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<br />WHEN RECORDED MAIL TO:
<br />Bank of the West
<br />4321 20th Ave SW
<br />Farao. ND 58103 FOR RECORDER'S USE ONLY
<br />I�So3310� 5q
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated July 31, 2012, is made and executed between
<br />MID-PLAINS CENTER FOR BEHAVIORAL HEALTHCARE SERVICES, INC., aka MID PLAINS
<br />CENTER FOR BEHAVIORAL HEALTH CARE SERVICES, INC., whose address is 615 N ELM
<br />STREET, GRAND ISLAND, NE 68801 (referred to below as "Grantor") and BANK OF THE
<br />WEST, whose address is 3301 W State St, Grand Island, NE 68803 (referred to below as
<br />"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 />LOT THREE (3), FOUR (4), AND FIVE (5) IN BLOCK ELEVEN (11) IN THE ORIGINAL TOWN,
<br />NOW CITY, OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Properly or its address is commonly known as 615 N ELM ST, GRAND ISLAND, NE
<br />68801. The Property tax identification number is 400000849.
<br />REVOLVING LINE OF CREDIT. Thls Assignment secures the Indebtedness including, wlthout IlmltaUon, a revolving Iine
<br />of credit, whlch obUgates Lender to make advances to Grantor so long as Grantor complles wlth all the terms of the
<br />Note.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) 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 GNEN AND ACCEPTED ON THE FOLLOWING TERMS:
<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 colleot 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 />Ownershlp. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and
<br />clalms except as disclosed to and accepted by Lender in writing.
<br />Right to Asslgn. 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 Asslgnment. Grantor has not previously assigned or conveyed the Rents to any other person by any
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