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<br /> 1dVHEN REGDRDED 1�IAIL TC]:
<br /> First National Bank vf�rr�aha
<br /> Branch#�7'0 -Grand Island Branch
<br /> 8'[� Aller��r
<br /> Grand lsland NIE fi8803 F�R REC�RaER'S U5E ONLY
<br /> ■ �
<br /> ��� � ���� ��
<br /> �` 58�8�429���6�
<br /> AS�IGN�IEIVT �F' RENTS
<br /> THIS AS�IGNIVIENT �F RENTS da�ed April ��, �D1�, is mad� and executed b��►nre�n Gregory L
<br /> �eis and Sand�e S Geis; Husband and Wife �referre� #o bel�w a� '"Grantvr"� and Firs� Na�ional
<br /> Bank of�maha, whose address is S'I� All�n ar, Gr�nd lsland, NE 688�3 �referred to belaw as
<br /> "Lend�r"�.
<br /> ►45S��NMENT. For rraluable ��nsid�ra��on, Gran�o� n�reby �ssigr�s, grants a c�ntinuing secur��y
<br /> interest in, and c�nveys to L�nder all af �ran��r`s ri�h�, t�tle, and int�rest in and to �he R�nts
<br /> fr�m the fall�wing d�scribed Pr�perty i�cat�d �n Hall Cau��y, 5tate vf Nehraska:
<br /> Lvt Ten �'I D}, in Blvck �ne �'I}, in MeW�s First Addit��n to the �i�y of �rand lsland, Hal�
<br /> C�u n�y, N�braska.
<br /> T'he Prvp�r�y or��s address is comm�nly kr�own as 6'1� E. Me�es, Grand lsland, NE C88�'!.
<br /> CR�SS-C�LLATERAL��ATI�N. In addition �v the Note, this Assignment se�ures all vbligations, debts and iiabilities,
<br /> plus interest thereon, of Gran�o��o Lende�, or any one or more ❑f them, as well as al�elaims by Lender agains��ran#ar
<br /> or any one or mare af them, v+rhe�her now existing or herea�t�r arising, whether relat�d ar unreiated to the purpose o�
<br /> th� Nvte, whether voluntary �r o�herwise, whether due or na� due, direct v�- indire�t, determined o�- undetermined,
<br /> absoiute ar cvnting�nt, liquidated ar unliquidated, whether Grantflr may be ��a�le indt�idually or jointly with athers,
<br /> wheth�r ob�iga�ed as guarantor, surety, accammodation party ar o�herwis�, and whe�her recovery upon such amaunts
<br /> may he or herea�ter may b�come barred by any sta�ute o��im�tat�ons, and whether�he vbli�a�ion�o repay such amounts
<br /> may be or he�-�after may hecome otherwise unenfvr�eab�e.
<br /> FUTURE AQVANCES. In additivn to the Nate, this Assignm�nt secures all�uture ad�ances made hy Lender tv G�antvr
<br /> tinrhether or no# �he ad�an�es are made pursuant to a commi�ment. Specificaily, withaut limi�a�ion, this Assignment
<br /> secures, in addi�ion �v the amaunts specified in the Nate, ali future amounts Lende� in its discre�ior� may ioan �o
<br /> Gran�or,�agether with ali interest�hereon.
<br /> THIS ASS�GNMENT �S GNEIV T� SECURE {1 j RAYiVIENT�F THE INDEBTEDNESS AND �2} PERF�RIVIANCE DF ANlf
<br /> AND ALL DBLIGATIDNS DF GRANT�R UMDER THE N4TE, �H15 ASSrGNMENT, AND THE RELATE� D�CUMENTS.
<br /> THIS AS5lGN1VlENT!S G1VEN AND AC�EPTE❑aN THE F�LLa111fING TERMS:
<br /> PAYMENT AND PERFORIIr1ANCE. Except as o#herwise pro�ided in th�s Assi�nment or any Related Documents, Grantor
<br /> shall pay to Lender al! amaunts secured by �his Assignment as they become du�, and shall st�-ictly perform ail af
<br /> Grantor's obfigativns under this Assignment. Unles�and un�i! Lender_�xercises its righ�to cc�l�eGt th� Rents as pro�ided
<br /> b�law and so long as there is no defau�� under�his Assignmenfi, �rantor may remain in p�ssession and contrvf a�and
<br /> aperate and manage the Praperty and collect the Ren�s, pro��d�d that the granting o�F�h�righ�ta collect�he Rents shall
<br /> not cons�itute Lender's consent ta the use o�cash callateral in a bank�up�cy pro�eeding.
<br /> GRANTOR'S REPRESENTATI�NS AND VVARRANTIES, Grantor warrants that:
<br /> Dwnership. Gran�or� is entitfed �o receive#he Ren�s �ree and c�ea�o� alf rights, loans, Ii�ns, encum�rances, and
<br /> claims ex�ep�as discic�sed ta and accepted by Lender in writing.
<br /> Righ�to Assign. Grantor has the full right, power and authority �o enter into this Assignment and�v assign and
<br /> cvnvey the Rents ta Lend�r.
<br /> Nv Pr�or Assignment. Grantar has nat previously assigned ar can�eyed the F�ents to any oth�r persan by �ny
<br /> instrument now in fnrce.
<br /> N� Further Transfer, G�-antor wif I nat sefl, assign, encumber,or otherwise dispose❑f any vf GrantQ�'s righ#s �n the
<br /> Ren�s excep�as pra�ided in this Assignment.
<br /> LENDER"5 R1GHT T� �tECEIVE AND CQLLECT RENTS. Lender shall hav� the right at any time, and even though na
<br /> de�ault shall ha�e oGcurred under#his Assignment, �� cvl)ect and re�ei�e th� Rents. For thFs purpvse, Lender is hereby
<br /> gi�en and gran�ed the�o��owing rights, pvwers and autharity;
<br />
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