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20�20325�
<br />ASSIGNMENT OF RENTS
<br />Loan No: 101251957 (Continued) Page 6
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br />payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under
<br />this Assignment, together with interest on such amounts as provided in this Assignment. Specifically, without
<br />limitation, Indebtedness includes the future advances set forth in the Future Advances provision, together with all
<br />interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this
<br />Assignment.
<br />Lender. The word "Lender" means Five Points Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated April 17, 2012 in the original principal amount
<br />Of $300,472.50 from Borrower to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as
<br />described in the "Assignment" section of this Assignment.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, 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 and interest in, to and under any
<br />and all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties,
<br />bonuses, accounts receivable, cash or security deposits, advance rentals, profits and proceeds from the Property,
<br />and other payments and benefits derived or to be derived from such leases of every kind and nature, whether due
<br />now or later, including without limitation Grantor's right to enforce such leases and to receive and collect payment
<br />and proceedsthereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT
<br />PERSONALLY BUT AS AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED
<br />ON BEHALF OF GRANTOR ON APRIL 77, 2012.
<br />GRANTOR:
<br />DEGEN COMPANY, A GENERA A��RSHIP
<br />BY. ', � �
<br />MA A DEGEN, enerel Pa of DEGEN COMPANY. A
<br />GENERAL TNERSHIP
<br />J. DEG�N �TEST�IMF�I�ARY TRUST, General Partner of DEGEN
<br />. A GEN�I�A PAR�'NE�� IP
<br />By: � Vi� � ;'
<br />WILLIAM EGE , O-TRUSTEE of WILLIAM J. DEGEN
<br />TESTAMEN RY T ST
<br />_ _ __ __ _ _ _ _ _. _... _
<br />_ _ _ ___ _ ___._ ___.
<br />By: ; 0�"
<br />NA Y R. NERG N, CO-TRUST of WIL M J. DEGEN
<br />TESTAMENT TRUST
<br />
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