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Loan No: 810172
<br />ASSIG C�ntin ed)RENTS 2 0 i 10 3�. 5� page 4
<br />Grantor. The word "Grantor" means JAMES C ARENDS an FRANCES A. ARENDS AKA FRAN A. ARENDS.
<br />Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
<br />without Iimitation a guaranty of all or part of the Note.
<br />Indebtedness. The word "Indebtadness" means all principa , interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, e�cten ions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended or adva ced by Lender to discharge Grantor's obligations or expenses incurred by
<br />Lender to enforce Grantor's obligations under this Assi nment, 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 alI interest thereon and all amounts that ay be indirectly secured by the Cross-Collateralization provision of this •
<br />Assignment.
<br />Lender. The word "Lender" means Equitable Bank, its succ ssors and assigns.
<br />Note. The word "Note" means the promissory note dated pril 22, 2011 in the original principal amount of $50 ,000.00
<br />from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, end
<br />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" mea all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgage , deeds of trust, security deeds, collateral mortgages, and all other
<br />instruments, agreements and documents, whether now or h reafter existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all of Grantor's present a d future rights, title and interest in, to and under any and all present and
<br />future leases, including, without limitation, all rents, revenu , income, issues, royalties, bonuses, accounts receivable, cash or security
<br />deposits, advance rentals, profits and proceeds trom the Pr perty, 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 TH PROVISIONS OF THIS ASSIGNMENT. THIS DOCUMENT IS EXECUTED
<br />ON APRIL 22, 2011.
<br />GRANTOR:
<br />A ES C ENDS
<br />X�� ��%Jit G:c L( ��CLL � ��..�. ��/'I
<br />F A CES A. ARENDS AKA FRAN A. ARENDS
<br />� � � �
<br />INDIVIDUAL �IICKNOWLEDGMENT
<br />STATE OF �V���1`t �
<br />COUNTY OF 1-}-1-FL.L
<br />) SS
<br />On this day before me, the undersigned Notary Public, personal y appeared JAMES C ARENDS and FRANCES A. ARENDS AKA FRAN A.
<br />ARENDS, HUSBAND AND WIFE, to me known to be the indivi uals described in and who executed the ASSIGNMENT OF RENTS, and
<br />acknowledged that they signed the Assignment as their free and voluntary act ar�d deed, for the uses and purposes therein mentioned.
<br />Given under my hand and official seal this 22 � day of �p ( n , 20. ��
<br />ey
<br />GENERAL NOTARY - State of Neb aska otar�ublic in and r the State of �Q�(�SX1�
<br />JOSEPH R. DOBROVO NY esiding at � f`G11� � olcHd
<br />� My Comm. Exp. Sept. 3, 2 12 Q L
<br />y commission expires
<br />ng,
<br />. 5.55.00.002
<br />F:\CFI\LPL\G
<br />14.FC TR-6544 PR-15
<br />rt�ghts rteserved. -
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