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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank
<br /> �iers Avenue Btanch
<br /> PO Box 160
<br /> Grend Island,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS dated November 14, 2012,is made and executed be#ween LEO
<br /> C LISKE, whose address is 2772 O FLANNAGAN ST, GRAND ISLAND, NE 688031329 and
<br /> MAXINE M LISKE, whose address is 2772 O FLANNAGAN ST, GRAND ISLAND, NE
<br /> 688031329; Husband and �fe (referred #o 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 /> Lots Twelve 112) and Fourteen (14), in Block Five (51, in College Addition to West Lawn,
<br /> City of Grand Island, Hall County,Nebraska
<br /> The Property or its address is commonly known as 2411 N Kruse Ave, Grand Island, NE
<br /> 68$03. The Property tax identification number is 400033461.
<br /> CROSS-COLLATERALIZATION. In addition to the Note,this Assignment secures all obligations, debts and Iia6ilities,
<br /> plus interest thereon,of Grantor to Lender,or any one or more of them,as well as all claims 6y Lender against Grentor
<br /> or any one or more of them,whether now existing or hereafter arising,whether related or unrelated to the purpose of
<br /> the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br /> � absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others,
<br /> whether obligated as guarentor,surety,accommodation party or otherwise,and whether recovery upon such amounts
<br /> may be or hereafter may become 6arred by any statute of limitations,and wheYher the obligation to repay such amounts
<br /> may be or hereafter may become otherwise unenforceable.
<br /> FUTURE ADVANCES. In addition to the Note,this Assignment secures all future advances made by Lender to Grantor
<br /> whether or not the advances are made pursuant to a commitmeni. Specifically, without limitation, this Assignment
<br /> secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br /> Grentor,togeiher with all interest thereon.
<br /> THIS ASSIGNMENT IS GNEN 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 GIVEN 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 6ecome due, and shall strictly perform all of
<br /> Grantor's obligations under this Assignme�t, 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 consentto the use of cash collateralin 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 wMing.
<br /> Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and
<br /> conveythe Rentsto 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,encum6er,or otherwise dispose of aoy of Grantor's rights in the
<br /> Rents except as provided in this Assignment.
<br /> LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time,and even though no
<br /> default shall have occurred under this Assignment,to collect and receive the Rents. For this purpose,Lender is hereby
<br /> given and granted the following rigMs,powers and authority:
<br /> Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this
<br /> Assignment and directing all Rents to be paid directly to Lender or Lender's agent.
<br /> Enter the Property. Lender may enter upon and take possession of the Property;demand,collect and receive from
<br /> the tenants or from any other persons liable therefor,all of the Rents;institute and carry on all legal proceedings
<br /> necessary for the proYection of the Property, induding such proceedings as may be necessary to recover
<br /> possession of the Property;collect the RenYs and remove any tenant or tenants or other persons from the Property.
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