|
��14�15�3
<br /> ASSIGNMENT DF RENTS
<br /> Lvan Nv: ��'i Z7437� �C�ntlnued} Pag� � �
<br /> lndebtedness. The w�rd "lndebtedn�ss" means all principal, interest, and ❑ther amoun�s, costs and expenses
<br /> payable under the Nate� or Rela�ed ❑vcumen�s, toge�her w�th all renewals ❑�f, ex�ensions af, madifications ❑�F,
<br /> cansvlida�ivns ❑�F and substitu�ivns -�or the Nate ❑r Re�ated ❑v�uments and any amaun�s expended ar ad�anced by
<br /> Lender �❑ d�scharge Gran�ar's obligat�ons ar expenses incurred by Lender t� enforce Gran�or's obIigattons under
<br /> this Assignment, together with interest on such amaunts as pra�ided in �his Assighmen�. Specifi�ally, wi�hout
<br /> limifia�ian, Indebtedness includes the fiu�ure ad�ances se�farth in the Fu�ure Advances pro�ision, toge�her with aIf
<br /> in�eres� �herean and aI� amaunts that may he indir-ec�ly secured by the Cross--Co��a�erali�afiivn pro�ision of this '
<br /> Assignment.
<br /> Lender. The wvrd "Lender" means•Fi�e Points Bank, its successors and assigns.
<br /> �
<br /> No�e. The ward "Note" means the promissvey note da�ed March �S, 2D�4, in th� arig[nal principal amvunt
<br /> vf $72�,449.�$ �rom Barrawer �❑ Lender, together wi�h a�[ renewals ❑�, ex�t�nsians ❑f, madifications of,
<br /> refinancings of, cvnsolida�kions ❑f, and substi�utions�ar the prom�ssory no�e❑r a�reement.
<br /> Property, The word "Praperty" means all �f Grantar's right, �i�le and interes� in and fio all the Prvperty as
<br /> described in�he "Assignment" section❑f�his Assignmen�t,
<br /> Re�a�ed Documen�s. The words "Rela�ed ❑ocuments" mean all pram�ssary notes, credi� agreements, laan
<br /> agreements, en�ironmental ag�eements, guaranties, security agreements, mor�gages, deeds ofi �rust, securi�y
<br /> deeds, co��a�eral martgages, and all other �ns�ruments, agre�ments and documents, whether now or herea-�ker �
<br /> exis�ing, executed in connec�ion wi�h th��ndebtedness. �
<br /> Ren�s. The word "Ren�s" means all o� Gran�vr's p�esen� and future righfis, fiitIe and in�erest in, �❑ and under any
<br /> and a�f presen� and tu�ure l�ases, in�Iuding, without limitation, all renfis, re�enue, income, i55LiG'S, royalties,
<br /> bonuses, accounts receiWable, cash ar securi�y deposits, adWance ren�als, pro-���s and proceeds from the Proper�y,
<br /> and vfiher paymen-�s arid benefi�s deri�ed or fi❑ be deri�ed from such leases af e�ery kind and nafiure, whether due
<br /> now o�-la�er, including withou�limitation Gran�or's right�❑ enforce such �eases and ta recei�e and coilec�payment
<br /> and praceeds�khereund�r. ,
<br /> THE UNDERSEGNED ACI�NDVIILEDGES HAVING FiEAD ALL THE PR�V151�N5 aF TH15 A551GNMENT, AND NDT �
<br /> PERS�NALLY BIJT AS AN AUTH�RIZED SIGNER, HAS CAUSE❑ THiS AS5IGNMENT TD BE 51GNED AND E�ECUTED
<br /> ON BEHALF�F GRANT�R �N NIARGH '�8, ��'�4.
<br /> GRANT�R:
<br /> .�
<br /> D�gESH FARMSr [NC. �
<br /> ::�::: .
<br /> B
<br /> Y=
<br /> ......... . - --��---...... --- . .- .. ..--- �- ----...
<br /> M AEL L D ESH,Presiden�of DD E H F RMS, � C. �
<br />
|