|
WHEN RECORDED MAIL
<br />TO:A,TTN NE 2
<br />U.S. Bank National Association U.S. BANK
<br />233 South 13th Street
<br />Lincoln, NE 68508 1700 FARNAM STREET
<br />OMAHA NE 68102
<br />SEND TAX NOTICES TO:
<br />David Larson and Catherine Larson
<br />505 Linden Ave.
<br />Grand Island, NE 68801
<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS IS DATED FEBRUARY 6, 2001, between David Larson and Catherine Larson,
<br />husband and wife as joint tenants, whose address is 505 Linden Ave., Grand Island, NE 68801 (referred to
<br />below as "Grantor "); and U.S. Bank National Association, whose address is 233 South 13th Street, Lincoln, NE
<br />68508 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Fractional Lot Six (6), Fractional Lot Seven (7), and Lot Eight (8) in Fractional Block Eleven (11), in
<br />Joehnek's Addition to the City of Grand Island, Hall County, Nebraska and that part of vacated alley as
<br />shown in Ordinance No. 7856, filed September 15, 1992 in the Register of Deeds Office as Document
<br />No. 92- 107990.
<br />The Real Property or its address is commonly known as 318,320,322 Maple Street, Grand Island, NE 68801.
<br />The Real Property tax identification number is 400050161.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Assignment. Terms not otherwise defined in this
<br />Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts
<br />in lawful money of the United States of America.
<br />Assignment. The word "Assignment" means this Assignment of Rents between Grantor and Lender, and includes without limitation all
<br />assignments and security interest provisions relating to the Rents.
<br />Borrower. The word "Borrower" means Larson Construction, Inc..
<br />Event of Default. The words "Event of Default" mean and include without limitation any of the Events of Default set forth below in the section
<br />titled "Events of Default."
<br />Grantor. The word "Grantor" means any and all persons and entities executing this Assignment, including without limitation all Grantors named
<br />above. Any Grantor who signs this Assignment, but does not sign the Note, is signing this Assignment only to grant and convey that Grantor's
<br />interest in the Real Property and to grant a security interest in Grantor's interest in the Rents and Personal Property to Lender and is not
<br />personally liable under the Note except as otherwise provided by contract or law.
<br />Indebtedness. The word "Indebtedness" means all principal and interest payable under the Note and any amounts expended or advanced by
<br />Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Assignment, together
<br />with interest on such amounts as provided in this Assignment.
<br />Lender. The word "Lender" means U.S. Bank National Association, its successors and assigns.
<br />Note. The word "Note" means the promissory note or credit agreement dated February 6, 2001, in the original principal amount of
<br />$52,500.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Property. The word "Property" means the real property, and all improvements thereon, described above in the "Assignment" section.
<br />Real Property. The words "Real Property" mean the property, interests and rights described above in the "Property Definition" section.
<br />Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br />M
<br />CJ)
<br />-n
<br />S
<br />''"
<br />O --1
<br />O
<br />rn
<br />cr.
<br />rn
<br />A
<br />—i
<br />N
<br />70
<br />rVI
<br />m
<br />CZ) c
<br />i
<br />C-3
<br />.
<br />71Z
<br />�-
<br />N
<br />O Ti
<br />O
<br />GM
<br />D
<br />�b co
<br />O GM
<br />M 1'
<br />r
<br />CI D
<br />O a
<br />C*
<br />TO:A,TTN NE 2
<br />U.S. Bank National Association U.S. BANK
<br />233 South 13th Street
<br />Lincoln, NE 68508 1700 FARNAM STREET
<br />OMAHA NE 68102
<br />SEND TAX NOTICES TO:
<br />David Larson and Catherine Larson
<br />505 Linden Ave.
<br />Grand Island, NE 68801
<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS IS DATED FEBRUARY 6, 2001, between David Larson and Catherine Larson,
<br />husband and wife as joint tenants, whose address is 505 Linden Ave., Grand Island, NE 68801 (referred to
<br />below as "Grantor "); and U.S. Bank National Association, whose address is 233 South 13th Street, Lincoln, NE
<br />68508 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Fractional Lot Six (6), Fractional Lot Seven (7), and Lot Eight (8) in Fractional Block Eleven (11), in
<br />Joehnek's Addition to the City of Grand Island, Hall County, Nebraska and that part of vacated alley as
<br />shown in Ordinance No. 7856, filed September 15, 1992 in the Register of Deeds Office as Document
<br />No. 92- 107990.
<br />The Real Property or its address is commonly known as 318,320,322 Maple Street, Grand Island, NE 68801.
<br />The Real Property tax identification number is 400050161.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Assignment. Terms not otherwise defined in this
<br />Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts
<br />in lawful money of the United States of America.
<br />Assignment. The word "Assignment" means this Assignment of Rents between Grantor and Lender, and includes without limitation all
<br />assignments and security interest provisions relating to the Rents.
<br />Borrower. The word "Borrower" means Larson Construction, Inc..
<br />Event of Default. The words "Event of Default" mean and include without limitation any of the Events of Default set forth below in the section
<br />titled "Events of Default."
<br />Grantor. The word "Grantor" means any and all persons and entities executing this Assignment, including without limitation all Grantors named
<br />above. Any Grantor who signs this Assignment, but does not sign the Note, is signing this Assignment only to grant and convey that Grantor's
<br />interest in the Real Property and to grant a security interest in Grantor's interest in the Rents and Personal Property to Lender and is not
<br />personally liable under the Note except as otherwise provided by contract or law.
<br />Indebtedness. The word "Indebtedness" means all principal and interest payable under the Note and any amounts expended or advanced by
<br />Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Assignment, together
<br />with interest on such amounts as provided in this Assignment.
<br />Lender. The word "Lender" means U.S. Bank National Association, its successors and assigns.
<br />Note. The word "Note" means the promissory note or credit agreement dated February 6, 2001, in the original principal amount of
<br />$52,500.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Property. The word "Property" means the real property, and all improvements thereon, described above in the "Assignment" section.
<br />Real Property. The words "Real Property" mean the property, interests and rights described above in the "Property Definition" section.
<br />Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br />
|