of this Lease, at its own cost and expense,
procure and maintain insurance which covers the Leased
Premises and improvements  against fire, wind, and storm
damage (including flood insurance if the Leased Premises is
in a federally designated flood prone area) and such other
risks (including earthquake insurance, if the Leased
Premises is located in a federally designated earthquake
zone or in an ISO high risk earthquake zone) as may be
included in the broadest form of all risk, extended coverage
insurance as may, from time to time, be available in amounts
sufficient to prevent Lessor or Lessee from becoming a co-
insurer within the terms of the applicable policies.  In any
event, the insurance shall not be less than one hundred
percent (100%) of the then insurable value, with such
commercially reasonable deductibles as Lessor may reasonably
require from time to time.  Additionally, replacement cost
endorsements, vandalism endorsement, malicious mischief
endorsement, waiver of subrogation endorsement, waiver of co-
insurance or agreed amount endorsement (if available), and
Building Ordinance Compliance endorsement and Rent loss
endorsements (for a period of twelve months) must be
obtained.

     (B)  Lessee agrees to place and maintain throughout the
Term or Renewal Terms, if any, of this Lease, at Lessee's
own expense, public liability insurance with respect to
Lessee's use and occupancy of said premises, with initial
limits of at least $3,000,000 per occurrence/$4,000,000
general aggregate (inclusive of umbrella coverage), and
including "Dram Shop" or liquor liability insurance, if the
same shall be or become available in the State of Minnesota,
with coverage written in the statutory amount if Minnesota
shall pass a maximum recovery statute, or otherwise, with
limits of $2,000,000 per occurrence and $5,000,000
aggregate; or, as to all of the foregoing policy limits,
such additional amounts as Lessor shall reasonably require
from time to time.

     (C)  Lessee agrees to notify Lessor in writing if
Lessee is unable to procure all or some part of the
aforesaid insurance.  In the event Lessee fails to provide
all insurance required under this Lease, Lessor shall have
the right, but not the obligation, to procure such insurance
on Lessee's behalf, following five (5) business days written
notice to Lessee of Lessor's intent to do so (unless
insurance then in place would during such period, or already
has, lapsed, in which case no notice need be given) and
Lessee may obtain such insurance during said five day period
and not then be in default hereunder.  If Lessor shall
obtain such insurance, Lessee will then, within five (5)
business days from receiving written notice, pay Lessor the
amount of the premiums due
or paid, together with interest thereon at the lesser of 15%
per annum or the highest rate allowable by law, which amount
shall be considered Rent payable by Lessee in addition to
the Rent defined at Article 4 hereof.

     (D)  All policies of insurance provided for or
contemplated by this Article can be under Lessee's blanket
insurance coverage and shall name Lessor, and their
respective corporate general partners, and Robert P.
Johnson, individual general partner of Lessor, and Lessee as
additional insured and loss payee, as their respective 
interests (as landlord and lessee, respectively) may 
appear, and shall provide that the policies cannot be 
canceled, terminated, changed, or modified without thirty 
(30) days written notice to the parties.  In addition, 
all of such policies shall be in place  on or before the 
Occupancy Date and contain endorsements by the respective 
insurance companies waiving all rights of subrogation, if 
any, against Lessor.  All insurance companies providing 
coverages must be rated "A" or better by Best's Key Rating 
Guide (the most current edition), or similar quality under 
a successor guide if Best's Key Rating shall cease to be 
published.  Lessee shall maintain legible copies of any 
and all policies and endorsements required herein, to be 
made available for Lessor's review and photocopy upon 
Lessor's reasonable request from time to time.  On the 
Occupancy Date and no less than fifteen (15) business 
days prior to expiration of such policies, Lessee shall 
provide Lessor with legible copies of any and all renewal 
Certificates of Insurance reflecting the above terms of 
the Policies (including endorsements).  Lessee agrees 
that it will not settle any property insurance claims 
affecting the Leased Premises in excess of $25,000 
without Lessor's prior written consent, such consent 
not to be unreasonably withheld or delayed. Lessor shall 
consent to any settlement of an insurance claim
wherein Lessee shall confirm in writing with evidence
reasonably satisfactory to Lessor that Lessee has sufficient
funds available to complete the rebuilding of the Premises.

     (E)  Lessee shall defend, indemnify, and hold Lessor
harmless against any and all claims, damages, and lawsuits
arising after the Occupancy Date of this Lease and any
orders, decrees or judgments which may be entered therein,
brought for damages or alleged damages resulting from any
injury to person or property or from loss of life sustained
in or about the Leased Premises, unless such damage or
injury results from the intentional misconduct or the gross
negligence of Lessor and Lessee agrees to save Lessor
harmless from, and indemnify Lessor against, any and all
injury, loss, or damage, of whatever nature, to any person
or property caused by, or resulting from any act, omission,
or negligence of Lessee or any employee or agent of Lessee.
In addition, Lessee hereby releases Lessor from any and all
liability for any loss or damage caused by fire or any of
the extended coverage casualties, unless such fire or other
casualty shall be brought about by the intentional
misconduct or negligence of Lessor.  In the event of any
loss, damage, or injury caused by the joint negligence or
willful misconduct of Lessor and Lessee, they shall be
liable therefor in accordance with their respective degrees
of fault.

     (F)  Lessor hereby waives any and all rights that it
may have to recover from Lessee damages for any loss
occurring to the Leased Premises by reason of any act or
omission of Lessee; provided, however, that this waiver is
limited to those losses for which Lessor is compensated by
its insurers, if the insurance required by this Lease is
maintained.  Lessee hereby waives any and all right that it
may have to recover from Lessor damages for any loss
occurring to the Leased Premises by reason of any act or
omission of Lessor; provided, however, that this waiver is
limited to those losses for which Lessee is, or should be if
the insurance required herein is maintained, compensated by
its insurers.

ARTICLE 6.  TAXES, ASSESSMENTS AND UTILITIES

     (A)  Lessee shall be liable and agrees to pay the
charges for all public utility services rendered or
furnished to the Leased Premises, including heat, water,
gas, electricity, sewer, sewage treatment facilities and the
like, all personal property taxes, real estate taxes,
special assessments, and municipal or government charges,
general, ordinary and extraordinary, of every kind and
nature whatsoever, which may be levied, imposed, or assessed
against the Leased Premises, or upon any improvements
thereon, at any time after the Occupancy Date of this Lease
for the period prior to the expiration of the term hereof,
or any Renewal Term, if exercised.

     (B)  Lessee shall pay all real estate taxes,
assessments for public improvements or benefits, and other
governmental impositions, duties, and charges of every kind
and nature whatsoever which shall or may, during the term of
this Lease, be charged, laid, levied, assessed, or imposed
upon, or become a lien or liens upon the Leased Premises or
any part thereof. Such payments shall be considered as Rent
paid by Lessee in addition to the Rent described at Article
4 hereof.  If due to a change in the method of taxation, a
franchise tax, Rent tax, or income or profit tax shall be
levied against Lessor in substitution for or in lieu of any
tax which would otherwise constitute a real estate tax, such
tax shall be deemed a real estate tax for the purposes
herein and shall be paid by Lessee; otherwise Lessee shall
not be liable for any such tax levied against Lessor.

     (C)  All real estate taxes, assessments for public
improvements or benefits, water rates and charges, sewer
rents, and other governmental impositions, duties, and
charges which shall become payable for the first and last
tax years of the term hereof shall be apportioned pro rata
between Lessor and Lessee in accordance with the respective
number of months during which each party shall be in
possession of the Leased Premises (or through the expiration
of the term hereof, if longer) in said respective tax years.
Lessee shall pay within 60 days of the expiration of the
term hereof Lessor's reasonable estimate of Lessee's pro-
rata share of real estate taxes for the last tax year of the
term hereof, based upon the last available tax bill.  Lessor
shall give Lessee notice of such estimated pro-rata real
estate taxes no later than 75 days from the end of the term
hereof.  Upon receipt of the actual statement of real estate
taxes for such prorated period, Lessor shall either refund
to Lessee any over payment of the pro-rata Lessee
obligation, or shall assess and Lessee shall pay promptly
upon notice any remaining portion of the Lessee's pro-rata
obligation for such real estate taxes.

