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ASSIGNMENT OF RENTS
<br />(Continued) Page 3
<br />202008813
<br />Borrower. The word "Borrower" means EXADE, LLC.
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Assignment in
<br />the default section of this Assignment.
<br />Grantor. The word "Grantor" means EXADE, LLC.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br />payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under
<br />this Assignment, together with interest on such amounts as provided in this Assignment. Specifically, without
<br />limitation, Indebtedness includes the future advances set forth in the Future Advances provision, together with all
<br />interest thereon and all amounts that may be indirectly secured by the Cross -Collateralization provision of this
<br />Assignment.
<br />Lender. The word "Lender" means PINNACLE BANK, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated November 4, 2020, in the original principal
<br />amount of $68,400.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as
<br />described in the "Assignment" section of this Assignment.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all of Grantor's present and future rights, title and interest in, to and under any
<br />and all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties,
<br />bonuses, accounts receivable, cash or security deposits, advance rentals, profits and proceeds from the Property,
<br />and other payments and benefits derived or to be derived from such leases of every kind and nature, whether due
<br />now or later, including without limitation Grantor's right to enforce such leases and to receive and collect payment
<br />and proceeds thereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT
<br />PERSONALLY BUT AS AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED
<br />ON BEHALF OF GRANTOR ON NOVEMBER 4, 2020.
<br />GRANTOR:
<br />EXADE, LLC
<br />By:
<br />MICHAEL HUNTER, Manager of EXADE, LLC
<br />STATE OF
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />Nebrc-Ski
<br />COUNTY OF
<br />Ar.2.1v,‘) ion
<br />)
<br />1 SS
<br />On this 1 -►+1+ day of N'vunbcr , 20 20 , before me, the undersigned
<br />Notary Public, personally appeared MICHAEL HUNTER, Manager of EXADE, LLC, and known to me to be member or
<br />designated agent of the limited liability company that executed the ASSIGNMENT OF RENTS and acknowledged the
<br />Assignment to be the free and voluntary act and deed of the limited liability company, by authority of statute, its
<br />articles of organization or its operating agreement, for the uses and purposes therein mentioned, and on oath stated
<br />that he or she is authorized to execute this Assignment and in fact executed the Assignment on behalf of the limited
<br />liability company.
<br />A GENERAL NOTARY - State of Nebraska
<br />IiiJESSE R. DUBAS
<br />IFARIFil 4.41 My Comm. Exp. May 16, 2021
<br />By
<br />Pr a Name:
<br />Notary Public in and for the State of AJF-
<br />Residing at )23i- L S}- A1"rt rc, NE
<br />My commission expires S/)b/21
<br />LaserPro, Ver. 19.4.10.036 Copr. Finastra USA Corporation 1997, 2020. All Rights Reserved. - NE
<br />C:\Apps\CFI\LPL\G 14.FC TR -223166 PR -125
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