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■ <br /> M <br /> Z <br /> ■ <br /> M <br /> ■ mm p O"-D rn <br /> nH c Zm IV m <br /> CA) <br /> 0O �O p D <br /> —c, O Z -nz W Co_ <br /> ZD p <br /> w �-< 0 D� w <br /> ■ <br /> moo rcDi� we <br /> ■ <br /> o Z <br /> O <br /> WHEN RECORDED MAIL TO: <br /> Five Points Bank <br /> West Branch <br /> 2009 N. Diers Ave. <br /> Grand Island, NE 68803 FOR RECORDER'S USE ONLY <br /> FIVE POINTS BANK <br /> II II 1I II 11 II II II II II I I II I I I I I I I I I I I I II II 1 II II 1 II 11111111 II 1 III II <br /> *000000000101265847011506142013* <br /> ASSIGNMENT OF RENTS <br /> THIS ASSIGNMENT OF RENTS dated June 14, 2013, is made and executed between <br /> MITCHELL T NICKERSON and SUSAN E NICKERSON; Husband and Wife (referred to below as <br /> "Grantor") and Five Points Bank, whose address is 2009 N. Diers Ave., Grand Island, NE <br /> 68803 (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 /> LOT 2, COOPER SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, <br /> NEBRASKA <br /> The Property or its address is commonly known as 109 S KIMBALL 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 />