9-178i0ZZ0Z
<br />13V2I1S9V '1'J
<br />r
<br />m
<br />-n
<br />n z
<br />z
<br />ri vs=1
<br />(IC'1rrn
<br />T c
<br />ASSIGNMENT OF LEASES AND RENTS
<br />C_
<br />w
<br />CD
<br />THIS ASSIGNMENT OF LEASES AND RENTS (as the same may be amended, modified or
<br />supplemented from time to time, the "Assignment"), dated as of the /OM day of ..10,r)e, 2O.2dL. ,
<br />from Jammain, LLC, a Kansas Limited Liability Company (the "Assignor"), in favor of Frontier
<br />Financial Partners, Inc. (the "Assignee"), for further assignment by Assignee to the UNITED STATES
<br />SMALL BUSINESS ADMINISTRATION, an agency of the United States, 801 R Street, Ste 101, Fresno,
<br />CA 93721 (the "SBA"), recites and provides:
<br />Assignee has agreed to make a loan to Assignor in the principal amount of One Million Nineteen
<br />Thousand and 00/100ths Dollars ($1,019,000.00) (the "Loan") to provide fmancing for acquisition of the
<br />land described in Exhibit A hereto and the improvements thereon situated in the County of Hall, Nebraska
<br />(collectively, the "Premises"). The loan is evidenced by a promissory note of even date herewith (as the
<br />same may be amended, modified or supplemented from time to time, the "Note") made by Assignor and
<br />payable to the order of Assignee in the principal amount of $1,019,000.00. The Note is secured, in part, by
<br />a Deed of Trust dated June 10 2022, filed with the Hall County Nebr: -,a Jgister of Deeds on
<br />?� RO2i , at (R)2P-
<br />(as
<br />the same may be amended, modified or supplemented from time to time), the Deed of Trust from
<br />Assignor to Frontier Financial Partners, Inc. Terms defined in the Note and the Deed of Trust shall have
<br />the same defined meanings when used in this Assignment. As a condition to making the Loan, the
<br />Assignee has required an assignment to the Assignee and any subsequent holder of the Note of all leases
<br />(individually, a "Lease," and collectively, the "Leases") of or relating to Assignor's interest in the Premises
<br />or any part thereof, now or hereafter existing, and all rents, issues and profits (the "Rents") now or hereafter
<br />arising from Assignor's interest in the Premises or any part thereof, all in accordance with the terms and
<br />conditions set forth herein.
<br />NOW, THEREFORE, for and in consideration of the agreement of Assignee to make the Loan and
<br />as ADDITIONAL SECURITY for the payment of the Note, Assignor agrees as follows:
<br />I. Assignment of Leases. Assignor hereby assigns, transfers and sets over to Assignee,
<br />and any subsequent holder of the Note, all Assignor's right, title and interest in and to all
<br />Leases and all renewals or extensions thereof, together with all the Rents, now existing
<br />or hereafter arising. Prior to the election of Assignee to collect the Rents upon the
<br />occurrence of an Event of Default under the Deed of Trust, Assignor shall have the right
<br />to collect and dispose of the Rents without restriction.
<br />II. Deliver of Leases. All Leases currently in effect with respect to the Premises have been
<br />delivered to Assignee, are in full force and effect as of the date of this Assignment and
<br />neither Assignor nor any tenant is in default thereunder. Assignor shall not make any
<br />subsequent agreement for the lease of the Premises or any part thereof except in the
<br />ordinary course of business in accordance with the provisions of the Deed of Trust. All
<br />
|