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ASSIGNMENT OF RENTS 2 012 0 5 71 �
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<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. Speciflcaliy, without
<br />limitation, Indebtedness includes the future advances set forth in the Future Advances provision, together with ali
<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 Exchange Bank, its successors and assigns.
<br />Note. The word "Note° means the promissory note dated July 10, 2012 in the original principal amount
<br />of $1 ,250,000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings ot, consolidations of, and substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all ot Grantor's right, title and interest in and to all the Property as
<br />described in the °Assignment" section of this Assignment.
<br />Related Documer�ts. 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, coliateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rerrts. The word "Rents" means all of Grentor's present and future rights, title and interest in, to and under any
<br />and alt 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 trom 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 proceeds thereunder.
<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 JULY 10, 2012.
<br />GRANTOR:
<br />FRANC g[1PLEX LLC ^
<br />By: �� ' � .
<br />Willtam A. Fran s anager of FRA LEX LLC
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