|
<br />Loan No: 809348
<br />
<br />ASSIGNMENT OF RENTS
<br />(Continued)
<br />
<br />200608239
<br />
<br />Page 4
<br />
<br />~~~.'.~_._--_._------- .~~",._~."...__._._--_._,-_.,--_._-,---
<br />--.-.---.-----------..-----.----.- " ,.. ....--.------..-.----.-----..--------------.-------------....
<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 tilt') Note
<br />or Related Documents and ;my Ilmounts expended or advanced by Lrmder 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.
<br />
<br />Lender. The word "Lender" means Equitable Bank, its successors and assigns.
<br />
<br />Note. The word "Note" means the promissory note dated September 1, 2006, in the original principal amount of
<br />$1.900.000.00 from Borrower to Lender, together with all renewals nf, extensions of, modifications of. refinancings of,
<br />consolidations 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 flll the Property as described in the
<br />"Assignment" section of this Assignment.
<br />
<br />Related Documents. The words "Related Documents" mean all promissory noles, nedit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateml 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 receivllble, cllsh or security
<br />deposits, advance rentals, profits and proceeds from the Property, and other pllyments Ilnd benefits derived or to be derived from sur:h
<br />leases of every kind and nature, whether due now or later, including without limitlltion Grantor's right to enforce such lellses 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 SEPTEMBER
<br />1, 2006.
<br />
<br />GRANTOR:
<br />
<br />
<br />of Grand Island Nebraska
<br />
<br />By:
<br />
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />
<br />STATE OF ~~C~~~-------------
<br />COUNTY OF _"Br:0J\~
<br />
<br />)
<br />) SS
<br />)
<br />
<br />On this "_ ___J~___________ day of S~ ~______________ __, 20 Q~_____ _, before me, the undersigned Notary Public,
<br />personally appeared Kenneth S. Klein, Member/General Managor; Cynthia R. Klein, Member of Grawl Island Nebraska Associates, l.L.C.,
<br />and known to me to be partners or designated agents of the limited liability company that executed the ASSIGNMENT OF RENTS and
<br />acknowledged the Assignment to be the free and voluntary act and deed of the limited liability company, by authority of statute, its articles
<br />of organization or its operating agreement, for the uses and purposes therein mentioned, and on oath stated that they are authorized to
<br />execute this ASSignment and in fact executed the AsSignment on behalf of the limited liability compllny.
<br />~ d \....JIII ~,," -/1 11 11 ",d."dl.
<br />BY__cyl11 I) )__~.!l:_~!lL~_________ ,...,:'.:_ _ ___ ___ _ "',""
<br />
<br />Notary Public in and for the State of __W~~~~:~'_ ___ "",,--._.::.:'..."--'-...-. '''~.,
<br />~.., \0 ~ .
<br />Residing at fR5{)_:Boone.._~;)-_-Guln __ _ ;~____-':<__\':'?-\. _ ' .;:: _ \
<br />
<br />My commission expires ____1-;;..,~J.bIO ~:;, .;;.- J-, '. ~
<br />., ;.;;- ~.' ...',.: :;
<br />'::. ,~"",.;}>../ .:
<br />
<br />'"'i '"
<br />
<br />LINDA M. McCALL
<br />NOTMY P1J3UC. BRANCH Co~m
<br />Mv ~tOl'l Ex\'IRES JULY 27....
<br />
<br />--------~--'----------~'~"""~1-;i;;~~_:__;~_;OO~OI)3-~~~.I;';;';i~,~.;~';;-~i;;!S.;;j,-;;i~.j;")-,::-;90":--~OQ6.-'-AIiR:i'(~;~';R:=:'~;;-.'.~"'t:i[F:\r.'~I\i.rL\(i 1 UCTR ~flF) rn.17
<br />
<br />. .
<br />"" ".,'
<br />.-~'-----'~~~-~:~,~:~~1;'.-'-::~~ ,,', ~'.
<br />
<br />.';,f'Ij.'lill:ijl"\\\\\
<br />
<br />" .
<br />
<br />..
<br />
<br />..
<br />
|