|
ASSIGNMENT OF RENTS
<br />202505578
<br />(Continued) Page 3
<br />Lender to discharge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under
<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 PINNACLE BANK, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated October 3, 2025, in the original principal amount
<br />of $120,000.00 from Grantor 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 OCTOBER 3, 2025.
<br />GRANTOR:
<br />MSB RE iAL , LLC
<br />By:
<br />ADAMember of MSB RENTALS, LLC
<br />By:
<br />M ' ITE LAU, President/Managing Member of MSB RENTALS, LLC
<br />STATE OF
<br />COUNTY OF
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />HdA
<br />)
<br />SS
<br />On this $4:9._ day of O(AViU'`f , 20 2-5 , before me, the undersigned
<br />Notary Public, personally appeared ADAM BELAU, Member of MSB RENTALS, LLC and MAITE BELAU,
<br />President/Managing Member of MSB RENTALS, LLC, and known to me to be members or designated agents of the
<br />limited liability company that executed the ASSIGNMENT OF RENTS and acknowledged the Assignment to be the free
<br />and voluntary act and deed of the limited liability company, by authority of statute, its articles of organization or its
<br />operating agreement, for the uses and purposes therein mentioned, and on oath stated that they are authorized to
<br />execute this Assignment and in fact executed the Assignment on behalf of the limited liabil�pany.
<br />By %7
<br />Printed Name: ri,kc' nko, i /�
<br />Notary Public in and for the State of Vl!,tp
<br />Residing at Geet,tgail
<br />My commission expires Piker,t/3 Z-0 Z. b
<br />GENEML NOTKIRK ARY E - StateMOUof Nebra
<br />RAL ska
<br />My Comm. Exp. March 13, 2028
<br />LaserPro, Ver. 25.3.10.002 Copr. Finastra USA Corporation 1997, 2025. All Rights Reserved. - NE
<br />C:\Apps\CFI\LPL\G 14.FC TR-286829 PR-125
<br />
|