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WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68803 <br />1111 1111111111 <br />III <br />m <br />11 <br />c <br />A 2 <br />n N Sti <br />X Z <br />n n <br />FIVE POINTS BANK <br />11111111111111111 1111111 11111111111111111111111111111 1110111 111111 II II1111 11 11111111 <br />* 000000000101293102011502292016* <br />IIIII <br />IIIII <br />FOR RECORDER'S USE ONLY el OD <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated February 29, 2016, is made and executed between JON <br />M MYERS and CHANDRA L MYERS; Husband and Wife (referred to below as "Grantor ") and <br />Five Points Bank, whose address is 2009 N. Diers Ave., 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 />Condominium Unit No. 703, The Yancey, A Condominium, The City of Grand Island, Hall <br />County, Nebraska, a Condominium in accordance with the Declaration recorded October 17, <br />1984, under Document No. 84- 005507 of the County of Hall, State of Nebraska records. <br />The Property or its address is commonly known as 123 N LOCUST ST., #703, GRAND <br />ISLAND, NE 68801. <br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor <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 />Grantor, 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 GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. <br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: <br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor <br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of <br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided <br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and <br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall <br />