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<br />ASSIGNMENT OF RENTS
<br />Loan No: 101249944 (Continued) Page 5
<br />deal with Grantor's successors with reference to this Assignment and the Indebtedness by way of forbearance or
<br />extension without releesing Grantor from the obligetions of this Assignment or Bebility under the Indebtedness.
<br />Tlme is of the Essence. Time is of the essence in the performance of this Assignment.
<br />Waiver of Homestead Exemptlon. Grantor hereby releases end waives all rights and benefits of the homestead
<br />exemption laws of the Stete of Nebraska as to ell Indebtedness secured by this Assignment.
<br />Waiver of Right of Redemption. NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY
<br />CONTAINED IN THIS ASSIGNMENT, GRANTOR HEREBY WAIVES ANY AND ALL RIGHTS OF REDEMPTION FROM
<br />SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSURE ON GRANTOR'S BEHALF AND ON BEHALF OF
<br />EACH AND EVERY PERSON, EXCEPT JUDGMENT CREDITORS OF GRANTOR, ACQUIRING ANY INTEREST IN OR
<br />TITLE TO THE PROPERTY SUBSEnUENT TO THE DATE OF THIS ASSIGNMENT.
<br />DEFINITIONS. The following capitaUzed words and terms shall have the following meanings when used in this
<br />Assignment. Unless speciflcally stated to the contrary, all references to dollar amounts shall mean amounts in lawful
<br />money of the United States af America. Words and terms used in the singular shall include the plural, and the plural
<br />shall include the singuler, as the context may require. Words and terms not othervvise defined in this Assignment shall
<br />have the meanings ettributed to such terms in the Uniform Commercial Code:
<br />Assignment. The word °Assignment" means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may
<br />be amended or modified from time to time, together with ell exhibits and schedules attached to this ASSIGNMENT
<br />OF RENTS from time to time.
<br />Borrower. The word "Borrower" means JACULYN J GAREY REVOC TRUST.
<br />Default. The wo�d "Defeult" means the Default set forth in this Assignment in the section titled °Default°.
<br />Event of Default. The words "Event of Defeult" mean any of the events of default set forth in thia Assignment in
<br />the default section of this Assignment.
<br />Grantor. The word "Grantor" means JACULYN J GAREY REVOC TRUST.
<br />Quararrty. The word "Guarenty" means the gueranty from guarantor, endorser, surety, or accommodetion party to
<br />Lender, including without limitatlon a guaranty of all or part of the Note.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, end other emounts, costs and expenses
<br />payeble under the Note or Related Documents, together with all renewels of, eztensions of, modificetions of,
<br />consolidations of end substitutfons for the Note or Related Documents end any amou�ts expended or edvanced by
<br />Lender to discharge Grantor's obligetions or expenses incurred by Lende"r fo enfo�ce Grantor's obligations under
<br />this Assignment, together with interest on such emounts as provided ln this Assignment. Specificelly, without
<br />limitation, Indebtedness includes the future advances set forth in the Future Advances provision of this
<br />Assignment, together with all interest thereon.
<br />Lender. The word "Lender" means Five Points Bank, its successors and assigns.
<br />Note. The word "Note° means the promissory note dated Merch 20, 2012 in the original principal amount
<br />of $109 ,287.26 from Grentor to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, end substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all of Grentor's right, title and interest in and to all the Property as
<br />described in the "Assignment" section of this Assignment.
<br />Releted Documents. The words "Related Documents" mean all promissory notes, credit egreements, loan
<br />agreements, enviranmental agreements, guaranties, security agreements, mortgeges, deeds of trust, security
<br />deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all of Grantor's present and future rights, title end interest in, to and under any
<br />and all present and future leases, including, without Iimitetion, all rents, revenue, income, issues, royalties,
<br />bonuses, accounts receivable, cash or security deposits, advence rentals, profits and proceeds from the Property,
<br />and other peyments and benefita derived or to be derived from such leases of every kind end nature, whether due
<br />now or later, including without limitation Grantor's right to enforce such teases and to receive end collect payment
<br />and proceeds thereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS
<br />DOCUMENT IS EXECUTED ON MARCH 20, 2012.
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