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<br />ASSIGNMENT OF LEASES AND RENTS
<br />3 5,50
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is December 8, 2006.
<br />The parties and their addresses are:
<br />ASSIGNOR:
<br />JLF, LLC
<br />A Nebraska Limited Liability Company
<br />2154 11 th Road
<br />Central City, Nebraska 68826
<br />COFFEE WITH CLASS, INC.
<br />A Corporation
<br />D /B /A Barista's Daily Grind
<br />2154 11 th Rd
<br />Central City, Nebraska 68826
<br />LENDER:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. SMALL BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United
<br />States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business
<br />owners. If the United States is seeking to enforce this Assignment, then under SBA regulations:
<br />A. When SBA is the holder of the Note, this Assignment and all documents evidencing or securing the
<br />Secured Debts will be construed in accordance with federal law.
<br />B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents,
<br />giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any
<br />federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or
<br />assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA
<br />with respect to the Secured Debts.
<br />Any clause in this Assignment requiring arbitration is not enforceable when SBA is the holder of the Note
<br />secured by this Assignment.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $800,000.00. 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 />3. SECURED DEBTS. The term "Secured Debts" includes and this Assignment will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 316710 -100, dated December 8, 2006, from
<br />Assignor to Lender, with a loan amount of $800,000.00. One or more of the debts secured by this
<br />Assignment contains a future advance provision.
<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 who may not sign this Assignment. Nothing 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 />JLF, LLC
<br />Nebraska Assignment of Leases and Rents Initials
<br />NE1 4XX2 8333000937 1 00005 1 8 7024 1 2 07 06Y 11996 Bankers Systems, Inc., St. Cloud, MN Page 1
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<br />Space Above This Line For Recording Data
<br />ASSIGNMENT OF LEASES AND RENTS
<br />3 5,50
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is December 8, 2006.
<br />The parties and their addresses are:
<br />ASSIGNOR:
<br />JLF, LLC
<br />A Nebraska Limited Liability Company
<br />2154 11 th Road
<br />Central City, Nebraska 68826
<br />COFFEE WITH CLASS, INC.
<br />A Corporation
<br />D /B /A Barista's Daily Grind
<br />2154 11 th Rd
<br />Central City, Nebraska 68826
<br />LENDER:
<br />PLATTE VALLEY STATE BANK &TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />810 Allen Drive
<br />Grand Island, Nebraska 68803
<br />1. SMALL BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United
<br />States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business
<br />owners. If the United States is seeking to enforce this Assignment, then under SBA regulations:
<br />A. When SBA is the holder of the Note, this Assignment and all documents evidencing or securing the
<br />Secured Debts will be construed in accordance with federal law.
<br />B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents,
<br />giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any
<br />federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or
<br />assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA
<br />with respect to the Secured Debts.
<br />Any clause in this Assignment requiring arbitration is not enforceable when SBA is the holder of the Note
<br />secured by this Assignment.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $800,000.00. 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 />3. SECURED DEBTS. The term "Secured Debts" includes and this Assignment will secure each of the
<br />following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 316710 -100, dated December 8, 2006, from
<br />Assignor to Lender, with a loan amount of $800,000.00. One or more of the debts secured by this
<br />Assignment contains a future advance provision.
<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 who may not sign this Assignment. Nothing 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 />JLF, LLC
<br />Nebraska Assignment of Leases and Rents Initials
<br />NE1 4XX2 8333000937 1 00005 1 8 7024 1 2 07 06Y 11996 Bankers Systems, Inc., St. Cloud, MN Page 1
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