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<br /> WHEhI REC�RDED MAIL T�:
<br /> PINNACLE BANK
<br /> FREM�NT�FFICE
<br /> 99 W fiTH ST
<br /> PD 6�x 668
<br /> FREM�NT NE C8025 F�R REC�RDER'S USE�NLY
<br /> ASS��NMENT �F RENTS
<br /> THiS ASSICNMENT �F RENTS dated Sept�mber 3�. ��15, is made and executed hetween H
<br /> PR�PERTIES �F �RAND ISLAND, LLC, a Nebraska Limited Liability Company, whose address is
<br /> 2415 E �3RL7 AVE S�UTH SUITE 50�, FREM�NT. NE �8�25 �referred to below as "Grantor"}
<br /> and P�NNACLE BANK, whose address is 39 Vll �TH 5T. P� B�� 668, FREM�NT, NE 68�25
<br /> treferred to below as "Lender"�.
<br /> AS5I�NMENT. For vaivable considerati�n. �rantar hereby assigns, grants a c�n#inuing security
<br /> interest in, and cvnveys tn Lender all of �rantor's right, title, and inter�st in and to the RentS
<br /> from the fo�lowing described Property ivcated in HALL County. State of Ne�raska:
<br /> LUT �NE ��}, CEa�►R R11]GE F�RST SUBD1VISigN, IN THE CITY ❑F GRANI3 15LAND. HALL
<br /> C�UNTY, NEBRASKA.
<br /> The Property vr �ts address is commonly known as 37�'I W '13TH STREET. GRAND ISLAND.
<br /> NE 688�3. The Praperty tax id�ntification number is 4��4'11�97.
<br /> CRQSS-COLLATERALIZATIQN. In additian ta the Nate, this Assignment s�cures all ❑hliga�ions, debts and liebilities,
<br /> pius interest thereon, of Grantor ta Lender. ❑r any�ne ar mare of them, as well as all claims by Lender against�rantvr
<br /> or any vne or mare of them, whether naw existing or hereafter arising, whether related or unrelated to the purpose ❑f
<br /> the hlvte, wh�ther �oluntary or otherwise, r►vhether due or not due, direct or indirect, determined ❑r undetermined,
<br /> absnlute vr �ontingent, iiquidated or unliquidated, whether Grantor may he liable �ndividual�y or jointly with others,
<br /> wheth�r obligated as guarantor, surety, accommodation perty❑�othe�wise, and whether reco�ery upan such amvunts
<br /> may be❑r hereafter rnay become barred by any statute of limitations,and whether the❑b�igatian tv repay such amaunts
<br /> rnay be or her�after may become othsrwise unenfarceable.
<br /> FUTURE AOVANCES. ln additi�n to the Nvte, this Assignment secures a�l futu�e ad�ances made by Lender to Grantar
<br /> whether or not the ad�ances are made pursuant to a cvmmitment. Specifically, withaut limitativn, this Assignment
<br /> secures, in addi�ion to the amounts specafied in the Note, al! futu�e amvunts Lender in its discretian may loan to
<br /> Grantor,tag�ther with al�interest therevn.
<br /> TH15 ASSIGNMENT 15 GIVEN T� SECURE �1� PAYMENT �F THE INDEBTEDNESS ANO �Zj PERF�RMANCE aF 14NY
<br /> AND ALL OBLIGATIDNS OF GRANTDR UNDER THE NOTE, TH15 AS5lGNMENT, AND THE RELATED DDCUMENTS.
<br /> TH15 AS5IGNMENT IS GIVEN AND ACCEPTED QN THE F�LL�WING TERMS:
<br /> PAYIIAENT AND PERFORMANCE. Except as otherwise pro�ided in this Assignment or any R�lated �ocurnents, Grantor
<br /> shall pay to Lender aEl amaunts secured by this Assignment as they becvme due, and shall strictly perf�rm all vf
<br /> Grant�r's❑bligations und�r this Assignment. Unless and until Lend�r exercises its right tv callec�the Ren�s as pra�ided
<br /> helo►►v and s� �ong as there is no default under this Assignment, Grantor may remain in pass�ssian and control o� and
<br /> operate and manage the Property and colle�t the Rents, pra�ided that the granting af the right t❑ collect the Rents shall
<br /> nat canstitute Lender's cansent tv the use❑f cash collateral in a hankruptcy proceeding.
<br /> LENDER'S R1GHT TD REGEIVE AND C�LLECT RENTS. Lender sha1� ha�e the right at any time, and even thaugh no
<br /> default shall ha�e accurred und�r this Assignment,ta caf�ect and recei�e th� Rents. Fvr�his purpose, Lender is her�by
<br /> given and granted the follawing rights, powers and auth�rity:
<br /> Notice tv Tenants. Lender may send notices t❑ any and a�1 tenants �f the Praperty ad�+sing them ❑f this
<br /> Assignment and directing all Rents to be paid dir�ctly ta Lender ar Lender's agent.
<br /> Enter the Property. Lender may enter upon and take pvssessian❑f the Praperty; demand, �olle�t and recei�e from
<br /> the tenants or frvrn any other persons liable therefar, all of the Rents; institute and carry an all legal proceedings
<br /> necessary for th� prote�tian of the Property, including such proceedings as may he necessary t❑ reco�er
<br /> passess�an of the Prvpsrty; collect the Rents and remo�e any tenant ar tenants or other persons frvm the Property.
<br /> �ther Acts. Lender may da ail such ather things and acts with r�spect to the Prvperty as Lender may �feem
<br /> appropriate and may a�t exGlusi�ely and solely in the place and stead of Grantor and ta ha�e all of the pvwers ❑f
<br /> G rantor for the purpases stat�d abo�e.
<br /> APPLICATI�N OF RENTS. All costs and.exp�nses incurred by Lender in connection with the Property shall be for
<br /> Grantor's accaunt and Lender may pay such cvsts and expenses from the Rents. Lender. in its sole d'+scretion, sha�l
<br /> determine the application of any and all Rents recei�ed by it; howe�er, any such Rents recei�ed by Lender which are
<br /> not applied to such c�sts and expenses shall �e applied #o the lndebtedness. All expenditures made by Lender under
<br /> this Assignment and nvt reimhursed #rvm the Rents shall became a part of the Indebtedness secured by this
<br /> Assi�nment, and shall b�payable an demand, with interest at the Note rate from date of expenditure until paid.
<br /> FULL PERFORMANCE. 1f Grantor pays all �f the Indebted�ess when due and oth�rwise performs all the ❑biigativns
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