     (D)  Lessee shall have the right to contest or review
by legal proceedings or in such other manner as may be legal
(which, if instituted, shall be conducted solely at Lessee's
own expense) any tax, assessment for public improvements or
benefits, or other governmental imposition aforementioned,
upon condition that, before instituting such proceeding
Lessee shall pay (under protest) such tax or assessments for
public improvements or benefits, or other governmental
imposition, duties and charges aforementioned, unless such
payment would act as a bar to such contest or interfere
materially with the prosecution thereof and in such event
Lessee shall post with Lessor alternative security
reasonably satisfactory to Lessor.  All such proceedings
shall be begun as soon as reasonably possible after the
imposition or  assessment of any contested items and shall
be prosecuted to final adjudication with reasonable
dispatch.  In the event of any reduction, cancellation, or
discharge, Lessee shall pay the amount that shall be finally
levied or assessed  against the Leased Premises or
adjudicated to be due and payable, and, if there shall be
any refund payable by the governmental authority with
respect thereto, if Lessee has paid the expense of Lessor in
such proceedings, Lessee shall be entitled to receive and
retain the refund,  subject, however, to apportionment as
provided during the first and last years of the term of this
Lease.

     (E)  Lessor, within sixty (60) days after notice to
Lessee if Lessee fails to commence such proceedings, may,
but shall not be obligated to, contest or review by legal
proceedings, or in such other manner as may be legal, and at
Lessor's own expense, any tax, assessments for public
improvements and benefits, or other governmental imposition
aforementioned, which shall not be contested or reviewed, as
aforesaid, by Lessee, and unless Lessee shall promptly join
with Lessor in such contest or review, Lessor shall be
entitled to receive and retain any refund payable by the
governmental authority with respect thereto.

     (F)  Lessor shall not be required to join in any
proceeding referred to in this Article, unless in Lessee's
reasonable opinion, the provisions of any law, rule, or
regulation at the time in effect shall require that such a
proceeding be brought by and/or in the name of Lessor, in
which event Lessor shall upon written request, join in such
proceedings or permit the same to be brought in its name,
all at no cost or expense to Lessor.

     (G)  Within thirty (30) days after Lessor notifies
Lessee in writing that Lessor has paid such amount, Lessee
shall also pay to Lessor, as additional Rent, the amount of
any sales tax, franchise tax, excise tax, on Rents imposed
by the State where the Leased Premises are located.  At
Lessor's option, Lessee shall deposit with Lessor on the
first day of each and every month during the term hereof, an
amount equal to one-twelfth (1/12) of any estimated sales
tax payable to the State in which the property is situated
for Rent received by Lessor hereunder ("Deposit").  From
time to time out of such Deposit Lessor will pay the sales
tax to the State in which the property is situated as
required by law.  In the event the Deposit on hand shall not
be sufficient to pay said tax when the same shall become due
from time to time, or the prior payments shall be less than
the current estimated monthly amounts, then Lessee shall pay
to Lessor on demand any amount necessary to make up the
deficiency.  The excess of any such Deposit shall be
credited to subsequent payments to be made for such items.
If a default or an event of default shall occur under the
terms of this Lease, Lessor may, at its option, without
being required so to do, apply any Deposit on hand to cure
such default, in such order and manner as Lessor may elect.

ARTICLE 7.     PROHIBITION ON ASSIGNMENTS AND SUBLETTING;
               TAKE-BACK RIGHTS

     (A)  Except as otherwise expressly provided in this
Article, Lessee shall not, without obtaining the prior
written consent of Lessor, in each instance:

          1.   assign or otherwise transfer this Lease, or
any part of Lessee's right, title or interest therein;

          2.   sublet all or any part of the Leased Premises
or allow all or any part of the Leased Premises to be used
or occupied by any other Persons (herein defined as a Party
other than Lessee, be it a corporation, a partnership, an
individual or other entity); or

          3.   mortgage, pledge or otherwise encumber this
Lease, or the Leased Premises.

     (B)  For the purposes of this Article:

          1.   the transfer of voting control of any class
of capital stock of any corporate Lessee or sublessee, or
the transfer voting control of the total interest in any
other person which is a Lessee or sublessee, however
accomplished, whether in a single transaction or in a series
of related or unrelated transactions, shall be deemed an
assignment of this Lease, or of such sublease, as the case
may be;

          2.   an agreement by any other Person, directly or
indirectly, to assume Lessee's obligations under this Lease
shall be deemed an assignment;

          3.   any Person to whom Lessee's interest under
this Lease passes by operation of law, or otherwise, shall
be bound by the provisions of this Article;

          4.   each material modification, amendment or
extension or any sublease to which Lessor has previously
consented shall be deemed a new sublease; and

          5.   Lessee shall present the signed consent to
such assignment and/or subletting from any guarantors of
this Lease, such consent to be in form and substance
reasonably satisfactory to Lessor.

     Lessee agrees to furnish to Lessor within five (5)
business days following demand at any time such information
and assurances as Lessor may reasonably request that neither
Lessee, nor any previously permitted sublessee or assignee,
has violated the provisions of this Article.

     (C)  If Lessee agrees to assign this Lease or to sublet
all or any portion of the Leased Premises, Lessee shall,
prior to the effective date thereof (the "Effective Date"),
deliver to Lessor executed counterparts of any such
agreement and of all ancillary agreements with the proposed
assignee or sublessee, as applicable.  If Lessee shall fail
to do so, and shall have surrendered possession of the
Leased Premises in violation of its duty of prior notice and
failed to obtain Lessor's prior consent (if and where
required herein), and, if in such event, Lessor in its sole
discretion (except as otherwise specifically limited herein)
shall not consent to a proposed sublease or assignment,
Lessor shall then have all of the following rights, any of
which Lessor may exercise by written notice to Lessee given
within thirty (30) days after Lessor receives the
aforementioned documents:

          1.   with respect to a proposed assignment of this
Lease, the right to terminate this Lease on the Effective
Date as if it were the Expiration Date of this Lease;

          2.   with respect to a proposed subletting of the
entire Leased Premises, the right to terminate this Lease on
the Effective Date as if it were the Expiration Date; or

          3.   with respect to a proposed subletting of less
than the entire Leased Premises, the right to terminate this
Lease as to the portion of the Leased Premises affected by
such subletting on the Effective Date, as if it were the
Expiration Date, in which case Lessee shall promptly execute
and deliver to Lessor an appropriate modification of this
Lease in form satisfactory to Lessor in all respects.

          4.   with respect to a proposed subletting or
proposed assignment of this Lease, impose such conditions
upon Lessor's consent as Lessor shall determine in its sole
discretion.

     (D)  If Lessor exercises any of its options under
Article 7(C) above, (and if Lessor shall impose conditions
upon its consent and Lessee shall fail to meet any
conditions Lessor may impose upon its consent), Lessor may
then lease the Leased Premises or any portion thereof to
Lessee's proposed assignee or sublessee, as the case may be,
without liability whatsoever to Lessee.

     (E)  Notwithstanding anything above to the contrary,
Lessor agrees that its consent to any proposed assignment or
sublet shall not be unreasonably withheld or delayed,
provided Lessor is given prior written notice of such
sublease or assignment, accompanied by a copy of such
sublease or assignment, and the consents of Lessee (such
consent to be in form and substance satisfactory to Lessor)
to such assignment or sublet, affirming its continued
liability hereunder.

