This document is an absolute assignment of leases, lease guaranties, rents, issues, and profits from the Assignor to Preferred Bank, a California banking corporation. It details the rights and obligations of both parties concerning the real property located in Los Angeles County, California. The assignment is related to a Construction Deed of Trust and a Construction Loan Agreement dated September 2010, securing an obligation of $18,000,000. The document outlines the conditions under which the Assignee can collect rents and enforce rights, and it includes indemnification clauses for the Assignee.
documents/EFTA00724772.pdf
{}