|
<br />200808200
<br />
<br />deceptive credit practices. This Assignment will not secure any debt for which a security interest is created in
<br />"margin stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law
<br />governing securities.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Assignment.
<br />
<br />3. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of
<br />which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment,
<br />Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the following
<br />(Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the
<br />use and occupancy of the Property, including but not limited to any extensions, renewals, modifications or
<br />replacements (Leases).
<br />B. Rents, issues and profits, including but not limited to security deposits, minimum rents, percentage rents,
<br />additional rents, common area maintenance charges, parking charges, real estate taxes, other applicable taxes,
<br />insurance premium contributions, liquidated damages following default, cancellation premiums, "loss of rents"
<br />insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general intangibles,
<br />and all rights and claims which Assignor may have regarding the Property (Rents).
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />
<br />A TRACT OF LAND COMPRISING A PART OF THE NORTH HALF OF THE NORTHEAST QUARTER (N1/2
<br />NE1/4) OF SECTION THIRTY (30), TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE 6TH P.M.,
<br />HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY DESCRIBED AS FOLLOW: BEGINNING AT THE
<br />NORTHWEST CORNER OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SAID
<br />SECTION THIRTY (30), THENCE RUNNING EASTERLY, ALONG AND UPON THE NORTH LINE OF SAID
<br />NORTH HALF OF THE NORTHEAST QUARTER (N1/2 NE1/4), A DISTANCE OF FOUR HUNDRED TWENTY
<br />FIVE AND FORTY SIX HUNDREDTHS (425.46) FEET; THENCE DEFLECTING RIGHT 97 DEGREES 27' 19"
<br />AND RUNNING SOUTHERLY, A DISTANCE OF TWO HUNDRED SEVENTY TWO AND ONE HUNDREDTHS
<br />(272.01) FEET; THENCE DEFLECTING RIGHT 90 DEGREES DO' 00" AND RUNNING WESTERLY, A
<br />DISTANCE OF THIRTY FIVE (35.0) FEET; THENCE DEFLECTING LEFT 90 DEGREES 00' 00" AND RUNNING
<br />SOUTHERLY, A DISTANCE OF THIRTY (30.0) FEET; THENCE DEFLECTING LEFT 90 DEGREES DO' 00" AND
<br />RUNNING EASTERLY, A DISTANCE OF THIRTY FIVE (35.0) FEET; THENCE DEFLECTING RIGHT 90
<br />DEGREES DO' 00" AND RUNNING SOUTHERLY, A DISTANCE OF TWO HUNDRED FORTY AND SEVENTY
<br />TWO HUNDREDTHS (240.72) FEET; THENCE DEFLECTING LEFT 07 DEGREES 23' 10" AND RUNNING
<br />SOUTHERLY, A DISTANCE OF THREE HUNDRED SEVENTY EIGHT AND SIXTY SIX HUNDREDTHS (378.66)
<br />FEET; THENCE DEFLECTING RIGHT 89 DEGREES 55' 51" AND RUNNING WESTERLY, PARALLEL WITH
<br />THE NORTH LINE OF SAID NORTH HALF OF THE NORTHEAST QUARTER (N1/2 NE1/4), A DISTANCE OF
<br />FOUR HUNDRED FIFTY THREE AND EIGHT HUNDREDTHS (453.08) FEET; THENCE DEFLECTING RIGHT
<br />87 DEGREES 49' 08" AND RUNNING NORTHERLY, A DISTANCE OF EIGHT HUNDRED FIFTY FIVE AND
<br />TWENTY TWO HUNDREDTHS (855.22) FEET TO A POINT ON THE SOUTHERLY RIGHT OF WAY LINE OF
<br />SCHULTZ ROAD; THENCE DEFLECTING RIGHT 91 DEGREES 06' 13" AND RUNNING EASTERLY, ALONG
<br />AND UPON SAID SOUTHERLY ROAD RIGHT OF WAY LINE, A DISTANCE OF ONE HUNDRED FIFTY NINE
<br />AND FORTY FOUR HUNDREDTHS (159.44) FEET; THENCE DEFLECTING LEFT 08 DEGREES 28' 00" AND
<br />RUNNING EASTERLY, ALONG AND UPON SAID SOUTHERLY ROAD RIGHT OF WAY LINE, A DISTANCE OF
<br />ONE HUNDRED FIFTY EIGHT AND THREE TENTHS (158.30) FEET TO A POINT ON SAID SOUTHERLY
<br />ROAD RIGHT OF WAY LINE, SAID POINT BEING THIRTY THREE (33.0) FEET SOUTH OF (MEASURED
<br />PERPENDICULAR TO) THE NORTH LINE OF SAID NORTH HALF OF THE NORTHEAST QUARTER (N1/2
<br />NE1/4); THENCE DEFLECTING LEFT 170 DEGREES 28' 21" AND RUNNING WESTERLY, ALONG AND UPON
<br />SAID SOUTHERLY ROAD RIGHT OF WAY LINE, WHICH IS, PARALLEL WITH AND THIRTY THREE (33.0)
<br />FEET SOUTH OF (MEASURED PERPENDICULAR TO) THE NORTH LINE OF SAID NORTH HALF OF THE
<br />NORTHEAST QUARTER (N1/2 NE1/4), A DISTANCE OF ONE HUNDRED EIGHTY FOUR AND SIX TENTHS
<br />(184.60) FEET TO A POINT ON THE WEST LINE OF THE NORTHEAST QUARTER OF THE NORTHEAST
<br />QUARTER (NE1/4 NE1/4) OF SAID SECTION THIRTY (30); THENCE DEFLECTING RIGHT 90 DEGREES 12'
<br />
<br />Ronald L. Follmer
<br />Nebraska Assignment of Leases and Rents
<br />NE/4XXSPAITZ00000000000111043092208N
<br />
<br />@1996 Bankers Systems, Inc.. St. Cloud, MN ~..
<br />
<br />Initials i::d..J.
<br />Page 2
<br />
|