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Z T. <br />cs• X no <br />!'h <br />6 <br />CJ1 Q <br />• <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68803 <br />1111111111111111 <br />FIVE POINTS BANK <br />110111!11111 IIIIIIIIIIIIIIIIII I1IIIIIIIIIIIIIIII IIIII IIIIIII IIIIIIIIIII�IIIIII <br />0 000101286772011507032015* <br />1111111111111111111111 11111 <br />r�J <br />r <br />r <br />L <br />c-. <br />^J <br />rs\,) <br />c.n <br />FOR RECORDER'S USE ONLY <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated July 3, 2015, is made and executed between MITCHELL <br />T NICKERSON and SUSAN E NICKERSON; Husband and Wife (referred to below as "Grantor ") <br />and Five Points Bank, whose address is 2009 N. Diers Ave., Grand Island, NE 68803 (referred <br />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 Northerly Forty (40) Feet of Lot One (1), in Block One (1), Bartling's Subdivision, in the <br />City of Grand Island, Hall County, Nebraska <br />The Property or its address is commonly known as 602 S CLEBURN, GRAND ISLAND, NE <br />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 />