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<br /> WHEN RE��R�ED MA1L T�:
<br /> Fi�st Na�iona!�ank of�maha
<br /> Bran�h#O70 -Grand Island Branch
<br /> 8'I� Ailen Dr
<br /> Grand�s�and NE G 8 S D 3 FaR REG�RDER`5�SE�N LY
<br /> ■ �
<br /> �r� a ��r�� �r�
<br /> � �$�8��z�z����
<br /> ASS��N M ENT �F RENTS
<br /> TH15 AS5IGNMENT �F RENTS dated Augus� 2�, ��'I fi, is made and executed betweea�
<br /> Greg�ry L t�eis, wh�s� addr��s is 22U3 N L�f�yette, Crand Island, NE �88�3 and 5andie �
<br /> Geis, whose address ss �2�� �V 1_afa}�ette, G�a�d �s4and, NE �88Q3; H�s�and and Wif�
<br /> �referr�d ta bel�w as '"Gra�tor"} and First Na�iana� Bank af�maha, vrrhose a�fdress �s 8'IU A��e�
<br /> Dr, Grand lslar�d, NE �88D3 �referred ta belov� �s "Lender"�.
<br /> ASSIGNMENT. For valuable cvnsideratian, Grantor he�ehy assigns, grants a c�ntinu�ng s�curity
<br /> in�eres� �n, and c�nveys to Lende�r a�� �f �rant�r's righ�, ti�tl�, an� in#erest in and to the R�n��
<br /> from �h� fv�lowing described Prop�r�y Iocat�d in Hall �ounty, S�at� af Nehraska;
<br /> The North Fifky Seven t�7} Feet of Lo� T�n �'I�}, B1oGk S�x �fi�, Bann�e Brae Addition to th�
<br /> City of Grand Island, Hall C�unty, �lebraska.
<br /> The Property ar i�s address �s commanly knvwn as 4'1� IV Adams 5tre�t, �rand lsland, NE
<br /> s��a�.
<br /> FUTLJRE AaVANCES. In addition ta �he N�te, this Assignm�nt secu�es all future ad�ances made by Lender t� Gran�ar
<br /> wh��her or not th� ad�an�es are made pursuant to a commitment. 5pecificaliy, withou� limita�ion, this Assignment
<br /> secures, in addition ta �he amoun�s specified in the Not�, afl fiuture amvunts Lender in �ts disG�-etian may loan to
<br /> Grantor,together with al#�nterest thereon.
<br /> TH15 ASSI�NMENT 15 G1'1�EM T�3 SECURE {1 j PAYMEfVT�3F THE 1NDEBTEDNE55 AND ��} PERF�R�1flANCE�F AN'Y
<br /> AND ALL D6LIGAT��NS DF �RANT�R UNDEF� THE NDTE, THIS ASSIGN1111ENT, AND THE RELATED ❑DCUMENTS.
<br /> THl15 A5SIGNIVfENT IS GIVEN AND AGCEpTE❑�N THE FaLLC]'VV'�NG TERMS:
<br /> PAYMENT AND PERF�RMANCE. Excep�as❑th�rwise provided in this Assignmen�or any Re[ated Dacuments, �rantor
<br /> shall pay to Lender al! amvunt$ s��ured by this Assignmen� as they beco�ne �iue, and �ha�� st��et�y perf�rm all af
<br /> Grantvr's obligations under�his Ass�gnment. �Jnl�ss and un�i! L�nder exerGises its right t❑ collect the Rents as pro�ided
<br /> belvw and so long as there is no de�Fau�� under�his Rssignmen�, Grantvr may remain �n passessian and contro� o�and
<br /> operate and manage the Prflperty and cQllect the Ren�s, p��vided that the granting❑��he righfi tv callect the Rents shall
<br /> not constitute Lender's consent tv the use o�cash calla�eral in a bankrup�cy proc�eding.
<br /> GRANTC3R'S REPRESENTAT[UNS AND V1rARRANTIES, Granfior warrants that: �
<br /> �wnership. G�antvr is entitled t❑ recei�e the Rents free and �I�ar o�a�l rights, laans, liens, encumbrances, and
<br /> c�a�ms excep�as disGlosed t❑ and ac�epted by Lender in w�iting.
<br /> Right to Assign. Gran�v�r has the full right, power and authority t❑ enter into this Assignment and tv assign and
<br /> canvey the Ren#s to L�nder.
<br /> Na Rrio� Assignment. Grant�r has not pre�iously assi�ned ar con�eyed the Rents fo any other persQn by any �
<br /> instrument nvw in f�rce.
<br /> Nv Further Transfer, Granfc�r will nat sell, assign, encumber,or�therwise dispose of any of Grantor's rights in th�
<br /> Rents excep�as p�avided in th�s Assignmenf.
<br /> LENDER'S R1GHT �'fl RECEi11E A�ID C�LLEGT REN�S. Lender sha�� �ave the rig�'� at any �ime, and even �hvugh no
<br /> default shalf ha�e occurred under�his Assignment, �o co[Iec�and rec�i�e the Rents. For�his pu�-pose, Lender is hereby
<br /> giWen and granted the fo��owing rights, powers and authori�y:
<br /> Notice ta Tenants. Lender may �end notf�es fo any and all tenants of the Property ad�ising them of this
<br /> Assignmen�and directing all Rents to be paid directly to Lender or Lender's agent.
<br /> Enter�he Prvperty. Lender may�nfer upon and take possession of th� Prop�rfy; demand, co�lect and receiWe�rom
<br /> the tenants ar from any other persnns liable there�oF, a�l ���he Rents; institute and carry on all legal proceedings
<br /> necessary �or �he prntect�on o� the Propert�, including such proceed�ngs as may be necessary ta r�ca�er
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