|
rn
<br /> m � � �
<br /> rnm � y rn
<br /> o �� � � �rn � rn
<br /> �, �o rn � � o
<br /> o �z � � z� � �
<br /> o �� � � �z � �
<br /> a, z� � � �rn p —
<br /> � �� � � �� � �
<br /> rn� rn � �� � �
<br /> rn� p � _� � �
<br /> �o cn � � �
<br /> w� r�
<br /> �� � �� rn
<br /> Qm� � � z
<br /> I�] CI] �
<br /> � Z
<br /> �
<br /> INHEN REC�3RDED MAIL TC�:
<br /> First National Bank of Omaha
<br /> B�anch#U�'�-�rand Island Branch
<br /> 8"I D Allen ar
<br /> Grand�sland NE 6$843 FOR REC�RDER'S USE QNLY
<br /> ■ �
<br /> �r� �a ��r�� �r�
<br /> ��##�#######�#�#�#�###�$���������6�
<br /> ASSIGNMENT �F RENTS
<br /> TH�S ASSIGNMENT �F RENTS dated C]ct�ber ��, ���6, is made and executed betwe�n H&J
<br /> Praperties. LLC; a Nebraska Limited Liability Campany whose addreSs is 4'15 W' Lowry Rd,
<br /> D�niphan, NE �8�3� �ref�rred to belc�w as "�rantor"f and First National Bank of C�m�ha.
<br /> whose address is S'I 0 Aiien Dr, Grand Island, NE 65843 �referred to bel�w as "Lender"y.
<br /> A551GNM ENT, For valual��e consideratian, Grantor hereby assigns, grants a cvnt�nuing security
<br /> intersst in, and con�eys to Lender a�� vf Grantor's right, t�tle, and interest in and to the Rents
<br /> from the following descri�ed Pr�perty Ia�ated in Hal� �aun#y, State �f Nebraska:
<br /> Lot Ten �'I�f, Blo�k Nineteen �19y, in S�himmer's ►Addition t� the �ity of Grand Island, Hali
<br /> County. N��raska
<br /> The Property ar �ts address i� �ammonly knvr►un as ��� IIV ��th Street, Grand Island, NE
<br /> �88�3, The Property tax id�ntification number �s 4���9'123�.
<br /> CROSS-C�LLATERAL1�ATlt]N, In add�tion to the Note, this Ass�gnrr►ent s�cr�res a�� obligatsans, debts and liabilities,
<br /> plus in�e�-est therean, vf either Grantvr �r Borrower t❑ Lender, vr any ❑ne or mvre of them, as weli as a�� claims hy
<br /> Lender against Bvrraw�r and �rantvr ar any ane vr mvre of them, whether now existing or hereafter arising, wheth�r
<br /> re�ated vr unrelated to the purpvse ❑f the Nvte, whether �vlun#ary ar vtherw�se, whether due or nvt due, direct or
<br /> indirect, determ�ned or undetermined, absol�rte ar contingent, liquidated ar unliqu�dated, whethe� Bflrrvwer or Grantvr
<br /> may �e liab�e indi�idually or jointly with vthers, whether obiigated as guarantvr, surety, accammvdation party vr
<br /> v�herwise, and whether reco�ery upon such amvunts may be or hereafiter may become barred by any statute of
<br /> �imitativns, and whether the Qb�igation ta repay such am�unts may be or he�eaft�� may 'became atherwise
<br /> unenforceable.
<br /> FUTURE ADVANC�S. �n addi�ion to the Nvte, th�s Assignment se�ures all future ad�ances made by Lender t� Borrower
<br /> ar Grantar whether or nvt the ad�ances are made pursuant to a �ommitment, Specifi�ally, with�ut �imitation, this
<br /> Assignment secures, in addition t� the amaunts specified in the Note, all future amounts Lender in its discretion may
<br /> Ioan to Borrower vr�ranto�-, tvgether with all interest th�revn,
<br /> TH[S A�StCtVME�T lS G�VEIV T� �ECU�tE �'1� PAYN�E�T �F T�� INDEBTEQNESS AND �2y PE�Ft3RN1AN�F a� ANY
<br /> AND ALL CyBLiGA7I�NS �F BDRR�IIVER AND GRANTOR UNDER THE NOTE, TH15 ASSI�NMENT, AND THE RELATED
<br /> D�CUMENTS. THIS ASSfGNMENT IS GIVEN AN❑ACCEPTED C]N THE FC3LLQIN�NG TERMS:
<br /> GRANT�R'S WAIVERS. Grantvr wai�es ali rights or defienses arising by �easvn o#any "vne action" or "an�i-deficiency"
<br /> law, or any vther �aw ►nrhich may pre�ent Lende� frvm hringing any a�t�on agains� G�antvr, including a claim #ar
<br /> deficiency to the extent Lender is atherwise entitled to a ciaim �or deficiency, hefvre vr after Lender`s cvmmencement
<br /> ar completivn❑#any fvreclosure action� either judiciaily vr by exer�ise of a power af sa1e.
<br /> B�RRQVIIER'S VIIAIVERS AND RESP[]NSlBILtTIES. Lender need not teli Barrower abvut any ac�ion or inaction Lende�
<br /> takes in connection with this Assignment. Borrower assumes the responsibility fvr being and keeping informed ahout
<br /> the Property. Bvrrawer wai�es any defenses that may aris+� because af any activn ar �naction o� Lender, inciud�ng
<br /> without limitation any faifure af Lender tv realize upon �he Prvperty, or any delay by Lender in r�alizing upan the
<br /> Praperty. Borrower agr�e� to remain lia�ie under the Not� with Lender nv matter what action Lender takes or �ails ta
<br /> take under this Assignment.
<br /> PAYMENT AND PERFC]RMANCE. Except as vtherwis� pro�ided in this Assignment ar any Related Dvcuments, Grantor
<br /> sha11 pay to Lender all amounts secured by this Assignment as they becor�ne due, and shafl strictly pe�#orm a!I vf
<br /> Grantor's❑bligations under this Assignment. Unless and until Lender exercises its right ta collect the Rents as pro�ided
<br /> below and sa iong as there is nv default under this Assignm�nt, Grantor may remain in passessivn and cantrol vf and
<br /> operate and manage the Praperty and collect the Rents, prQ�id�d that the granting of the right tv co!le�t the R�nts sha�1
<br /> not cvnstitute Lender's cvnsent to the use of cash cvilateral in a bankrup�cy prviceeding.
<br /> GRANTQR'S REPR�SENTATI�NS AND WARRAlIITIES. G�anto�warrants tha�:
<br />
|