|
m
<br /> � � N � �
<br /> mm o D m
<br /> �'o � n� ��cn nm N m
<br /> u, �o m � �� p 0
<br /> � � �c� Q � Z �z Ul �
<br /> � ZD � � O —
<br /> � — �� 0 � �� � �
<br /> �
<br /> � m� o � D� p�p c
<br /> � W� � � �� �
<br /> o�m � � Z
<br /> p� � � �
<br /> Cfl Z
<br /> O
<br /> WHEN RECORDED MAIL TO:
<br /> Pinnacle Bank- KMN
<br /> HASTINGS OFFICE
<br /> 530 N BURLINGTON AVE
<br /> PO BOX 2178
<br /> HASTINGS, NE 68901 FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS dated June 8, 2015, is made and executed between DINSY,
<br /> L.L.C., a Nebraska Limited Liability Company, whose address is 1919 W. LAMAR, GRAND
<br /> ISLAND, NE 68803 (referred to below as "Grantor") and Pinnacle Bank - KMN, whose address
<br /> is 530 N BURLINGTON AVE, PO BOX 2178, HASTINGS, NE 68901 (referred to below as
<br /> "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 /> PARCEL 1: LOT ONE (1), DINSDALE SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA
<br /> PARCEL 2: LOT TWO (2), DINSDALE SUBDIVISION IN THE CITY OF GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA
<br /> PARCEL 3: LOT THREE (3), HOME FEDERAL SUBDIVISION IN THE CITY OF GRAND
<br /> ISLAND, HALL COUNTY, NEBRASKA
<br /> The Property or its address is commonly known as 1706 S. WEBB RD. & 3312 STOLLEY
<br /> PARK RD. & 3333 STOLLEY PARK RD., GRAND ISLAND, NE 68801. The Property tax
<br /> identification number is 400150654, 400150646, & 400061082.
<br /> CROSS-COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br /> plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor
<br /> or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br /> the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br /> absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others,
<br /> whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br /> 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 /> FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor
<br /> whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br /> secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br /> Grantor, together with allinterestthereon.
<br /> THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br /> AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br /> THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br /> shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br /> Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br /> below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br /> operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall
<br /> not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br /> GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br /> Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and
<br /> claims except as disclosed to and accepted by Lender in writing.
<br /> Right to Assign_ Grantor has the full right, power and authority to enter into this Assignment and to assign and
<br /> conveythe Rentsto Lender.
<br /> No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br /> instrument now in force.
<br /> No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the
<br /> Rents except as provided in this Assignment.
<br /> LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no
<br /> default shall have occurred under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby
<br />
|