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<br /> INHEN REC�RDE� NlAIL Ta:
<br /> P�NNACLE BANK
<br /> FREMDNT�FFICE
<br /> 99 W fiTH ST
<br /> P� B�X fi�8
<br /> FREMaNT NE �8Q25 F�R RECaRDER'S U5E ONLY
<br /> ASS�GNMENT �F RENTS
<br /> TH15 ASSIGNM ENT flF RENTS dated December 'I 8. 2�'I 5, is made and executed between TCK
<br /> �F �RAN❑ �SLAN�. LLC, whvse address is 'I'I Q� BUD BLVD, FREM�NT, NE �8�25 �referred
<br /> ta be�aw as "Grantor"� and PINNACLE BANK, whose address is 99 `1V �TH ST. P� BQX 668.
<br /> FREM�NT, NE �8��5 treferred to belvw as "Lender"�.
<br /> ASSiGNMENT. Far �aluable conside�at�on, Grantor herehy assigns. grants a cantinuing security
<br /> interest in, and �flnrreys to Lender all of Grantar's right, title, and interest �n and to the Rents
<br /> from the following described Property iacated in HALL Caunty. State af Neb�aska:
<br /> L�T 2, PLATTE VALLEY INDUSTRIAL PARK F�URTH SUBDtVIS[�N. AN ADDITIC]N T� THE
<br /> CITY C]F GRAND ISLAND, HALL CC3UNTY, IVEBRASKA
<br /> The Property or its address is cvmmonly known as 42�'I JUERGEN R�AD, GRAND ISLAND,
<br /> NE �88�2. The Prvperty tax identification number is 4��379�87.
<br /> CR�SS-C�LLATERALIZATl�N, ln �ddttion to the Na#e, this Assignment secures �II obfigati�ns, dehts and liabi�+ties,
<br /> plus interest therean, vf either Grantor ar Bvrrawer tv L�ndet�, or any one or more o# them, as well as aif claims by
<br /> Lender against Borrower and Grantor ❑r any ane or more of them, whether now existing or hereafter arising, whether
<br /> related vr unrelated to the purpos� of the Note, whether voluntary or otherwise, whether due ❑r nvt due, direct or
<br /> indirect, determined ❑r undetermined, absolute ❑r cantingent, liquidated or unliquidated, whether Borrawer or Grantor
<br /> may be �iable indi�idually or jvintiy with vthers, whether vbligated as guarantar. surety, accommada�ian party vr
<br /> ❑therwise, and whether r�co�ery upon such amounts may be or hereafiter may bec�me barred by any statute of
<br /> limitativns, and whether the ❑bligatian to repay such amounts may be or hereafter may become atherwise
<br /> unen#orceable.
<br /> REV�LVEN� LlNE OF CREDIT. This Assignment secures the Indehtedness including, without Cimitation, a re�alving line
<br /> of credit, which vbliga#es Lender to make ad��nces to Borrower so Ivng as Borrawer complies w�th a�!the terms vf the
<br /> Note.
<br /> THlS A551GNMENT lS G�VEN T�] SECURE {'1 y PAYMENT QF THE INDEBTEDNESS AND t2f PERFQRMANCE DF ANY
<br /> AND ALL 4BL�GATIaNS �F B�RR�WER AN!] GRANT�R UNDER THE NOTE, TH�S ASSIGNMENT, AND THE RELATED
<br /> D�CUMENTS. THIS A5SlGNMENT IS GIVEN AND ACCEPTED DN THE F�LLOWING TERMS:
<br /> �RANTDR'S 1JVAiVERS. Grantar wai�es all rights or defenses arising by reason of any "vne action" or "anti-defi�iency"
<br /> law, ar any other law which may pre�ent Lender from bringing any actinn against Grantor, including a claim #or
<br /> deficiency ta the extent Lender is otherwise entitled tv a c�aim for deficiency, before ar after Lender's commenc�men#
<br /> or cample�ion of any foreclosure ac#ion, either�ud�ciaily or by exercEse nf a pawer af sale.
<br /> PAYMENT AND PERF�RMANCE. Except as vtherwise pro�ided in this Assignment or any Related Documents, Grantor
<br /> sha!! pay tv Lender all amvunts secured by this Assignment as they �ecvme due, and shall strict�y perform all ❑f
<br /> Grantor's obligations under this Assignment. Unfess and until Lender exercises its right tv colie�t the Rents as pra�ided
<br /> below and sv Iong as there is nv default under this Assignment, �rantor may remain in possession and control of and
<br /> vperate and manage the P�-operty and collect the Rents, praWided that the granting of the right to collect the Rents shall
<br /> not constitute Lender's cansent ta the use of cash co�iatera� in a bankruptcy proceeding.
<br /> LENDER'S REGHT T� RECEIVE AND CaLLECT RENTS. Lender sha�! ha�e the right at any time, and e�en thvugh no
<br /> default shall ha�e flccurred under this Assignment� to callect and re�ei�e the Rents. Far this purpase, Lender is hereby
<br /> gi�en and granted the follawing r�ghts, powers and authority:
<br /> Na�ice to Tenants. Lender may send notices to any an� all tenants ❑f the Property advising them of this
<br /> Ass�gnment and dire�ting a�i Rents to be paid dire�tly to Lender ar Lender's agent.
<br /> Enter the Praperty. Lender may enter upon and take passessian of the Property; demand. callect and recei�e frflm
<br /> �he tenants ar from any ❑ther persons liable therefvr, all of the Rents; instituts and carry an all Iegal pro�eedings
<br /> necessary fvr the pratection of the ProperCy, including such prviceedings as may be necessary to reco��r
<br /> possessivn ofi the Property; collect the Rents and rema�e any tenant ar tenants or other persvns from the Property.
<br /> Other Acts. Lender may do all such ❑ther th�ngs and acts with respe�t to the Property as Lender may deem
<br /> appropriate and may act exc�usi�ely and solely in the pla�e and stead of �rantor and to ha�e all of the powers af
<br /> Grantor far the purposes stated abo�e.
<br /> APPLICATI�N �F RENTS. All casts and expenses incurred by Lender in cvnneGtivn with the Prvper�y shafl be for
<br /> Grantor's account and Lender may pay such costs and expenses fram the Rents. Lender�, in its sole discreti�n, shalE
<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 appiied to such cvsts and expenses shall be applied tv the fnde�tedness. Ai! expenditures made by L�nder under
<br />
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