89100517 - Laserfiche WebLink

Browse

s9- �005 :�.�.7 RECORDING REQUESTED BY: AND WHEN RECORDED RETURN TO: FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN c/o Grand Island Abstract, Escrow & Title Company 113 West 2nd Street Grand Island, ME 68802 AS,SIGNMEKT OF LESSOR'S I 1TZREST, : iN LEASES. T41S ASSIGNM»M bF LESSOR'S INTEREST IN 'LEASES is made as of ' January 31, 1 S R by GROWTH MANAGEXENT CORPMATION - GRANP- a .ISLAND, Neba vaska corpor:,:4t,ion, (" Borrower") to FIRST FEDERAL SAVIKW .,AND LOAN ASSOCIATION OF LINCOLN ( "Lende !) . 1,ssigD ent. In considerait on of Lender. "s agreLiment o issue the Loan, as escribed below,; and tc� other valuable consideration, receipt of 'kthich• . is acknowledged by Borrower Borrower grants and. assi , ..: ;:,',., , ,.,• - (a) a�Z .of' drover: O s right, title aZtd .'rote t , in, to ' and under' and with res� cit . tm any and all existing leases, licenses and other agreements; of any kind relating to the use or -° occupancy of any of the property described in -- Exhibit A (the "Property "), as such documents are described in Exhibit B (collectively _ -- ESssu-tinq Leases*); and - - - (b) all of Borrower's right, title and interest in, to and under and with respect to any and all leases, licenses and other agreements of any kind relating to any use or occupancy of all or any portion of the Property entered into after the date of this Assignment (collectively "Future Leases "); and (c), all rents (or payments in lieu of rents), payments and liabilities at an time Y payable under any and all of the Existing Leases or r Future Leases,. any and all security deposits received or to be received by Borrower — pursuant to any and all Existing Leases or Future Leases and all rights and benefits accrued or to accrue to Borrower under any and all of the Existing Leases or Future Leases (the "Collateral "). The Existing ' Leases, Future Leases and Collateral are collectively referred to as the "Leases ", and a reference to Existing Leases, Future Leases, Collateral or Leases shall be a reference to the same as amended, extended, renewed or modified from time to time. 2. Obligation S cured. Borrower make the foregoing.grant 'and assignment for the . purpose of securing: ". -(a) payment to Lender of all.. indebtedness t 1 6v,'denced by and arising under the Note Secured by Deed of Trust ( "the Note ") 'Borrower e:{ecuted by in the principal amount a'f SEVENTY THOUSAND AND U0 /100 DOLLARS ($70,000.00), payable to Lender or its order, and dated as of the date of this Assignment as the same may be amended, extended, renewed or modified from time to time; h, and 1 .r