|
<br />
<br /> '10 ~~ ~
<br /> ~
<br /> c: ~-R ::z:
<br />n z
<br />:x: ~ c ....- !......,~
<br />rn ~ c...) ("") u, ~I,
<br /> =.;>
<br />n en "'- -:J 0 --i
<br />~ ::r: ...--1:' :D c:: 1>
<br /> -~ f' " "'""'0 Z' --.-.j
<br /> po, V';, :::0 -i f"1l
<br /> c:;-) _ ;;- -< C) oar
<br /> o -""f 0 .,
<br /> '"T1 en ~TJ Z
<br /> tL ~~
<br /> 0 ~ '\ ::r:: IT1
<br /> m -'0 )"'" CU
<br /> 1""1 ::3 r- A)
<br /> 0 r- 1>
<br /> U>
<br /> ~ W U) ---J~
<br /> ;:><;
<br /> :::>
<br /> Co.) '--' '--' Q)::s
<br /> rv (j) ...I:.....
<br /> (/) :2
<br /> ~
<br />
<br />
<br />p
<br />...
<br />
<br />N
<br />\SI
<br />\SI
<br />-...,J
<br />\SI
<br />N
<br />-...,J
<br />ex:>
<br />.J:>.
<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 />Minneapolis, MN 55479
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />
<br />~~
<br />
<br />o
<br />
<br />200080992409800090
<br />
<br />ASSIGNMENT OF RENTS
<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 />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 />
<br />511 O'Neill Circle, Grand Island, NE 68801
<br />Lot Nine (9), O'Neill Second Subdivision to the City of Grand Island, Hall County, Nebraska.
<br />
<br />1305-1311 Hope Circle, Grand Island, NE 68801
<br />Lot Three (3), O'Neill Third Subdivision to the City of Grand Island, Hall County, Nebraska and that part of
<br />vacated Hope Street as shown in Ordinance No. 5596 recorded in Book 26, Page 601, Excepting a certain
<br />tract more particularly described in Deed recorded in the Register of Deeds Office as Document No.
<br />78-002469.
<br />
<br />The Property or its address is commonly known as 511 O'Neill Circle and 1305-1311 Hope Circle, Grand
<br />
<br />Island, NE 68801, The Property tax identification number is 400068605 and 400068656.
<br />
<br />CROSS-COllATERAlIZATION. 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 hereafter 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 hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter 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 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 />
|