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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island. NE 68803 FOR RECORDER'S USE ONLY /�
<br />FivE PO►NTS BANK �'�
<br />ASSIGNMENT OF RENTS
<br />"Lender").
<br />THIS ASSIGNMENT OF RENTS dated April 17, 2012, is made and executed between DEGEN
<br />COMPANY, A GENERAL PARTNERSHIP (referred to below as "Grantor") and Five Points Bank,
<br />whose address is 2015 North Broadwell, Grand Island, NE 68803 (referred to below as
<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 />ALL OF LOTS FIVE (5), SIX (6) AND SEVEN (7), IN BLOCK THREE (3), IN SPAULDING AND
<br />GREGG'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />EXCEPTING A TRACT MORE PARTICULARLY DESCRIBED IN RETURN OF APPRAISERS
<br />RECORDED AS DOCUMENT NO. 200702645
<br />The Property or its address is commonly known as 1320 W 2ND, GRAND ISLAND, NE.
<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 otharwise, 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 />REVOLVING LINE OF CREDIT. This Assignment secures the Indebtedness including, without limitation, a revolving line
<br />of credit, which obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of the
<br />Note.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower
<br />or Grantor whather 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 />
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