201705918 - Laserfiche WebLink

Browse

WHEN RECORDED MAIL TO: Five Points Bank Attn: Diers PO Box 1507 Grand Island, NE -n n m z n = Vf 68802 -1507 FIvE P0INT8 BANK I I 1111111 00 II III IilllII II110 III VIII 111111111111111111 10111111111 *0000000001013069170115* 11 C FOR RECORDER'S USE ONLY ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated August 31, 2017, is made and executed between TERRY L MARTIN; A Single Person (referred to below as "Grantor ") and Five Points Bank, whose address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below as "Lender"). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in HALL County, State of Nebraska: The Northerly Sixty -Two (62) Feet of Lot Ten (10), Block Sixteen (16), Fairview Park Addition, to the City of Grand Island, Hall County, Nebraska. The Property or its address is commonly known as 912 N GREENWICH ST, GRAND ISLAND, NE 68801. The Property tax identification number is 400129736. CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Grantor, together with all interest thereon. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY