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<br /> ���� � !!!i?4!".�f�FB!lMY,}!�EBR.",SK.4,M..�T�4"!aL .4cgnrie►TinN ,4CC/RNA�IENTOF _ __
<br /> -- -�---�""� L EASfS AN0 HENT ---
<br /> -�-����' � 91--�10596'7
<br /> �
<br /> - � -- - - _-
<br /> � Thls Ars/gnmant,made thls 9 day of ssp�o°��r 19 91 by and
<br /> - �''"�'-'` batween COLi.EG� PARK AT GRAND ISLAND � �-_
<br /> • ("qarlynor"I,�nd NORWE'ST BANK NFBRASKA,NAT/ONAL ASSOC/ATlON f"Arslynee"1.
<br /> _----�',,.
<br /> �.;,��.A.';�::`� W/TNESSETN: _
<br /> ���-����.��� : lt is egreed as fol%ws:
<br /> _ �_ �Y,e�:�:i:�. __�_
<br /> '-_:a�+,y,�;�:!
<br /> _a,��f+;�4:. . 1, Deflnitlons. As used ln rhls Ayreement:
<br /> .,. �,.;
<br /> �;a��'-S'. '.
<br /> .,�4�:::'; A. "Mortgege"shell maan rhat certaln Deed of Trust in the principal sum
<br /> 1.200.000.00 _ _ dated e ber , 19 91 ,
<br /> �-�;�`�';�n or$ College Park at Grand Islan ,as Trustor,to NORWEST BANK
<br /> �`.:-. S•..;'.o � exe�cured by
<br /> �'°-''-` NEBRASKA, NAT/ONAL ASSOC/AT/ON,as Beneflciory,upon the rea/estare and lmprovements
<br /> _, .t,�,..
<br /> .-=-_i7r �� ��
<br /> __ -=--_�;.-�i'° �, described in Exhibii A ,wirlch is atteched hereto and by rhls reference lncorporered herein. �
<br /> .,'°�:':� n�,. .sa'�' .. .. 1 200 000 OQ _ - -
<br /> r��b � B. Note shall mean that certaln note se�cu�ed by[he$
<br />;��' `" �" ' Deed of Trust,executed contem vraneously therewith by �
<br /> x.,.:. �
<br /> - ;�, � � , Co11eRe Park at Grand is�and _ as maker,and NORWEST BANK NEBRASKA,
<br />' ��y��. • � . NA TIONAL ASSOC/AT/ON,as payee,and secured by the Deed oi Trusr. �--
<br />-�'�F — �'�!`'a:'�''' C. "Loan"a hereinafter used,shall mean the loan in[he amount of ONE MILLION TWO �:i.
<br /> ::::.� ;'-� �� HUNDRED THOUSAND & NO��denced by the nota end secured by the Deed of Trust,ss wrell as any orher _
<br /> .. r� .�.;,,, . . -
<br />�;�.;;�;� :�a.,•• .° ' securing instruments.
<br /> ._..o�.?(�I� .:�;: 'L.
<br /> – _�'�'`=°�'-_�' NOW,TNfREfORE,for and rn cansideration�f rhe making and fundlnA of sald Loan,and for •=
<br />`'��� ,,a� '�'"~�;�� other good end valuable consideretion,the receipt whereof is hereby acknowledged,Assiynor,for itse/f, —_
<br /> • • its successors,personal representa[ives,heirs and assigns,has bargained,sold,transferred,assigned,
<br />';'�� � � ��• " ' conveyed,se[over and delivered,and by these presents does hereby bargain,sell,transfer,assign,and
<br /> - -�4'•° , � . • convey as sec�r/ty for the repaymeni of the above described indebtedness and the paymeni and pei•
<br /> formance of all of the rerms and condrtions of the Note and Mor[gage evidencing the same,and any
<br /> '� � and all amendments,extensions and renewals thereof,all/eases now or hereafter executed affecting �_�;
<br /> '- "�' ��""' �� � the Mortgaged Premises,and ad/rents,issues,profits and income and sums of money whJch may now
<br /> `,.:,�� � � , or hereafter be or become due and owing under and by virtue of said leases,it being the intention _ _
<br /> ,, hereby to establish a complete transfer and assignment o/rhe/eases heieby sssigned and all the aveils
<br /> � '''- ,. thereu�derunto the Assignes,its successors and assigns,[ogether with the righi,but without the �
<br /> - .• �'�' ��, ob/igation,to collec[all of the said rents,issues,p�ofiis and income arising or accruing,or which may ��
<br /> ��' �� ° si nor funhei e rees,upon demand ���.-
<br /> • become due at any trme during rhe life o/this Assignment. As p 9 �
<br /> _ " thereof, to deliver ro and deposit seid leases with Asslgne�e.
<br /> ����; •� ���'. ,,. � � Asslgnor hereby designates,cons[itutes and appoints Assignee,its successors and assigns,with �F' '
<br /> , ��� full power of substitution,its irue and lew/ul altorney with po�nrer lor it and in its name,place end � �-
<br /> _ � �� stead,for in the neme of AssiBnee,ta ask,demand,col%ct,receive,receipt and give lull and com• ���
<br /> . •• ' plete acquittances for any and alI rents,issues,profits end income hereby assigned which may become f
<br /> - • due and payable by lessees or other occupants of the Mor[gaged Premises;and at its discretion to file
<br /> •TV... :
<br /> . • en y c/aim or take any other actian or proceeding to meke any sett/ement of any claim,ei�her in its �•�,;
<br /> ,��- own name or in rhe name of Assignor,or otherwise,which the Assignee,or any successor may deem �� •�
<br /> ' '� °� desirable in o�der to collect and enforce the paymenf of an y and all rents,issues,profits and income �
<br /> •• . herein assigned. The/essees and ocr,upants of the Mortgaged Premises,or any parr hereof,are heieby
<br /> � oxpressly au[horized and directed to pay all rents and sums herein assigned which would be payable
<br /> ' • to Assignor,except for this Assignment, ro the Assignee,and to r.•ansmit and delive�such paymeni
<br /> ,� to the Assignee or such nominee as it may designate in writing,delivered to and received by such �- .
<br /> ' .. �� � lessee or occupant, who is expressly relieved of any and al!duty,liability or ob/igadon to the �-
<br /> , Assignor in respect of all paymenrs so made. E
<br />. �
<br /> Assignee shall be,ai�d hereby is,vested with fuU power to use all such measures,legal and ;
<br /> equitablo,as in its discreNon may be deemed necessary or proper fo enforce this Agreement�nd ,
<br /> io col%ct fhe rents,issues,profits and rncome assrgned hereunder,including the right to enter upon F
<br /> • the premises and to take possession thereof,and Assignor hereby grants full�ower and aulhority .
<br /> • ` • ,. to the Assignee to exeicise a!l rights,privileges and powers herein granted at any and all trmes here-
<br /> a/fer,wi[hout notrce fo Assignor,wifh lul!power to use and apply aii oi rire renrs, issues,p.oi%i�a��i, -
<br /> � income heiein assigned ro[he payments of any indebtedness nr liabilrfy ol rhe Assigaor to the
<br /> y ;, Assignee,in such order as Assignee may deternrine.
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<br /> • � .. . M IBM1?MRi 1�68NIt@0� �
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