|
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 />T"'
<br />Cr)
<br />FOR RECORDER'S USE ONLY
<br />FIVE POINTS BANK
<br />(III II III IIIIIII IIII11 IIIIIII IIIIIIIII IIIIUIII (IIIIIII IIIIIIUII IIIIIII IIIIIII
<br />0000000001013412970115
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated June 30, 2022, is made and executed between TJO
<br />RENTAL PROPERTIES LLC, A NEBRASKA LIMITED LIABILITY COMPANY, whose address is
<br />1923 W ANNA ST, GRAND ISLAND, NE 68803 (referred to below as "Grantor") and Five
<br />Points Bank, whose address is 3111 W. Stolley Pk. Rd., PO Box 1507, Grand Island, NE
<br />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 />LOT FIVE (5), IN BLOCK EIGHTY-NINE (89), WHEELER AND BENNETT'S FOURTH
<br />ADDITION, TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Property or its address is commonly known as 1621 N PINE ST, GRAND ISLAND, NE
<br />68803.
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all 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 liable 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 advances 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 />
|