|
COLI017Z0Z
<br />1DVII1SSV '1'9
<br />IHST 2024 0 1 10 3
<br />WHEN RECORDED MAIL TO:
<br />First National Bank of Omaha
<br />1620 Dodge Street SC 3280
<br />Omaha, NE 68197
<br />�fnbo
<br />IUIfflllli'19A1
<br />CHECK
<br />REFUNDS:
<br />CASH
<br />CHECK
<br />RECORDED
<br />HALL COUNTY NE
<br />ELI APR 19 P 3; 13
<br />KRISTI WOLD
<br />REGISTER OF DEEDS
<br />FOR RECORDER'S USE ONLY
<br />CSU'L°
<br />NI NiliOlil I INN 1111 111111111
<br />*########44#144########4584804182024*
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated April 18, 2024, is made and executed between KBR
<br />Properties, L.L.C., a Nebraska Limited Liability Company, whose address is 12781 S 70th Rd,
<br />Doniphan, NE 68832 (referred to below as "Grantor") and First National Bank of Omaha ,
<br />whose address is 1620 Dodge Street, Omaha, NE 68197 (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 />Parcel 1: Lots Two Hundred Thirty Five (235) and Two Hundred Thirty Six (236), in
<br />Belmont, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />Parcel 2: Lots Fourteen (14) and Fifteen (15), in Virden Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Property or its address is commonly known as 2504 W 4th Street / 404 N Custer Ave
<br />AND 2531-2533 W 4th St, Grand Island, NE 68803. The Property tax identification number is
<br />400018047 and 400104075.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower
<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 />Borrower, together with all interest thereon.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED
<br />DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti -deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />BORROWERS WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender
<br />takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about
<br />the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including
<br />without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the
<br />Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to
<br />take under this Assignment.
<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 />
|