MORTGAGE, SECURITY AGREEMENT AND ABSOLUTE ASSIGNMENT OF LEASES AND RENTS (Secures Obligatory Future Advances)Mortgage, Security Agreement and Absolute Assignment of Leases and Rents • November 3rd, 2008 • Lakes Entertainment Inc • Services-miscellaneous amusement & recreation • Arkansas
This MORTGAGE, SECURITY AGREEMENT AND ABSOLUTE ASSIGNMENT OF LEASES AND RENTS (the “Mortgage”) is dated this 28th day of October, 2008, and is executed and entered into by and between LAKES ENTERTAINMENT, INC., with an address of 130 Cheshire Lane, Minnetonka, Minnesota 55305(“Borrower”), in favor of FIRST STATE BANK, or its successors or assigns (“Lender”).