ARTICLE 8.  REPAIRS AND MAINTENANCE

     (A)  Lessee covenants and agrees to keep and maintain
in good order, condition and repair the interior and
exterior of the Leased Premises during the term of the
Lease, or any renewal terms, and further agrees that Lessor
shall be under no obligation to make any repairs or
perform any maintenance to  the Leased Premises.  Lessee
covenants and agrees that it shall be responsible for all
repairs, alterations, replacements, or maintenance of,
including but without limitation to or of:  The interior and
exterior portions of all doors; door checks and operators;
windows; plate glass; plumbing; water and sewage facilities;
fixtures; electrical equipment; interior walls; ceilings;
signs; roof; structure; interior building appliances and
similar equipment; heating and air conditioning equipment;
and any equipment owned by Lessor and leased to Lessee
hereunder, as itemized, if any, on Exhibit B attached hereto
and incorporated herein by reference; and further agrees to
replace any of said equipment when necessary.  Lessee
further agrees to be responsible for, at its own expense,
snow removal, lawn maintenance, landscaping, maintenance of
the parking lot (including parking lines, seal coating, and
blacktop surfacing), and other similar items.

     (B)  If Lessee refuses or neglects to commence or
complete repairs promptly and adequately, after prior
written notice as required under Article 16(B) (except in
cases of emergency to prevent waste or preserve the safety
and integrity of the Leased Premises, in which case no
notice need be given), Lessor may cause such repairs to be
made, but shall not be required to do so, and Lessee shall
pay the cost thereof to Lessor within five (5) business days
following demand.  It is understood that Lessee shall pay
all expenses and maintenance and repair during the term of
this Lease.  If Lessee is not then in default hereunder,
Lessee shall have the right to make repairs and improvements
to the Leased Premises without the consent of Lessor if such
repairs and improvements do not exceed Fifty Thousand
Dollars ($50,000.00), provided such repairs or improvements
do not affect the structural integrity of the Leased
Premises.  Any repairs or improvements in excess of Fifty
Thousand Dollars ($50,000.00) or affecting the structural
integrity of the Leased Premises may be done only with the
prior written consent of Lessor, such consent not to be
unreasonably withheld or delayed.  All alterations and
additions to the Leased Premises shall be made in accordance
with all applicable laws and shall remain for the benefit of
Lessor, except for Lessee's moveable trade fixtures.  In the
event of making such alterations as herein provided, Lessee
further agrees to indemnify and save harmless Lessor from
all expense, liens, claims or damages to either persons or
property or the Leased Premises which may arise out of or
result from the undertaking or making of said repairs,
improvements, alterations or additions, or Lessee's failure
to make said repairs, improvements, alterations or
additions.

ARTICLE 9.  COMPLIANCE WITH LAWS AND REGULATIONS

     Lessee will comply with all statutes, ordinances,
rules, orders, regulations and requirements of all federal,
state, city and local governments, and with all rules,
orders and regulations of the applicable Board of Fire
Underwriters which affect the use of the improvements.
Lessee will comply with all easements, restrictions, and
covenants of record against or affecting the Leased Premises
and any franchise or license agreements required for
operation of the Leased Premises in accordance with 
Article 14 hereof.


ARTICLE 10.  SIGNS

     Lessee shall have the right to install and maintain a
sign or signs advertising Lessee's business, provided that
the signs conform to law, and further provided that the sign
or signs conform specifically to the written requirements of
the appropriate governmental authorities.


ARTICLE 11.  SUBORDINATION

     (A)  Lessor reserves the right and privilege to subject
and subordinate this Lease at all times to the lien of any
mortgage or mortgages now or hereafter placed upon Lessor's
interest in the Leased Premises and on the land and
buildings of which said premises are a part, or upon any
buildings hereafter placed upon the land of which the Leased
Premises are a part, provided such mortgagee shall execute
its standard form, commercially reasonable subordination,
attornment and non-disturbance agreement.  Lessor also
reserves the right and privilege to subject and subordinate
this Lease at all times to any and all advances to be made
under such mortgages, and all renewals, modifications,
extensions, consolidations, and replacements thereof,
provided such mortgagee shall execute its standard form,
commercially reasonable subordination, attornment and non-
disturbance agreement.

     (B)  Lessee covenants and agrees to execute and
deliver, upon demand, such further instrument or instruments
subordinating this Lease on the foregoing basis to the lien
of any such mortgage or mortgages as shall be desired by
Lessor and any proposed mortgagee or proposed mortgagees,
provided such mortgagee shall execute its standard form,
commercially reasonable subordination, attornment and non-
disturbance agreement.

ARTICLE 12.  CONDEMNATION OR EMINENT DOMAIN

     (A)  If the whole of the Leased Premises are taken by
any public authority under the power of eminent domain, or
by private purchase in lieu thereof, then this Lease shall
automatically terminate upon the date possession is
surrendered, and Rent shall be paid up to that day.  If any
part of the Leased Premises shall be so taken as to render
the remainder thereof materially unusable in the opinion of
a licensed third party arbitrator reasonably approved by
Lessor and Lessee, for the purposes for which the Leased
Premises were leased, then Lessor and Lessee shall each have
the right to terminate this Lease on thirty (30) days notice
to the other given within ninety (90) days after the date of
such taking.  In the event that this Lease  shall terminate
or be terminated, the Rent shall, if and as necessary, be
paid up to the day that possession was surrendered.

     (B)  If any part of the Leased Premises shall be so
taken such that it does not materially interfere with the
business of Lessee, then Lessee shall, with the use of the
condemnation proceeds to be made available by Lessor, but
otherwise at Lessee's own cost and expense, restore the
remaining portion of the Leased Premises to the extent
necessary to render it reasonably suitable for the purposes
for which it was leased.  Lessee shall make all repairs to
the building in which the Leased Premises is located to the
extent necessary to constitute the building a complete
architectural unit.  Provided, however, that such work shall
not exceed the scope of the work required to be done by
Lessee in originally constructing such building unless
Lessee shall demonstrate to Lessor's reasonable satisfaction
the availability of funds to complete such work.  Provided,
further, the cost thereof to Lessor shall not exceed the
proceeds of its condemnation award, all to be done without
any adjustments in Rent to be paid by Lessee.  This lease
shall be deemed amended to reflect the taking in the legal
description of the Leased Premises.

     (C)  All compensation awarded or paid upon such total
or partial taking of the Leased Premises shall belong to and
be the property of Lessor without any participation by
Lessee, whether such damages shall be awarded as
compensation for diminution in value to the leasehold or to
the  fee of the premises herein leased.  Nothing contained
herein shall be construed to preclude Lessee from
prosecuting any claim directly against the condemning
authority in such proceedings for:  Loss of business; damage
to or loss of value or cost of removal of inventory, trade
fixtures, furniture, and other personal property belonging
to Lessee; provided, however, that no such claim shall
diminish or otherwise adversely affect Lessor's award or the
award of any fee mortgagee.

ARTICLE 13.  RIGHT TO INSPECT

     Lessor reserves the right to enter upon, inspect and
examine the Leased Premises at any time during business
hours, after reasonable notice to Lessee, and Lessee agrees
to allow Lessor free access to the Leased Premises to show
the premises.  Upon default by Lessee or at any time within
ninety (90) days of the expiration or termination of the
Lease, Lessee agrees to allow Lessor to then place "For
Sale" or "For Rent" signs on the Leased Premises.  Lessor
and Lessor's representatives shall at all times while upon
or about the Leased Premises observe and comply with
Lessee's reasonable health and safety rules, regulations,
policies and procedures.  Lessor agrees to indemnify and
hold Lessee, its successors, assigns, agents and employees
from and against any liability, claims, demands, cause of
action, suits and other litigation or judgements of every
kind and character, including injury to or death of any
person or persons, or trespass to, or damage to, or loss or
destruction of, any property, whether real or personal, to
the extent resulting from the negligence or willful
misconduct or Lessor or Lessor's representatives while upon
or about the Leased Premises.


