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<br />• WHEN RECORDED MAIL TO:
<br />•
<br />Five Points Bank
<br />North Branch
<br />2015 North Broadwell
<br />Grand Island, NE 68803
<br />f.
<br />FIvE POINTS BANK
<br />IIIIIIIIOhI IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII f11IIiIIIIIIIIIIIlllf1111111
<br />*0000000001012999570115*
<br />ASSIGNMENT OF RENTS
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<br />FOR RECORDER'S USE ONLY f (,)
<br />THIS ASSIGNMENT OF RENTS dated November 2, 2016, is made and executed between J & B
<br />RENTALS LLC; A NEBRASKA LIMITED LIABILITY COMPANY (referred to below as "Grantor ")
<br />and Five Points Bank, whose address is 2015 North Broadwell, Grand Island, NE 68803
<br />(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 Grantor's right, title, and interest in and to the Rents
<br />from the following described Property located in HALL County, State of Nebraska:
<br />LOT SIX (6), EXCEPT THE NORTHERLY SIXTY (60) FEET THEREOF AND ALL OF LOT FIVE
<br />(5), BLOCK SEVEN (7), SOUTH GRAND ISLAND, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />The Property or its address is commonly known as 821 S PINE, GRAND ISLAND, NE 68801.
<br />CROSS - COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of either Grantor or Borrower to Lender, or any one or more of them, as well as all claims by
<br />Lender against Borrower and Grantor or any one or more of them, whether now existing or hereafter arising, whether
<br />related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or
<br />indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Borrower or Grantor
<br />may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or
<br />otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of
<br />limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise
<br />unenforceable.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Borrower
<br />or Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this
<br />Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may
<br />loan to Borrower or Grantor, together with all interest thereon.
<br />
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