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<br /> WHEN RECORDED MAIL TO:
<br /> Equitable Bank �
<br /> North Locust Branch
<br /> 113-775 N Locust St
<br /> PO Box 160
<br /> Grand Isfand,NE 68802-0160 FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS dated December 14, 2012, is made and executed between J &
<br /> B RENTALS, L.L.C., whose address is 318 N MADISON ST, GRAND ISLAND, NE 68802; A
<br /> IVEBRASKA CORPORATION (referred to below as "Gra�ator'°) and Equitabie �ank, whose
<br /> address is 113-115 N Locust St, PO Box 160, Grand IsBand, NE 68802-0760 (referred to
<br /> below as "Lender").
<br /> ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grents 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'►n HALL County,State of Nebraska:
<br /> See EXH9BIT "A",which is attached to this Assignraient and made a part of this Assignment
<br /> as if fully set forth herein.
<br /> 3he Property or its address is eommonly known as 'l014- 'i022 N GREENWICH; 1Q3 - 105 &
<br /> 115 W PHOENIX; 1375 N HUSTOIV AVE; 1621 ST PAUL E€D; 274 W 7TH ST; 2'[8 W 2ND ST;
<br /> 228 N BOGGS AVE; 312 N MADISON ST;322 N GREEN1iVICH;424 N CEDAR ST; 514 N VINE
<br /> ST; 523 E 10TIi ST;617 W 5TH ST; AND 922 W NORTH FROIVT ST
<br /> , GRAND ISLAND, NE 68801. The Property tax identefication number is 400133652;
<br /> 400094002; 4001 1 7 649; 400214075; 400096749; 400005530; 4000070288; 400051567;
<br /> 400009250;400002833;400065711;400120097;400003007;400085637.
<br /> CROSS-COLLATERALIZATION. In addltion to the Note, this Assignment secures all obligations, debts and liabilities,
<br /> plus interest thereon,of Grantor to Lender,or any one or more of them,as well as all claims by Lender against Grantor
<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, liquidafed or unliquidated, whether Grantor may be 1ia61e individually or jointly with others,
<br /> whether obligated as guarantor,surety,accommodation party or otherwise,and whether recovery upon.such amounts
<br /> may be or hereaiter may 6ecome barred by any statute of limitations,antl whether the obligation to repay such amounts
<br /> may be or hereafter may become otherwise unenforceable.
<br /> FUTURE ADVANCES. In addition m the Note,this Assignment secures ali future advances made by Lender to Grantor
<br /> whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br /> secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may ioan to
<br /> Grantor,together wiYh all interest thereon.
<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 FOLLOWWG 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 /> Granmr's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br /> below and so long as ihere is no default under this Assignment,Grantor may remain in possession and control of and
<br /> operate and manage the Property and collect Yhe Rents,provided that the granting of the right m 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 /> Ownership. Grantor is antitled to receive the Rents f�ee and clear of all rights, loans, liens, encumbrances, and
<br /> daims except as disclosed to and accepted 6y Lender in writing.
<br /> Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign antl
<br /> convey the Rents to Lender.
<br /> No Prior qssignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br /> instrument now in force.
<br /> No Further Transfer. GraMor will not sell,assign,encumber,or otherwise dispose of any 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 /> defauit shall have occurred under this Assignment,to collect and receive the Rents. For this purpose,Lender is hereby
<br /> give�and granted the following rights,powers and authority:
<br />
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