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201903797
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9/24/2019 8:40:42 AM
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9/24/2019 8:40:41 AM
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201903797
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1DVIIISSV • <br />rn <br />c <br />-nZ <br />v <br />X = v� <br />WHEN RECORDED MAIL TO: <br />Bank of the West <br />520 Main Ave <br />Fargo, ND 58124 <br />FOR RECORDER'S USE ONLY <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated June 27, 2019, is made and executed between TOWER <br />217, LLC, a Nebraska limited liability company, whose address is 703 W 17TH ST, GRAND <br />ISLAND, NE 68801 (referred to below as "Grantor") and BANK OF THE WEST, whose address <br />is 13220 California St., Omaha, NE 68154 (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 South Forty Four (44) feet of the West Seventeen and One Half (17 1/2) feet of Lot <br />Three (3) and the South Forty Four (44) feet of Lot Four (4), and the North Eight (8) feet of <br />the South Fifty Two (52) feet of the West Twenty Two (22) feet of said Lot Four (4), all in <br />Block Sixty Six (66), in the Original Town, now City of Grand Island, Hall County, Nebraska; <br />more particularly described as follows: Commencing at the Southwest corner of Lot Four <br />(4), in Block Sixty Six (66), in the Original Town, now City of Grand Island, Nebraska; <br />thence in an Easterly direction along the South line of said Lot Four (4) and the South line of <br />Lot Three (3), in said Block Sixty Six (66), parallel with the North line of said Lot Four (4) <br />and the North line of said Lot Three (3), a distance of Eighty Three and One Half (83 1/2) <br />feet; thence in a Northerly direction parallel with the West line of said Lot Four (4), a <br />distance of Forty Four (44) feet; thence in a Westerly direction, parallel with the South line <br />of said Lot Four (4) and the South line of Lot Three (3), a distance of Sixty One and One <br />Half (61 1/2) feet; thence in a Northerly direction, parallel with the West line of said Lot <br />Four (4), a distance of Eight (8) feet; thence in a Westerly direction parallel with the South <br />line of said Lot Four (4), a distance of Twenty Two (22) feet; thence in a Southerly <br />direction, a distance of Fifty Two (52) feet to the place of beginning. <br />The Property or its address is commonly known as 217 N LOCUST ST, GRAND ISLAND, NE <br />68801. The Property tax identification number is 400005689. <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 />
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