|
1OV211S9V i
<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Stolley Branch
<br />3111 W. Stolley Pk. Rd.
<br />PO Box 1507
<br />Grand Island, NE 68802
<br />FOR RECORDER'S USE ONLY
<br />FIVE POINTS BANK
<br />111111111111111111111111
<br />II II 11 111 IIIII I Hill II I II II II I I III 1111111111111II
<br />`0000000001013365960115'
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated August 2, 2021, is made and executed between KTH
<br />HOLDINGS, INC., a Nebraska Corporation, whose address is 5740 FLINTWOOD RD, PARKER,
<br />CO 80134 (referred to below as "Grantor") and Five Points Bank, whose address is 3111 W.
<br />Stolley Pk. Rd., PO Box 1507, Grand Island, NE 68802 (referred to below as "Lender").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing 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 />LOTS ONE (1) AND TWO (2), DEADWOOD SECOND SUBDIVISION, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Property or its address is commonly known as 1313 & 1315 JOHNSTOWN RD, GRAND
<br />ISLAND, NE 68803.
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of either Grantor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Grantor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower
<br />or Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this
<br />Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may
<br />loan to Borrower or Grantor, together with all interest thereon.
<br />
|