|
- rn
<br /> � m � � �
<br /> 1�7 � rn� � � �
<br /> o = �� � c� Q m I�] rn
<br /> cn � �o � � C� p o
<br /> � � �n � m �� C C�n
<br /> � - _ �� � � �m � �
<br /> cr G�� Q pa �]
<br /> � �� � s �� � �
<br /> �
<br /> � rn c D � y C�r] C3� �
<br /> - �� � �
<br /> � r
<br /> - �a a r rn
<br /> o rr' � U] �
<br /> 00 � � �
<br /> C� �
<br /> �
<br /> 'V11'HEN REC�RDED MAiL T�:
<br /> First Nationai Bank of�rnaha
<br /> granch#07Q -Grand Island Branch
<br /> S'1� AIlen Dr
<br /> Grand Islandt_NE fi S 8 U 3 FaR REC�RDER'S USE C�NLY
<br /> .....---------._„_._,-,_,__..---. ,_:...,:....,.:.:_,,,- �.._�,,...�........�—,.,.�.��,_,.�._..�. ,—._.„�.. .,—..,_.�..�.,�
<br /> FI r �
<br /> ,st Nc�t�
<br /> �r�� �n
<br /> � 5s�aa����o�5�
<br /> ►45S�GN M ENT C]F REiVTS
<br /> TH�S AS�IGNII�ENT �]F RE�ITS da�ed Sept�mher 1�, 2�'I5, is made and ex�cuted between
<br /> Rayrr�and J. �'Cannar and Jennifer S. �'�ann�r; Husband and 'lllfi�� �referred fo belov�r as
<br /> "�rantar""} and FErst Nat�anal Bank vf�maha, v�rho�e address is 8�1 D A�len Dr, Grand lsland, NE
<br /> ��$0� �referred to be�aw as "L��d�r"�,
<br /> ASSIGNiV�ENT. For valuab�e consideratior�, Granfior h�reby assigns, g�ants a can�inuing securi�y
<br /> in�eres� in, and con�eys �� �.ender aE� af Cran�or's r�gh�, ti�tte, and in�erest in and �a �he Rents
<br /> fs-vm the fol�v►rving descrihed P�aper�y I��a�ed ir� H�1� �oun�y Caunfy, Sfia�e of Nebraska:
<br /> Lvt Twv �2}, 1V�ar�in's Third SubdEvisian in the City of Grand lsland, Ha[1 �nun�y, Nebraska
<br /> The PrQperty �r it$ address is commonEy kn�wn as ��1 Wilmar Arrenue, Grand lslan�, �VE
<br /> ��VOVr
<br /> THIS ASSI�Nl1AENT IS G1VEh[TD SECURE �'I} PAYIVIENT DF T'HE �NDEBTEDNESS AND ��� PERFDRMANGE�F AN1�
<br /> ANQ ALL �BLI�ATIDIVS �F CRANT�R UIVDER THIE N�TE� TH1S A55IGNIIJiENT, AND YH1E REL►4TiED D�CUMEMTS.
<br /> YH�S ASSIGNMENT IS�IVEN AN❑►4GGEPTED DN�HE F�LL[�WINC T�RMS:
<br /> PAYNlENT AND PERF�RIIA�NCE. Except as vtherwise pro�ided in thi�Assignmen�or any Related Dacuments, Grantor
<br /> shall pay ta Lender all amounts secured by �his Assignrnent as they becarne due, and shalf stric'�ly perfarm a11 0�
<br /> Grantar'�ab�iga�ions under#his Assignm�nt. Unless and un�i�Lender e�ercises�ts right to collect the Rents as pro�ided
<br /> belavtir and so long as there is na de�auf�under�his Assignment, �rantor may remain in pnss�ssian and c4ntra! af and
<br /> vperate and manage th�Property and callect the Ren�s,prov�ded that the granting of the righ�f�collect�he Rents shali
<br /> nat constitute Len�er's consent to the use of cash collateral in a bankrupt�y proceeding.
<br /> �RANT�R'S REPRESENTATIQNS AN D'WARRANT�ES. Grantor warrants that:
<br /> �wnership. Grantar is entitled to recei�e the Rents free and clear Qf a�l rights, lQans, �iens, en�umbrances, and
<br /> claims ex�ept as disc�vsed to and accepted by Lender in writing.
<br /> R'rghf ta Assi�n. Grant�r has the fu[I right, power and authority ta enter inta�his Assignment ar�d to assign and
<br /> �vnvey the F�ents to L�nder.
<br /> Na Priar Assignm�nt. Gran�or has n�t pr�Wiausfy assigned or con�eyed t�e Rents ta any o�her person hy any
<br /> instrument now in€orcee
<br /> No Further Transfer. Grantor wilE n�t sel�,assign,en�umber,ar otherwise dispase of any of Granta�~'s rights�n the
<br /> Ren��excep��s pro�ided 6n this Ass�gnment.
<br /> LENI]ER"5 R1GHT TQ f�ECENE AIV� ��LLECT RENTS. Lender sha[[ have �he righ� a� any time, and eWen though no
<br /> defauf�shafl have vccurred under this Assignment,�❑ �nl��c�and re�eiv�the Rents. F�r this pu�pvse,Lender is herehy
<br /> gi�en and�ranted�he i�ilowing rights, powers and authvri�y:
<br /> No�ice to Tenants. Lende�- may send na�i�es ta an}� and all tenants af the Prope�ty ad�is�ng them vf this
<br /> Assignment and direc��ng ali RentS#o be paid direct�y�o �end�r vr Lender's agent.
<br /> Enter the Rraperty. Lender may enter upan and take possessivn of�h� Prvperty;demand, co[lect and recei�e frarn
<br /> th�tenants or��-om any ather p�rsons ��able th�refor, alf o�the Rents; institute and carry an aIl lega! pro�eedings
<br /> necessary far the prQtection af the Prope�ty, including such proce�dings a� may be neeessary to recav�r
<br /> p�55eS5�on of the P�operty;collect the R�nts and rem��e any tenant or tenants ar�ther p�rsons f�om#he Prvperty.
<br /> ll�aintaira#he Proper�y. Lender may enter upon#he F'�oper�y ta r�naintain �he Prape�ky and keep the same in rapair;
<br /> �a pay the costs#hereo�and af a�l services af afl emplayees, �n�luding their equipment,and ��r afl con�inu�ng costs
<br /> and�xpenses❑f maintaining the Prapert}�zn�r�p�r r�pair and c�nditian,and also ta pay a�l�axes, assessments and
<br /> �ra�er u�ilities,and�he premiums❑n f;r�and ather�nsurance��fected by L�nder❑n the Property.
<br /> �omplian��wi�h �aws. L�nder may do any and a!I things to ��€ecute and cvmpfy with the faws of the State of
<br />
|