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<br />WHEN RECORDED MAIL TO:
<br />U.S. Bank National Association
<br />204 West 31st Street
<br />Kearney, NE 68848
<br />SEND TAX NOTICES TO:
<br />Raymond J. O'Connor and Jennifer S. O'Connor
<br />P.O. Box 139
<br />Grand Island, NE 68802 -0139
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS IS DATED MARCH 1, 2000, between Raymond J. O'Connor and Jennifer S.
<br />O'Connor, Husband and wife, whose address is P.O. Box 139, Grand Island, NE 68802 -0139 (referred to
<br />below as "Grantor "); and U.S. Bank National Association, whose address is 204 West 31st Street, Kearney, NE
<br />68848 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Parcel 1: Lots Three (3), Eleven (11), Twelve (12) and Sixteen (16), Grand Island Mail Eighth
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />AND;
<br />Parcel 2: Lot One (1), Replat of Lot One (1), Grand Island Mall Ninth Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 3406 State Street and 2010 -2020 Lawrence Lane,
<br />Grand Island, NE 68802 -0139. The Real Property tax identification number is 400137763, 400292874, 400292882, 400293412, and
<br />400137755.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Assignment. Terms not otherwise defined in this
<br />Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts
<br />in lawful money of the United States of America.
<br />Assignment. The word "Assignment" means this Assignment of Rents between Grantor and Lender, and includes without limitation all
<br />assignments and security interest provisions relating to the Rents.
<br />Event of Default. The words "Event of Default" mean and include without limitation any of the Events of Default set forth below in the section
<br />titled "Events of Default."
<br />Grantor. The word "Grantor" means Raymond J. O'Connor and Jennifer S. O'Connor.
<br />Indebtedness. The word "Indebtedness" means all principal and interest payable under the Note and any amounts expended or advanced by
<br />Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Assignment, together
<br />with interest on such amounts as provided in this Assignment.
<br />Lender. The word "Lender" means U.S. Bank National Association, its successors and assigns.
<br />Note. The word "Note" means the promissory note or credit agreement dated March 1, 2000, in the original principal amount of
<br />$2,144,000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Property. The word "Property" means the real property, and all improvements thereon, described above in the "Assignment" section.
<br />Real Property. The words "Real Property' mean the property, interests and rights described above in the "Property Definition" section.
<br />Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements and
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<br />THIS ASSIGNMENT OF RENTS IS DATED MARCH 1, 2000, between Raymond J. O'Connor and Jennifer S.
<br />O'Connor, Husband and wife, whose address is P.O. Box 139, Grand Island, NE 68802 -0139 (referred to
<br />below as "Grantor "); and U.S. Bank National Association, whose address is 204 West 31st Street, Kearney, NE
<br />68848 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Parcel 1: Lots Three (3), Eleven (11), Twelve (12) and Sixteen (16), Grand Island Mail Eighth
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />AND;
<br />Parcel 2: Lot One (1), Replat of Lot One (1), Grand Island Mall Ninth Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 3406 State Street and 2010 -2020 Lawrence Lane,
<br />Grand Island, NE 68802 -0139. The Real Property tax identification number is 400137763, 400292874, 400292882, 400293412, and
<br />400137755.
<br />DEFINITIONS. The following words shall have the following meanings when used in this Assignment. Terms not otherwise defined in this
<br />Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts
<br />in lawful money of the United States of America.
<br />Assignment. The word "Assignment" means this Assignment of Rents between Grantor and Lender, and includes without limitation all
<br />assignments and security interest provisions relating to the Rents.
<br />Event of Default. The words "Event of Default" mean and include without limitation any of the Events of Default set forth below in the section
<br />titled "Events of Default."
<br />Grantor. The word "Grantor" means Raymond J. O'Connor and Jennifer S. O'Connor.
<br />Indebtedness. The word "Indebtedness" means all principal and interest payable under the Note and any amounts expended or advanced by
<br />Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Assignment, together
<br />with interest on such amounts as provided in this Assignment.
<br />Lender. The word "Lender" means U.S. Bank National Association, its successors and assigns.
<br />Note. The word "Note" means the promissory note or credit agreement dated March 1, 2000, in the original principal amount of
<br />$2,144,000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br />substitutions for the promissory note or agreement.
<br />Property. The word "Property" means the real property, and all improvements thereon, described above in the "Assignment" section.
<br />Real Property. The words "Real Property' mean the property, interests and rights described above in the "Property Definition" section.
<br />Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements and
<br />
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