|
ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated January 31. 2003, is made and executed between Toby S. Mohler and
<br />Stephanie D. Mohler, husband and wife, whose address is 4104 Driftwood Drive, Grand Island, NE 68803
<br />(referred to below as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304
<br />W 3rd St, Grand Island, NE 68801 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration. Grantor hereby assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Parcel #1
<br />Lot Nine (9), in Block Twelve (12), Boggs and Hill's Addition to the City of Grand Island, Hall County.
<br />Nebraska
<br />Parcel #2
<br />Lot Three (3), Block Ten (10), Bonnie Brae Addition to the City of Grand Island, Hall County, Nebraska
<br />Parcel #3
<br />Lot Fifteen (15), in Westwood Park Sixth Subdivision. in the City of Grand Island, Hell County, Nebraska
<br />The Property or its address is commonly known as 1834 West 10th Street, Grand Island, NE 68803, 1615
<br />West 4th Street and 4162 Faidley Avenue. Grand Island, NE 68803. The Property tax identification number is
<br />400021552,400022583 and 400406047
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents. Grantor shall pay to Lender
<br />ell amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment.
<br />Unless antl until Lender exercises its right to collect the Rents as provided below and so long as there Is no default under this Assignment,
<br />Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of
<br />the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral In a bankruptcy proceeding.
<br />P
<br />A
<br />I n n
<br />D
<br />CCa
<br />to
<br />I
<br />m
<br />W
<br />—S CL
<br />f
<br />3
<br />_ 1
<br />R
<br />a
<br />WHEN RECORDED MAIL TO:
<br />Minneapolis Loan Ops Center
<br />Attn: Collateral Processing - Rep III
<br />200301316
<br />730 2nd Ave. South Suits 1000
<br />Minneapolis, MN 55479
<br />FOR
<br />RECORDER'S
<br />USE ONLY
<br />VII
<br />IN
<br />I IRI0000
<br />I'IpIII IIIp��NINI IIIryf Ilpry''N� N
<br />I
<br />00 000000090 II IIIIIII
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated January 31. 2003, is made and executed between Toby S. Mohler and
<br />Stephanie D. Mohler, husband and wife, whose address is 4104 Driftwood Drive, Grand Island, NE 68803
<br />(referred to below as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304
<br />W 3rd St, Grand Island, NE 68801 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration. Grantor hereby assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Parcel #1
<br />Lot Nine (9), in Block Twelve (12), Boggs and Hill's Addition to the City of Grand Island, Hall County.
<br />Nebraska
<br />Parcel #2
<br />Lot Three (3), Block Ten (10), Bonnie Brae Addition to the City of Grand Island, Hall County, Nebraska
<br />Parcel #3
<br />Lot Fifteen (15), in Westwood Park Sixth Subdivision. in the City of Grand Island, Hell County, Nebraska
<br />The Property or its address is commonly known as 1834 West 10th Street, Grand Island, NE 68803, 1615
<br />West 4th Street and 4162 Faidley Avenue. Grand Island, NE 68803. The Property tax identification number is
<br />400021552,400022583 and 400406047
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents. Grantor shall pay to Lender
<br />ell amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment.
<br />Unless antl until Lender exercises its right to collect the Rents as provided below and so long as there Is no default under this Assignment,
<br />Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of
<br />the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral In a bankruptcy proceeding.
<br />
|