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<br />~. ~ASSIGNMf NT of .RENTS <br />83-" tlE1~~r~9 <br />z~t~~; <br />iJse:erish Hates pt~idiax foz precamputed intuest. <br />TtfE ABOVE SPADE FOR RECORDE&S USE 6NLY <br />KNOW All NtEN By THESE PgESENTS THAT WEA1BEi7. i1()ONAW <br />Iherainaftar~ceffed "ihe Asignor") of the City or Tawn of Great Bend ,County of BaZtOn <br />and.Sfateot Kansas , in consrderation of 51.00 and other good and valuable consideration, the receipt of which is hereby <br />acknawiedgett, hereby assigns anti transfers to 1~8OCi etas GOl~terCi gt Gorpo*ation , <br />a Dalarrar8-cnrpgW[jgrk~ha~~tu~alled "the Assignee") of 10870 Eenson Drive. Suite 2150 city of Overland Park. <br />State-ofrp11g1l1lRSa~+r+eitts,Searmfegs, mcoma and avails from the fottawing described real estate now due or which may hereafter become due by virtue of <br />pity i'a _u vy w„".ant: S ,°ow. :. .......... .....».. _. .°r~°! for the ~ __ _. ____~_. _ ^f c~id real e___., _ _ _ _ fhar arf, which may have bean <br />har8t4#oreor-array haraafter txr made and agreed to.~or to any deposits received in connection with lettingrof [hersama nar <br />See Exhibit A attached hereto and made a part hereof. <br />Tha a#oresaid Kansferentlassignment shall !xi absolute, except az hereirset[ar provider!. <br />a guaranty of <br />Said sssignrr>eett is given as additional security to secure the payment of/a loan evidenced by a note of even date herewith in the amount of <br />$ j-s #l~f}s (~jjfi , secerreq by a mar ~~e <br />ittereirta#ter caNad "the ~eurrfy inafrumant"i o4 even gate herewith, and which assignment shat! remain m full force and effect until said loan, interest <br />and other costs and cnxges provided shalt be fully paid. <br />71~ wiffiin assignment shall not betatme operative until a default shalt occur under the terms and obligations comained in said security instrument or <br />in-the Hats set:uredtherebl`W <br />in-the-elan[ of a default as aforesaid, the Assigrrar ageas: the Assignee, ns agents or servants, may at its discretion take Rossession of said real estate <br />and iiufd,-ritan+tA+ and:Gantrol the serrre- and the improvements thereon; make necessary repairs, replacements, alterations and improvements to said real <br />estate as rise Assignee in its safe discretion may deem tit ant! rreressary; insure and relnsura said premises, lease and rent the same or any part thereof for <br />such-sums on such terms as the Assigrtae, or its agents shall sae fit; and Mllect end hold all tents, income and earnings derived from said premises, <br />including deposits enistfe and to be ntada, and which shell 6e applied in the sole discretion of ihe Assignee in payment or on account of: <br />#if-Experrees of-: operating,. mae+tainiag, repairing, making reptecentenfs and aherativnz; the payment of-taxes and assessments; insurance, and <br />reawrtabfe wttMpensaiksrr for. rtes ~rvicaa- rantfered by ihe Assignee, its attorneys, agents,. servants a other persoru employetl for services in confection <br />- wild°tha maintenance; 4p~etiaris acid mrntegesnent of said real estate: and such other wms as may tre required to indemnity Assignee against any liability, <br />_, 10#-ar defPage tm- acmetnt o#-emyadz tkuse in gexid #aith pursuant to ihe rights arui powers granted hereunder. <br />- t7J i+itarKt; ptineipa! err ether -charges which have or may become due, erom time to time, under the terms of the note secured by said security <br />- - iet;th'tiitMttt, vv}thout prejudice o!-ilia reght m enforceany aced ell retnedias which Assignee has by reason of any default as aforesaid. <br />-- #3) 'Atiy ilefiaietcY which nfrtY_ be tlacreed against the Assignor in favor of the Assignee or Tr stee amt when aN of the aforesaid payments and <br />- - dettuesxaseritsttava teen ntage, any.amaitvtag surpkts shelf be paid to the A$ignor, <br />The Aseigdse-met. in. ills evgrtt of a deftntit as a#txasaid, use wch measures, legs! and equitable, as in the Assignee's discretion may ba deemed RroRar <br />ar neca~Y ~-;as#dt~ttfe:peyn*ent of the security of sucfs rents, earnings, income amt avails. <br />~~ Page 1 <br /> <br /> <br /> <br />