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<br /> WHEiV REC�RUE�] i1�lA1L T�:
<br /> IVEBRASi4A BAN� �F C�MIVIER�E
<br /> �UD4 Village Driv� ,�.
<br /> Lincaln, NE CS5"�� , , ��� �� � � � , F�R RECaRQER'S U5E�NLY
<br /> ASSIGNIIliENT �F RENTS
<br /> THIS ASSI�NIIIIENT �F REiVTS dat�d Apri� '14, �(�'17, is ma�l� and executed b�t►ween 9D'I
<br /> Argyle Partnership; an Illinais general partnership �referred to be�aw as "�rantor""y and Nebraska
<br /> Bank of Cvmmer��, whose address is �000 Village Drive, Suite '1��. Lincoin, NE �85'I�v
<br /> �referred ta belaw a� "Lender"�.
<br /> ASSIGIVMENT. For �afuable consideratian, Grantor here�y assigns. grants a continuing se�urity
<br /> interest in, and conrreys to Lender afl of �rantor's right, tit�e, and interest in and to the Rents
<br /> from th� fnll�wing des�ribed Property IQ�ated in Hall Cvunty. Stat� Qf 1Vebraska:
<br /> Par�el '1: Lat T►nrentr�-Three {�3}. IUleadawlar[� W��t Third Subdi��si�n, �ity of Grand lsland,
<br /> Hall County, N�braska.
<br /> Par�el �: A perpetu�l non-ex�lusirr� easement f�r the purpase af �ehicular ingress and
<br /> egress �enefiting Rarcel 7 r in, Qver �nd thraugh a parti�n af Lat Tw�nty-Tw� ���},
<br /> IUiead�vulark W�st Third Subdivisivn contain in F���iprocal Easement Agreement dated
<br /> ����� �� .._. ��'I 7: rec�rded ������ � � - . �0"I 7 a� l�st. IVo. ���� ����"� :
<br /> records of Hal� �ounty, Nehra�ka.
<br /> The Property �r its address is commonly I�nown as 'I�3� Allen �r��e , Grand Island, NE
<br /> �5���. The �r�perty tax iden#ificati�n numbsr is ���3J���7.
<br /> CR�SS-C�LLATERALiZATI�N. In additian ta the IV�te, �his Assignment secures a!I ahligat�ons, debts and �iabi�iti�s,
<br /> plus interest therean, �f Grantnr f� Lender, �r any ane ar mare af them, as wefl as a!I claEms by Len�er against Grantor
<br /> �r any ❑ne �r mvre of them, whether now existing or hereafit�r arising, v�rhether re�a�ed or unrelated ta th� purpase ❑f
<br /> the IV�te, whether �oluntary o� otherwise, whe�her du� �r no� due, direct or indirect, determ�ned or undet�rmined,
<br /> absalute or cvntingent, �iquidated ar unliquidated, whe�her �rantor may b� liable in�livic�ually ❑r jvintly with ath�rs,
<br /> wh�ther ❑bliga�ke� as guarant�r, sur�ty, acGomm�dation party or �th�rwise, and ►rvheth�r recoWery upon su�h amounts
<br /> may be o�hereafter may become barred by any statu��❑f limitations, and whether the❑biigation ta repay su�h amaunts
<br /> may be ❑r her�af�er ma� became atherwis� unenfarceable.
<br /> FUTURE ADVAN�E�. In additi�n �o �rhe Note, this Assignm�nt seGures all future ad�ances made by Lender to Grant�r
<br /> whether or not the advances ar� made pursuant to a commitment. 5pecifical[y, with�ut limitat�on, this Assignrnent
<br /> secures, in additian t� the amounts s�e�if�ed �n the Note, a!I future amvunts Lender in i�s discretian may I�an ta
<br /> Gran��r, together with all interest tf�erean.
<br /> TH1S ASSIGNMENT �S �IVEN T� SECURE �'�] PAI�IVlE1VT �F THE 11VDEBTEDiVESS AIVQ {�} �ERF�RMANGE OF ANY
<br /> AND ALL ❑6L1GATfQIVS �F �R►4NT�R UNDER THE N�]T�, THlS A�SIGNMENT, AND THE F�ELATEQ D��U[VIENTS,
<br /> THIS ASS1CNiViE1VT IS GIVEN Ahla A��ERTED�N THE F�LL�INING TERMS:
<br /> PAYMEIVT AND PERFt3RMANCE, Except as otherwis� pravided in this Assignment or any Related ❑ocuments, Grantor
<br /> shalf pay ta Lender all amaunts secured b� this Assignment as they become due, and shall strictly perfarm ali of
<br /> Grantor's �bligatians under this Assignment. Unl�ss and until Lender exercises its right�t� �olle�t the Rents as proWided
<br /> below and �o lang as �h�re is no de�ault under this �ssignment, Grantor may remain in �ossession an� contral of and
<br /> opera�e and manage the Pro��rty and collect the �ents, proWided that the �ranting af the right t❑ colle�t the Rent� shall
<br /> not canstitute Lender's con�ent to the use vf cash �ollateral in a bankruptcy pro�eeding.
<br /> GRANT�R'S REPRESENT►4T1�1V5 AND WARRA111TIE�. �ran��r warrants that:
<br /> Orrvn�rship. Grantar is �ntifil��l to receive the Rents �r�� and clea� of all rightsr �aans� liens, encumbran�esf and
<br /> claims excep#as disclos�d to and accep�ed by Lender in writing.
<br /> Right tQ Assign. �rantor has �he fu11 ri�ht, power and authvrity to ent�r �n�� this Assignment and to assign and
<br /> con�ey the Ren#s ta Lender.
<br /> No Priar Assignm�nt. Crantar has no� previausly assigned or conWeyed the Rents to any other pe�san fay any
<br /> instrument now in farce:
<br /> No Furfher Transfer. Grant�r wi11 not sell, ass�gn, �ncumber, or othe�wise dispose af any of Grant�r's rights En the
<br /> Rents e�€ce�t as prvvided in this Assignment.
<br /> LENDER'S RIGHT T� RE�EiVE AND ��LLECT RENTS. Lender �h�l[ ha�e the right at any time, and �Wen th�ugh na
<br /> default shall hawe o��urred under this Assignment, #o �ollect and receive the Rents. For th�s purpose, Lend�r is hereby
<br /> giWen and granted the fallovvin� rights, p�wers and authority:
<br /> Notice t� Tenants. Lender may send nvtices tn any and all tenants ❑f the Prop�rty ad�ising them af th�s
<br /> A�signment and directing all Ren�s�a be paid directly t� Lender or Lender's agent.
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