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<br /> ,�. � s�' 97-- �10�'7'7 N : E:-
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<br /> �"""''� NORWEST BAIVK NEBRASKA,NATIONAL ASSOCIAT/ON ASSIGNMENT OF
<br /> LEASF.S AND RENT
<br /> ..''�'"�:`.�Y.�F �enNres --
<br /> , � _... -
<br /> ;
<br />_' , . �• //�o _
<br /> �` This Assignmen[,made this_ 16 day of December , 19 97 by and ''-
<br /> ` bet►areen Timothy C Plate. a ainRle ��rson _ F'
<br />_ '' f"Aasignor'J,and NORWEST BANK NEBRASKA,NATIONAL ASSUC/AT/ON f'AssJBnee'1. �°��-__
<br /> ' W I TNESSETH: �,�-
<br /> :':
<br /> • ' /f!s agreed ss/o/lows:
<br /> .. � .
<br /> 1. Delinitions. As used!n thls Agreement: F
<br /> t''"_
<br /> � 'A. "Mortgage"shal/mean that certaln Deed of Ti•ust !n the princiral sum
<br />- o�,� 150 000.00 dated necember 16 � �g 97 �
<br /> executed by Tin►athy.C. Plate, a sinRle peraoz� ,as Tiustor,io NORWEST BANK
<br /> NEBRASKA,NAT/ONAL ASSOCIATION,as Benellciary,upon the real esta[e and/mprovements
<br /> ' �i • described!n Exhrblt "A';which ls,�t�dRldf4e�d and by thls relerence inco�porated hereln.
<br /> pr.ovided below
<br /> � � B. "Note"shall mean that certarn note secured Gy the S �5�,on0.00
<br />'� � Deed of Tiust,executed contemporaneousty therewith by Timot C. Plate, a si.ngle
<br />_, ., ., n�raon es maker,and NORWEST BANK NEBRASKA,
<br /> NATIONAL ASSQClAT/ON,as payee,and secured by the Deed af Trust. '
<br />'� ` C "Loan"as herelnafter used,shaN mean the loan in the amount o! �150.000.00
<br /> . _as evldencnd by the noto and secured by the Deed ot Trus[,as we/!as any other
<br /> , securing instruments.
<br />_ � � � NOW, THEREFORE,tor and in consideration of the makfng and tunding o/sald Loan,and for
<br /> r other good and valusb/e conside�adon,the receipt whereof is hereby acknow/edged,Ass/gnor,lor Itsel�,
<br />�•�.:• _� � its successors,personal representatives,heirs and assigns,hes Gargained,sold,translerred,asslgned,
<br />-�'���� "''� conveyad,set overand delivered,and by these prese�irs does hereby bargaln,sell, tr�r�s�er,assign,and r
<br /> ;_..,.
<br />- convey as securlty!or the repayment of tl�e aGove described lndebtedness and tl►e payment and per• �
<br /> . ' Inrmence of all of the terms and condrtions o/[he Note and Mortgage evidencing the samo,and any {
<br />- and all amendments,extenslons and renewals thereol,al/leases now or hereal�er executed at/ectrng
<br /> _ � � the Martgaged Premises,and all rents,issues,prolits and incane and sums ol money whlch may naw
<br />- ,. ''- or hereafter be or becarne due and owing under and by virtue of said leases;!t being�he lntention
<br /> = hereby to estab/rsh a complete trans/er and assignment of tHe leases herel�y assigned and a!/the avails _,
<br /> � thereunder unto the Asslgnee,its successors and assigns, togethe�with the rig/u,but without the "
<br />- � oG/igation,ro col%cf alI ol the said rents,issues,prolits and income arising or occruing,or which may
<br />. � become duo at any time durJi�9 the life o/this Assignmcnt.Assrgnor IurNrer agrees,upon demand �;
<br />_ thereol, to delrver to and deposit said leases with Assignee, s :•
<br /> �'-_
<br />� Asslgn�r hereby designates,constitrites and eppoints Assignee, its successors nnd assipns, wifh
<br /> lu//power o/substitutron,its true und Inwiul attornoy wllh power tor it and in!ts nnme,placo and
<br /> stead,lor in the name o/Assignee,to esk,demand,collect,receive,receipt and grve(u!I and co►n-
<br />` plete acquittances/or any end all rents,issues,profits and incomv hereby assigned which may become
<br /> due and payeGle by lessevs or othQr oc.cupents ol tl�e Mortgaged Premises;and at its discretion to file
<br /> � an y claim or take any other actron or proceeding to make eny sett/ement ot any clabii,either in its -
<br /> own name or!n the name ol Assrgnor,or otherwise, which the Assrgnee,vr any successor may deem
<br />_. ! desirable rn order to collect and enforce thQ payment of any and a!l ronts,issues,proflts and income
<br /> � herein assigned. The lessees and occupants ol tl�e Mortgaged Premises,ar any par�lferenf,ere hereGy
<br /> � expressly authorized and directed to pay alI rerits and suins lrervrn assigned wliich would be payable
<br />� � to Assignor,except for rhis Assignmertt,fo the Assignee,and to transmit and deliver such payment
<br /> . ,......:. a�:.,.,�..,:..
<br />' '___._ . � ._ .L_ A__'_'_�� __�.._L.��..�:.. �hn�i .�.✓i1:.�.. .Jw/:..n.w�./�.. .....J����:..�J L..�'".L - . .
<br /> -�-- .'.� . • IV IfIQ MJJlr/IfGQ V/ JV4f//IV//Irl�u��a�r r• r�rvr �...r.�rw��. .�� ����a�rry�v��rv�.�ov�V aIIV IQ4QIYQV Mr JV4f1 —. -.
<br /> � lessee or occupant,who is ex,�ressly relieved of any and aJl duty,liabrlit y or obliya�io��to the
<br /> _ � Assignor in respect o/al!payments s�made. „
<br /> _ i
<br /> � Assignee sirall Ge,and hereby is, vested with l�ilJ power to use a!1 such nreasures, IQ,qal and
<br /> - � oquitabla,as in its discretion may be deemed necessary or proper to enforce this Agreement anci I
<br /> � ro collect the renrs,issues,profits and income assigned hereunder,including the riyhf to enfer upon
<br /> - , tlie premises and ro cake possession the.eof,and Assignor hereby grants 1ul/power and authority
<br />- � to the A�signee to exercise aN rights,privileges and powers herein granted��t a�ry and aN times here-
<br /> _ � �/ter,wirhour norice ro Assig�for, �vith fu!/poM�r tn use aad app/y a!(at tlre rents,issues,prvlrts ancl
<br /> - �� income hcrein assigned ro the payrnents of any rndt�btec/ness or liabi/iry of thn Assignvr ro the �
<br /> AssigneQ,in such�rder as Assignee may determine.
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