|
<br />loan No: 10
<br />
<br />ASSIGNMENT OF RENTS
<br />(Continued)
<br />
<br />200602671
<br />
<br />Page 4
<br />
<br />Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of
<br />the Note.
<br />
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by
<br />Lender to enforce Grantor's obligations under this Assignment, together with interest on such amounts as provided in this
<br />Assignment. Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances provision,
<br />together with all interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this
<br />Assignment.
<br />
<br />Lender. The word "Lender" means FIRST NATIONAL BANK NORTH PLATTE, its successors and assigns.
<br />
<br />Note. The word "Note" means the promissory note dated March 1 0, 2006, in the original principal amount of
<br />$305.250.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations
<br />of, and substitutions for the promissory note or agreement.
<br />
<br />Property. The word "Property" means all of Grantor's right. title and interest in and to all the Property as described in the
<br />"Assignment" section of this Assignment.
<br />
<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
<br />instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />
<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
<br />future leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts receivable, cash or security
<br />deposits, advance rentals, profits and proceeds from the Property, and other payments and benefits derived or to be derived from such
<br />leases of every kind and nature, whether due now or later, including without limitation Grantor's right to enforce such leases and to
<br />receive and collect payment and proceeds thereunder.
<br />
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT PERSONALLY BUT AS
<br />AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON MARCH 10,
<br />2006.
<br />
<br />GRANTOR:
<br />
<br />
<br />By:
<br />
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />
<br />STATE OF ~l'J'.{.b('o.J~\<l\..
<br />C (\t.~\ Y\
<br />
<br />)
<br />) SS
<br />)
<br />
<br />COUNTY OF
<br />
<br />On this It')'\.-"" day of Nlo...rc~'1 ,20 0'-1 , before me, the undersigned Notary Public,
<br />personally appeared DENNIS A BLEVINS, MEMBER of TRI-CITY PROPERTIES, L.L.C.. and known to me to be partner or designated agent of
<br />the limited liability company that executed the ASSIGNMENT OF RENTS and cknowledged the Assignment to be the free and voluntary
<br />act and deed of the limited liability company, by authority of statute, its articl s of organization or its operating agreement, for the uses and
<br />purposes therein mentioned, and on oath stated that he or she is auth ized to execu this Assignment and in fact executed the
<br />Assignment on behalf of the limited liability company.
<br />
<br />Jb:ENERAL NOTARY. Stale of Nebraska
<br />M GREG W. WILKE
<br />:':i'.;;;:::.'S; My Comm. Exp.
<br />
<br />
<br />
<br />~L.r"""lls.:..
<br />
<br />Residing at
<br />My commission expires
<br />
<br />~-t-&..-
<br />
<br />7 /q Ic.:"
<br />I I
<br />
<br />I"ASI;:R p~o l..jJFlQ1ng, Vltr, 5,30,00,004 COj)f, 1-1&1181\(1 fln&r\tllll 5IJlulion8. InG. 1SS7, 2006. All Righla RlIlIllrvlld. . NE l:\CFIWIN\CFI\LPL\G14.FC TR.6504 PR.5
<br />
<br />"
<br />
<br />-'"
<br />
|