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<br />WREN RCCORDi!;) l\IIAII IO:
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<br />Recording Requested by &
<br />When Recorded Return To:
<br />US Recordings, Inc.
<br />2925 Country Drive Ste 201
<br />S1. Paul, MN 55117
<br />a\CP\I~r13
<br />~75 i7-oS~-+--
<br />THIS ASSIGNMENT OF RENTS dated August 31, 2005, is made and executed between VerMaas land
<br />Company, limited liability Company, a Nebraska limited liability Company whose address is 3820 VerMaas
<br />Place Suite 1200. lincoln, NE 68512; (referred to below as "Grantor") and Wells Fargo Bank, National
<br />Association, whose address is 1248 '0' Street, lincoln, NE 68508 (referred to below as "lender").
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />
<br />36. .So
<br />
<br />200055994544000090
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />ASSIGNMENT. For valuable consideration. Grantor hereby assigns. grants a continuing security interest in. and
<br />
<br />conveys to lender all of Grantor's right. title, and interest in and to the Rents from the following described
<br />
<br />Property located in Hall County. State of Nebraska:
<br />
<br />lot 7, 8, 9, Block 26, Wood river Original town. Hall County, Nebraska
<br />
<br />The Property or its address is commonly known as 115 West 9th, Woodriver, NE 68883.
<br />
<br />CROSS-COllATERALlZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Grantor to lender, or anyone or more of them, as well as all claims by lender against Grantor or anyone or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Grantor may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND All
<br />OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOllOWING TERMS:
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to lender
<br />all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment.
<br />Unless and until lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment,
<br />Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of
<br />the right to collect the Rents shall not constitute lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as
<br />disclosed to and accepted by lender in writing.
<br />
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to
<br />lender.
<br />
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.
<br />
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as
<br />provided in this Assignment.
<br />
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