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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island. NE 68803 <br />1 111 <br />II <br />1111 <br />rn <br />-n <br />z <br />v <br />m a !^ <br />f Vi <br />PC I <br />ca <br />FIVE POINTS BANK <br />INII II 111 Ia�I It HI 1 I t 1I INhI IH Ihu0Ii 1 1II III0fl0l0�N <br />000 1501312014• <br />C /4 e l4): <br />FOR RECORDER'S USE ONLY <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated January 31, 2014, is made and executed between <br />DENNIS DEAN EWOLDT and PAULA GAYE EWOLDT; 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 />-1/5TH INTEREST ONLY- The South Half of the Northeast Quarter (S 1 /2NE1 /4) of Section <br />Thirty Four (34), Township Eleven (11) North, Range Eleven (11) West of the 6th P.M., Hall <br />County, Nebraska <br />The Property or its address is commonly known as S1/2NE1/4 34- 11 -11, NE. <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 />