Laserfiche WebLink
0 Cl In ' ' <br />B <br />p <br />N <br />--I <br />n <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Stolley Branch <br />3111 W. Stolley Pk. Rd. <br />PO Box 1507 <br />Grand Island, NE 68802 <br />rn <br />FOR RECORDER'S USE ONLY <br />FIVE POINTS BANK <br />11 <br />11 <br />11111 1110 II II 111E1 III 1 II1111711 II1111*0000000001 01 311 <br />11111111111111111111111111 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated January 3, 2019, is made and executed between <br />BARBARA A FRANKE AND JOHN D FRANKE, WIFE AND HUSBAND, whose address is 7567 S <br />SCHAUPPSVILLE RD, WOOD RIVER, NE 68883-9422 (referred to below as "Grantor") and <br />Five Points Bank, whose address is 3111 W. Stolley Pk. Rd., 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 />Lot Five (5), Block One Hundred Twenty -Two (122), Union Pacific Railway Co.'s Second <br />Addition to the City of Grand Island, Hall County, Nebraska <br />The Property or its address is commonly known as 707-709 N ELM ST, 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 />