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<br />WHEN RECQRqED MAIL T0;
<br />Commerce Bank
<br />Tu1sa Banking Centar
<br />6730 East 81st Street
<br />Tuisa OK 74737 FOR RECORdHR'S USE ONLY
<br />ASSIGNMENT C?F RENTS
<br />THiS ASSIGIVMENT O� RENTS dated August 28, 2011, is made and executed between Batis
<br />Deveiopmant Company, a Itansas Corporation, whose address is 2951 SW Wannamaker Dr,
<br />Suite A, Topeka, ICS 666'[4 {referred ta belaw as "Grantor"} and Gommerce Bank, whose
<br />address is 6130 East 81st Street, Talsa, OK 74737 {�eferred to below as "Lender").
<br />ASSIQNMEN7', For valuable consideration, Grantor hereby assigns, grants a continuing security
<br />interest in, and canveys to [.ender all of Grantor's right, title, and interest in and to the Rants
<br />#rom the #ollowing described Property iocated in HaIE Gaunty, State of Nebraska:
<br />Lots One (1) and Two {2y, Meadowlark West Ninth Subdivision, City o# Grand Island, Hall
<br />Caunty, Nebraska.
<br />The Property or its address is comrnonly known as 10t0 1 1040 Allen Drive , Grand Island, NE
<br />68802.
<br />CROSS-COLLATERALI2ATION. In addiiion to the IVoLe, this Assignmeni secures all obligations, debts and liabilities.
<br />plus interest th8reon, of Grantor to Lender, or any one ar more of them, as wall as all claims by Lender against Grantor
<br />or any one or more of them, whether now existing or hetaafter arising, wheiher related ar unrelated to the purpose of
<br />the Note, whether valuntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or continpant, liquidated ar unliquidated, whether Grantor may be liable individually or joint(y wiih othars,
<br />wheiher obligated es guarantw, surety, accommodation perty or otherwise, and whether recovery upon such amounts
<br />may be ar hereafter may beCOme barred 0y any statute of limitations, and whether the obiigation to repay suCh emeunts
<br />may be or hereafter may become atherwise unenforceable.
<br />FUTIJRE ADVAIUCES. fn addition to the Note, this Assignment secures all future advances made by Lender to Grentor
<br />whether or not the advences ere made pursuant to a oammitment. Speciticalfy, without limitation, this Assig�mant
<br />secures, in addition to the amounts specified in the Alots, all tuture amounts Lender in its discretion may loan to
<br />Grantor, tog�ther wiih all interest thereon.
<br />THIS ASSIONMENT IS GIVEN Td SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMAM1iCE OF ANY
<br />AND ALL OBLIGATiQNS OP GRANTOR UNDER 7HE NOTE, THIS ASSIGNMEN7, A{VD THE RELATED bOCUMENTS.
<br />THtS ASSlGNMENT IS OIVEN ANp ACCEP7ED ON THE FOLLdWiNG TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Re(ated Doouments. Grantor
<br />shall pay to Lender al! amounts secuted by this Assignment as they become due, ancf shall strictly perform ali oi
<br />Grantor'S obligations under this Assignment. UnlasS and until l.ender exercises its r'sght to collect the Rents es prOVided
<br />balow and so long as there is no default under this Assignmant, Granior may remain in possession and controi of and
<br />oporate and manage the Property and collect ihe Rents, provided that the granting of tho right to collect the Renis shali
<br />not constitute Lender's co�sent to the use of cash collateraf in a bankruptoy proceadinq.
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