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201608781
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Last modified
12/28/2016 3:38:34 PM
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12/28/2016 3:38:33 PM
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201608781
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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Attn: Diers <br />PO Box 1507 <br />Grand Island, NE <br />r rn n <br />C <br />n z <br />68802 -1507 <br />FIVE POINTS BANK <br />IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII 111 II IIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIII III IIIIIIIII <br />"0000000002982500115* <br />ASSIGNMENT OF RENTS <br />FOR RECORDER'S USE ONLY D <br />0 <br />THIS ASSIGNMENT OF RENTS dated December 27, 2016, is made and executed between <br />GRAND ISLAND MENTAL HEALTH AND MEDICAL CLINIC LLC (referred to below as "Grantor ") <br />and Five Points Bank, whose address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE <br />68802 (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 />Lots Five (5) and Six (6), in Block Two (2) of Packer & Barr's Addition to the City of Grand <br />Island, Hall County, Nebraska. <br />The Property or its address is commonly known as 1917 W FAIDLEY AVE, GRAND ISLAND, <br />NE 68803. <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower <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 />Borrower, 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 />m <br />- <br />73 <br />rw � <br />CD <br />co <br />CI) <br />CD CO <br />C° <br />-J C <br />CO m <br />Ir <br />--I <br />0 <br />
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