ARTICLE 14.  EXCLUSIVE USE

     (A)  After the Occupancy Date, Lessee expressly agrees
and warrants that the Leased Premises will be used
exclusively as a restaurant, in compliance with any
applicable restrictive covenants or conditions of record
against the Leased Premises as of the date hereof or
consented to by Lessee.  In any other such case, after
obtaining Lessor's prior written consent, such consent not
to be unreasonably withheld or delayed, Lessee may conduct
any lawful business from the Leased Premises.  Lessee
acknowledges and agrees that any other use without the prior
written consent of Lessor will constitute a default under
and a violation and breach of this Lease.  Lessee agrees:
To open for business on the first day in respect of which
Rent is payable; to operate all of the Leased Premises
during the Term or Renewal Terms during regular and
customary hours for businesses similar to the permitted
exclusive use stated herein, unless prevented from doing so
by causes beyond Lessee's control or due to remodeling; and
to conduct its business in a professional and reputable
manner.

     (B)  If the Leased Premises are not operated as a
restaurant or other permitted use hereunder, or remain
closed for thirty (30) consecutive days (unless such closure
results from reasons beyond Lessee's reasonable control) and
in the event Lessee fails to pay Rent when due or fulfill
any other obligation hereunder, then Lessee shall be in
default hereunder and Lessor may, at its option, cancel this
Lease by giving written notice to Lessee or exercise any
other right or remedy that Lessor may have; provided,
however, that closings shall be reasonably permitted for
replacement of trade fixtures or during periods of repair
after destruction or due to remodeling.

ARTICLE 15.  DESTRUCTION OF PREMISES

     If, during the term of this Lease, the Leased Premises
are totally or partially destroyed by fire or other
elements, within a reasonable time (but in no event longer
than one hundred eighty (180) days and subject to the
provisions herein below), Lessee shall repair and restore
the improvements so damaged or destroyed as nearly as may be
practical to their condition immediately prior to such
casualty.  All rents payable by Lessee shall be abated
during the period of repair and restoration to the extent
that Lessor shall be compensated by the proceeds of the rent
loss insurance required to be maintained by Lessee
hereunder.

     Provided Lessee is not in default hereunder (and
retains according to the terms hereof the right to rebuild)
with the Lessor's prior written consent, which consent shall
not be unreasonably withheld or delayed, Lessee shall have
the right to promptly and in good faith settle and adjust
any claim under such insurance policies with the insurance
company or companies on the amounts to be paid upon the
loss.  The insurance proceeds shall be used to reimburse
Lessee for the cost of
rebuilding or restoration of the Leased Premises.  Risk that
the insurance company shall be insolvent or shall refuse to
make insurance proceeds available shall be with Lessee. The
Leased Premises shall be so restored or rebuilt so as to be
of at least equal value and substantially the same character
as prior to such damage or destruction.  If the insurance
proceeds are less than Fifty Thousand Dollars ($50,000),
they shall be paid to Lessee for such repair and
restoration.  If the insurance proceeds are greater than or
equal to Fifty Thousand Dollars ($50,000), they shall be
deposited by Lessee and Lessor into a customary construction
escrow at a nationally recognized title insurance company,
or at Lessee's option, with Lessor ("Escrowee") and shall be
made available from time to time to Lessee for such repair
and restoration.  Such proceeds shall be disbursed in
conformity with the terms and conditions of a commercially
reasonable construction loan agreement.  Lessee shall, in
either instance, deliver to Lessor or Escrowee (as the case
may be) satisfactory evidence of the estimated cost of
completion together with such architect's certificates,
waivers of lien, contractor's sworn statements and other
evidence of cost and of payments as the Lessor or Escrowee
may reasonably require and approve.  If the estimated cost
of the work exceeds One Hundred Thousand Dollars ($100,000),
all plans and specifications for such rebuilding or
restoration shall be subject to the reasonable approval of
Lessor.

     Any insurance proceeds remaining with Escrowee after
the completion of the repair or restoration shall be paid to
Lessor.

     If the proceeds from the insurance are insufficient,
after review of the bids for completion of such
improvements, or should become insufficient during the
course of construction, to pay for the total cost of repair
or restoration, Lessee shall, prior to commencement of work,
demonstrate to Escrowee and Lessor's reasonable
satisfaction, the availability of such funds necessary to
completion construction and Lessee shall deposit the same
with Escrowee for disbursement under
the construction escrow agreement.

     Provided, further, that should the Leased Premises be
damaged or destroyed to the extent of fifty (50%) percent of
its value or such that Lessee cannot carry on business as a
restaurant or its permitted use immediately prior to such
damage or destruction, without (in the opinion of a licensed
third party arbitrator reasonably approved by Lessor and
Lessee) being closed for more than sixty (60) days (which
duration of closure may be established by Lessee by the
affidavit of the approved independent third party arbitrator
as to the estimated time of repair) during the last two (2)
years of the remaining term of this Lease or any of the
option terms of this Lease, if any further options to renew
remain, Lessee may elect within 30 days of such damage, to
then exercise at least one (1) option to renew this Lease so
that the remaining term of the Lease is not less than five
(5) years in order to be entitled to such insurance proceeds
for restoration or rebuilding.  Absent such election, this
Lease shall terminate upon Lessor's receipt of the insurance
or other proceeds at least equal to the estimated cost of
such repair or restoration.


ARTICLE 16.  ACTS OF DEFAULT

     Each of the following shall be deemed a default by
Lessee and a breach of this Lease:

          (A)  Failure to pay the Rent or any monetary
obligation herein reserved, or any part thereof when the
same shall be due and payable.  Interest and late charges
for failure to pay Rent when due shall accrue from the first
date such Rent was due and payable; provided, however,
Lessee shall have five (5) business days after written
notice from Lessor within which to cure the failure to pay
the Rent or any monetary obligation herein reserved.

          (B)  Failure to do, observe, keep and perform any
of the other terms, covenants, conditions, agreements and
provisions in this Lease to be done, observed, kept and
performed by Lessee; provided, however, that Lessee shall
have Thirty (30) days after written notice from Lessor
within which to cure such default, or such longer time as
may be reasonably necessary if such default cannot
reasonably be cured within Thirty (30) days, if Lessee is
diligently pursuing a course of conduct that in Lessor's
reasonable opinion is capable of curing such default, but in
any event such longer time shall not exceed 120 days after
written notice from Lessor of the default hereunder.

          (C)  The abandonment of the premises by Lessee,
the adjudication of Lessee as a bankrupt, the making by
Lessee of a general assignment for the benefit of creditors,
the taking by Lessee  of the benefit of any insolvency act
or law, the appointment of a permanent receiver or trustee
in bankruptcy for Lessee property, or the appointment of a
temporary receiver which is not vacated  or set aside within
sixty (60) days from the date of such appointment; provided,
however, that the foregoing shall not constitute events of
default so long as Lessee continues to otherwise satisfy its
obligations (including but not limited to the payment of
Rent) hereunder.

ARTICLE 17.  TERMINATION FOR DEFAULT

     In the event of any uncured default by Lessee and at
any time thereafter, Lessor may serve a written notice upon
Lessee that Lessor elects to terminate this Lease.  This
Lease shall then terminate on the date so specified as if
that date had been originally fixed as the expiration date
of the term herein granted, provided, however, subject to
Article 19D, that Lessee shall have continuing liability for
future rents for the remainder of the original term and any
exercised
renewal term as set forth in Article 19, notwithstanding any
earlier termination of the Lease hereunder (except where
Lessee has exercised a right to terminate where granted
herein), preserving unto Lessor the benefit of its bargained-
for rental payments.

