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<br /> WHEN REC�F�QEL7 ���L T�:
<br /> First Nationa�Bank of�maha �
<br /> Branch#�7U
<br /> 2�23�n�1 A�e
<br /> Kearne��1VE f 8847. „,,,., ,_, ,.,,,., ,,,,,_ FDR REC�RDER'S USE ONLY
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<br /> �S�I����:�IT �� �lE��"�
<br /> ��IS ASSIGN��EIVT �]F �ENTS ���ed February 'I�, ��'�5, is �nade and exec���d ��fween �ar�in
<br /> Are[lanfl and ��rgar�ta Arellana; Husband and �'ife �refe�red ta belaw as "Grantor"} and F�rst
<br /> hla�ianal ��a�k of �maha, wh�se addre�s is 2��3 2nd Ave, Kearn�y, ��, C�847 �r��erred tfl
<br /> �elow as "Lender"�.
<br /> ASSI�N��NT. For �al�.��ble c�ns�derati�r�, Grantor hereb�l �s�igns, grants a continuing security
<br /> in�eres� �n, and condeys to Lender a�l of Grarttor"s righ#, fiitl�, and infe�rest �n and to fhe Renfis
<br /> trom the fol�nwing descr�bed PrQperty lo�ated in l�all C�un��l, 5�ate �f Nehraska:
<br /> The Nor�h�rly Forty-Tvvo feet �4�'} �f Lot Fi�e ��5}, ln B��ck Eigh�ee� �'I8}, �f H.�. Clark`s
<br /> Addr�ion tt� �he City of Gr�nd Is�and, Hal[ Co�n#y,:�ebraska
<br /> The Prnper�y or its address is c�mm8n�y kno►n�rn as fi�9 �or�h Cle�urn S�reet, Crand I��and, �E
<br /> f88�'�. The Pr�op�r�y ta� id�n�ificat�on numb�r �s ���?��'��i 83.
<br /> T�IIS ASSICNMEIVT IS�[VE#V TC] SE�IJRE �1) PA�IVIENT DF THE �NDEBTEDNESS AND �2} PERF�RIUTANCE QF AiVY
<br /> Ah1� ALL �BLI�ATI�NS QF CRANTQR �NDER THE NnTE, TH1S ASS�GN�=�INT, AND THE RELATED DDCUIUIENTS.
<br /> THI�ASSIGN�'#ENT IS G1VEN AN❑.A��EPTED QN THE FC]LLC]�IIING TE��S:
<br /> PAYMENT AND�ERFaR��I�CE. Exce�t as v�herwise pro�ided in this Assignmen�or any Related Documents, Grantor
<br /> shall pay fio �ender alf amaunts secured by this Assignrr�enf as #hey b�come due, and shall s��-ic�[y p�erFr�rm all of
<br /> Gran�ar's o��i�ations under�his Ass�gnment. Unles�and untif Lender exercises i#s right ta�oll���the Ren�s as pra�ided
<br /> belaw�and sv long as ther� is no de�Fault under this Assignmenf, Grantor may remain in possessior� and �ontrol af and
<br /> ❑perate and manage fh� Pmperty and cflllec#the Rents,pro�ided#hat th���-ant�r�g of fhe right tv cvllec�the Rents shafl
<br /> no#canstitut�Lender's�onsent to the use af cash�ollateral in a bankrupfcy proceeding.
<br /> GRANTQR'S REPRESENTATfnNS ANI�WARRANT�ES. Gran�or warrants that:
<br /> �wnersh�p, �rantor is �nfiitled to recei�e �h� Rents free and cfear of al� �-igh�s, loans, liens, en�urr�br�nce�r and
<br /> �laims except a�di�c�os�d#a and accepted by Lender in writing.
<br /> Right�o Assign. Grantvr has the full right, power and aufhv�ity to enter i��v#hi� As�ignment and fa assign and
<br /> can�ey the Rents#a L�nder.
<br /> No Prior Assignmen#. �rantor has r3ot previausly assigned or convey�d the Rents �o any vther person by any
<br /> �nstrument nvw in�ar�e.
<br /> � IVo Furthe�r Transfer. �rantor will not s�fl,ass�gn,encumb�r, or vtherwise dispose of any of Gr�ntor's r�gh�s in the
<br /> Renfis except as pra�Eded in�his As��gnment.
<br /> LEIVDER'S RIGHT T� REC�111E AND C�LLECT �tENTS. Lender sha�l ha�e the r�ght a� any time, ar7d evEn thv�agh nn
<br /> default shal� ha�e vccurred under�his Assignment, ta co[fect and recei�e�he F�ents. For this purpos�, Lender is hereby
<br /> giuen and gr�nted the fvllowing righ�s,�av�vers and autr�vrity:
<br /> Na#ice t� �'enants. Lender m�y sen� nvtices to ar�y and al! tenants af the Property ad�ising them of fhis
<br /> Assignmen�and directing ali Rents to be paid direct�y�a Lender vr Lender`s agent.
<br /> Enter the Prc�p�rty. Lender rnay enter upon and take possession of�he Proper�y;demand, cvlie�t and recei�e from
<br /> fih�tenant�s or from any► other person� liabfe therefar, all of the Rents; institute and carry on al� lec�al prviceedin�s
<br /> ne�essary fvr the protection of the Prop�r�y, incfudin� such pro�e�d�r�gs as ma� be ne�essary ta reca�er
<br /> possession af ths Propertys col[ect the Rents and rer-r-�fl��any tenanfi vr tenanfs❑r nthe�persons from�fie Property.
<br /> 11Aaintain the P�vpQrty. L�nder may�nter upon the Proper#y to ma�ntain the Prop�rky and ke��the sarne'rn repair;
<br /> ta pay the�asts thereaf and nf all sel-vices❑f all emplayees, �n�iudirrg their equipment, and of a[I �o�tinuing cvsfs
<br /> �nd expenses of rnain�aining the Praperty in proper repair and condifian, and a�so tv pay a[!taxes,assessmen#s and
<br /> water utilitie�; and the premiums❑n fire and ofiher in�urance��fec�ed by�.ender�n�he Proper�y.
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