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ASSIGNMENT OF RENTS 2 � 10 0 7 6 2�
<br />Loan No: 3408320144 (COntinu8d) Page 7
<br />mpdified from time to time, together with all exhibits and schedules attached to this ASSIGNMENT OF RENTS tram time to time.
<br />Borrowar. The word "Borrower" means GMD, L.L.C..
<br />Default. The word "Default" means the Default set forth in this Assignment in the section titled "Defeult".
<br />Event of Default. The words "Event of Default" mean any of the events of defeult set forth in this Assignment in the default section
<br />of this Assignment.
<br />Grantor. The word "Grantor" means Lacy Construction Company; and GMD, L.L.C..
<br />Guaranty. The word "Guaranty" means 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 />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under tha Npte
<br />or Rsleted Documents, together with all renewals of, extensions of, modifications of, cnnsolidations of and substitutions for the Note
<br />ar Rel�ted Dacuments and any amounts expended or advanced by Lender to discharge Grantnr's obligations or expenses incurred by
<br />Lender ta enfprce Grantor's o6ligations under this Assignment, together with intarest on such amounts as provided in this
<br />Assignment. Specifically, without limitation, Indebtedness includes all amounts that may be indirectly secured by the
<br />Cross-Collateralization provision of this Assignment.
<br />Lender. 7he word "Lander" means Wells Fargn Bank, National Association, its successors and assigns.
<br />Npte. The wprd "Nota" means the nota pr credit agreement dated Qctober 6, 2010, in the principal amount at $1,50p,000.00 and
<br />the note or credite agreement dated February 22, 2008, in the principal amount of S2,1 QO,OA0.00 from 8prrower to Lender, together
<br />with all renawals of, extensiqns af, modifications of, refinances of, consqtidatipns of and substitutions for the note or credit
<br />agreement.
<br />Property. The wvrd "Praperty" means ell of Gr�ntor's right, title and interest in and to all the Property as described in the
<br />"Assignment" 8ectian of this Assignmant.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit egreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />instruments, agreements and dacuments, whether now or hereafter existing, executed in connectivn 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 />tuture 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 Grantvr's right to enforce such leases and to
<br />receive and callect payment and proceeds thereunder.
<br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS QF THIS ASSIGNMENT, AND NOT PER50NALLY BUY AS
<br />AN AUTHORIZED SIGNER, HAS CAUSED THIS ASSIGNMENT TQ BE SIGNED AND EXECUTED ON BEHALF OF GRANTOR ON OCtOBER
<br />6. 201 Q.
<br />GRANTpR:
<br />LACY U I C ANY
<br />�
<br />By:
<br />Ger ld A uisma n, resident of Lacy Cnnstruction Company
<br />GMD, .
<br />By:
<br />Gerald A Huismann, Manager nf GMU, L.L.G.
<br />
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