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<br />*HLP1922*
<br />V
<br />202100089
<br />ASSIGNMENT OF RENTS
<br />(Continued) Page 5
<br />time.
<br />Borrower. The word "Borrower" means Royce J Carville and Janice A Carville.
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Assignment in the default
<br />section of this Assignment.
<br />Grantor. The word "Grantor" means Royce J Carville; Janice A Carville; and FX -GIN, L.L.C., A COLORADO LIMITED LIABILITY
<br />COMPANY.
<br />Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the Indebtedness.
<br />Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or
<br />part of the Note.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the
<br />Note or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for
<br />the Note or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses
<br />incurred by Lender to enforce Grantor's obligations under this Assignment, together with interest on such amounts as provided in
<br />this Assignment.
<br />Lender. The word "Lender" means Timberline Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated December 29, 2020, in the original principal amount of
<br />$3,500,000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of,
<br />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 described in the
<br />"Assignment" section of this Assignment.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements,
<br />environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and
<br />all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the
<br />Indebtedness.
<br />Rents. The word "Rents" means all of Grantor's present and future rights, title and interest in, to and under any and all present
<br />and future leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts receivable, cash
<br />or security deposits, advance rentals, profits and proceeds from the Property, and other payments and benefits derived or to be
<br />derived from such leases of every kind and nature, whether due now or later, including without limitation Grantor's right to
<br />enforce such leases and to receive and collect payment and proceeds thereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT PERSONALLY BUT
<br />AS AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON
<br />DECEMBER 29, 2020.
<br />GRANTOR:
<br />„ti'L
<br />, Individually
<br />r i
<br />X C.%L--C-:C-.e, 61/ ce,e
<br />Je_rfEe A Carville, Individually
<br />FX -GIN L.L.C., A COLODO LIMITED LIABILITY COMPANY
<br />By: n >, - wl, X(C
<br />Royce ./ Ca I
<br />LIMITED IABIL TY COMPANY
<br />By:
<br />Manager/ Member
<br />of FX -GIN, L.L.C., A COLORADO
<br />J e A Carville, Member of FX -GIN, L.L.C., A COLORADO LIMITED
<br />L BILITY COMPANY
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