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r <br />n C/) <br />- r- C D <br />t' Z --I <br />M o rn <br />N~ G rl?l m ` co <br />o I~ <br />a~ to Z~, ~ , rn z <br />M D cue ~ <br />4 U) <br />-4 'i N <br />00 G o <br />co <br />U) <br />15 <br />201202778 <br />WHEN RECORDED MAIL TO: <br />U.S. BANK N.A. <br />9918 Hlbert Street, Second Floor n f3 <br />San Diego. CA 92131-1018 FOR RECORDER'S USE ONLY ' <br />3' <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated April 4, 2012, is made and executed between <br />KTDoubleMD, LLC, a Colorado Limited Liability Company, whose address is 5303 Spine Rd. <br />Ste. 101, Boulder, CO 80301 (referred to below as "Grantor") and U.S. BANK N.A., whose <br />address is 9918 Hibert Street, Second Floor, San Diego, CA 92131-1018 (referred to below as <br />"Lender"). <br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security <br />interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents <br />from the following described Property located in Hall County, State of Nebraska: <br />LOT 7 AND LOT 8, BLOCK 114, RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />The Property or its address is commonly known as 802, 812 and 812 1 /2 W. 2nd St., Grand <br />Island, NE 68801. The Property tax identification number is 400081601, 400081628 & <br />400287234. <br />THIS ASSIGNMENT IS GIVEN TO SECURE 11) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY <br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. <br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor <br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of <br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided <br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and <br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall <br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. <br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: <br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and <br />claims except as disclosed to and accepted by Lender in writing. <br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and <br />convey the Rents to Lender. <br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any <br />instrument now in force. <br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the <br />Rents except as provided in this Assignment. <br />Q <br />