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N� A Z <br />m_ = A Q <br />(ii A 01 Kb <br />is X S <br />co <br />O, <br />op <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68803 <br />II <br />73 <br />m <br />m <br />C <br />FIVE POINTS BANK <br />IIIIIII11 Nlfl llllll111l IIII I1118111111111 1 II IIIMnlllll <br />* 000000000101285236011505292015* <br />1111111 <br />111111111111111 <br />FOR RECORDER'S USE ONLY <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated May 29, 2015, is made and executed between JOSHUA <br />M VANCE and JOHANNA E VANCE; Husband and Wife (referred to below as "Grantor ") and <br />Five Points Bank, whose address is 2009 N. Diers Ave., Grand Island, NE 68803 (referred to <br />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 />Lots One (1), Two (2), Three (3), Four (4), Five (5) and Six (6), Block Six (6), Pleasant Hill <br />Addition to the City of Grand Island, Hall County, Nebraska <br />The Property or its address is commonly known as 823 E 11TH, 824 E 9TH, 918 REAL„ <br />GRAND ISLAND, NE 68801. <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 />