201401919 - Laserfiche WebLink

Browse

Mark E Miller Anna M Miller STATE OF NEBRASKA )ss COUNTY OF HALL (SEAL) My commission expires March 21, 2018 INDIVIDUAL BORROWER ACKNOWLEDGMENT Echo A. Alcorn 201 401 91 9 15. Assignment of Rents including Proceeds of Mineral Leases. Trustor(s) hereby assigns, transfers, and conveys to Beneficiary all rents, royalties, bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal resources now existing or that may hereafter come into existence, covering the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn over and deliver to Trustor(s) or their successors in interest, any or all of such sums without prejudice to any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the property. Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will become inoperative and of no further force and effect. 16. This Trust Deed constitutes a Security Agreement with respect to all the property des •ed herein. 17. The covenants contained in this Trust Deed will be deemed to be severable; in ► - even that - y portion of this Trust Deed is determined to be void or unenforceable, that determi -tion will not . ect the validity of the remaining portions of the Trust Deed. On this 1st day of April, 2014 before me, a Notary Public, personally appeared Mark E. Miller and Anna M. Miller, husband and wife to me known to be the person(s) named in and who executed the foregoing instrument, and acknowledged that they executed the same as their voluntary act and deed. (Type name under signature) Notary Public in and for said County and State App #: 5241047; CIF #: 142046; Note #: 203 202EA Legal Doc. Date: April 1, 2014 FORM 5011, Trust Deed and Assignment of Rents Page 5 of 5