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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 <br />to <br />Cr) <br />N <br />N <br />C.7.3 <br />FOR RECORDER'S USE ONLY <br />FIVE POINTS BANK <br />111111111 <br />111111111111 <br />11111111IIIIIIIIIII11111 III <br />*0000000001013146420115* <br />11 <br />111111011 <br />11 <br />N <br />CO <br />C7) <br />03 <br />C J1 <br />Op ("6 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated October 19, 2018, is made and executed between <br />VEL -CO., INC. , whose address is 2137 2ND AVE, BOELUS, NE 68820 (referred to below as <br />"Grantor") and Five Points Bank, whose address is 2009 N. Diers Ave., PO Box 1507, Grand <br />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 />SEE "EXHIBIT A" <br />The Property or its address is commonly known as 2805 N BROADWELL AVE , GRAND <br />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 />