ARTICLE 18.  LESSOR'S RIGHT OF RE-ENTRY

     In the event that this Lease shall be terminated as
hereinbefore provided, or by summary proceedings or
otherwise, or in the event of an uncured default hereunder
by Lessee, or in the event that the premises or any part
thereof, shall be abandoned by Lessee and Rent shall not be
paid or other obligations (including but not limited to
repair and maintenance obligations) of Lessee hereunder
shall not be met, then Lessor or its agents, servants or
representatives, may immediately or at any time thereafter,
re-enter and resume possession of the premises or any part
thereof, and remove all persons and property therefrom,
either by summary dispossess proceedings or by a suitable
action or proceeding at law, or by force or otherwise
without being liable for any damages therefor, except for
damages resulting from Lessor's negligence or willful
misconduct.  Notwithstanding anything above to the contrary,
if Lessee is still in possession of the Leased Premises,
Lessor agrees to use such legal proceedings (summary or
otherwise) prescribed by law to regain possession of the
Leased Premises.

ARTICLE 19.  LESSEE'S CONTINUING LIABILITY

     (A)  Should Lessor elect to re-enter as provided in
this Lease or should it take possession pursuant to legal
proceedings or pursuant to any notice provided for by law,
Lessor shall undertake commercially reasonable efforts to
mitigate Lessee's continuing liability hereunder as such
efforts may be prescribed by law or statute (which shall
include listing the Leased Premises with a licensed
commercial real estate broker and securing the property
against waste, but shall not otherwise include the
expenditure of Lessor's funds, unless the same be required
by law or statute), and in addition, Lessor may either (i)
terminate this Lease or (ii) it may from time to time,
without terminating the contractual obligation of Lessee to
pay Rent under this Lease, make such alterations and repairs
as may be necessary to relet the Leased Premises or any part
thereof for the remainder of the original Term or any
exercised Renewal Terms, at such Rent or Rents, and upon
such other terms and conditions as Lessor in its sole
discretion may deem advisable.  Termination of Lessee's
right to possession by Court Order shall be sufficient
evidence of the termination of Lessee's possessory rights
under this Lease, and the filing of such an Order shall be
notice of the termination of Lessee's Right of First Refusal
as set forth in any Memorandum of Lease of record.

     (B)  Upon each such reletting, without termination of
the contractual obligation of Lessee to pay Rent under this
Lease, all Rents received by Lessor shall be applied as
follows:

          1.   First, to the payment of any indebtedness
other than Rent due hereunder from Lessee to Lessor;

          2.   Second, to the payment of any costs and
expenses of such reletting, including brokerage fees and
attorney's fees and of costs of such alterations and
repairs;

          3.   Third, to the payment of Rent and other
monetary obligations due and unpaid hereunder;

          4.   Finally, the residue, if any, shall be held
by Lessor and applied in payment of future Rent as the same
may become due and payable hereunder.

If such Rents received from such reletting during any month
are less than that to be paid during that month by Lessee
hereunder, Lessee shall pay any such deficiency to Lessor.
Such deficiency shall be calculated and paid monthly.  No
such re-entry or taking possession of such Leased Premises
by Lessor shall be construed as an election on its part to
terminate Lessee's contractual obligations under this Lease
respecting the payment of rent and obligations for the costs
of repair and maintenance unless a written notice of such
intention be given to Lessee.

     (C)  Notwithstanding any such reletting without
termination, Lessor may at any time thereafter elect to
terminate this Lease for any uncured breach.

     (D)  In addition to any other remedies Lessor may have
with this Article 19, Lessor may recover from Lessee all
damages it may incur by reason of any uncured breach,
including:  The cost of recovering and reletting the Leased
Premises; reasonable attorney's fees; and, the present value
(discounted at a rate of 7% per annum) of the excess of the
amount of Rent and charges equivalent to Rent reserved in
this Lease for the remainder of the Term over the then
reasonable Rent value of the Leased Premises (or the actual
Rents receivable by Lessor, if relet), (the Lessee bearing
the burden of proof to demonstrate the amount of rental loss
for the same period, that through reasonable efforts to
mitigate damages, could have been avoided) for the remainder
of the Term, all of which amounts shall be immediately due
and payable from Lessee to Lessor in full.  In the event
that the Rent obtained from such alternative or substitute
tenant is more than the Rent which Lessee is obligated to
pay under this Lease, then such excess shall be paid to
Lessor provided that Lessor shall credit such excess against
the outstanding obligations of Lessee due pursuant hereto,
if any.

     (E)  It is the object and purpose of this Article 19
that Lessor shall be kept whole and shall suffer no damage
by way of non-payment of Rent or by way of diminution in
Rent.  Lessee waives and will waive all rights to trial by
jury in any summary proceedings or in any action brought to
recover Rent herein which may hereafter be instituted by
Lessor against Lessee in respect to the Leased Premises.
Lessee hereby waives any rights of re-entry it may have or
any rights of redemption or rights to redeem this Lease upon
a termination of this Lease, including but not limited to
rights of redemption afforded by Minnesota Statute 504.02,
et. seq., as amended.

ARTICLE 20.  PERSONALTY, FIXTURES AND EQUIPMENT

     (A)  All building fixtures, building machinery, and
building equipment used in connection with the operation of
the Leased Premises including, but not limited to, heating,
electrical wiring, lighting, ventilating, plumbing, air
conditioning systems, and the equipment owned by Lessor and
leased to Lessee hereunder, if any, as specifically set
forth on Exhibit B attached hereto and incorporated herein
by reference shall be the property of Lessor.  All other
trade fixtures and all other articles of personal property
owned by Lessee shall remain the property of Lessee.

     (B)  Lessee shall furnish and pay for any and all
equipment, furniture, trade fixtures, and signs, except for
such items, if any, described in Article 20(A) above, as
owned by Lessor.  Lessee agrees that Lessor shall have a
lien on all Lessee's equipment, furniture, trade fixtures,
furnishings, and signs as security for the performance of
and compliance with this Lease, subject to the rights of any
bona fide third party's security interest in such property.
Provided Lessee is not in default hereunder, Lessor will
agree that its interest in the personal property of Lessee
will be subordinated to financing which may exist or which
Lessee may cause to exist in the future on that same
personal property.

     (C)  At the end of the term of this Lease, the property
described at Article 20(B) above, after written notice to
Lessor given at least ten (10) business days prior to any
proposed removal, may be removed from the Leased Premises by
Lessee regardless of whether or not such property is
attached to the Leased Premises so as to constitute a
"fixture" within the meaning of the law; however, all
damages and repairs to the Leased Premises which may be
caused by the removal of such property shall be paid for by
Lessee.

ARTICLE 21.  LIENS

     Lessee shall not do or cause anything to be done
whereby the Leased Premises may be encumbered by any
mechanic's or other liens.  Whenever and as often as any
mechanic's or  other lien is filed against said Leased
Premises purporting to be for labor or materials furnished
or to be furnished to Lessee, Lessee shall remove the lien
of record by payment or by bonding with a surety company
authorized to do business in the state in which the property
is located, within forty-five (45) days from the date of the
filing of said mechanic's or other lien and delivery of
notice thereof to Lessee.  Should Lessee fail to take the
foregoing steps within said forty-five (45) day period (or
in any event, prior to the expiration of the time within
which Lessee may bond over such lien to remove it as a lien
upon the Leased Premises), Lessor shall have the right,
among other things, to pay said lien without inquiring into
the validity thereof, and Lessee shall forthwith reimburse
Lessor for the total expense incurred by it in discharging
said lien as additional Rent hereunder.

