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201109427
<br /> ASSIGNMENT OF RENTS
<br /> Loan No:810291 (Continued) Page 4
<br /> Waiver of Right of Redemption. NOTWITHSTANDING ANY OF THE PROVISIONS TO �THE CONTRARY
<br /> CONTAINED IN THIS ASSIGNMENT,GRANTOR HEREBY WAIVES ANY AND ALL RIGHTS OF REDEMPTION FROM
<br /> SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSURE ON GRANTOR'S BEHALF AND ON BEHALF OF
<br /> EACH AND EVERY PERSO�N,EXCEPT JUDGMENT CREDITORS OF GRANTOR,ACQUIRING ANY INTEREST IN OR
<br /> TITLE TO THE PROPERTY SUBSEQUENT TO THE DATE OF THIS ASSIGNMENT.
<br /> DEFWITIONS. The folipwing capitalized. words and terms shap have the following meanings when used in this
<br /> Assignment. Unless specifically stated to the contrary,all references to dollar amounts shall mean amounts.in lawful
<br /> money of the United States of America. Words and terms used in the singular shall include the plural,and the plural
<br /> shall include the singular,as the contexi may require. Words and terms not otherwise tlefined in this Assignment shall
<br /> have the meanings attributed to such terms in the Uniform Commercial Code:
<br /> Assignment. The word"Assignment"means this ASSIGNM�ENT OF RENTS,as this ASSIGNMENT OF RENTS may
<br /> be amended or modified from time to time,together with all exhibits and schedules attached to this ASSIGNMENT
<br /> OF RENTS from time to time..
<br /> Borrower. The word"Borrower"means GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION.
<br /> Default. The word"�efault"means the Default set forth in this Assignment in the section titled"Default"..
<br /> Event of Default. The words"Event of Default"mean any of the events ofi default set forth in this Assignment in
<br /> the default section of this Assignment. �
<br /> Grantor. The word"Grantor"means GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION.
<br /> Guarenty. The wotd"Guaranty"means the guaranty from guarantor,endorser,surety,or accommodation par[y to
<br /> Lender,including without limitation a guaranty of all or part of the Note.
<br /> Indebiedness. The word "I�debtedness" means all principal, interest, and other amounts, costs and expenses
<br /> payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br /> consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br /> Lender to discharge Grantor's obligations or expenses incurred 6y Lender to enforce Grantor's o6ligations under
<br /> this Assignment,together with interest on such amounts as provided in this Assignment.
<br /> Lender. The word"Lender"means Equitable Bank,its successors and assigns.
<br /> Note. The word "Note" means the promissory no4e dated December 15, 2011, Irl the original principal
<br /> amount Of $1,860,00�.00 from Grantor to Lender, together with all renewals of, extensions of,
<br /> modifications of,refinancings of,conso�lidations of,and 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
<br /> described in the"Assignment"section of this AsSignment.
<br /> Related Documents. The words "Related Documents" mean all promissory notes, credit agreemeMS, loan
<br /> agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br /> deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br /> 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
<br /> and all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties,
<br /> bonuses,accounts receivable,cash or security deposits,advance rentals,profits and proceeds from the Property,
<br /> arrd other payments and benefits derived or to be derived from such leases of every kind and naYUre,whether due �
<br /> now or later,including without limitation Grantor's right to enforce such leases and to receive and collect payment
<br /> and proceeds thereunder.
<br /> THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT, AND NOT
<br /> PERSONALLY BUT AS AN AUTHORRED SIGNER,HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED
<br /> ON BEHALF OF GRANTOR ON DECEMBER 15,2071.
<br /> GRANTOR:
<br /> GRAND ISLAND AREA ECON MIC DEVELOPMENT CORPORATION �
<br /> By:����"l� �i' �.G9�_
<br /> MARLAN FERGUSON,Presi nt of GRAND ISLAND AREA ECONOMIC
<br /> DEVELOPMENT CORPORATION
<br /> CORPORATE ACKNOWLEDGMENT
<br /> STATE OF \U_��,rxic�c, 1
<br /> JSS
<br /> � COUNTY OF 4�,L� �
<br /> On this ��b'"—` day of�e+.��� ,20 L� ,beiore me,the undersigned
<br /> Notary Pu61ic, personally appeared MARLAN FERGUSON, President of GRAND ISLAND AREA ECONOMIC
<br /> DEVELOPMENT CORPORATION, and known to me to be an authorized agent of the corporetion that executed the
<br /> ASSIGNMENT OF RENTS and acknowledged the Assignment to be the free and voluntary act and deed of the
<br /> corporation, by authority of its Bytaws or by resolution of its board of directors, for the uses and purposes therein
<br /> mentioned, and on oath stated that he or she is authorized to execute this Assignmen nd in fact executed the
<br /> Assign:ment on behalf of the corporati n.
<br /> 6ENERAL NO7AHY-Sta�uf Nebraska
<br /> I�� LORRA6NE DEIWSE MGGOVE �
<br /> ��� '��'��� MY��m�P��Y���� ry Public in and for the State of ���,r_
<br /> - Residing aY
<br /> My commission expires �
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