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WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Attn: Diers
<br />PO Box 1507
<br />Grand Island, NE 68802-1507 FOR RECORDER'S USE ONLY
<br />FivE PotNTs BANK
<br />*0000000001013039590115
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated July 7, 2017, is made and executed between SHANE M
<br />MUHLBACH; A Single Person (referred to below as "Grantor"') and Five Points Bank, whose
<br />address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below as
<br />"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 />SEE ATTACHED EXHIBIT "All
<br />The Property or its address is commonly known as 2805 N BROADWELL AVE, 1617 N ELM,
<br />1615 N ELM, GRAND ISLAND, NE 68803.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor
<br />whether Or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />Grantor, together with all interest thereon.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall
<br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Attn: Diers
<br />PO Box 1507
<br />Grand Island, NE 68802-1507 FOR RECORDER'S USE ONLY
<br />FivE PotNTs BANK
<br />*0000000001013039590115
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated July 7, 2017, is made and executed between SHANE M
<br />MUHLBACH; A Single Person (referred to below as "Grantor"') and Five Points Bank, whose
<br />address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below as
<br />"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 />SEE ATTACHED EXHIBIT "All
<br />The Property or its address is commonly known as 2805 N BROADWELL AVE, 1617 N ELM,
<br />1615 N ELM, GRAND ISLAND, NE 68803.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor
<br />whether Or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to
<br />Grantor, together with all interest thereon.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of
<br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall
<br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />
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