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<br /> � ��IIIHEN 1�ECC�Fi�]E� �J1A[L T�:
<br /> FErs�Natlonal�ank of�maha
<br /> ��an�h#D 7 D -�rand Island�ranch
<br /> S'i 0 �►llen�r
<br /> G�and Isiand NE 68803 FDR�tEG�RDER'S US��NL�'
<br /> 11 e
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<br /> � 584$D8132��!5�`
<br /> ASS�Ghlil�lENT �F RENTS
<br /> TH1S A5S1CN11�ENT �F REIVTS da�ed �►ugust 13, �0�5, is nnade and ex�cu�ed between T.�.
<br /> Enck Builder�, ln�., whvs� address is 4'�33 Fleetwood Rd, Grand ls[and, NE �88U3 �referred ��
<br /> be�aw as "Gran�or"} and Firs� Nationa� Bank of Omaha, wha�e address is �'I� A�[er� Dr, �rand
<br /> [sland, NE �88n3 �ref�rred tn be�aw as "L�nder"�,
<br /> ASSiGN1VlENT. Far valuab�e �ar�sidera���n, Gran�or h�reby assigns, grants a cantinuEng se�ur��y
<br /> �nterest in, and conveys �o L�nder �Id �f Gran�o�`� right, tit��, and in��r�st in and tt� th� R�nts
<br /> fram �he fo�lvvsring descr�bed �r�per�y Iacated �n Ha�l ��unty �oun��, Sta�e ��N�b�ask�r
<br /> Lt�� �, Block 3�, Packer anc� Barr°s S��or�d Ad�eti€�r� to the Ci�� �f �rand Island, Hlal�
<br /> ��un�yp IVebr��ka4
<br /> The Prv�er�y or�ts address i�Gom�nonly known as '13'! IV Grace, Grand [�land� NE ��847�_
<br /> THIS ASSIGNMENT 15 C�VEN T� SE�IJRE �'I} P�►YMENT�F THE INDEBTEDNESS AND {�� PERF�RNiAN�E�F ANY
<br /> AND ALL �BLIGATIDNS OF CRANT�R UNDEI�THE NaTE, TH�S ASS�GNII�EN�, AN13 THE RELATE� ����JME��'S.
<br /> TH�S ASSIGNMEIVT IS GIVEN AN❑ACCEPTED�N THE F�LIL�V111NG TE�i1Vl5:
<br /> PAYMENT AND PEFtF4R�lANCE. Except as❑�he�-w�se provided in this Assignrnent vr any f�elated Do�uments, Grantor
<br /> sha[[ pay t� Lender all amounts seGured by this Assignment as �hey be�ome due, and Shall s��ictly perfarm al! af
<br /> Grantar's vbligations under this Assignment. Unless and un�il Lender exercises its right to co��ect the Rents as prv�ided
<br /> befow and sa ivng as ther� is n�defauft under�his Assignment, �rantor may rernain in possessian and cantral nf and
<br /> ❑perate and manage the PrapertJ�and collect th� Rents,pra�ided�ha��he granting af the r�ght tv�o[iect the Ren#s shall
<br /> not cvnstitufie L�nder's consent to the use of cash callateral in a bankruptGy pr�ceeding.
<br /> GRAIVT�R'S REPRESENTATI�NS AND 1NARRAhlTIES. Granto�war�-ants that:
<br /> Ownership. Grantor is entiti�d ta r�ceive the Rents f�ee and �lear❑�al� rights, I�ans, liens, �ncumbrances, and
<br /> claims except as discl�sed t�and accepted by Lender in wr�ting.
<br /> Righ�tv As�ign. Grantvr ha��he �ull right, power and authori�y to en�er into this Assignment and�o ass�gn and
<br /> con�ey the Ren�s to Lender_
<br /> No Przvr Assignment. Gran�ar has not previously ass�gned vr Cvnveyed the Ren�s fa any vther persan by any
<br /> instrumen�now in�orce.
<br /> No Fu�Yher Transfer. Grantor wiil nat sell;assign,en�urnber,❑r vtherwise dispase�f an�of Grantor's rights in the
<br /> Rents excep�as pravided in�his Assignment.
<br /> LENaER'S R[GHT Ta REGElVE AND CDLLEGT RENTS. Lender shall ha�e fhe righ� at any tirne, and ev�n though no
<br /> de�ault shall have occur�ed under�his Assignmen�, to �ollect and�eG�ive the Rents. For this purpose, Lender is hereby
<br /> gi�en and granted the following righ�s,pawers and au�harity:
<br /> �o�ic� �o ��nants, L�nd�r may send notic�s ta any and all tenan#s o� the Property advis:ng �herr� ofi �h is
<br /> Assign�nent and directing a[1 Ren�s�o be paid dirzctly f� Lend�r or Lender's a�en�.
<br /> Enter the P�aperty. Lender may enter upvn and�ake possessivn❑f the Praperty;demand, co�€ect and recei�e fr�rr�
<br /> the tenants vr from any other persans liable therefar, ail vf the Ren�s; ins�i�ute and carry on alf legal proceedings
<br /> necessary �or �he pratectian v#� the Prvperty, including such proceedings as may be necessary to recover
<br /> �passession of the Property;c���e�fi the Ren�s and remo�e any tenant Qr tenants or other persons from�ne Proper�y.
<br /> IUiain�ain�he IPr�pe�. Lender may enter upon#he Prop�r�y�a maintain#he �'roper�y and keep the same in repair;
<br /> �❑ pay the cost� thereof and o�ail services af a[i�rnp€vy�es, �n�luding their equipr�ent,and vi a[I continuing casts
<br /> and expenses of ma�ntaining the Property�n prap�r repair and�onditior�,and also�a pay all�axes,assessments and
<br /> v+ra�er util�ties, and the premiums on fi�e and��her ins�rance��fec��d by L�nder on the Prvperty.
<br /> Comp�ianc� writh Lavus. �.ender may da any and all $hings to execute and �omp[y with the laws v#the Sta�e ❑f �
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