Laserfiche WebLink
<br /> i10 0 E <br /> m % m <br /> ~ m ~ <br /> n :% <br /> 'n Z ~ l'.'.....~ IT1 <br /> ~ C c:'~""> 0 U'; c:> :IJ <br />" '% It~~ -4 <br /> !{J <= 0 rn <br /> m '--:'ll, c:: :P- N C"J <br />N n (I) t"_ :z -4 J> <br />~ :t: r .',' <br />is ;:n s::" ::::0 -4 rT1 C> C/) <br />is Z -< <br />CXl rn ,"i'" 0 c::> <br /> ~-) <..,~t. '~- 0 ..,., ;;~ <br />is ....... en <br />is o " CJ1 ..,., ""- CD -I <br />W "'T1 't\: PI Xl <br /> ,,",- c:> <br />.f::>. "" c' P- CD L::' <br />W rn ~: ::D r" -~" ~: <br /> ,h c:> <br /> P'" ::3 r J... fTl <br /> c.~J Ul 0.) -".. <br /> If> ........ ~~ <br /> t- ....... 7" -I <br /> l> J: Z <br /> J: ----.....-- 0 <br /> -.J (fl W <br /> (fl <br /> <br /> <br /> <br />WHEN RECORDED MAil TO: <br />Platte Valley State Bank & Trust Company <br />PVSB Grand Island Branch <br />810 Allen Dr <br />Grand Island. NE 68803 <br /> <br />':<'/.tJO <br /> <br />FOR RECORDER'S USE ONLY <br /> <br />ASSIGNMENT OF RENTS <br /> <br />THIS ASSIGNMENT OF RENTS dated January 11, 2008, is made and executed between Tim C. Plate; a Single <br />Person (referred to below as "Grantor") and Platte Valley State Bank & Trust Company, whose address is 810 <br />Allen Dr, Grand Island, NE 68803 (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 Sixteen (16) and Seventeen (17), Block Three (3), in Southern Acres Addition to the City of Grand <br /> <br />Island, Hall County, NE <br /> <br />The Property or its address is commonly known as 2612.2616 Chanticleer, Grand Island, NE 68801. The <br /> <br />Property tax identification number is 400093405. <br /> <br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND 121 PERFORMANCE OF ANY AND ALL <br />OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE. THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS <br />ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br /> <br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other <br />law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise <br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by <br />exercise of a power of sale. <br /> <br />BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection <br />with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any <br />defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the <br />Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter <br />what action Lender takes or fails to take under this Assignment. <br /> <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shell 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 menage 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 end authority to enter into this Assignment and to assign and convey the Rents to <br />Lender. <br /> <br />No Prior Aasignment. Grentor has not previously assigned or conveyed the Rents to any other person by any instrument now in force. <br /> <br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as <br />provided in this Assignment. <br /> <br />LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no default shall have <br />occurred under this Assignment. to collect and receive the Rents. For this purpose, Lender is hereby given end granted the following <br />rights, powers and authority: <br /> <br />Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this Assignment and directing all <br />Rents to be paid directly to Lender or Lender's agent. <br /> <br />Enter the Property. Lender may enter upon and take possession of the Property; demand, collect and receive from the tenants or from <br />any other persons liable therefor, all of the Rents; institute and carryon all legal proceedings necessary for the protection of the <br />Property, including such proceedings as may be necessary to recover possession of the Property; collect the Rents and remove any <br />tenant or tenants or other persons from the Property. <br /> <br />Maintain the Property. Lender may enter upon the Property to maintain the Property and keep the same in repair; to pay the costs <br />thereof and of all services of all employees, including their equipment, and of all continuing costs and expenses of maintaining the <br />Property in proper repair and condition, and also to pay all taxes, assessments and water utilities, and the premiums on fire and other <br />insurance effected by Lender on the Property. <br /> <br />Compliance with Laws. Lender may do any and all things to execute and comply with the laws of the State of Nebraska and also all <br />other laws, rules, orders, ordinances and requirements of all other governmental agencies affecting the Property. <br /> <br />Lease the Property. Lender may rent or lease the whole or any part of the Property for such term or terms and on such conditions as <br />Lender may deem appropriate. <br /> <br />Employ Agents. Lender may engage such agent or agents as Lender may deem appropriate, either in Lender's name or in Grantor's <br />name, to rent and manage the Property, including the collection and application of Rents. <br /> <br />Other Acts. Lender may do all such other things and acts with respect to the Property as Lender may deem appropriate and may act <br />exclusively and solely in the place and stead of Grantor and to have all of the powers of Grantor for the purposes stated above. <br /> <br />No Requirement to Act. Lender shall not be required to do any of the foregoing acts or things, and the fact that Lender shall have <br />performed one or more of the foregoing acts or things shall not require Lender to do any other specific act or thing. <br />