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WHEN RECORDED MAIL TO: <br />GREAT WESTERN BANK <br />Grand Island - Webb Rd <br />700 N Webb Rd <br />Grand Island. NE 68803 <br />9 <br />i <br />i <br />i <br />i <br />i <br />i <br />11 <br />i <br />0 <br />i <br />H 11 <br />rn n <br />C c 2 <br />c <br />n z <br />rnD <br />n N •• <br />r= <br />11 <br />FOR RECORDERS USE ONLY <br />i <br />i <br />i <br />II <br />W Cr) <br />f <br />11 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated March 30, 2018, is made and executed between Roebuck <br />Enterprises, LLC, a Nebraska Limited Liability Company, whose address is 3610 W Old Hwy 30, <br />Grand Island, NE 68803 (referred to below as "Grantor ") and GREAT WESTERN BANK, whose <br />address is 700 N Webb Rd, Grand Island, NE 68803 (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 Four (4), Block Three (3), in College Addition to West Lawn In the City of Grand Island, <br />Hall County, Nebraska <br />The Property or its address is commonly known as 2429 N Park Avenue, Grand Island, NE <br />68803 -2133. <br />CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, <br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor <br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of <br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, <br />absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others, <br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts <br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts <br />may be or hereafter may become otherwise unenforceable. <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 />GRANTORS REPRESENTATIONS AND WARRANTIES. Grantor warrants that: <br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and <br />claims except as disclosed to and accepted by Lender in writing. <br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and <br />convey the Rents to Lender. <br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any <br />® instrument now in force. <br />H Vra No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the <br />Rents except as provided in this Assignment. <br />LENDERS RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no <br />default shall have occurred under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby <br />given and granted the following rights, powers and authority: <br />d �1 Notice to Tenants. Lender may send notices to any and all tenants of the Property advising them of this <br />0 Assignment and directing all Rents to be paid directly to Lender or Lender's agent. <br />N'1 Enter the Property. Lender may enter upon and take possession of the Property; demand, collect and receive from <br />61i the tenants or from any other persons liable therefor, all of the Rents; institute and carry on all legal proceedings <br />necessary for the protection of the Property, including such proceedings as may be necessary to recover <br />vC <br />possession of the Property; collect the Rents and remove any tenant or tenants or other persons from the Property. <br />C) <br />H <br />