|
1 V?J1S2V 'I'J
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Attn: Diers
<br />PO Box 1507
<br />Grand Island, NE 68802-1507
<br />J CJ
<br />r
<br />FOR RECORDER'S USE ONLY
<br />II
<br />FIVE POINTS BANK
<br />II 11111111111111111 111111111111111111 I I 1111111 I I I I I 1111111 ISI II I II II
<br />*0000000001013267440115*
<br />1111
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated February 7, 2020, is made and executed between
<br />SCHULTE CONSTRUCTION, L.L.C., whose address is 3422 S 110TH RD, WOOD RIVER, NE
<br />68883-9643 (referred to below as "Grantor") and Five Points Bank, whose address is 2009 N.
<br />Diers Ave., PO Box 1507, Grand Island, NE 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 />LOTS NINETEEN (19) AND TWENTY (20), THELEN SUBDIVISION, FIRST ADDITION TO
<br />WOOD RIVER, HALL COUNTY, NEBRASKA.
<br />The Property or its address is commonly known as 203 & 205 GREEN ST., WOOD RIVER, NE
<br />68883.
<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 />Inn
<br />--�1
<br />rn
<br />Lel
<br />rn
<br />(J1
<br />7O
<br />In
<br />G
<br />
|