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WHEN RECORDED MAIL TO:
<br />GREAT WESTERN BANK
<br />Grand Island - Webb Rd
<br />700 N Webb Rd
<br />Grand Island. NE 68803
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<br />III
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated June 23, 2016, is made and executed between Powhein,
<br />L.L.C., a Nebraska Limited Liability Company, whose address is 3415 W State St Suite B,
<br />Grand Island, NE 68803 (referred to below as "Grantor ") and GREAT WESTERN BANK, whose
<br />address is 700 N Webb Rd, Grand Island, NE 68803 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security
<br />interest in, and conveys to Lender all of Grantors right, title, and interest in and to the Rents
<br />from the following described Property located in Hall County, State of Nebraska:
<br />Part of Fractional Lots One (1) and Two (2), in Fractional Block Two (2), H.G. Clarks
<br />Addition to the City of Grand Island, Hall County, Nebraska more particuarly described as
<br />follows, to -wit: Beginning at the Southeasterly corner of Fractional Lot One (1), in said
<br />Block, running thence in a Northerly direction parallel with the Easterly boundary line of said
<br />Lot a distance of Sixty -Six (66) Feet, thence in a Westerly direction parallel with the
<br />Northerly Boundary line of said Lot a distance of Seventy Seven (77) Feet, thence in a
<br />Southerly direction a distance of Sixty Six (66) Feet to the alley of said Block, thence in an
<br />Easterly direction a distance of Seventy Seven (77) Feet to the place of beginning, being a
<br />rectanguar tract of ground having an Easterly front of Sixty Six (66) Feet on Eddy Street in
<br />said City and a depth of Seventy Seven (77) Feet.
<br />The Property or its address is commonly known as 1014 N Eddy Street, Grand Island, NE
<br />68801. The Property tax identification number is 400 029 782.
<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 />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and
<br />claims except as disclosed to and accepted by Lender in writing.
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and
<br />convey the Rents to Lender.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br />instrument now in force.
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the
<br />Rents except as provided in this Assignment.
<br />LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no
<br />default shall have occurred under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby
<br />given and granted the following rights, powers and authority:
<br />Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this
<br />Assignment and directing all Rents to be paid directly to Lender or Lenders agent.
<br />Enter the Property. Lender may enter upon and take possession of the Property; demand, collect and receive from
<br />the tenants or from any other persons liable therefor, all of the Rents; institute and carry on all legal proceedings
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