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202402892
<br />Borrower. The word "Borrower" means Innate 8, LLC and includes all co-signers and co -makers signing the
<br />Notes and all their successors and assigns.
<br />Event of Default. The words "Event of Default" mean: (a) any of the events of default set forth in this
<br />Assignment in the default section of this Assignment; and (b) any other default or event of default with respect
<br />to the Indebtedness or under any of the Related Documents.
<br />Grantor. The word "Grantor" means Innate 8, LLC.
<br />Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the
<br />Indebtedness.
<br />Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a
<br />guaranty of all or part of the Notes.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br />payable under the Notes or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Notes or Related Documents and any amounts expended or advanced
<br />by Lender to discharge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations
<br />under this Assignment, together with interest on such amounts as provided in this Assignment. Specifically,
<br />without limitation, Indebtedness includes the future advances set forth in the Future Advances provision,
<br />together with all interest thereon and all amounts that may be indirectly secured by the Cross -Collateralization
<br />provision of this Assignment.
<br />Lender. The word "Lender" means NebraskaLand Bank, its successors and assigns.
<br />Notes. The word "Notes" means (a) the Construction Loan Promissory Note, of even date herewith, in the
<br />original principal amount of $10,500,000.00 from Trustor to Lender, together with all renewals of, extensions
<br />of, modifications of, refinancings of, consolidations of, and substitutions for such Construction Loan
<br />Promissory Note, and (b) the TIF Loan Promissory Note, of even date herewith, in the original principal amount
<br />of $2,450,000.00 from Trustor to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for such TIF Loan Promissory Note.
<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. Specifically, without limitation, Related Documents
<br />include (a) the Construction Loan Agreement, of even date herewith, by and between Borrower and Lender,
<br />relating to a construction loan in the amount of up to $10,500,000.00, (b) the Business Loan Agreement, of even
<br />date herewith, by and between Borrower and Lender, relating to a loan in the amount of up to $2,450,000.00,
<br />(c) the Notes, (d) the Collateral Assignment of Redevelopment Contract and TIF Note, of even date herewith,
<br />by and between Borrower and Lender, (e) the Consent to Collateral Assignment of Redevelopment Contract and
<br />TIF Note, of even date herewith, by and between Borrower, Lender and the Community Redevelopment
<br />Authority of the City of Grand Island, Nebraska, (f) the Assignment of TIF Note, of even date herewith, by
<br />Borrower in favor of Lender, (g) the Construction Deed of Trust, of even date herewith, by Borrower in favor of
<br />Lender, and (h) any other instruments, agreements and documents executed in connection with the foregoing, in
<br />each case as such Related Documents may be amended, restated, supplemented or otherwise modified from
<br />time to time.
<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,
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