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201304117
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Last modified
8/19/2014 2:23:07 PM
Creation date
5/24/2013 8:10:24 AM
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201304117
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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell <br />Grand Island. NE 68803 <br />z <br />in <br />1 <br />FIvE POINTS BANK <br />111111 I!!u Illl I!!II IIII IIIII IIIII luu illll luu ulll IIIII IIIII 11111 IIIII hill IIIII 11111 lull IIIII 1111111111 IIIII IIIII IIIII Illu <br />* 000000000101265718011505232013* <br />llullllIl <br />FOR RECORDER'S USE ONLY <br />111111 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated May 23, 2013, is made and executed between BTW <br />PROPERTIES INC; A NEBRASKA CORPORATION (referred to below as "Grantor ") and Five <br />Points Bank, whose address is 2015 North Broadwell, Grand Island, NE 68803 (referred to <br />below as "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 ONE (1), COMMERCIAL INDUSTRIAL PARK FOURTH SUBDIVISION, IN THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 2705 W. HWY 30, GRAND ISLAND, NE. <br />CROSS - COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, <br />plus interest thereon, of either Grantor or Borrower to Lender, or any one or more of them, as well as all claims by <br />Lender against Borrower and Grantor or any one or more of them, whether now existing or hereafter arising, whether <br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or <br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor <br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or <br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of <br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise <br />unenforceable. <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower <br />or Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this <br />Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may <br />loan to Borrower or Grantor, together with all interest thereon. <br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY <br />rn <br />rn <br />rn <br />
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