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<br /> 111�HEN RE��RDEI� IViAIL T�e
<br /> Firs�Nat'ranal Bank af Umaha
<br /> Branch#�7v -Grand island Branch
<br /> 8'!D Aiten Dr
<br /> Grand lsiand NE G 8 8 a 3 F�R REC�R�ER'S�5E�N LY
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<br /> � ���a� ��n
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<br /> '� a8�8�73��n'15�
<br /> I���1GNN�ENT �F RENTS
<br /> THIS ASS�GNMENT UF RENTS dated July 37, ��1�, is made and execu�ed be�►rveen ❑a-Ly
<br /> PrQper�ies, LL�, wh�se �ddress is �5'�4 S Lv�u�� S�, Grand Es�and, NE 688fl� �referred to
<br /> b��av+r �s "Grant�r"} and First Na�ivna� Bank t�f �maha, whvse address is 8'I� Al�en Dr, Grand
<br /> Isi�nd, NE fi8�03 �referred �o h�l�w as "L�r�der"�.
<br /> AS5IGNMENT. F�r�alua�ie cons�der��ian, G�-antor hereby� assignsF g�a�ts a �ontinuing secur��y
<br /> in�eres� �n, and �an�ey� �o Lend�r a�� �f �rant�r's right, title, ar�d in�e�es� ir� and #� �he Ren��
<br /> frvrnr the fo�lowing describ�d Prope�y lvca��d in Hal� Counfy ���un�y, �ta�� vf Nebraska:
<br /> Lot �ne ���, LaBe��ndo Sec4nd Sub�`rv�si�n in the �ity of Grand Island, Hal� County,
<br /> N�hraska, EX�EPTIN� a �tract more par�icularly descr"rhed in Warranty De�d re�arded as
<br /> D�cument hfv. �U�3't�345
<br /> The Prap�r�y tir i�s address �s �vmmanly knvwn as 130� �. Lo�us� 5t, Grand lslan�, NE
<br /> fBSU'1.
<br /> CROSS-CaLLATERAL[�ATi�N, In additivn t❑ the Nvte, this Assignrnent secures ail �hliga�ions, d�bts and �iabi�ities,
<br /> plus interest therean, ❑f�ran#or�o Lender, or any one or more of them, as wei� as ail C�a�ms by L�nder against Grantar
<br /> or any an� or mar�❑f�hem,whether now �xisting ❑r h�r�af�e�arising, whether related or unrelated �o the purpc�se of
<br /> the Nvte, v�rhether �oluntary vr v#he�-w�se, whether due or not due, direct ❑r indirec�, de�ermined or �ndeterrni�ed,
<br /> absaiute �r contingent, Iiyuidated ar unliquida�ed, whether Grantar may be liabl� indi�idual�y or ��in�)y w�th a�hers,
<br /> whether ohiigated as guarantar, surety, a�commodatian pa�Y or otherwise, and wh�ther reca�ery upon such amounts
<br /> may be or hereafter may become ba�-red by any sta�u�e vf�imitatiQns,and whether the obligat�on to repay such amvunts
<br /> may be❑r hereaft�r may become�tharwise un�nforc�able.
<br /> TH�S ASSrGN�IIENT [S GIVEN TQ SECiJRE �7} PAYMENT�F THE�NDEBTEDNESS AND ��} R�F�F�RMAN�E �F ANY
<br /> AND ALL QBLIGATIONS �F GRANTQR UNDER THE IV�TE, THiS ASS�GNMENT, AND THE RELATED DQCUMENTS,
<br /> THIS ASSICNMENT 15 GIVEN AND ACCEPTE��1V THE F�LLD�fI�lG TERI111S:
<br /> PAYIUIENT AN D PERFORIVIAN�E. Except as vthennr�se prv�ided in�his Assignment�r any i�elated Do�umen�s, Grantor
<br /> shall pay #o Lender all arnvunts secured by this Assignment as fhey become due, and shall s#rict[y perfarm all vf
<br /> Gran�ot-'s o��igatians under th�s Assignrnent. Unless and untif Lender exercises ifis right fiv colfect the Rents as provided
<br /> be�ow and so long as th�re is no default und�r this Assignment, �rantor may remain in passessian and controi af and
<br /> operat�and manage the Praperty and�vllect�he Rents,provided�ha�#he granting vf the righ�to cvl[e�t the�ents shall
<br /> not cvnstitute Lender's c�ns�r�t ta the use o�F cash colla�eral ir�a bankrupt�y proceedin�.
<br /> �RANT�R'S REPRESENTA�'14IV5 AN�]V11►4RRANTlES, �rantar w��-rants fha�:
<br /> Qwn�rshipe Grantor is entitled �o re�eive�he Rents free and clear of alf rights, laans, liens, enGumbrances, and
<br /> clairns except as discl�sed to�nd accepted by Lender in writing.
<br /> Right�v Assign. Grantor has the fu�� righ#, power and authority to en�er in�o this Assignment and�o ass�gn and
<br /> conrrey the Rents to Lender.
<br /> IVo Prior Ass�gnment. Grantor has nv# previausly ass�gned or Gan�eyed �he Rents to any ather person by any
<br /> ins�rument naw in�o��e.
<br /> Nv Further Transfer, Grant��'wil�not sell,assign,�ncum�er,vr�therwise dispose c�f any of�rantor`s rights in�he
<br /> F�ents excepf as pro�ided in�his Assignm�nt.
<br /> LElVDER'S F�I�HT T� RE�E11fE AIV� �C�LLEGT' P�ENTS. Lender sha�l ha�e the right at any tims, and ever� �haugh n�
<br /> default shall ha�e ac�urred under this Assignment, �a call�ct and receive the Rents. For�his purpvse, Lender is h��'eby
<br /> gi�ert and granted�he fo��owing ri�hts, powers and authori�y:
<br /> Nat�ce t� Tenantsa L�nder may send n�tic�� to any and al1 �enants ❑� the F'roper�y advising th�rn of this
<br /> Assig�men�and direc�ing al!Rents�a be paid directly to Lender or Lender's agent.
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