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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68804 <br />IIIIIIII IIIIl18III <br />FIVE POINTS BANK <br />IIIIIIIIIIIIIIII II1IIIIIINII UIIIIIIIII�IIIIIIIIIIIIIIIIIIIIIIII IIN <br />" 000000000101266156011506112013" <br />"IIIII <br />FOR RECORDER'S USE ONLY LA O <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated June 11, 2013, is made and executed between LANE <br />HOME IMPROVEMENTS & CONSTRUCTION LLC (referred to below as "Grantor ") and Five <br />Points Bank, whose address is 2009 N. Diers Ave., Grand Island, NE 68803 (referred to below <br />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 />Lot Five (5), Block One Hundred Seven (107), Railroad Addition to the City of Grand Island, <br />Hall County, Nebraska <br />The Property or its address is commonly known as 111 N EDDY & 724 -726 W 1ST, GRAND <br />ISLAND, NE 68801. The Property tax identification number is 400081148 & 400081121. <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower <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 />Borrower, 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 BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED <br />DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" <br />law, 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 deficiency, before or after Lender'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 responsibility for being and keeping informed about <br />00 <br />