|
<br />Loan No: 809780
<br />
<br />ASSIGNMENT OF RENTS
<br />(Continued)
<br />
<br />200900582
<br />
<br />Page 4
<br />
<br />Assignment. Tha word "Assignment" means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may be amended or
<br />modified from time to time, together with all exhibits and schedules attached to this ASSIGNMENT OF RENTS from time to time.
<br />
<br />Borrower. The word "Borrower" means Gary L. Carothers.
<br />
<br />Default. The word "Default" means the Default set forth in this Assignment in the section titled "Default".
<br />
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Assignment in the default section
<br />of this Assignment.
<br />
<br />Grantor. The word "Grantor" means Gary L. Carothers.
<br />
<br />Guaranty. The word "Guaranty" maans the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
<br />without limitation a guaranty of all or part of the Note.
<br />
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by
<br />Lender to enforce Grantor's obligations under this Assignment, together with interest on such amounts as provided in this
<br />Assignment. Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances provision,
<br />together with all interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this
<br />Assignment.
<br />
<br />Lender. The word "Lender" means Equitable Bank, its successors and assigns.
<br />
<br />Note. The word "Note" means the promissory note dated January 20, 2009, in the original principal amount of
<br />$ 215.000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations
<br />ot, and substitutions for the promissory note or agreement.
<br />
<br />Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the
<br />"Assignment" section of this Assignment.
<br />
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />
<br />Rents. The word "Rents" means all of Grantor's present and future rights, title and interest in, to and under any and all present and
<br />future leases, including, without limitation, all rents, revenue, income, issues, royalties, bonuses, accounts receivable, cash or security
<br />deposits, advance rentals, profits and proceeds from the Property, and other payments and benefits derived or to be derived from such
<br />leases of every kind and nature, whether due now or later, including without limitation Grantor's right to enforce such leases and to
<br />receive and collect payment and proceeds thereunder.
<br />
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS DOCUMENT IS EXECUTED
<br />ON JANUARY 20, 2009.
<br />
<br />GRANTOR:
<br />
<br />x~1Aj~
<br />. -Gary L rothers
<br />
<br />---
<br />
<br />INDIVIDUAL ACKNOWLEDGMENT
<br />
<br />STATE OF
<br />
<br />__.__JJ e- L rask<=L_
<br />J-I~I (
<br />
<br />)
<br />) SS
<br />)
<br />
<br />COUNTY OF
<br />
<br />On this day before me, the undersigned Notary Public, personally appeared Gary L. Carothers, A Single Person, to me known to be the
<br />individual described in and who executed the ASSIGNMENT OF RENTS, and acknowledged that he or she signed the Assignment as his or
<br />her free and voluntary act and deed, for the uses and purposes therein mentioned. .
<br />
<br />Given undo< my h.nd .od offIol.1 ".1 tho;zo d.yof I"-F!v""-j!-
<br />
<br />By ~ '
<br />
<br />Notary Public in and for the State of
<br />
<br />Residing at b r~n! I5'
<br />
<br />My commission expires _._$
<br />
<br />GENERAl. NOTARY. state of NeblBSka
<br />DAVID F. DOHMEN
<br />My Comm. Exp. Aug. 4, 2012
<br />
<br />
<br />LASER PRO Lending, Ver. 5.43.00.003 Copr. Harland Financial Solutions, Inc. 1997, 2009.
<br />F:\CFI\LPL\G 14.FC TR-3870 PR-15
<br />
<br />All Rights Reserved.
<br />
<br />. NE
<br />
<br />; ),
<br />
<br />:; h "
<br />
|