ARTICLE 22.  NO WAIVER BY LESSOR EXCEPT IN WRITING

     No agreement to accept a surrender of the Leased
Premises or termination of this Lease shall be valid unless
in writing signed by Lessor.  The delivery of keys to any
employee of Lessor or Lessor's agents shall not operate as a
termination of the  Lease or a surrender of the premises.
The failure of Lessor to seek redress for violation of any
rule or regulation, shall not prevent a subsequent act,
which would have originally constituted a violation, from
having all the force and effect of an original violation.
Neither payment by Lessee or receipt by Lessor of a lesser
amount than the Rent herein stipulated shall be deemed to be
other than on account of the earliest stipulated Rent.  Nor
shall any endorsement or statement on any check nor any
letter accompanying any check or payment as Rent be deemed
an accord and satisfaction.  Lessor may accept such check or
payment without prejudice to Lessor's right to recover the
balance of such Rent or pursue any other remedy provided in
this Lease.  This Lease contains the entire agreement
between the parties, and any executory agreement hereafter
made shall be ineffective to change it, modify it or
discharge it, in whole or in part, unless such executory
agreement is in writing and signed by the party against whom
enforcement of the change, modification or discharge is
sought.

ARTICLE 23.  QUIET ENJOYMENT

     Lessor covenants that Lessee, upon paying the Rent set
forth in Article 4 and all other sums herein reserved as
Rent and upon the due performance of all the terms,
covenants, conditions and agreements herein contained on
Lessee's part to be kept and performed, shall have, hold and
enjoy the Leased Premises free from molestation, eviction,
or disturbance by Lessor, or by any other person or persons
lawfully  claiming the same, and that Lessor has good right
to  make this Lease for the full term granted, including
renewal periods.

ARTICLE 24.  BREACH - PAYMENT OF COSTS AND ATTORNEYS' FEES

     Each party agrees to pay and discharge all reasonable
costs, and actual attorneys' fees, including but not limited
to attorney's fees incurred at the trial level and in any
appellate or bankruptcy proceeding, and expenses that shall
be incurred by the prevailing party in enforcing the
covenants, conditions and terms of this Lease or defending
against an alleged breach, including the costs of reletting.
Such costs, attorneys fees, and expenses if incurred by
Lessor shall be considered as Rent as due and owing in
addition to any Rent defined in Article 4 hereof.


ARTICLE 25.  ESTOPPEL CERTIFICATES

     Either party to this Lease will, at any time, upon not
less than ten (10) business days prior request by the other
party, execute, acknowledge and deliver to the requesting
party a statement in writing, executed by an executive
officer of such party, certifying that:  (a) this Lease is
unmodified (or if modified then disclosure of such
modification shall be made); (b) this Lease is in full force
and effect; (c) the date to which the Rent and other charges
have been paid; and (d) to the knowledge of the signer of
such certificate that the other party is not in default in
the performance of any covenant, agreement or condition
contained in this Lease, or if a default does exist,
specifying each such default of which the signer may have
knowledge.  It is intended that any such statement delivered
pursuant to this Article may be relied upon by any
prospective purchaser or mortgagee of the Leased Premises or
any assignee of such mortgagee or a  purchaser of the
leasehold estate.

ARTICLE 26.  FINANCIAL STATEMENTS

     During the term of this Lease, Lessee will, within
ninety (90) days after the end of Lessee's fiscal year,
furnish Lessor with Lessee's financial statements, in SEC
Form 10-K, if  available.  The financial statements shall be
audited, at the Lessee's expense, by a nationally recognized
independent certified public accounting firm reasonably
acceptable to Lessor and shall be prepared in conformity
with generally accepted accounting principles (GAAP).
Lessee shall also provide Lessor with financial statements
for the Leased Premises within 90 days after the end of each
Lease Year.  The financial statements for the Leased
Premises do not need to be prepared by an independent
certified public accountant, but shall be certified as true
and correct by the chief financial officer or other
authorized officer of Lessee.  Additionally, during the term
of the Lease, Lessee will within forty-five (45) days from
the end of each quarter of each fiscal year, furnish Lessor
with Lessee's financial statements in SEC Form 10-Q if
available and financial  statements of the Leased Premises
for such quarter.  Lessor shall have the right to require
such financial statements for the Lessee and the Leased
Premises on a monthly basis after the occurrence of a
default in any Lease Year.  Provided, however, if Lessee
shall not commit a default for twelve consecutive months,
Lessor's right to require such monthly financial statements
shall terminate until Lessee shall again commit a default in
any given Lease Year.  Said quarterly (or monthly, if
required by Lessor) financial statements do not need to be
prepared by an independent certified public accountant, but
shall be certified as true and correct by the chief
financial officer or other authorized officer of Lessee.
The financial statements shall conform to GAAP, and include
a balance sheet and related statements of operations,
statement of cash flows, statement of changes in
shareholder's equity, and related notes to financial
statements, if any.



ARTICLE 27.  MORTGAGE

     Lessee does hereby agree to make reasonable
modifications of this Lease requested by any Mortgagee of
record from time to time, provided such modifications are
not substantial and do not increase any of the Rents or
obligations of Lessee under this Lease or substantially
modify any of the business elements of this Lease.

ARTICLE 28.  OPTION TO RENEW

     If this Lease is not previously canceled or terminated
and if Lessee has materially complied with and performed all
of the covenants and conditions in this Lease after
applicable cure periods and is not currently in default,
then Lessee shall have the option to renew this Lease upon
the same conditions and covenants contained in this Lease
for Two (2) consecutive periods of Five (5) years each
(singularly "Renewal Term").  Rent during each Lease year of
the Renewal Term shall increase by an amount equal to One
and Nine Hundred Twenty Five Thousandths Percent (1.925%) of
the Base Rent payable for the immediately prior Lease Year.

     The first Renewal Term will commence on the day
following the date the original Term expires and the
successive Renewal Term would commence on the day of
following the last day of the then expiring Renewal Term.
Except as otherwise provided in Article 15 hereof, Lessee
must give ninety (90) days written notice to Lessor of its
intent to exercise this option prior to the expiration of
the original Term of this Lease or any Renewal Term, as the
case may be.

ARTICLE 29.  MISCELLANEOUS PROVISIONS

     (A)  All written notices shall be given to Lessor or
Lessee by certified mail or nationally recognized overnight
mail.  Notices to either party shall be addressed to the
person and address given on the first page hereof.  Lessor
and Lessee may, from time to time, change these addresses by
notifying each other of this change in writing.  Notices of
overdue Rent may be sent to Lessee by regular, special
delivery, or nationally recognized overnight mail.

     (B)  The terms, conditions and covenants contained in
this Lease and any riders and plans attached hereto shall
bind and inure to the benefit of Lessor and Lessee and their
respective successors, heirs, legal representatives, and
assigns.

     (C)  This Lease shall be governed by and construed
under the laws of the State where the Leased Premises are
situate.

     (D)  In the event that any provision of this Lease
shall be held invalid or unenforceable, no other provisions
of this Lease shall be affected by such holding, and all of
the remaining provisions of this Lease shall continue in
full force and effect pursuant to the terms hereof.

     (E)  The Article captions are inserted only for
convenience and reference, and are not intended, in any way,
to define, limit, describe the scope, intent, and language
of this Lease or its provisions.

     (F)  In the event Lessee remains in possession of the
Leased Premises herein leased after the expiration of this
Lease and without the execution of a new lease and without
Lessor's written permission, Lessee shall be deemed to be
occupying said premises as a tenant from
month-to-month, subject to all the conditions, provisions,
and obligations of this Lease insofar as the same can be
applicable to a month-to-month tenancy except that the
monthly installment of Rent shall be One Hundred Fifty
percent (150%) the amount due on the last month prior to
such expiration.

     (G)  If any installment of Rent (whether lump sum,
monthly installments, or any other monetary amounts required
by this Lease to be paid by Lessee and deemed to constitute
"Rent" hereunder) shall not be paid when due, or non-
monetary default shall remain uncured after the expiration
of any applicable cure period, Lessor shall have the right
to charge Lessee a late charge of $250.00 per month for each
month that any amount of Rent installment remains unpaid.
Said late charge shall commence after such installment is
due or non-monetary default goes uncured after the
expiration of any applicable cure period and continue until
said installment, interest and all accrued late charges are
paid in full or such non-monetary default is cured.

