|
<br />
<br />
<br />
<br /> ASSIGNMENT OF RENTS
<br /> (Continued) 201001905 page 4
<br />
<br /> Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the Indebtedness.
<br /> Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of
<br /> the Note.
<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 /> Lender. The word "Lender" means Exchange Bank, its successors and assigns.
<br /> Note. The word "Note" means the promissory note dated February 26, 2010, in the original principal amount of
<br /> $592,353.08 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of,
<br /> consolidations of, and substitutions for the promissory note or agreement.
<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 /> 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 /> 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 /> THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS DOCUMENT IS EXECUTED
<br /> ON FEBRUARY 26. 2010.
<br /> GRANTOR:
<br /> THE JOCAR LIVI G T S
<br /> By:
<br /> Lloyd 11. rso rustee of The Jocar Living Trust
<br /> By:
<br /> 'Gary R. Ja sor , o -Trustee of The Jocar Living Trust
<br /> Aa,0~7. f,
<br /> By:
<br /> rol J un r on, Co - rustee The.J ar Li Tru
<br /> TRUST ACKNOWLEDGMENT
<br /> STATE OF %\'4, 4~..r. 1
<br /> )SS_
<br /> COUNTY OF K~+ 1
<br /> On this day of ~1wt _ 20 1b_, before me„ the undersigned Notary Public;
<br /> personally appeared. Lloyd B. Gunderson, Cc - Trustee of he Jocar Living Trust; Gary R. Jacobson, Co -Trustee of The Jocar Living Trust;
<br /> a Carol J. Gunderson, Co - Trustee of The Jocar Living Trust, and known to me to be authorized trustee or agents of the trust that
<br /> ecuted the ASSIGNMENT OF RENTS and acknowledged the Assignment to be the free and voluntary act and deed of the trust, by
<br /> authority set forth in the trust documents or, by authority of statute, for the uses an purposes therein mentioned, and on oath stated that
<br /> they are authorized to execute this Assignment and in fact executed the Sig ml o behalf of the trust.
<br /> By _ _ r,
<br /> GENERAL NOTARY-State of Nebraska Notary Public in nd for the State of "TIA4
<br /> ANTHONY V. PORTER Residing at ~t~(~l►~d; ~~n~-.
<br /> My Comm. Exp. May 20, 2012 My commission expires
<br /> LASER PRO Lending, Ver. 5.48.10.001 Copra Harland Financial Solutions, Inc. 1997, 2010. All Rights Reserved. NE
<br /> Y:\LPLEND\CFI\LWG14.FC TR-7296 PR-5
<br />
|