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<br /> WHEN RECOFiDED MAIL TO:
<br /> Equitable Bank
<br /> North Locust Branch
<br /> '9'13-115 N Locust St
<br /> PO Box 760
<br /> Grand Island.NE 68802-0760 FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS dated September 77, 2012, is made and executed between
<br /> MARK ZECF-1MANN, whose address is 3026 E ONE R RD, GRAND ISLAND, NE 68807 and
<br /> S/�NDRA 9C ZECI-IMANRE, whose address is PO BOX 2451, GRAND ISLAND, 1>9E 68802;
<br /> HUSBAND AND WIFE (referred to below as "Grantor") and Equitable Bank, wl�ose address is
<br /> 1'13-115 N Lacust St, PO Box 160, Grand Isfand, NE 65802-0160 t�'eferrecE to F�elow as
<br /> '"Lender")_
<br /> ASSIGMMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security
<br /> interest in, and conveys to Lender ali of Grantor's right, title, and interest ira and to fhe Rents
<br /> from the following described Property located in HALL County, State of Nebraska:
<br /> PARCEL A: LOT SEVEN (7), IiV BLOCK FOUR (4), SOUTFt GRAND ISLAND, AN ADDITION
<br /> TO THE CITY OF GFiAND YSLAND, HALL COUNTY, NEBRASKA.
<br /> PARCEL 6_ LOT ONE (1) AND THE EAST ELEVEN (11) FEET OF LOT TWO (2D, BLOCK ONE
<br /> HUNDRED TWENI"Y ElGHT ('V 28) W TL-IE UiVI�N PACSFIC FtALLWAY CONIPANY'S SECOIVD
<br /> ADDITION TO T'FiE CITY OF GRAND ISLAND, FiALL COUNTY, iVEBRASKA
<br /> PARCEL C= LOT THREE (3), BLOCK TEfV (10), IIV JO!-LN VOITLE'S ADDITION TO THE CITY
<br /> OF GFfAND ISLAND, FiALL COUNTY, iVEBF€ASKA.
<br /> The Property or its address is commonly known as 709 S PI1�{E ST, 720 N KIMBALL ST & 8i 1
<br /> E 8TH ST, GFiAND ISLAND, NE 6880'I_ The Property tax identification number is 400093731,
<br /> 400096943, 400904563.
<br /> CROSS-COLLATERALIZATION. In addition to the Note, this Assignment secures all obtigations, 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, wteether due or not due, direct or
<br /> indirect, determined or uncietermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor
<br /> may be liable individually or jointiy with others,.. whether obligaeed as guarantor, surety, accommodation party or
<br /> otherwise, and whether recovery upon such amoun2s may be or hereafter may be�come barred by any statute of
<br /> limitations, and whether the obligaiion to repay such amounts may be or hereafter may become otherwise
<br /> unenforceabie.
<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 amounis specified in the Note, all future amounts Lender in its discretion may
<br /> loan to Borrower or Grantor, together with all inte�rest thereon.
<br /> THIS ASSIGNMENT IS GIVEN TO SECURE (9) 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 /> DOCUMEI�ITS_ THIS ASSIGNMENT IS GNEN AND ACCEPTED ON THE FOLLOWWG TERMS:
<br /> GRANI"�OR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any"one action" or "anti-deficiency"
<br /> !aw, 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 defiiciency, before or after 'Lend:er'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 responsibil:ity for being and keeping inforrried 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 wnat 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 Assig:nment 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 Iong as tnere is no default under this Assignment,. Grantor may remain i�n possession� and control of and
<br /> operate and manage tFee Property and coilect the ReMs, provided that the granting of the right to coliect the Rents shall.
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