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<br /> ASSIGNMENT OF LEASES AND RENTS
<br /> TH15 ASSIGNMENT OF L.EASBS AND REr°I'S ("Assignment") is made on July 22, 2011, between Three
<br /> Circle Irrigatiou,Inc.,a Ne6raska Corporation,whose address is 2369 Vern Urive,Fallbrook,California 92028
<br /> {"Assignor")and[?nion Bank&Trnst Company whose address is 2720 South 177th St,Omaha,Nehraska
<br /> b8130 ("Assignee"}, which is organized and existing under the laws of the State of Nebraska. Assignor, in
<br /> consideration of loans extended by Assignee up to a maximum principal amount of Four Hundred Thirty
<br /> Thousand Four Hundred Vinety and 9AJ100 Dollars {$430,490.9A) and for other valuable consideration, the
<br /> receipt of which is acicnowledged,hereby grants,transfers,assigns and sets over to Assignee all right, title and
<br /> interest in and to all rents, issues, profits and privileges(now due or which may hereafter become due)oF the
<br /> following descrihed real property:
<br /> Address:Lot 1&3,Fonner Third Sub,Grand Lsland,Ncbraska 68801
<br /> Legal llescriptiun:Luts One(1)and Three{3},Fonner T6ird Subdivision in the City uf Grend Island,
<br /> Hall County, Nebraska, EXCEPTING therefrom tracts oF �and more particuiarly described in
<br /> Warranty Deed recorded �.s Instrument #82-003073, Warrnnty� Dead recorded as Instrument #95-
<br /> 105533 and Warranty Deed recorded as Instrument#200316358.
<br /> Parcel ID/Sidwell Number:400130602
<br /> ("Prnperty")which secures the following:
<br /> • Loan with a principal amou�t of$A30,490.94
<br /> Assignnr further grants all leases now or hereafter existing on all or any pazt of the Property,whether written or
<br /> oral,or nny letting or any agrccment for the use of occupancy of any part of the Property which may havc bcc�or
<br /> wliich may herexftnr be made or agreed to belween Assignor and any other present,prior,or subsey�ent owner of
<br /> the Property,or any interest therein,or which may be made ar agreed tu by Assignee,its successors or assigns,
<br /> under the powers herein granted,and any tenant nr occupant of all or any part nf the Prnperty(cnllecticely,the
<br /> "L.eases"and each,a"Lease"),including without limitatian any ieases existing as of the date of this Assignment
<br /> ("Existing Lcascs"}and descri6ed further as:
<br /> Deemed all leases,now in eadstence,and hereafter acquired.
<br /> RELATED DOCUMEV'PS.The words "Related Documents" mean a1l promissory notes,security agreements,
<br /> prior mortgages, prior deeds of trust, busincss loan agrccmcnts, construclion loxn agreements; resolulions,
<br /> guaranties, envirunmenlal agreements,subordina6on agreements, assignments of leases and rents and any other
<br /> documcnls or agreements executed in connection with this Assignment whether now or hereafter existing. 'I'he
<br /> Rel;�ted Documents are hereby made a part of this Assignment by reference thereto,with the same force and effect
<br /> as if fully set fnrth herein.
<br /> INDEBTEDNESS. This Assi�ment secures the principal amount shown abo��c as may be evidenecd by a
<br /> promissory note or notes of even,prinr or suhyeyuenL date heretn, includang future advances and ever}� other
<br /> indebtedness of any and every kind now or hereafter owing from Sarrower[a Assignee,howsoever creale�l or
<br /> arising,whcthcr primxry,secondary or contingent,together with any interest or charges provided in or arising out
<br /> ul such indebtedness, as well as the agreements and cocenants of this Assignment and all Related Documents
<br /> (�ereinafter all referred to as the"Indebtedness").
<br /> AMENDMENT OR MODIFICATION OF LEASES. With respect to any Existing Leases or any Leases
<br /> executed upon the Property after the creatinn nf this Assignment Tnd so long as the Lndebtedness remains unpaid,
<br /> Assignor shall not,without the written consent of Assi�nee:(a)cancel any Leases;(b)accept the surrender of any
<br /> Leases;{c)modify or alter any Leases in any way,either orally or in writing;(d)reduce the rental set forth in any
<br /> Lesses;(e)cnntient tn the assignment of any lessee's interest under any Leases,or to any subletting ihereunder;or
<br /> (k) make any olher assignment,pledge,encumbrxnc:e, or sny other disposition of any Leases, or of the rentes,
<br /> issues and profits dcrived from the use of the Property.Any of the above acts,if done without the written cunsent
<br /> of Assignee, shall be null and void, and shall constitute a default under the Assignment and the Related
<br /> Documents.
<br /> REPRESENTA'1'1dNS OF ASSIGNOR.Assignor hereby represents: (a}except for the Existing Leases, there
<br /> are nn leases, cuhleases nr agreements tn lease or suhlease all of or any part of the Properry; (b) the Existing
<br /> L.eases are valid and enforccable and no default exists under the Existing Leases;(c)Assignor is e�titled�o receiv�
<br /> all thc rcnts,issues and profits and to enjoy all the rents and benefits mentioned herein and assigned hereby;(d)
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