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<br /> WHEN REC�RDED MAlL TC]: .
<br /> Loan�perativns
<br /> 333 West Broadway
<br /> Caun�il Bluffs, lA 5'!5�3 FDR REC�RDER'S USE aNLY
<br /> �� � �l C���� .
<br /> �000�00000��00�0�9�o���og�gzo�4�
<br /> ASSIGNMENT �F RENTS � � . �
<br /> THIS ASSIGNIVIENT �F FtENTS dated Septemher �9. 2�'14, is made and executed hetween
<br /> Buehler properti�s. LLC, a Nehraska Limited Liahility� Company, whose address is '146'!�
<br /> . Shepard 5treet, �maha . NE 68'I 54: treferred to below as "�rantor"� and American Nationa�
<br /> Bank, whose address is 899� W Dadge Raad. �maha. NE 68��4 �referred ta below as
<br /> .'Lender"�.
<br /> ASSfGNMENT. F�r �aluahle c�nsideration, Grantor hereby assigns, grants a cantinuing se�urity
<br /> interest �n, and can�eys to Lende� a�f of Grantar's -right, title, and interest in and tv the Rents -
<br /> frvm the fv��owing described Property Ia�ated in Hali County. State vf Nebraska:
<br /> Lots '14 and '15. Farrall Subdi�ision, a part of the Svuth Half of the Northwest Quarter af
<br /> Section 24, Tvwnship 'I'I Narth, Range '1� Vllest of the �th P.M., Hall Caunty, Nebraska
<br /> The Property �r its address is cammonly knvwn as L�ts '14 & '15. Farrall Subdi�ision, Grand
<br /> Island. NE �88U3.
<br /> CR�SS-CaLLATERALIZATIQN. In addition to the N�te, this Ass+gnment secures all obligations, debts and liabifities,
<br /> plus interest thereon, ❑f Grantar to Lender, or any one �r more of them, as well as all �laims by Lender against Gran�or
<br /> or any one or more vf them, whether nvw existing or hereafter arising, whether related or unrefated to the purpose of
<br /> the Note, whether �oluntary or otherwise, whether due or not due, direct or indirect, dete�mined or undetermined,
<br /> absolute vr contingent, liquidated or unliquidated, whether Grantor may be iiable indi�idually or jointly with others, �
<br /> - whether obligated as guaran�ar, surety, accvmmodation party or vtherwis�, and whether reco�ery upon such amounts �
<br /> may be or hereafter may becvme barred by any statute of limitations, and whe�her the obligation tQ repay such amounts
<br /> may b�or hereafter may become otherwise unenforceable. �
<br /> FUTURE ADVAN�ES. In additian ta the Nvte, this Assignment secures all future ad�ances made by Lend�r to Grantor
<br /> whether �r nat the ad�ances are made pursuant to a commitment. Specifica��y, withaut limitation, this Assignment
<br /> secures, in additi�n to the amounts specified in the Nvte, all future amounts Lender in its discretion may loan ta -
<br /> Grantor, together with all interest thereon. ,•
<br /> THIS ASSIGNMENT 15 GIVEN TQ SECURE �'I y PAYMENT flF THE INI]EBTEDNESS AND �2y PERF�RMANCE �F ANY
<br /> AND ALL �6LIGATI�NS �F GRANTQR UNDER THE N�TE, TH15 A551GNNlENT. AN� THE RELATED D�CUMENTS.
<br /> TH�S ASSIGN1VIEfVT i5 GIVEN AN❑ACCEPTED�N THE FQLLaWING TERMS: �
<br /> PAYMENT AND PERF�RMANCE. Except as otherwise pro�ic�ed in this Assignment or any Related Documents, Grantor
<br /> shall pay to Lender al� amounts secured by this Assignment as #hey become due, and shal� strictly perform all of
<br /> Grantor's abligations under this Assignment. Unless and unti� Lender exerc�ses its right to co�fect the Rents as pra�ided
<br /> b�l�w and sa long as there is na default under this Assignment, Grantor may remain in possession and contrvl of and
<br /> operate and manage the Praperty and ��Ilect the Rents, pro�ided that the granting of the right to collect the Rents shall
<br /> not cvnstitute Lender's consent to the use of cash collateraf in a hankruptcy proceeding. �
<br /> GRANTaR'S REPRESENTATIQNS AND LNARRANTIES. Grantvr warrants that:
<br /> �wnership. Grantor is enti#fed to recei�e the Rents free and clear of all rights, loans, liens, encumbrances, and
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