|
m
<br />YA C
<br />v1 In S
<br />v �
<br />200204095
<br />Space Above This Line For Recording Data L_
<br />ASSIGNMENT OF LEASES AND RENTS
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is April 10, 2002. The
<br />parties and their addresses are:
<br />ASSIGNOR:
<br />SHAFER DEVELOPMENT LLC
<br />a Nebraska Limited Liability Company
<br />819 N. Dieu; Avenue
<br />Grand Island, Nebraska 68803
<br />LENDER:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />TIN: 47- 0343902
<br />1. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $484,000.14. This limitation of amount does not include interest and other fees and charges
<br />validly made pursuant to this Assignment. Also, this limitation does not apply to advances made under the
<br />terms of this Assignment to protect Lender's security and to perform any of the covenants contained in this
<br />Assignment.
<br />2. SECURED DEBTS. This Assignment will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 233217 -102, dated April 10, 2002, from Assignor to Lender, with a
<br />loan amount of $484,000.14 with an interest rate based on the then current index value as the promissory
<br />note prescribes and maturing on April 10, 2007.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this
<br />Assignment.
<br />3. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of
<br />which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment,
<br />Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the
<br />following (all referred to as Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for
<br />the use and occupancy of the Property, including any extensions, renewals, modifications or replacements
<br />(all referred to as Leases).
<br />B. Rents, issues and profits (all referred to as Rents), including but not limited to security deposits, minimum
<br />rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes,
<br />other applicable taxes, insurance premium contributions, liquidated damages fallowing default, cancellation
<br />premiums, "loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts,
<br />contract rights, general intangibles, and all rights and claims which Assignor may have regarding the
<br />Property.
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />Grand Island,
<br />Lot One (1), Richmond Second Subdivision in the City of XMK99 Hall County, Nebraska.
<br />The property is located in Hell County at 611 N. Diers Avenue
<br />, Grand Island, Nebraska 68803.
<br />In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also
<br />be regarded as a security agreement.
<br />4. PAYMENTS. Assignor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Assignment.
<br />Shafer D.valo -ment LLC
<br />Nebmeke A.A .... nt -i L..... end Pant. In.,W. _
<br />NEI4X X1 44 6 9 6 006 298 0000 3 6 2 802 0041o02y -1996 Bankers Sysrams, Inc„ 91. MAI, AN ExfWe.� Page 1
<br />o
<br />n
<br />Z
<br />N
<br />2 m
<br />M
<br />m
<br />pppp
<br />3
<br />r A
<br />2
<br />C
<br />o
<br />r n
<br />N
<br />N
<br />O
<br />Space Above This Line For Recording Data L_
<br />ASSIGNMENT OF LEASES AND RENTS
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is April 10, 2002. The
<br />parties and their addresses are:
<br />ASSIGNOR:
<br />SHAFER DEVELOPMENT LLC
<br />a Nebraska Limited Liability Company
<br />819 N. Dieu; Avenue
<br />Grand Island, Nebraska 68803
<br />LENDER:
<br />PLATTE VALLEY STATE BANK & TRUST COMPANY
<br />Organized and existing under the laws of Nebraska
<br />2223 Second Ave.; PO Box 430
<br />Kearney, Nebraska 68848 -0430
<br />TIN: 47- 0343902
<br />1. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will
<br />not exceed $484,000.14. This limitation of amount does not include interest and other fees and charges
<br />validly made pursuant to this Assignment. Also, this limitation does not apply to advances made under the
<br />terms of this Assignment to protect Lender's security and to perform any of the covenants contained in this
<br />Assignment.
<br />2. SECURED DEBTS. This Assignment will secure the following Secured Debts:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note, No. 233217 -102, dated April 10, 2002, from Assignor to Lender, with a
<br />loan amount of $484,000.14 with an interest rate based on the then current index value as the promissory
<br />note prescribes and maturing on April 10, 2007.
<br />B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this
<br />Assignment.
<br />3. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of
<br />which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment,
<br />Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the
<br />following (all referred to as Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for
<br />the use and occupancy of the Property, including any extensions, renewals, modifications or replacements
<br />(all referred to as Leases).
<br />B. Rents, issues and profits (all referred to as Rents), including but not limited to security deposits, minimum
<br />rent, percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes,
<br />other applicable taxes, insurance premium contributions, liquidated damages fallowing default, cancellation
<br />premiums, "loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts,
<br />contract rights, general intangibles, and all rights and claims which Assignor may have regarding the
<br />Property.
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />Grand Island,
<br />Lot One (1), Richmond Second Subdivision in the City of XMK99 Hall County, Nebraska.
<br />The property is located in Hell County at 611 N. Diers Avenue
<br />, Grand Island, Nebraska 68803.
<br />In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also
<br />be regarded as a security agreement.
<br />4. PAYMENTS. Assignor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Assignment.
<br />Shafer D.valo -ment LLC
<br />Nebmeke A.A .... nt -i L..... end Pant. In.,W. _
<br />NEI4X X1 44 6 9 6 006 298 0000 3 6 2 802 0041o02y -1996 Bankers Sysrams, Inc„ 91. MAI, AN ExfWe.� Page 1
<br />
|