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WHEN RECORDED MAIL TO:
<br />First National Bank of Omaha
<br />Branch #070 - Grand Island Branch
<br />810 Allen Dr
<br />Grand Island, NE 68803
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<br />0 First National Bank
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<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated May 15, 2018, is made and executed between M&R
<br />DEVELOPMENT, LLC, whose address is 638 N Webb Road Suite 1, Grand Island, NE 68803
<br />(referred to below as "Grantor ") and First National Bank of Omaha, whose address is 810 Allen
<br />Dr, 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 />Part of the Northeast Quarter of the Southeast Quarter (NE1 /4SE1/4) of Section Thirteen
<br />(13), in Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County,
<br />Nebraska more particularly described as follows, viz: Commencing at the Northeast corner
<br />of the Northeast Quarter of the Southeast Quarter of said Section, running thence South
<br />along the East line of said Section for a distance of 148.5 feet, running thence West at right
<br />angles for a distance of 290.0 feet, running thence North at right angles, for a distance of
<br />152.0 feet to the North line of said Southeast Quarter of said Section, and running thence
<br />East along the North line of said Southeast Quarter for a distance of 290.0 feet to the
<br />place of beginning, all in Hall County, Nebraska, EXCEPTING a certain tract more
<br />particularly described in Warranty Deed recorded as Document No. 94- 108121.
<br />The Property or its address is commonly known as 638 N Webb Road, Grand Island, NE
<br />68803.
<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 />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED
<br />DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti - deficiency"
<br />law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for
<br />deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement
<br />or completion of any foreclosure action, either judicially or by exercise of a power of sale.
<br />BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender
<br />takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about
<br />the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including
<br />without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the
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