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201703887
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Last modified
7/3/2017 5:40:25 PM
Creation date
6/9/2017 3:50:50 PM
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DEEDS
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201703887
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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 />P, <br />FIVE POINTS BANK <br />co <br />ro <br />FOR RECORDER'S USE ONLY <br />I IIII111 I IIIII IIIN IIIII IIIII IIIII III I III8IIIII IIIII IIIII IIIII IIIII IIIIl I IIIII IIIII I 11111 fiii11111111111111 <br />*0000000001013050060115* <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated June 9, 2017, is made and executed between LANE <br />HOME IMPROVEMENTS & CONSTRUCTION LLC (referred to below as "Grantor ") and Five <br />Points Bank, whose address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 66802 <br />(referred to below as "Lender "). <br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grains 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 />THE NORTHERLY FIFTY SIX FEET (56') OF LOT TEN (10), IN BLOCK THIRTEEN (13), IN <br />GILBERT'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 1210 N CLARK, GRAND ISLAND, NE <br />68801. <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 />
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