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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> Diers Avenue Branch
<br /> PO Box 160
<br /> Grand Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS dated March 23,2012, is made and executed between PLATTE
<br /> VALLEY STATE BANK AND TRUST COMPANY, not personally but as Trustee on behalf of THE
<br /> WILDWOOD TRUST, A Nebraska Trust, whose address is 308 N LOCUST ST, STE. 400,
<br /> GRAND ISLAND, NE 68802 (referred to below as "Grantor") and Equitable Bank, whose
<br /> address is PO Box 160,Grand Island,NE 68802-0160(referred to below as"Lender").
<br /> ASSIGNMENT. For valuable consideration,Grantor hereby assigns,grants a continuing security
<br /> interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents
<br /> from the following described Property located in HALL County,State of Nebraska:
<br /> See EXHIBIT"B",which is attached to this Assignment and made a part of this Assignment
<br /> as if fully set forth herein.
<br /> The Property or its address is commonly known as RURAL ROUTE, GRAND ISLAND, NE
<br /> 68803.
<br /> CROSS-COLLATERALIZATION. In addition to the Note,this Assignment secures all obligations,debts and liabilities,
<br /> plus interest thereon,of either Grantor or Borrower to Lender,or any one or more of them,as well as all claims by
<br /> Lender against Borrower and Grantor or any one or more of them,whether now existing or hereafter arising,whether
<br /> related or unrelated to the purpose of the Note,whether voluntary or otherwise, whether due or not due,direct or
<br /> indirect, determined or undetermined,absolute or contingent,liquidated or unliquidated,whether Borrower or Grantor
<br /> may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br /> otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br /> limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br /> unenforceable.
<br /> FUTURE ADVANCES. In addition to the Note,this Assignment secures all future advances made by Lender to Borrower
<br /> or Grantor whether or not the advances are made pursuant to a commitment. Specifically,without limitation,this
<br /> Assignment secures,in addition to the amounts specified in the Note,all future amounts Lender in its discretion may
<br /> loan to Borrower or Grantor,together with all interest thereon.
<br /> THIS ASSIGNMENT IS GIVEN TO SECURE (1)PAYMENT OF THE INDEBTEDNESS AND (2)PERFORMANCE OF ANY
<br /> AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE,THIS ASSIGNMENT,AND THE RELATED
<br /> DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br /> GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any"one action"or"anti-deficiency"
<br /> law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for
<br /> deficiency to the extent Lender is otherwise entitled to a claim for deficiency,before or after Lender's commencement
<br /> or completion of any foreclosure action,either judicially or by exercise of a power of sale.
<br /> BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender
<br /> takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about
<br /> the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender,including
<br /> without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the
<br /> Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to
<br /> take under this Assignment
<br /> PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents,Grantor
<br /> shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br /> Grantor's obligations under this Assignment Unless and until Lender exercises its right to collect the Rents as provided
<br /> below and so long as there is no default under this Assignment,Grantor may remain in possession and control of and
<br /> operate and manage the Property and collect the Rents,provided that the granting of the right to collect the Rents shall
<br /> not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br /> GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that
<br /> Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans,liens,encumbrances,and
<br /> claims except as disclosed to and accepted by Lender in writing.
<br /> Right to Assign. Grantor has the full right,power and authority to enter into this Assignment and to assign and
<br /> convey the Rents to Lender.
<br /> No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br /> instrument now in force.
<br /> No Further Transfer. Grantor will not sell,assign,encumber,or otherwise dispose of any of Grantor's rights in the
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