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1 <br />n <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Eddy Branch <br />518 N Eddy St. <br />PO Box 1507 <br />Grand Island, NE 68802 <br />110 <br />CO <br />CJ <br />FIVE POINTS BANK <br />IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII VIII luu VIII II II NIII NIII VIII VIII IIIN IIIII VIII VIII IIN Ili <br />*0000000001013121490115* <br />ASSIGNMENT OF RENTS <br />FOR RECORDER'S USE ONLY <br />THIS ASSIGNMENT OF RENTS dated March 28, 2018, is made and executed between EBC <br />OBERMILLER, LLC (referred to below as "Grantor ") and Five Points Bank, whose address is 518 <br />N Eddy St., PO Box 1507, Grand Island, NE 68802 (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 />THE NORTH FIFTY SEVEN (57) FEET OF LOT FIVE (5) IN BLOCK ONE HUNDRED SIXTEEN <br />(116), KOENIG AND WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 115 S CLARK ST , GRAND ISLAND , NE <br />68801. <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 />