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07 <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell <br />Grand Island, NE 68803 <br />FIVE POINTS BANK <br />IIIIIIVIIIVIIIVIIIVIIIVIIIIl IVIIIIIIIIIIIIVIIIIIIIIVIIIVIIIVIIIIIIIulllIIUIIIIIVIIIVIII 1111111111111111111lll�ul�Iul111111111111111111 <br />* 000000000101280670011511052014* <br />o C) C!) <br />C:' - <br />--- <br />( <br />C < C) <br />C) 'T1 <br />c <br />FOR RECORDER'S USE ONLY L j O , 00 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated November 5, 2014, is made and executed between <br />JUDAH B FORBES; A SINGLE PERSON and WILLIAM J FORBES; A SINGLE PERSON (referred to <br />below as "Grantor ") and Five Points Bank, whose address is 2015 North Broadwell, Grand <br />Island, NE 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 />THE SOUTH SEVENTEEN (17) FEET OF LOT THREE (3) AND THE NORTH THIRTY TWO <br />(32) FEET OF LOT FOUR (4), BELMONT ADDITION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 608 N RUBY AVENUE, GRAND ISLAND, NE <br />68803. <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 />