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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />" Downtown <br />‘ <br />518NEddy <br />Grand Island, NE 68801 <br />IIII <br />r^ <br />Z C..J 0 - <br />- L__ Z -1 <br />C n <br />r <br />:" _ - � o <br />t*.".' :. N o - n <br />Cr) f rn <br />23 r n <br />ca t—+ u <br />N.) 7c <br />rn <br />r-T <br />FOR RECORDER'S USE ONLY <br />FIVE POINTS BANK Li o- <br />IIIII IIIII IIIII IIIN IIIN INN IIIII II II II IIIN IIIN NI I NIII IIIII IIIN III NIII l IIIII IIIII IIIII I I IIIII IIIII IIIII IIIII IIIN INII IIIII INI IIII <br />• 000000000101261113011501242013" <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated January 24, 2013, is made and executed between <br />ELISEO CALDERON and JESSICA CALDERON, HUSBAND AND WIFE. (referred to below as <br />"Grantor ") and Five Points Bank, whose address is 518 N Eddy , Grand Island, NE 68801 <br />(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 />THE WESTERLY ONE -HALF (W1/2) OF LOT SEVEN (7), IN BLOCK SIX (6), IN WIESE'S <br />ADDINTION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 512 W JOHN ST , GRAND ISLAND , NE <br />68801. <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 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 loan to <br />Grantor, together with 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 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 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 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 />0 <br />