|
Space Above This Line For Recording Data
<br />3 7, cv
<br />ASSIGNMENT OF LEASES AND RENTS
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is September 17, 2004.
<br />The parties and their addresses are:
<br />ASSIGNOR:
<br />DOUGLAS M WESTERBY
<br />Spouse of Victoria Westerby
<br />3620 Catfish Ave
<br />Grand Island, Nebraska 68801
<br />VICTORIA WESTERBY
<br />Spouse of Douglas M Westerby
<br />husband and wife
<br />3620 Catfish Ave
<br />Grand Island, Nebraska 68801
<br />LENDER:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />TIN: 47- 0343902
<br />1. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $340,000.00. This limitation of amount does not include interest and other fees and charges
<br />validly made pursuant to this Assignment. Also, this limitation does not apply to advances made under the
<br />terms of this Assignment to protect Lender's security and to perform any of the covenants contained in this
<br />Assignment.
<br />2. SECURED DEBTS. This Assignment will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 254238 -101, dated September 17, 2004, from
<br />Assignor to Lender, with a loan amount of $340,000.00.
<br />B. All Debts. All present and future debts from Assignor to Lender, even if this Assignment is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Assignment, each agrees that it will secure debts incurred either individually or with
<br />others Nk\,a may r\ot sign this Assignment. Rothing in this Assignment constitutes a commitment to make
<br />additional or future loans or advances. Any such commitment must be in writing. In the event that Lender
<br />fails to provide any required notice of the right of rescission, Lender waives any subsequent security interest
<br />in the Assignor's principal dwelling that is created by this Assignment. This Assignment will not secure any
<br />debt for which a non - possessory, non - purchase money security interest is created in "household goods" in
<br />connection with a "consumer loan," as those terms are defined by federal law governing unfair and deceptive
<br />credit practices. This Assignment will not secure any debt for which a security interest is created in "margin
<br />stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law
<br />governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this
<br />Assignment.
<br />3. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of
<br />which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment,
<br />Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the
<br />following (Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written, or verbal agreements for
<br />the use and occupancy of the Property, including but not limited to any extensions, renewals, modifications
<br />or replacements (Leases).
<br />B. Rents, issues and profits, including but not limited to security deposits, minimum rents, percentage rents,
<br />additional rents, common area maintenance charges, parking charges, real estate taxes, other applicable
<br />Douglas M Westerby
<br />Nebraska Assignment of Leases and Rents Initials
<br />NE/ 4XX28333000725200004364015091704Y °1996 Bankers Systems, Inc., St. Cloud, MN Ecj5Zi "' Page 1
<br />r—,
<br />M
<br />n
<br />n
<br />C
<br />M
<br />CA
<br />:3
<br />['1 Z
<br />_
<br />\�,
<br />o -ter
<br />O
<br />M D N
<br />N
<br />r Tr
<br />z
<br />CL
<br />N
<br />�' �.' _
<br />M
<br />O
<br />O (n
<br />rn
<br />O
<br />rn ^
<br />O
<br />r
<br />Co
<br />O
<br />Cn
<br />7c
<br />rV CD
<br />200409269
<br />C_n
<br />�
<br />C z
<br />cn
<br />o
<br />Space Above This Line For Recording Data
<br />3 7, cv
<br />ASSIGNMENT OF LEASES AND RENTS
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is September 17, 2004.
<br />The parties and their addresses are:
<br />ASSIGNOR:
<br />DOUGLAS M WESTERBY
<br />Spouse of Victoria Westerby
<br />3620 Catfish Ave
<br />Grand Island, Nebraska 68801
<br />VICTORIA WESTERBY
<br />Spouse of Douglas M Westerby
<br />husband and wife
<br />3620 Catfish Ave
<br />Grand Island, Nebraska 68801
<br />LENDER:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />1451 North Webb Road
<br />Grand Island, Nebraska 68803
<br />TIN: 47- 0343902
<br />1. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $340,000.00. This limitation of amount does not include interest and other fees and charges
<br />validly made pursuant to this Assignment. Also, this limitation does not apply to advances made under the
<br />terms of this Assignment to protect Lender's security and to perform any of the covenants contained in this
<br />Assignment.
<br />2. SECURED DEBTS. This Assignment will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 254238 -101, dated September 17, 2004, from
<br />Assignor to Lender, with a loan amount of $340,000.00.
<br />B. All Debts. All present and future debts from Assignor to Lender, even if this Assignment is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Assignment, each agrees that it will secure debts incurred either individually or with
<br />others Nk\,a may r\ot sign this Assignment. Rothing in this Assignment constitutes a commitment to make
<br />additional or future loans or advances. Any such commitment must be in writing. In the event that Lender
<br />fails to provide any required notice of the right of rescission, Lender waives any subsequent security interest
<br />in the Assignor's principal dwelling that is created by this Assignment. This Assignment will not secure any
<br />debt for which a non - possessory, non - purchase money security interest is created in "household goods" in
<br />connection with a "consumer loan," as those terms are defined by federal law governing unfair and deceptive
<br />credit practices. This Assignment will not secure any debt for which a security interest is created in "margin
<br />stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law
<br />governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this
<br />Assignment.
<br />3. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of
<br />which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment,
<br />Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the
<br />following (Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written, or verbal agreements for
<br />the use and occupancy of the Property, including but not limited to any extensions, renewals, modifications
<br />or replacements (Leases).
<br />B. Rents, issues and profits, including but not limited to security deposits, minimum rents, percentage rents,
<br />additional rents, common area maintenance charges, parking charges, real estate taxes, other applicable
<br />Douglas M Westerby
<br />Nebraska Assignment of Leases and Rents Initials
<br />NE/ 4XX28333000725200004364015091704Y °1996 Bankers Systems, Inc., St. Cloud, MN Ecj5Zi "' Page 1
<br />
|