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<br /> �HEN REC�RDEI� NiA1L T'�:
<br /> First Nativnat Bank�f Qmaha
<br /> 6ranch#�7� W Grand Island B�ranch
<br /> S'1 D Allen Dr
<br /> Grand Island NE �8 8 D 3 F�R RECDR�ER'S USE aN LY
<br /> ■ .
<br /> irs � ��r�� ar�
<br /> * 5848�3�12�1�'�
<br /> ASSIC�NMENT �F RENTS
<br /> TH15 ASSI�NMENT �F RENTS dated IVlar�h 'l'�, 2��6, is made and executed between Todd E
<br /> La�ta, whose address is �0� S Ingalls St� Crand ls�and, NE �5��3 and Jane� L Latfa, whose
<br /> a�ldress is ��� S ingalls St, �rand lsl�nd, NE G88�3; Husband and Wife �referred �o helow as
<br /> "Grantvr"} and F[rst Nati�nal �ank of �r�aha, whose address is 8'i� Aflen Dr, Grand lsland, NE
<br /> fi�8[�3 �referred to below as "Lend�r"}.
<br /> A��1GN�ENT. Far�afuable considera�ion, Gran�ar hereby ass�gns, gran�s a co�tinu�ng security
<br /> �nter�st in, and con�eys �� Lender all �f Grantar's r�g�t, title, and interest in and to the Rents
<br /> from �he follaw�ng descr�b�d Property Iv�ated in Ha�� County, 5tate of Nehra�ka:
<br /> Lo� Ten �1��, Block Nine �9}, �n Ashtvn P�ace, an Addit�on fa #he City �f Grand lslar�d, Hall
<br /> Cou n�y, Nebraska
<br /> The Property or��s address �s commonly kn�wn as �5'15 W Charles, Grand Island, NE C88D3.
<br /> �R�SS-CDLLATERALt�4TIC�N. In addit�an to the Nate, this Assignment secures all obligations, debts and liabi�i�ies,
<br /> plus interest thereon, of Grantor to L�nde�, or any one or mare vf them, as well as alf ciaims hy Lender against Grantar
<br /> or any vne o�- more o�them, whether now existing or hereafter arising, whether �elated or unrelated to the purpose of
<br /> the Note, wheth�r vo�untary vr o�herwise, whethe� due or not due, direct ar indirect, det�rmined ar undet�rmined,
<br /> absvlute or cvnting�nt, �iquidated vr un�iquidated, whether Grantor may be liable individua�ly or jvintly with others,
<br /> whether ob[igated as guarantor, surety, accamm�dativn par�y vr otherwise, and whether re�avery upon such amoun�s
<br /> may be or herea�ter may h�come barred by any statut�o�limitati�ns, and whe�her the ohiigation tv repay such amounts
<br /> may be or hereafter may b�cvme v�hen�rise unen�arceable.
<br /> FUTURE ADVANGES. In addition to the Note, this Assignment secures al��utur� ad�ances made by Lender�v �ran�or
<br /> whether or nvt the ad�ances are made pursuant to a �ommitment. Specifically, without limita�ion, this Assignmen�
<br /> secures, in additian ta the amounts specified in the No�e, al! �uture amounts Lende� in i�s discr�tian may foan to
<br /> Grantor,together wi�h a�l interest thereon.
<br /> �'Hi5 AS5IGNII�ENT 1S C�VEN Ta SECURE �'i j PAYMENT �F THE INDEBTE�NESS ANO ��j PERF�RItiJIANCE QF ANY
<br /> AND ALL �BLIGATI�NS QF CRANTaR UNDER THE NQTE, TH15 ASSIGNMENT, AND THIE RELATED D�CUMENTS.
<br /> TH�S ASSIGNIVIENT 1S GIVEN AN�ACCEPTED�N THE F4LL�WING TERI1rIS:
<br /> PAYMENT AND PERF�RMANCE. Except as vfiherw�s� pro�ided in this Assignment or any Related Documents, Grantor
<br /> shall pay to Lender all amounts se�ured by �his Assignment as they become du�, and shalf s�rictly perfvrm a11 of
<br /> Grantor's obliga�ions under this Ass�gnment. Unless and un�E� Lender exercises its righ�t❑ col�ect the Rents as provided
<br /> belaw and so long as ther� is nv defaui� under this Assignmenfi, Grant�r rnay remain in possession and canfirol of and
<br /> aperate and manage the Praperty and callect the Rents,provided that the granting o�the right�o collect the Rents shall
<br /> nvt consti�ute Lender's consent to�he use❑f cash cvllateral in a bankruptcy pr�ceeding.
<br /> GRANT�R'S REPRESENTATIDNS AND WARRANTIES. Grantor warrants�hat:
<br /> �wnership. Grantor is entitled t❑ r��ei�e the Renfis free and clear vf al� rightsr �QaC15, liens, encumbrances, and
<br /> claims except as disc�osed to and accepted by Lender�n vrrri�ing.
<br /> Right#o Assign. Grantor has the full right, power and au�hori�y�o enter intv this Assignment and to assign and
<br /> con�ey the Rents to Lender.
<br /> No Prior Assignmer�t. Grantor has not pre�iausly assigned or con�eyed �he Rents tv any v�h�r person by any
<br /> ins�rumen�now in�v�-ce.
<br /> IVo Further Transfer. Grantar will not self,assign, encumber, �r otherw�se dispose of any of Grantor's rights in the
<br /> Rents exc�pt as prvvided in�his Assignment.
<br /> LENaER`S R[GHT TO REGEIVE AND C�LLECT RENTS. Lender shall ha�e the right at any time, and even though na
<br /> defau��shall ha�e oGcurr�d unde�-this Assignment, to collect and recei�e the Rents. Fvr th�s purp�se, Lender is hereby
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