|
-
<br />��.
<br />��
<br />�
<br />e ��
<br />� ��
<br />� .��
<br />B
<br />� ..��
<br />a
<br />N ��
<br />�
<br />��
<br />s
<br />...��
<br />��
<br />��
<br />��
<br />�
<br />a�e
<br />�;
<br />�
<br />���.
<br />r9 R�1 '�
<br />� �
<br />° �
<br />_ � �� `'"
<br />i T ' � Cn
<br />�►� � `�'° �
<br />r
<br />C� (-;-_
<br />° �° rv
<br />� � N
<br />r�
<br />c� �
<br />` � �
<br />� 3
<br />�
<br />a � �
<br />o e ",� O.
<br />rn � Gdl
<br />N �
<br />��
<br />o --a
<br />C D
<br />� rn
<br />-�1
<br />-G �.
<br />o - n
<br />�z
<br />= rn
<br />S� �
<br />r �
<br />r �.
<br />�
<br />�
<br />m
<br />� �
<br />�fl
<br />CCl�
<br />u
<br />'.�
<br />i�
<br />�
<br />�P
<br />�.
<br />lu�
<br />s>"
<br />WHEN RECORDED MAIL TO:
<br />�m Exchange Bank
<br />� P.O. Box 760 ��
<br />#14 LaBarre
<br />Gibbon, NE 68840 _ FOR RECORDER'S USE ONLY �� �
<br />ASSIGIVMENT OF FiENTS
<br />THIS ASSIGNMENT OF RENTS dated September 12, 2011, is made and executed between
<br />Meridian Properties, LLC, A Nebraska Limited Liability Company, whose address is 152
<br />PONDEROSA COURT, GRAND ISLAND, NE 68803 (referred to below as "Grantor") and
<br />Exchange Bank, whose address is P.O. Box 760, #14 LaBarre, Gibbon, NE 68840 (referred to
<br />below as "Lender").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a contlnuing security
<br />interest in, and conveys to Lender all of Grantor°s right, title, and interest in and to the Rents
<br />from the following described Property located In Hall County, State of Nebraska: �
<br />Lot Two (2), Richmond Second Subdivision, in the City of Grand Isiand, Hall County,
<br />Nebraska
<br />The Property or its address is commonly known as 603 N. Diers Ave., Grancl Island, NE
<br />68803.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Assignment sacures all obligations, debts and liabilities,
<br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as ali claims by Lender against Grantor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Grantor may be Ifable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor
<br />whether or not the edvances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />Grantor, together with all interest thereon. �
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: �
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br />operete and manage the Property and collect the Rents, pr6vid�d that the grenting of the right to collect the Rents shall
<br />not constitute Lender's consent to the use of cash collaterel in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and
<br />claims except as disclosed to and accepted by Lender in writing.
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and
<br />convey the Rents to Lender.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br />instrument now in force.
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the
<br />Rents except as provided in this Assignment.
<br />LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender sheli have the right at any time, and even though no
<br />default shall have occurred under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby
<br />given and grented the following rights, powers and authority:
<br />Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this
<br />Assignment and directing all Rents to be paid directly to Lender or Lender's agent.
<br />Enter the Property. Lender may enter upon and take possession of the Property; demand, collect and receive from
<br />the tenants or from any other persons liable therefor, all of the Rents; institute end carry on all legal proceedings
<br />necessary for the protection of tha Property, including such proceedings as may be necessary to recover
<br />possession of the Property; collect the Rents and remove any tenant or tenants or other persons from the Property.
<br />O
<br />N
<br />�
<br />�
<br />�--�
<br />O
<br />�
<br />0
<br />N
<br />�
<br />
|