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<br /> 1NHEN R�C�RDED MAtL TC]:
<br /> First Nativnal Bank of Dmaha
<br /> Branch#D T 0 -Grand Island Branch
<br /> 8'I� Allen Dr
<br /> Grand Island NE fi 8 8 n 3 FDR RECDRDER'S USE�N LY
<br /> ■ .
<br /> �rs a ��n� an
<br /> �` 58481�20��16*
<br /> AS51GN IVI ENT �F RENTS
<br /> TH15 AS�IGNMENT �F RENTS dated ��tob�r 2�, �Q't 6, is made and ex�cwted bet►n►�g� �i&.!
<br /> Propertie�, LLC; a Nebraska Limited L�abiiity Cvmpany whose address is 4'15 VII Lvwry Rd,
<br /> Doniphan, NE C8832 4referred tQ be�ow as "�rantor"� and First Nativnal Bank �f �maha,
<br /> whnse address is 81� A11en Dr, Grand Is�and, NE 588�3 �ref+�rre� t� bel�w as "L�nder"�.
<br /> ASS�GNMENT. For �alua�[e c�nsidera#�on, Gran#or here�y assigns, grants a cantinuing security
<br /> interest in, and can�eys tv Lender al� af Crantor's right, title, and interest in and to the RQnts
<br /> from �he follawing described Proper#y �ocated in Hall County, State of Nebraska:
<br /> The Nartherly Sixty-5ix Feet �N�C'} af Lot Four �4}, Blo�k Nine t9�, Vlf�ebe's Additi�n to the
<br /> City of Grand Isfand, Hal# Coun�y, Nebraska
<br /> The Property or its addr�ss is cvmmvnly known as ��5 S �leburn Street, Gran� Istand, NE
<br /> 688�3. 1"he Property tax identificativn number is 4��'I 391��.
<br /> CR�SS-CQLLATERALlZATI�N. In addition to the Note, this Assignment secures a!I obligations, debts and IEabtlities,
<br /> plus interest therson, vfi e�#her Grantvr vr �orrower to Lender, or any vne or more o� them, as wel! as ali claims by
<br /> Lender against Sorrower and Grantor or any one vr mo�e of them, whether naw existing or hereafter arising, whether
<br /> related or unrelated to the purpose of the Note, whe�her �oluntary or otherwise, whether due or not due, direct or
<br /> indirect, determined or unde#ermined, absolute or �ontFnger�t, fiquidated or unliquidated, wheths� Borrvvrrer or �rantor
<br /> may be liahie individually or �vintly with others, wheiher vbligated as guarantor, surety, accommodatian party ar
<br /> o#herwise, and whether recov�ry upan such amounts may be or hereafter may be�ame barred by any statute af
<br /> limitat�ons, and wheth�r the ob�igativn to repay such amounts may be or herea�ter may become vther�wise
<br /> un�nforc�able.
<br /> FLJTURE ADVANCES. In ad�itian to the �lvte,this Asssgnm�nt secures all fu�ur�adr�ances made by Lender to Borrower
<br /> or Grantor whether vr not the ad�ances are made pursuant to a commitment. Spe�ifica�ly, withvut fimitation, this
<br /> Assignment secures, in addition to the amounts spe�ifed in the Note, all future amounts Lender�n its discretion may
<br /> �oan tv Borrower or Grantor,together w�th afl interest thereon.
<br /> THIS ASSIGNMENT lS GIVEN T� SECURE t1j PAYiIIIENT�F THE iN�EBTEDNESS AND t2j PERF�RIIAANCE�F ANY
<br /> AND ALL�6LIGATf�NS DF BaRRQWER AND GRANTDR UNDER THE N�TE,THIS ASSIGNMENT,AND THE RELATEa
<br /> D�CUMENTS. THIS ASSICNIIAENT fS GIVEN AND ACGEPTED�[d THE FDLL�INING TERMS:
<br /> GRANT�R'S WAIVERS. Grantor wai�es al! rights ar defenses arising by reason of any"ane action"or"anti-defciency"
<br /> law, or any vther law which may pre�ent Lender fr�m bringing any action against Grantor, inciuding a claim for
<br /> defcien�y to the extent Lender is othe�-wise en�itled to a claim far defiCiency, befare ar after Lender's cammencement
<br /> ar comp�etion vf any fareclosure activn,either judicially or by exer�ise of a pawer of sale.
<br /> B�RRflVIIER'S WAIVERS AND RESP�NS�BILITIES. Lender need not te�l Borrower ahout any a�tion or inactian Lender
<br /> takes in conr�ectian v�e ith this Assignment. Borrower assumes the responsibEli�y fior being and keeping informed about
<br /> #he Prvperty. Bvrrower wai��s any dei�nses that may a�is� because of any action or inaction of Lender, includ�ng
<br /> without limitation any fai�u�e of Lender to realize upon the Property, vr any delay by Lender in realizing upon the
<br /> Property. Barrvwer agrees to remain liab�e under�the Nate with Lender no matter what ac#ivn Lender takes or faiEs t❑
<br /> take under this Assignment.
<br /> PAYMENT AND PERFDRMANCE. Ex�ept as otherwise pra�ided in this Assignment or any Re�ated aocuments, �rantor
<br /> shall pay ta Lender all am�unts secured by this Assignment as they become due, and sha�l strict�y perform aif of
<br /> Grantar's obligations under this Assignment. Unless and until L�nder exercises its right t❑ cvlle�t the Rents as pro�ide�
<br /> below and so Ivng as there is no default under this Assignment, Grantor may remain in possession and cvntrol of and
<br /> operate and manage the Property and collect the Rents,proWi�ed that the granting vf the right to collect the Rents shall
<br /> not cons�itute Lender's consent to the use of cash colfateral in a bankrup#�y praceeding.
<br /> GRANT�R'S REPRESENTATIONS AND V11AR�tANTIES. Gran#ar warrants that:
<br />
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