|
<br /> j1CJ &Q~
<br /> m
<br /> fl "'n
<br /> c:: m en
<br /> n z ~ n :c
<br /> :0- J: ~ 0 -,,"",;1\
<br /> .-
<br /> ~ m ~ \I'
<br />J\.) n en
<br />lSl '" :E: OJ
<br />lSl !
<br />-..J
<br />lSl
<br />J\.)
<br />-..J
<br />co
<br />J\.)
<br />
<br />
<br />
<br />WHEN RECORDED MAIL TO:
<br />Wells Fargo Bank, National Association
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Avenue South, Suite 1000
<br />MinneaDolis, MN 55479
<br />
<br />
<br />200080992410100090
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br /> r,-....,,:) sa
<br /> :e::::~." 0 U)
<br /> C'J
<br /> 'j\ --.3 0 -~ 0 I
<br /> :D c > N
<br /> ,.-"~ " z: ~1
<br />::u $2" -0 -I rrl
<br />rr: .-\-.. :::0 0
<br />c:> '" (-' -< 0 ar
<br /><:) ''\~ 0 '1 c::>
<br />'~'f"1 en ., ~J
<br /> i'L -.-
<br />C) """\ ',- r"r;
<br />m t -u :r-.... ("'~"'l
<br />m :3 , ::0
<br />0 r ;ro..
<br />(fJ U) ~I
<br /> c....:> ^
<br /> >-
<br /> c....:> --- ---
<br /> N (I) N2
<br /> en 0
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />~
<br />~"
<br />~
<br />
<br />THIS ASSIGNMENT OF RENTS dated April 6, 2007, is made and executed between Thomas W. O'Neill and Jill
<br />A. O'Neill, husband and wife, whose address is 2017 Barbara Avenue, Grand Island, NE 68803; (referred to
<br />below as "Grantor") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd Street, Grand
<br />Island, NE 68801 (referred to below as "Lender").
<br />
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and
<br />
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />
<br />Property located in Hall County, State of Nebraska:
<br />
<br />Lot Four (4). O'Neill Second Subdivision to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The Property or its address is commonly known as 516 O'Neill Circle, Grand Island, NE 68801. The Property
<br />
<br />tax identification number is 400068540.
<br />
<br />CROSS-COllATERALlZATION, In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Grantor to lender, or anyone or more of them, as well as all claims by lender against Grantor or anyone or more of them, whether
<br />now existing or hereaher arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Grantor may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereaher may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereaher may become otherwise unenforceable.
<br />
<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 />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to lender
<br />all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment.
<br />Unless and until lender exercises its right to collect the Rents as provid" 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 />
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as
<br />disclosed to and accepted by lender in writing.
<br />
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to
<br />lender.
<br />
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.
<br />
|