     (H)  Any part of the Leased Premises may be conveyed by
Lessor for private or public non-exclusive easement purposes
at any time, provided such easement does not interfere with
the access to the Leased Premises, visibility, or operations
of the business of Lessee.  In such event Lessor shall, at
its own cost and expense, restore the remaining portion of
the Leased Premises to the extent necessary to render it
reasonably suitable for the purposes for which it was
leased, all to be done without adjustments in Rent to be
paid by Lessee.  All proceeds from any
conveyance of an easement shall belong solely to Lessor.

     (I)  For the purpose of this Lease, the term "Rent"
shall be defined as Rent under Article 4, and any other
monetary amounts required by this Lease to be paid by
Lessee.

     (J)  Lessee agrees to cooperate with Lessor to allow
Lessor to obtain and use at Lessor's expense promotional
photographs of the Leased Premises, to the extent permitted
by Lessee's franchisor or licensor, if applicable.

ARTICLE 30.  REMEDIES

     NON-EXCLUSIVITY.  Notwithstanding anything contained
herein it is the  intent of the parties that the rights and
remedies contained  herein shall not be exclusive but rather
shall be cumulative along with all of the rights and
remedies of the parties  which they may have at law or
equity.

ARTICLE 31.  HAZARDOUS MATERIALS INDEMNITY

     Lessee covenants, represents and warrants to Lessor,
its successors and assigns, (i) that it has not used or
permitted and will not use or permit the Leased Premises to
be used, whether directly or through contractors, agents or
tenants, and to the best of Lessee's knowledge and except as
disclosed to Lessor in writing, the Leased Premises has not
at any time been used for the generating, transporting,
treating, storage, manufacture, emission of, or disposal of
any dangerous, toxic or hazardous pollutants, chemicals,
wastes or substances as defined in the Federal Comprehensive
Environmental Response Compensation and Liability Act of
1980 ("CERCLA"), the Federal Resource Conservation and
Recovery Act of 1976 ("RCRA"), or any other federal, state
or local environmental laws, statutes, regulations,
requirements and ordinances ("Hazardous Materials")(except
in the ordinary course of business in the operation of the
Leased Premises as a restaurant or other permitted use and
then only in accordance with applicable  federal, state or
local environmental laws, statutes, regulations,
requirements and ordinances; (ii) that to the best of
Lessee's knowledge, there have been no investigations or
reports involving Lessee, or the Leased Premises by any
governmental authority which in any way pertain to Hazardous
Materials; (iii) that to the best of Lessee's knowledge, the
operation of the Leased Premises has not violated and is not
currently violating any federal, state or local law,
regulation, ordinance or requirement governing Hazardous
Materials; (iv) that the Leased Premises is not listed in
the United States Environmental Protection Agency's National
Priorities List of Hazardous Waste Sites nor any other list,
schedule, log, inventory or record of Hazardous Materials or
hazardous waste sites, whether maintained by the United
States Government or any state or local agency; and (v) that
the Leased Premises will not contain any formaldehyde, urea
or asbestos, except as may have been disclosed in writing to
Lessor by Lessee at the time of execution and delivery of
this Lease.  Lessee agrees to indemnify and reimburse
Lessor, its successors and assigns, for:

     (a)  any breach of these representations and
warranties, and

     (b)  any loss, damage, expense or cost arising out of
or incurred by Lessor which is the result of a breach of,
misstatement of or misrepresentation of the above covenants,
representations and warranties, and

     (c)  any and all liability of any kind whatsoever which
Lessor may, for any cause and at any time, sustain or incur
by reason of Hazardous Materials discovered on the Leased
Premises during the term hereof or placed or released on the
Leased Premises by Lessee;

together with all attorneys' fees, costs and disbursements
incurred in connection with the defense of any action
against Lessor arising out of the above.  These covenants,
representations and warranties shall be deemed continuing
covenants, representations and warranties for the benefit of
Lessor, and any successors and assigns of Lessor and shall
survive expiration or sooner termination of this Lease.  The
amount of all such indemnified loss, damage, expense or
cost, shall bear interest thereon at the lesser of 15% or
the highest rate of interest allowed by law and shall become
immediately due and payable in full on demand of Lessor, its
successors and assigns.

ARTICLE 32.  ESCROWS

     Upon a default by Lessee which is uncured after the
expiration of any applicable notice and cure period, or upon
the request of Lessor's Mortgagee, if any, Lessee shall
deposit with Lessor on the first day of each and every
month, an amount equal to one-twelfth (1/12th) of the
estimated annual real estate taxes, assessments and
insurance (if the insurance is to be purchased by Lessor)
("Charges") due on the Leased Premises, or such higher
amounts reasonably determined by Lessor as necessary to
accumulate such amounts to enable Lessor to pay all charges
due and owing at least thirty (30) days prior to the date
such amounts are due and payable.  From time to time out of
such deposits Lessor will, upon the presentation to Lessor
by Lessee of the bills therefor, pay the Charges or at
Lessee's option, will upon presentation of receipted bills
therefor, reimburse Lessee for such payments made by Lessee.
In the event the deposits on hand shall not be sufficient to
pay all of the estimated Charges when the same shall become
due from time to time or the prior payments shall be less
than the currently estimated monthly amounts, then Lessee
shall pay to Lessor on demand any amount necessary to make
up the deficiency.  The excess of any such deposits shall be
credited to subsequent payments to be made for such items.
If a default or an event of default shall occur under the
terms of this Lease, Lessor may, at its option, without
being required so to do, apply any Deposit on hand to cure
the default, in such order and manner as Lessor may elect.

ARTICLE 33.  OPTION TO PURCHASE

     Lessor, for itself, its successors and assigns, hereby
gives and grants to Lessee the exclusive and irrevocable
option (the "Option") to purchase the Leased Premises,
subject to the following terms and conditions:

     (A)  Duration of Option.  The Option and all rights and
privileges of Lessee hereunder shall be in force for the
duration of the Eighth Lease Year only, and must be
exercised (though closing may occur after the end of such
Lease Year) prior to the last day of the Eighth Lease Year.

     (B)  Manner of Exercising Option.  A written notice in
substantially the following form, addressed to Lessor and
signed by Lessee and given, in accordance with the
provisions of Article 29(A) hereof, within the period for
exercising the Option, submitted with a bank cashier's check
or money order payable to the order of Lessor in the amount
of $5,000.00 (the "Deposit") shall be an effective exercise
of the Option, to wit:

                             (date)

"We hereby exercise the Option to purchase the property
commonly known as Timber Lodge Steakhouse, St. Cloud,
Minnesota, pursuant to the option to purchase contained in
that certain Net Lease Agreement between us pertaining to
said premises."

     (C)  Terms of Sale if Option Exercised.  Upon Lessee's
exercise of the Option in accordance with the provisions of
subparagraph (B) hereof, Lessor shall be obligated to sell
and convey by recordable Limited Warranty Deed, good and
marketable title to the Leased Premises subject only to the
matters affecting title of record at the time Lessor
acquired title to the Leased Premises and those matters
which Lessee has suffered, created, or permitted to accrue
during the term hereof, and Lessee shall be obligated to
purchase the Premises upon the following terms and
conditions:

     (i)  Price.  The price "Purchase Price" at which Lessor
shall sell and Lessee shall purchase the Leased Premises
shall be Lessor's acquisition cost as reported in its Form
10K Financial Statement as filed with the Securities and
Exchange Commission, compounded by Five Percent (5%) per
lease year, prorated to the date of closing, plus all
transaction costs including but not limited to attorneys
fees of either party.

