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201607554
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Last modified
11/10/2016 2:20:11 PM
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11/10/2016 2:20:11 PM
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DEEDS
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201607554
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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Attn: Diers <br />PO Box 1507 <br />Grand Island, NE 68802 -1507 <br />FIVE POINTS BANK <br />IIIIIIB IIIIIIIIIIIIIIIIIIIII II <br />*0000000001012995610115* <br />ASSIGNMENT OF RENTS <br />7 <br />C ) <br />l� <br />FOR RECORDER'S USE ONLY <br />THIS ASSIGNMENT OF RENTS dated November 4, 2016, is made and executed between PATTI <br />R JENSEN; A Single Person (referred to below as "Grantor ") and Five Points Bank, rri address is 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below as "Lender "). <br />I ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security <br />m ( interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents <br />C) from the following described Property located in HALL County, State of Nebraska: <br />ref <br />Condominium Unit 504, The Yancey, a Condominium, in the City of Grand Island, Hall <br />County, Nebraska, a Condominium in accordance with the Declaration recorded on October <br />w* 17, 1984 under Instrument #84- 005507 of the County of Hall, State of Nebraska. <br />The Property or its address is commonly known as 123 N LOCUST #504, GRAND ISLAND, NE <br />68801. The Property tax identification number is 400143453. <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 all interest thereon. <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 />
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