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<br />WHEN RECORDED MAIL TO:
<br />PINNACLE BANK
<br />GRAND ISLAND OFFICE, LPO
<br />3610 W CAPITAL AVE
<br />GRAND ISLAND, NE 68803
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<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated August 13, 2019, is made and executed between
<br />RAYMOND J. O'CONNOR, Trustee of RAYMOND J. O'CONNOR REVOCABLE LIVING TRUST
<br />under the provisions of a trust agreement dated February 23, 2016, whose address is 2502 A
<br />N WEBB RD, GRAND ISLAND, NE 68803; and JENNIFER S. O'CONNOR, Trustee of JENNIFER
<br />S. O'CONNOR REVOCABLE LIVING TRUST under the provisions of a trust agreement dated
<br />February 23, 2016, whose address is 2502 A N WEBB RD, GRAND ISLAND, NE 68803
<br />(referred to below as "Grantor") and PINNACLE BANK, whose address is 3610 W CAPITAL
<br />AVE, GRAND ISLAND, NE 68803 (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 />The North Half of Lot One (1), and all of Lots Two (2), Three (3), Four (4), Five (5), Six (6)
<br />and Lot Seven (7), in Block Eleven (11), Kernohan and Decker's Addition to the City of
<br />Grand Island, Hall County, Nebraska, and that part of Vacated Alley and that part of
<br />Vacated Monroe Street as shown in Ordinance No. 7816 and recorded as Document No.
<br />92-106397, Excepting a tract Deeded to the City of Grand Island in Corporation Warranty
<br />Deed filed as Document No. 92-109114.
<br />and
<br />Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6), Seven (7) and Eight (8), in
<br />Block Twelve (12), Kernohan and Decker's Addition to the City of Grand Island, Hall
<br />County, Nebraska, and that part of Vacated Alley as shown in Book 9, Page 351 and that
<br />part of Vacated Monroe Street as shown in Ordinance No. 7816 and recorded as Document
<br />No. 92-106397, Excepting a tract Deeded to the City of Grand Island in Trustees Deed
<br />recorded in Book 171, Page 252 and in Corporation Warranty Deed filed as Document No.
<br />92-109115 and Warranty Deed to the State of Nebraska Department of Roads recorded as
<br />Document No. 200611407.
<br />The Property or its address is commonly known as 1600 AND 1602 WEST 2ND STREET,
<br />GRAND ISLAND, NE 68801.
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor
<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 />Grantor, 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 GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall
<br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />ON 1N3Wf1I1SNI SV a3I31N3
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