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1 <br />CA) <br />Co <br />CO <br />000000000101269438011510042013 <br />II I I I�IINiiiiiu „!I� 4 , I I {IIgll ME R IANN NIIUIIIINI SINN <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68803 FQR RECORDER'S USE ONLY <br />FIvE <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated October 4, 2013, is made and executed between JON M <br />MYERS and CHANDRA L MYERS; Husband and Wife (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 />Condominium Unit No. 305, The Yancey, a Condominium, a condominium in accordance <br />with the Declaration recorded on October 17 1984, under Document No 84- 005507 of the <br />County of Hall, State of Nebraska Records <br />The Property or its address is commonly known as 123 N LOCUST STREET #305, GRAND <br />ISLAND, NE 68801. The Property tax identification number is 400143348. <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 ail 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 />(-7 009 <br />