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Home My WebLink About94-1104 EACVB • NOTICE OF ASSIGNMENT OF CLAIMS UNDER GOV'T CONTRACT �`�- \\C� Collateral : :..nx:.. ::.::..:•k•Y/. •::.. ::::...... .. ::;_..: ........::r. ......................... .....................y is :iP?fiiii:4iiiiiiFiiir 6iiiiiiiiiii?:friiSF.id(hbi::i:E`ii::ii:ii::' }:;.;::w:::: '.:(:.' ., -_...:::.:::.. :•......:b:. ..,�....:::•:::.�.�:cr::,:::::rr:::::::::r.:TFSii':'`i::.::cr:::a;;. .;::.;;::::.iiiiiiiii':•i:.:"::v':;:::.5:ii:>..."�.�•-t14-��9!�.::.::..: .......:::::. 'hit::.:.. . Cd11AM - _ _ +�g'l. .. ..... ....... .. . .......... References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Borrower: Elgin Area Convention and Visitors Bureau (TIN: Lender: Union National Bank and Trust Company of Elgin 36-3341790) 101 East Chicago Street T7 Riverside Drive Elgin,IL 60120 Elgin,IL 60120 City of Elgin,Illinois TO: 150 Dexter Court DATE: November 4,1994 Elgin,Illinois CONTRACT NUMBER: 101594 DEPARTMENT: City of Elgin,Illinois RE: WITH: Elgin Area Convention and Visitors Bureau(CONTRACTOR)whose address is: 77 Riverside Drive,Elgin,Illinois,60120 FOR: to encourage,foster,promote,and stimulate conventions and tourism in the Elgin area DATED: October 15, 1994 PLEASE TAKE NOTICE that (1)Moneys due or to become due under the contract described above have been assigned to Union National Bank and Trust Company of Elgin (referred to as the"Assignee"in this Notice of Assignment) pursuant to the provisions of the Assignment of Claims Act of 1940 as amended. (2)A true copy of the Instrument of Assignment is attached hereto. (3) Payments due or to become due under such contract should be made to the Assignee,at 101 East Chicago Street,Elgin,IL 60120. (4)Please return to the Assignee,at Assignee's office and address indicated below, the three (3) enclosed copies of this Notice of Assignment with appropriate notations showing the date and hour of receipt and duly signed by the person acknowledging receipt on behalf of the addressee. Union National Bank and Trus Company of Elgin By: (Signature) \Ay e :hs, 4Ss;3-fa ,-1 ✓i e Pees ;Jed- (Name and title of signing officer) 1�..;(5n /`)a+1 Quo-( 8AnK a n,A l r•,s¢ Co,vipa.7 0 5 (Office) RECEIPT OF NOTICE OF ASSIGNMENT Receipt is hereby acknowledged of the above Notice of Assignment and a copy of the above mentioned Instrument of Assignment. These were received at (a.m./p.m.)on (Date) X ��C . (Signature) On behalf of RETURN TO: (Name and title of addressee of Notice) THIS COPY Union National Bank and Trust Company of Elgin TO BE RETURNED TO LENDER 101 East Chicago Street Elgin,IL 60120 LASER PRO•Reg.U.S.Pat.&T.M.Of l.,Ver.3.18(c)1994 CFI ProServices,Inc. All Rights Reserved. ii ASSIGNMENT OF CLAIMS UNDER GOVERNMENT CONTRACT : meea :.:...:...:.:cWltsteral..... ........?CustomerNo > : �tlic�+c............,..... .....,..:...lnitia�a�.............. .......11 . . - ................... .:::.:.riiiiii'1.:!::•v ii::;ii':•iiy'•ii�: .;�.:::::::::.'.�:::.. ':. .........................................:..:r. ., :}; iiiiiiiii:c:<!4"r);iiiiY'j4:; .. .:. ... .... �wgi�.'i... . :. .: :.......�0141'IU�...._ _ .. ....:.:..�105'l:;i:'.:.iii::;:.i:;::.:'.;i;';.as�:.:i::.:.;:.;is�:....