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<br /> WHEN REC�RDED MAIL T�:
<br /> Exchange Bank
<br /> GI-Allen Dri�e Branch
<br /> "12Q4 Allen Dr
<br /> P�Box 5793
<br /> _____Grand Island. NE G88Q2 F�R RECDRDER'S USE�NLY
<br /> •�•�� � ��i i n�...��.� n�nn��..�� ir.r�r�r..��.m. i��r.r.�n�.
<br /> ASS�GNMENT �F RENTS
<br /> THIS ASS�GNMENT �F RENTS dated April "I, ��'I�, is made and executed between RAYM�ND
<br /> J D'CC]NN�R, nat personal�y but as Trustee on behalf of RAYM�ND J. D'C�NN�R
<br /> REV�CABLE LIV�NC TRUST: and JENNIFER S. �'C�NNQR, not persana�ly but as Trustee on
<br /> behalf of JENNIFER S. �'C�NN�R REV�CABLE LIVING TRUST �referred to below as "Grantor"j
<br /> and Exchange Bank, whose address is 12D4 Allen Dr, P❑ Box 57�3, �rand Island, NE �88��
<br /> t referred to be�aw as "Lender"�.
<br /> ASSIGNMENT. For �aluable consideration, �rant�r herehy ass�gns, grants a continuing security
<br /> interest in, and con�eys ta Lender all �f Grantor's right, title, and interest in and to the Rents
<br /> fram the fot[awin� des�r�bed Property �ocated in Hall �ounty. State of Nebraska;
<br /> 5ee Exh�bit "A", which is attached to this Assignment and made a part af this Assignment
<br /> as if fully set forth herein.
<br /> The Praperty or �ts address is cvmmanly knawn as 22D8 N Vllel�b Rd, Grand Island. NE
<br /> C88�'I. The Praperty tax identificatior� number is 4��29289�; 4D�29342�.
<br /> CR�SS-CQLLATERALIZATI�N. In addit+on to the Note, this Assignment secures ali vhligatians, debts and liabilities,
<br /> plus interest thereon, of Grantor to Lender, or any�ne vr more of them, as well as all claims by Lender against Grantor
<br /> or any ❑ne or more of them, whether now existing or hereafter ar�sing, whether related or unrelated ta the purpose of
<br /> the Nate, whether �vluntary or vtherwise, whether due ❑r not due, direct or indirect, determined ar undetermined,
<br /> absolute or contingent, liquidated or unliquidated. whether Grantor may �e liable indi�idually or jointly with athers.
<br /> whether vbligated as gua�antvr, surety, accvmmodatian party ar otherwise, and whether reco�ery upon such amounts
<br /> may be or hereafter may become barred hy any statute of limitations, and whether the obligatifln to repay su�h amounts
<br /> may be or hereafter may becvme otherwise unenfor�eable.
<br /> FUTURE ADVANCES. in additian t�the Note, this Assignment secures all future ad�ances mad� by Lender to Grantor
<br /> whether or not the ad►►ances are made pursuant to a commitment. 5peci#ically, withvut iimitati�n, this Assignment
<br /> secures. in additian to the amounts spe�ified in th� Note, all future amounts Lender in its discretion may laan to
<br /> Grantar, tvgether with ail interest thereon.
<br /> THIS A551GNMENT IS GlVEN TC) SECURE �'I� PAYMENT OF THE INDEBTEDNESS AND �2f PERF�RNlANCE �F ANY
<br /> AND ALL �BLIGATI�NS ❑F GRANT�R UNDER THE NQTE, THIS ASSIGNMENT, AND THE RELATED DDCUMENTS.
<br /> THIS ASSIGNMENT IS GIVEN AND ACCEPTE��N THE F�LL�W�IVG TERMS:
<br /> PAYNlENT AND PEf�F�RMANCE. Exc�pt as oth�rwise pro�ided in this Assignment or any Related Do�uments. Grantvr
<br /> shall pay to Lender a!I amounts secured by this Assignment as they become due, and sha�� strictly perform all of
<br /> Grantor's vbligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as pro�ided
<br /> below and so lang as there is no d�fault under this Assignment, Grantvr may remain in possessivn and contro! of and
<br /> �perate and manage th� Praperty and coliect the Rents, prv�id�d that the granting of the right t� c�llect the Rents shall
<br /> not canstitute Lender's consent to the use of cash callateral in a bankrup�cy proceeding.
<br /> GRANTDR'S REPRESENTATI�NS AND WARRANTlES. Grantvr warrants that:
<br /> �wnership. Grantor is entitled to recei�e the Rents free and cfear af alf rights, laans, liens. encumbrances, and
<br /> claims except as disclvsed ta and accepted by L�nder in writing.
<br /> Right ta Assign. Grantor has the fu�� right, pvwer and authority tv enter into this Assignment and to assign and
<br /> cnn�ey the Rents to Lender.
<br /> No Prior Assignmen#. G rantor has not pre�ivusly assigned or ��n�eyed th� Rents to any other person hy any
<br /> instrument now in fvrce.
<br /> Na Further Transfer. Grantor will not se�l, assign, encumbsr, or�therwise dispase of any o�f Grantor's rights in the
<br /> Rents excep�as pra�ided in this Assignment.
<br /> LENDER'S RIGHT TU RECEIVE AND C�LLECT RENTS. Lender shall ha�e th� right at any time, and e�en though no
<br /> defau�t shall ha�e occurred under this Assignm�nt. to calle�t and recei�e the Rents. Fvr this purpose, Lender is herehy
<br /> gi�en and granted the#v!lowing rights, powers and authvrity:
<br /> Notice to Tenants. Lender may send notices tv any and all tenants of the Property ad�ising them of #his
<br /> Assignment and directing all R�nts t�be paid directly to Lender or Lend�r's agent.
<br /> Enter�he Property. Lender may enter up�n and take possession of the Prop�rty; demand, cvllect and �ecei��from
<br /> the tenants vr fram any other persvns liable therefor, all of the Rents; institute and carry on ali legal proceedings
<br /> necessary fvr the prote�tion vf the Prvperty, includ�ng such proceedings as may be n�cessary to �eco�er
<br />
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