|
WHEN RECORDED MAIL TO:
<br />Equitable Bank
<br />North Locust Branch
<br />113 -115 N Locust St
<br />PO Box 160
<br />Grand Island, NE 68802 -0160
<br />ASSIGNMENT OF RENTS
<br />FOR RECORDER'S USE ONLY
<br />THIS ASSIGNMENT OF RENTS dated December 21, 2016, is made and executed between
<br />REYNALDO RAMIREZ, whose address is 419 E SUNSET AVE, GRAND ISLAND, NE 68801 and
<br />BLANCA 0 CASTANEDA AKA BLANCA 0 CASTANEDA RAMIREZ, whose address is 419 E
<br />SUNSET AVE, GRAND ISLAND, NE 68801; Husband and Wife (referred to below as "Grantor ")
<br />and Equitable Bank, whose address is 113 -115 N Locust St, PO Box 160, Grand Island, NE
<br />68802 -0160 (referred to below as "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 />of Grand Island,
<br />Fractional Block
<br />of Grand Island,
<br />Lot Ten (10), in Block Two (2), in Koehler Place, an Addition to the City
<br />Hall County, Nebraska.
<br />and
<br />The Northerly Sixty Five and Five Tenths (N65.5') feet of Lot Five (5) in
<br />One Hundred Four (104), in the Koenig and Wiebe's Addition to the City
<br />Hall County, Nebraska
<br />and
<br />The Southerly 61 fee of Lot 4, Block 8, Original Town,
<br />County, Nebraska
<br />The Property or its address is commonly known as 225 S Vine St, 313 S Cedar, and 613 -615
<br />N. Wheeler Ave, Grand Island, NE 68801. The Property tax identification number is
<br />400054655, 400056089, 400000555.
<br />CROSS - COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of either Grantor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Grantor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower
<br />or Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this
<br />Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may
<br />loan to Borrower or 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 BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED
<br />DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender
<br />takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about
<br />the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including
<br />without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the
<br />Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to
<br />take under this Assignment.
<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 />now City of Grand Island, Hall
<br />
|