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� <br />� <br />N � <br />e � <br />� � <br />N � <br />0 e <br />W <br />�A � <br />-p <br />� <br />� <br />� <br />� <br />ASSIGNMENT OF RENTS <br />'� THIS ASSIGNMENT OF RENTS dated April 27, 2012, is made and executed between <br />MITCHELL T NICKERSON and SUSAN E NICKERSON; Husband and Wife (referred to below as <br />� � "Grantor") and Five Points Bank, whose address is 2009 N. Diers Ave., Grand Island, NE <br />68803 (referred to below as "Lender"). <br />�•; <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 />�f� from the following described Property Iocated in HALL County, State of Nebraska: <br />�d <br />Lot Six (6), Block Ten (101, Joehnck's Addition to the City of Grand Island, Hall County, <br />Nebraska <br />The Property or its address is commonly known as 648 E BISCHELD, GRAND ISLAND, NE <br />68801. <br />i <br />y : P � ,: v� ', <br />� <br />� <br />� <br />., (� � <br />� � � <br />�� <br />u;d+ � d <br />�ra. <br />�� <br />� �� <br />� <br />�✓ <br />� <br />r� <br />� �J <br />t'_� <br />�-J <br />_ ��� <br />D � <br />r "� <br />�, '._ � <br />�� � <br />U ��. <br />�.: �:L C�J <br />r*, Q <br />.�a i'� <br />`�°' 't] <br />--a � <br />� �, <br />za <br />o �, W <br />_,' <br />r , � ° _ <br />rn �' __L <br />`-� �--- 4—+ <br />0 <br />� <br />n � <br />� �", <br />C D <br />Z --1 <br />� rn <br />� O <br />o �t <br />� Z <br />s rn <br />� � <br />r � <br />r n <br />Cn <br />� <br />n <br />`. �.. <br />cn <br />tn <br />N <br />0 <br />F—s <br />i`.) <br />� <br />W <br />�L <br />O <br />..0 <br />WHEN RECORDED MAIL TO: � � � <br />Five Poirns Bank <br />West Branch � �� <br />2009 N. Diers Ave. <br />Grand Island NE 68803 FOR RECORDER'S USE ONLY <br />FII/E POINTS BANK <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advences made by Lender to Grantor <br />whether or not the edvances are made pursuant to a commitment. Specifically, without limitetion, this Assignment <br />secures, in addition to the amounts specifted in the Note, all future amounts Lender in its discretion may loen to <br />Grantor, together with ell interest thereon. <br />THIS ASSIGNMENT IS GIVEN TO SECURE 11) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY <br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. <br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWINQ TERMS: <br />PAYMENT AND PERFORMANCE. Except es otherwise provided in this Assignment or any Related Documents, Grantor <br />shall pay to Lender all amounts secured by this Aasignment es they become due, and shell strictly perform elt of <br />Grantor's obligationa under this Assignment. Unlesa and until Lender exerc(aes its right to collect the Rents es provided <br />below end so long es there fs no default under this Assignment, Grantor may remain in possession and control of and <br />operate and manege the Property and collect the Rents, provfded 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. Grentor warrenta thet: <br />Ownership. Grantor is entitled to receive the Rents free end clear of all rights, loens, Ilens, encumbrances, and <br />claims except es diaclosed 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 />� <br />� <br />c� <br />,� <br />;s <br />�: � <br />