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<br /> '�11lHEN REG4RDED MAIL TC]:
<br /> Access Ban k
<br /> 87'I2 Wesf❑odge Rvad
<br /> Dmaha NE �87'�4 F�R REC�RDER'S USE �NLY
<br /> �
<br /> �■ �f1
<br /> ASSIGN�ENT �F RENTS
<br /> ,
<br /> THIS ASSIGNMENT �F RENTS da�ed August �3, 2�'I 6, is made and execu�ed between TS'I�
<br /> PHASE Il LLC, A NE�RASKA LIMITED LIAB�LiTY CC]�PANY {referred ta below as "Grantor"�
<br /> and Access Bank, whase address �s 87'i� 1Nes# Dodge Rvad, �maha, NE �8'i'�4 �referred to
<br /> bel�w as "Lender"}.
<br /> ASSI�NMENT. For �aluable considera�ion, Gran�or here�y assigns, grants a �ontinuing security
<br /> in�eres� in, and can�eys tv Lender all of �rantor's right, title, and in�er�st in and #� the Ren�s
<br /> fram �he fo���wing described Property I�ca#ed in HALL County, 5ta�e vf Nebraska;
<br /> LOT '1, STERLING ESTATES �TH SUBDIV�SIDN� AN ADI]IT[�N T� THE C�TY �F �RAND
<br /> ISLAND, AS SURVEYED, PLATTED AND RE��RDEC� !N HALL C�UNTY, NEBRASKA
<br /> The Property or i�s address is commonly knawn as 37�3 V!1 CAPITAL AVE, GRAND ISLAND,
<br /> NE �SSa3. The Praperty tax iden�if�cation number �s 4D�'i 499�D.
<br /> CR�SS-CDLLATERALfZATiaN. In addifion ta the Note, this Assignment secures a�l obliga�ions, debts and iiabili��es,
<br /> plus interest thereon, of�rantor to Lender, or any ane or more of them, as wel� as all c�aims by Lender agains#Grantor
<br /> �r any one or more of them, whether now exis�ing or hereafter a�-ising, whe#her rela�ed or unre)ated to �he purpose of
<br /> the Note, whe�her voluntary or otherwise, whether due or not due, direc� or indirect, determined or undetermined,
<br /> abso[ute or con�ingent, liquidated or unliquida�ed, whether �ranfor may be liable ind[vidually or joint�y wi�h o�hers,
<br /> whe�her obiiga�ed as guarantar, surety, accommodation party ar othet-wise, and whether reco�ery upon such amounts
<br /> may be or hereafter may heCflme barred by any sta�ute of(irnitat�ons, and whether the abliga#ion to repay such amounts
<br /> may be or hereafter may become atherwise unenforceable.
<br /> THIS AS5I�NMENT IS GIVEN TQ SECURE �1} PAYMENT�F THE INDEBTEDNESS AND ��} PERF�RIVfANCE �F ANY
<br /> AND ALL �BL[GATl�NS �F GRANT�R UN�ER THE NDTE, TH15 A551GNMENT, AND THE RELATED D�CLfMENTS,
<br /> THIS ASSIGNMENT IS CIVEN AND ACCEPTE❑ON THE F4LL�WlN�TERMS:
<br /> PAYMENT AN❑ PERFDRMANCE. Except as atherwise prflvided in this Assi�nmert�or any Re�ated Documents, Grantor
<br /> sha[I pay to Lender all amoun�s se�ured by �h�s Assignment as they become due, and shal� strictly perfvrm al� a�
<br /> Gran�or`s ob�iga#ions under this Assignmen�. �nless and unti( Lender exercises its righ��o colleGt the Rents as pro�ided
<br /> below and sa long as there is no default under this Assignment, Grantor may remain in possess�on and control of and
<br /> apera#e and manage the Proper�y and col(ec�the Rents, prouided tha�the grant�ng of the righ�#o col�ect the Rents shal�
<br /> not c�nst�tu�e Lender's consent to the use vfi cash�ollateral in a bank�-upt�y pro�eeding.
<br /> GRANT�R'S REPRESENTATI�NS AND 1NARRANTIES. Grantor warrants that:
<br /> awnership. Grantor is enti�led to recei�e the Ren�s free and clear of al� �igh�s, �oans, liens, encumbranCes, and
<br /> � E� µ'���
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