�...:::;:;;:<::::::::::>::i::::..................:><� ::<,;:.::.; References In the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Borrower: Elgin Area Convention and Visitors Bureau (TIN: Lender: Union National Bank and Trust Company of Elgin 36-3341790) 101 East Chicago Street 77 Riverside Drive Elgin,IL 60120 Elgin,IL 60120 FOR VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, the undersigned Elgin Area Convention and Visitors Bureau (hereinafter referred to as "Assignor") hereby assigns, transfers and sets over unto Union National Bank and Trust Company of Elgin and its successors and assigns(herein referred to as'Lender"or"Assignee"),at 101 East Chicago Street,Elgin,IL 60120,all moneys due and to become due under Contract No.101594 for to encourage,foster,promote,and stimulate conventions and tourism in the Elgin area executed by Assignor and the City of Elgin, Illinois, under date of October 15, 1994 and any revisions, modifications, amendments, options, claims and extensions thereto(hereinafter referred to as the"Contract"). This Assignment is made pursuant to the Assignment of Claims Act of 1940,as amended (31 USC Section 3727 and 41 USC Section 15). ASSIGNOR HEREBY AUTHORIZES AND DIRECTS the City of Elgin,Illinois,its departments,agencies,offices,agents and officers to make all payments due or that may be hereafter due or owing under the Contract to the Assignee by checks or other orders,payable to the order of the Assignee. Assignor hereby constitutes and appoints Assignee its true and lawful attorney,irrevocably,with full power of substitution for it and in its name or in the name of the Assignor or otherwise,to ask,require,demand and receive and give acquittance for any and all said monies due or to become due,and to endorse the name of the Assignor to any checks,drafts or other orders for the payment of money payable to the Assignor. ASSIGNOR HEREBY WARRANTS that it is the lawful owner of all rights under the Contract and any and all amendments thereof and supplements thereto;that it has good right to assign the same;that its rights are free and clear of all liens and encumbrances;and that it will warrant and defend the same against the lawful claims and demands of all persons. Assignor agrees (a)that,if any payments under the Contract shall be made to Assignor,it will receive and hold the same in trust for Assignee and will forthwith upon receipt deliver the same to Assignee in the identical form of payment received by Assignor; and (b) that it will execute and deliver all such further instruments and do all such further acts and things as Assignee may reasonably request or as shall be necessary or desirable to further and more perfectly assure to Assignee its rights under the Contract. ASSIGNEE SHALL NOT HAVE OR BE UNDER any duty whatsoever to perform or carry out any of the obligations undertaken by Assignor under the Contract. IN WITNESS WHEREOF,ASSIGNOR HAS EXECUTED THIS ASSIGNMENT IN DUPLICATE THIS 4TH DAY OF NOVEMBER,1994. ASSIGNOR: Elgin Area nven ion and Visit s Bureau By: By: /ILGf Ric and Hirschberg,President Diane Ramsay,Executive Director CORPORATE ACKNOWLEDGMENT STATE OF 4 OFFICIAL SEAL I SS 1 CHRISTOPHER J. HAllARD t NOTARY PUBLIC, STATE OF ILLINOIS COUNTY OF F n ) 4 My Commission Expires June 2, 1996 On this 3 r c day of v , 19 9y , before me, the undersigned Notary Public, personally appeared Richard Hirschberg,President; and Diane Ramsay, Executive Director of Elgin Area Convention and Visitors Bureau,and known to me to be authorized agents of the corporation that executed the Assignment of Claims Under Government Contract and acknowledged the Assignment to be the free and voluntary act and deed of the corporation, by authority of its Bylaws or by resolution of its board of directors, for the uses and purposes therein mentioned,and on th stated that hey are authorized to execute this Assignment and in fact executed the Assignment on behalfof the corporation. By `�/ vura. 5 • u \ Residing at L.)n 4{ ri E f)Ccrr c'[ Notary Public in and for the State of t.IL My commission expires G./2/cf LASER PRO,Reg.U.S.Pat.8 T.M.Off.,Ver.3.18(c)1994 CFI ProServices,Inc. All rights reserved.IIL-F81 ELGCONV.LN]