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200444534
<br />ASSIGNMENT OF RENTS
<br />Loan No: 223 -14822 (Continued) Page 4
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Assignment in the default section of this
<br />Assignment.
<br />Grantor. The word "Grantor" means J. Larry Fugate and Dana M. Fugate.
<br />Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the Indebtedness.
<br />Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of the
<br />Note.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note or
<br />Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note or Related
<br />Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by Lender to
<br />enforce Grantor's obligations 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, together with all interest thereon and
<br />all amounts that may be indirectly secured by the Cross - Collateralization provision of this Assignment.
<br />Lender. The word "Lender" means Emprise Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated March 29, 2004, in the original principal amount of $360,000.00
<br />from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for
<br />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 described in the "Assignment"
<br />section of this Assignment.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
<br />agreements and documents, whether now or hereafter 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 and all present and future
<br />leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts receivable, cash or security deposits,
<br />advance rentals, profits and proceeds from the Property, and other payments and benefits derived or to be derived from such leases of
<br />every kind and nature, whether due now or later, including without limitation Grantor's right to enforce such leases and to receive and collect
<br />payment and proceeds thereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS DOCUMENT IS EXECUTED
<br />ON MARCH 29, 2004.
<br />GRANTOR:
<br />J. Lar ate
<br />a M. Fugate
<br />114DIVIDUAL ACKNOWLEDGMENT
<br />STATE OF 1�0J)OM
<br />) SS
<br />COUNTY OF
<br />On this day before me, the undersigned Notary Public, personally appeared J. Larry Fugate and Dana M. Fugate, husband and wife, to me
<br />known to be the individuals described in and who executed the ASSIGNMENT OF RENTS, and acknowledged that they signed the Assignment
<br />as their free and voluntary act and deed, for the uses and purposes therein mentioned..,
<br />Given under my hand and official seal this 304,-81 304,-81 ne
<br />day of t ' wvk. n , 20011 _.
<br />By :5fiL& 01 �����"
<br />I,i G - Notary Public in and or the State of WDJ- Xdp
<br />SHELL;: � 1<ui i ry
<br />A N aTARN Residing t wL — Q ,
<br />k4�lOcto
<br />I TE 0V � ,a Aa g
<br />Appt. Exp `1a-o5 My commission expires
<br />LASER PRO Lending, Ver. 5.23.20.002 Copr. Harland Financial Solutions, Inc. 1997, 2004. All Rights Reserved. - NEIKS F: \APP \CFIWICH \CFHLPL\G14.FC TR -9748 PR -18
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