|
<br />I
<br />
<br />'1f
<br />84 .......1 0018:55
<br />
<br />r
<br />
<br />ASSIGNMENT OF RENTS AND LEASES
<br />
<br />Bison Investors V Limi ted Partnership, a NebrasKa Ilmi ted
<br />partnership ("Assignor"), for valuable consideration paid by
<br />COMMERCIAL SAVINGS COMPANY OF GRANO ISLAND, NebrasKa
<br />('IAssignee"), herebY conveys, transfers and assigns to the
<br />Assignee, its successor's and a.ssigns, all the rights, interest
<br />and privi leges, which the Assignor as Lessor has and may have
<br />in the lease now existing and affecting the real property
<br />described as Lot 4, BlocK 9 Continental Gardens, Addition to
<br />the City of Grand Island, Hall County, NebrasKa. (col~ectively
<br />the IIPremisesQ) or any part thereof as such lease may have
<br />been, or may from time to time be, hereafter mOdified,extended
<br />and renewed, with all rents, income and profits due and
<br />be:comi ng du.;. thp'rfo+rom~ th~ 1 e~se-4? IJn.j€,r- SIJCh i ea..Sf? agr-E'emf?nts
<br />da ted r-larch 23, 1984, be i n9 Growth Managecmen t Corpora t ion -
<br />Grand Island (D/B/A Amigo's), a NebrasKa corporation. The
<br />ASSignor l.\.ill, on request c,f the Assignee, execute assignments
<br />of any future lease affecting any part of the Premises while
<br />any part of the note ,eferred to hereinbelow remains
<br />outstanding and unpaid.
<br />
<br />This assignment is mad& as additional secu~ity for th~
<br />payment of a certain note and Mortgage or Deed of Trust (and
<br />all extensions or modifications thereof) made by Bison
<br />Investors V Limited Partnership to Commercial Savings Company
<br />of Grand Island In the~~~ of Ten Thousand Dollars ($10,000.00)
<br />'"lith interest, dated ~ I' ,1'''84, covering the
<br />Prem j ses.
<br />
<br />The acceptance of this assignment and the collection of
<br />rents or the payments under the leases hereby assign.edshall
<br />not constitute a waiver of any rights of the Assignee undeI' thi!'
<br />terms of such note and Mortgage 0.1" Deed of Trust. it is
<br />expressly understood and agreed bY the parties hereto that,
<br />before defaul t occurs under thE< terms 0.'1' such note andmol"'t9a;9i!'
<br />0.1" Deed of Trust, Assignof' shall have the right toco.l.lect, sli:cb'
<br />r'ents, Income and profi ts fram the afoI"em.entioned leasJ!'sanq..to,
<br />retain, use and ...njoy the same. Anything to. the contrarY
<br />notw i ths tand I ng, As. i gnor hereby ,?ss Ign... to. Ass i gnee any aw""r'q'
<br />made hereafter to it In any court procedure invo.lving any .
<br />less..e .n any banKruptcy, insolvency, or rearganizatLan
<br />proc..ed I "gs in any state or feder-.Il COUI" t and any and aU
<br />payments made by lessee in lieu of rent. Assigno.r hltl",J!'.I::W
<br />appoints ASSignee as Its irre'Jocable aHorney-in-fact 'to apI!Etllol"
<br />in any ac t i on and/or to. colI ec t any such a\>lard 0.1" PaY!I!.t>nt.
<br />
<br />The Assignor', in the event of default in the perf,ol"m:a;nce
<br />of an>' of the terms a.'1d condl t ions of s,uch note andmo.l"tg:ageor.
<br />Deed of Trust, herebY autho.rizes the As.ignee, at its o.~tion,
<br />to. enter a.nd taKe possessi on of the Premi ses and to. man.age,and
<br />oper'a.te the same, to collect all or any rents accurino
<br />ther'efrom and from such leases, to. let or re-let the Premises
<br />or any part thereof, to. cancel or modify the leases, evict
<br />
<br />L
<br />
<br />L
<br />
<br />L
<br />
<br />
<br />LJ
<br />
<br />..J
<br />
|