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ASSIGNMENT OF RENTS ~ Q 1 Q Q 4 2 O S
<br />Loan No: 87pp28 (Continued) Page 4
<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, extensiens of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents end 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 tuture advances set forth in the Future Advances provision of
<br />this Assignment, together with all interest thereon.
<br />Lender. The word "Lender" means Equitable Bank, its successors and assigns.
<br />Note. The ward "Note" means the promissory note dated June 14, 2010, in the original principal amount of 5297,ppp.pp
<br />from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Property. The wprd "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 A5SIGNMENT, AND NOT PERSONALLY BUT A5
<br />AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON JUNE 94,
<br />2090.
<br />GRANTOR:
<br />A.G.6:;1.L.C. ~.---
<br />,~ - h
<br />8y.
<br />JER E J WATSON, mbar of A.G.1., L.L.C.
<br />LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
<br />STATE OF 1„! r.~1~ ~J1~-M
<br />SS
<br />COUNTY OF
<br />On this ~ ~l~` day of J U at./~ 20 1 O before me, the undersigned Notary Public,
<br />personally appeared JEROME J WATSON, Member of A.G.I., L.L.C., and known to me to be member or designated agent of the limited
<br />liability company that executed the ASSIGNMENT OF RENTS and acknowledged the Assignment to be the free and voluntary act and deed
<br />of the limited liability company, by authority of statute, its articles of organization or its operating agreement, for the uses and purposes
<br />therein mentioned, and on oath stated that he or she is authorized to execute this Assignment and in fa t executed the Assignment on
<br />behalf of the limited liability company. e //
<br />~~ NQt~. ~ N8bf88k8 Notary Public in and for the State of ~vhdR+~S~ __ .._
<br />BRIAN E. VAHLE Residing at Zh+a~, U!7rba~wc.vb R~?A~t,G/~~ /SG_~f
<br />My Comm. 61p. Feb. 27, 2011 My commission expires 2~~ 7 Ill _ _ _ _...
<br />LASER PRO Lending, Ver. 5.51.00.002 Copr. Harland Financial Solutions, Inc. 1997, 2010. All Rights Reserved. - NE
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