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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />North Branch <br />2015 North Broadwell <br />Grand Island. NE 68803 <br />IIII <br />11 <br />11 <br />m <br />T <br />z <br />:71c n <br />, <br />1111111111111111111111111 <br />IIII <br />II I II 1 I II IIIII IIIII I III 1111 IIIII IIII <br />* 000000000101291158011511242015* <br />11111111111111111111111111111111111 <br />FOR RECORDER'S USE ONLY <br />N <br />ca <br />1--4 <br />c_n <br />Q <br />C ) <br />CD <br />C7) <br />CID <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated November 24, 2015, is made and executed between J & <br />B RENTALS, L,L,C,; A LIMITED LIABILITY COMPANY (referred to below as "Grantor ") and Five <br />Points Bank, whose address is 2015 North Broadwell, Grand Island, NE 68803 (referred to <br />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 />LOT THREE (3) AND LOT FOUR (4), BLOCK THIRTEEN (13), IN ARNOLD AND ABBOTT'S <br />ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 315 N WASHINGTON, GRAND ISLAND, <br />NE. <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower <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 />Borrower, 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 BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED <br />DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" <br />law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for <br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement <br />or completion of any foreclosure action, either judicially or by exercise of a power of sale. <br />BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender <br />takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about <br />the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including <br />without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the <br />Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to <br />