     (ii) Closing.  Closing shall be sixty (60) days after
the Option is exercised, unless the parties mutually agree
otherwise.  The Purchase Price less credit for the Deposit
shall be tendered in cash or other certified funds by Lessee
at Closing.

     (iii)     Evidence of Title.  Not less than twenty (20)
days prior to closing, Lessee shall obtain a commitment for
an ALTA owner's policy of title insurance dated within sixty
(60) days of the closing date, issued by a nationally
recognized title insurance company approved by Lessor (the
"Title Company") in the amount of the Purchase Price
determined pursuant to subparagraph (C)(i) above, naming
Lessee as the proposed insured, and covering the fee simple
title to the Leased Premises, and showing Lessor vested with
good title to the Leased Premises subject only to the
matters affecting title which were of record at the time
Lessor acquired title to the Leased Premises and those
matters which Lessee has suffered, created, or permitted to
accrue during the term hereof.  Such title commitment shall
be conclusive evidence of good title.

     (iv) Prorations.  Lessor shall pay the cost of the
aforesaid title policy and any and all state and municipal
taxes imposed by law on the transfer of the title to the
Leased Premises, or the transaction pursuant to which such
transfer occurs.  Water, sewer and other utility charges, if
any, which are not metered, driveway permit charges, if any,
general real estate taxes, and other similar items, shall be
adjusted ratably as of the Closing, except to the extent
otherwise settled between the parties pursuant to other
provisions of this Lease.  No portion of the Base Rent paid
by Lessee shall be credited toward the Purchase Price but
Lessee shall be given a credit for rent prepaid for any
period after the Closing.

     (v)  Escrow Closing.  At the election of Lessor or
Lessee upon notice to the other party not less than five (5)
days prior to the Closing, this sale shall be closed through
an escrow with the Title Company, in accordance with the
general provisions of the usual form of Escrow Agreement
then is use by said company, with such special provisions
inserted in the escrow agreement as may be required to
conform with this agreement.  Upon the creation of such an
escrow, anything herein to the contrary notwithstanding,
paying of the purchase price and delivery of the Act of Sale
shall be made through the escrow.  The cost of the escrow
shall be divided equally between the Lessor and Lessee.  If
for any reason other than Lessee's default, the transaction
fails to close, the Deposit shall be returned to Lessee
forthwith.

     (vi) Remedies on Default.  If Lessee defaults under the
provisions of this subparagraph 33(C) and Lessor not being
default hereunder, Lessor shall have the right to annul the
provisions of this paragraph 33 by giving Lessee notice of
such election, provided that Lessor has first notified
Lessee of such default and Lessee has failed to cure the
same within ten (10) days after such notice.  Upon Lessor's
notice of annulment in accordance herewith, the Deposit
shall be forfeited and paid to Lessor as liquidated damages,
which shall be Lessor's sole and exclusive remedy.  If
Lessor defaults under the provisions of this subparagraph
33(C) and fails to cure such default within ten (10) days
after being notified of the same by Lessee, then in such
event, (i) the Deposit at Lessee's election and immediately
upon its demand shall be returned to Lessee, which return
shall not, however, in any way release or absolve Lessor
from its obligations hereunder and (ii) Lessee shall be
entitled to all remedies (both legal and equitable) the law
(both statutory and decisional) of the state in which the
Leased Premises are situated provides without first having
to tender the balance of the purchase price as a condition
precedent thereof and without having to make any election of
such remedies.

     (D)  Effect of Option on Lease.  If the Option is
exercised, this Lease shall continue in full force and
effect until the Closing hereinabove specified.  If for any
reason not caused by Lessor, such Closing fails to occur,
this Lease shall continue in full force and effect, except
that if the provisions of this paragraph 33 are annulled by
Lessor, in accordance with subparagraph 33(C)(vi), by reason
of a default by Lessee, this Lease shall continue but
without the provisions of this paragraph 33 being a part hereof.

ARTICLE 34.  NET LEASE

     Notwithstanding anything contained herein to the
contrary it is the intent of the parties hereto that this
Lease shall be a net lease and that the Rent defined
pursuant to Article 4 should be a net Rent paid to Lessor.
Any and all other expenses including but not limited to,
Leased Premises related maintenance, repair, insurance, 
taxes, and assessments, shall be paid by Lessee.

     IN WITNESS WHEREOF, Lessor and Lessee have respectively
signed and sealed this Lease as of the day and year first
above written.


                       LESSEE:  TIMBER LODGE STEAKHOUSE,INC.


                       By: /s/ William J Birmingham
                              Its: Chief Financial Officer

STATE OF            )
                    )SS.
COUNTY OF           )

     The foregoing instrument was acknowledged before me
this 18th day of November, 1997, by William J Birmingham, as
CFO of Timber Lodge Steakhouse, Inc. on behalf of said
corporation.


                  /s/ Barbara J Kochevar
                      Notary Public


[notary seal]

                  LESSOR:   AEI REAL ESTATE FUND XV LIMITED
                            PARTNERSHIP, a Delaware limited partnership

                            By: AEI FUND MANAGEMENT 86-A, INC., a
                            Minnesota corporation


                            By: /s/ Robert P Johnson
                                    Robert P. Johnson, President
   

STATE OF MINNESOTA  )
                              )SS.
COUNTY OF RAMSEY    )

     The foregoing instrument was acknowledged before me the
18th day of November, 1997, by Robert P. Johnson, the
President of AEI Fund Management 86-A, Inc., a Minnesota
corporation, corporate general partner of AEI Real Estate
Fund XV Limited Partnership, on behalf of said limited
partnership.

                         /s/ Barbara J Kochevar
                              Notary Public


[notary seal]

                  LESSOR:   AEI REAL ESTATE FUND XVII LIMITED
                            PARTNERSHIP, a Minnesota limited
                            partnership

                            By: AEI FUND MANAGEMENT XVII, INC., a
                            Minnesota corporation


                            By: /s/ Robert P Johnson
                                    Robert P. Johnson, President



STATE OF MINNESOTA  )
                              )SS.
COUNTY OF RAMSEY    )

     The foregoing instrument was acknowledged before me the
18th day of November, 1997, by Robert P. Johnson, the
President of AEI Fund Management XVII, Inc., a Minnesota
corporation, corporate general partner of AEI Real Estate
Fund XVII Limited Partnership, on behalf of said limited
partnership.

                              /s/ Barbara J Kochevar
                                  Notary Public


[notary seal]


                 LESSOR:   AEI INSTITUTIONAL NET LEASE FUND '93
                           LIMITED PARTNERSHIP, a Minnesota limited
                           partnership

                           By: AEI FUND MANAGEMENT XVIII, INC., a
                           Minnesota corporation


                           By: /s/ Robert P Johnson
                                   Robert P. Johnson, President

STATE OF MINNESOTA  )
                              )SS.
COUNTY OF RAMSEY    )

     The foregoing instrument was acknowledged before me the
18th day of November, 1997, by Robert P. Johnson, the
President of AEI Fund Management XVIII, Inc., a Minnesota
corporation, corporate general partner of AEI Institutional
Net Lease Fund '93 Limited Partnership, on behalf of said
limited partnership.

                           /s/ Barbara J Kochevar
                               Notary Public


[notary seal]






                         Exhibit "A"



This part of Lot Two (2), Block One (1) Fishcher Addition, a
duly recorded plat in the office of the County
Recorder/Registrar of Titles in Stearns County, Minnesota,
lying North of a line drawn parallel with and 327.20 feet
Southerly of, as measured at right angles to, the most
Northerly line of said Lot Two (2); together with the rights
of ingress, egress, utilities easements and such other
rights which constitute an interest in real property as
created in that certain Easement and Maintenance Agreement
dated Dec. 10. 1996 filed of record Dec. 13, 1996 as
Document No. 835857.



                         Exhibit "B"



None