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Loan No: 101353924
<br />202402431
<br />ASSIGNMENT OF RENTS
<br />(Continued) Page 6
<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 Five Points Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated May 30, 2024, in the original principal amount
<br />of $110,250.00 from Borrower 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 MAY 30, 2024.
<br />GRANTOR:
<br />TP ESTATE & CO LLC
<br />By:
<br />TAMMY PHAM, Member of TP E TA E & CO LLC
<br />STATE OF
<br />COUNTY OF
<br />/Ic,G.wak
<br />szkLeg
<br />CORPORATE ACKNOWLEDGMENT
<br />SS
<br />On this 30 day of 20 a / , before me, the undersigned
<br />Notary Public, personally appeared TAMMY PH , Member of TP ESTATE & CO LLC, and known to me to be an
<br />authorized agent of the corporation that executed the ASSIGNMENT OF RENTS and acknowledged the Assignment to
<br />be the free and voluntary act and deed of the corporation, by authority of its Bylaws or by resolution of its board of
<br />directors, for the uses and purposes therein mentioned, and on oath stated that he or sh 's a • •rized to execute this
<br />Assignment and in fact executed the Assignment on behalf of the corpora
<br />By
<br />Printed Name: /rr e
<br />Notary Public in and
<br />,for the State of
<br />Residing at/C
<br />My commission expires 7—dD.22_
<br />
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