|
l3dalsad TO
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Broadwell Branch
<br />2015 North Broadwell
<br />PO Box 1507
<br />Grand Island, NE 68802
<br />n
<br />Cf)
<br />cn
<br />771
<br />r ,.i :71].)
<br />C'•) --i
<br />c>
<br />c:i
<br />N)
<br />CD
<br />FOR RECORDER'S USE ONLY
<br />FIVE POINTS BANK
<br />11111111111111
<br />11
<br />11 11111
<br />11
<br />11
<br />11
<br />uii
<br />1101111
<br />*0000000001013252710115*
<br />1111111111111111111
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated December 9, 2019, is made and executed between J & B
<br />RENTALS LLC, A NEBRASKA LIMITED LIABILITY COMPANY, whose address is 318 N
<br />MADISON ST, GRAND ISLAND, NE 68801 (referred to below as "Grantor") and Five Points
<br />Bank, whose address is 2015 North Broadwell, PO Box 1507, Grand Island, NE 68802
<br />(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 THREE (3), IN BLOCK SEVENTY-EIGHT (78), IN WHEELER AND BENNETT'S THIRD
<br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Property or its address is commonly known as 411 E 15TH 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 />
|