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202305136
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Last modified
9/29/2023 4:54:18 PM
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9/29/2023 4:54:17 PM
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202305136
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9£650£Z0Z <br />13VII1S9V TO <br />• <br />ASH 1.40 <br />CHECK <br />REFUNDS: <br />CASH <br />CHECK <br />RECORDED <br />HALL COUNTY NE <br />INST 7023 0 5 1 3 b 2023 SEP 29 P 3: 35 <br />WHEN RECORDED MAIL TO: <br />Heritage Bank <br />Hastings <br />PO Box 349 <br />Hastings, NE 68901 <br />KRISTI WOLD <br />REGISTER OF DEEDS <br />Q/L)o OO <br />FOR RECORDER'S USE ONLY <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated September 29, 2023, is made and executed between Lisa <br />V. Ngo, whose address is at 1407 Sheridan Plaza, Hastings, NE 68901 (referred to below as <br />"Grantor") and Heritage Bank, whose address is PO Box 349, Hastings, NE 68901 (referred to <br />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 />Unit 2120, Starwood Centre Condominium Property Regime, as shown in Declaration of <br />Condominium and Creation of Unit Owners <br />Association for Starwood Centre Condominium Property Regime filed as Document No. <br />200801692 and Amendment to Declaration of <br />Starwood Centre Condominium Property Regime filed as Document No. 201901889 in the <br />City of Grand Island, Hall County, Nebraska. <br />The Property or its address is commonly known as 2120 N Webb Rd, Grand Island, NE <br />68803. <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 />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided <br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and <br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall <br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. <br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: <br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and <br />claims except as disclosed to and accepted by Lender in writing. <br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and <br />convey the Rents to Lender. <br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any <br />
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