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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell <br />Grand Island. NE 68803 <br />111111111111111111111 <br />It <br />rn <br />9: et CP <br />Z <br />H <br />FIVE POINTS BANK <br />IIIII IIIII IIIII IIIII IIIII IIIII VIII I III IIII IIII VIII VIII IIII VIII III[ VIII VIII VIII IIII VIII IIIII n <br />000000000101268151011508152013 <br />FOR RECORDER'S USE ONLY <br />IIIIIIIIIIII <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated August 15, 2013, is made and executed between <br />PATRICK RENTALS LLC, A LIMITED LIABILITY COMPANY (referred to below as "Grantor ") and <br />Five Points Bank, whose address is 2015 North Broadwell, Grand Island, NE 68803 (referred to <br />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 SOUTH HALF (S1/2) OF LOT FOUR (4), IN GARDEN PLACE, A SUBDIVISION OF A <br />PART OF THE NORTHWEST QUARTER (NW1 /4) OF SECTION THREE (3), TOWNSHIP <br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, <br />NEBRASKA. <br />The Property or its address is commonly known as 3059 N ST. PAUL ROAD, GRAND ISLAND, <br />NE 68801. <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 />ri <br />cp <br />m <br />f <br />co v <br />� t7 <br />C <br />...0 <br />rre <br />c <br />LI o . 0 0 <br />