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ow ro mm �� RI o o � w Zm fVm wo o TI < —D p mW mz WO (n 0, r9S W 1 N D W mTI I o M ff� -o m D CO w C enocn 0 ao O o o wo go o z WHEN RECORDED MAIL TO: CrossFirst Bank 4707 W 135th Street Leawood, KS 66224 FOR RECORDER'S USE ONLY ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated February 10, 2013, is made and executed between Grand Island Bickford Cottage, L.L.C., a Kansas limited liability company, whose address is 13795 S. Mur-Len Rd. #301, Olathe, Kansas 66062 (referred to below as "Grantor') and CrossFirst Bank, whose address is 4707 W 135th Street, Leawood, KS 66224 (referred to below as "Lender"). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in Hall County, State of Nebraska: Lot 1, Brentwood Sixth Subdivision, in the City of Grand Island, Hall County, Nebraska The Property or its address is commonly known as 3285 Woodbridge Blvd, Grand Island, NE 68801. CROSS-COLLATERALIZATION. In addition to the Note, this Assignment secures the following described additional indebtedness: #1700002577-3. REVOLVING LINE OF CREDIT. This Assignment secures the Indebtedness including, without limitation, a revolving line of credit, which obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of the Note. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND 12) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS, THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency' law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale. BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to take under this Assignment. PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shell pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided below end so long as there is no default under this Assignment, Grantor may remain in possession and control of and operate and menage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall PLEASE RETURN DOCUMENT TO: First American Tale Insurance Company National Commercial Services 911 Man, Suite 2500, Kansas City, MO 64105 Attention ,Caren Koehler FIFF NOS a9_5