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WHEN RECORDED MAIL TO:
<br />Equitable Bank
<br />North Locust Branch
<br />113 N Locust St
<br />PO Box 160
<br />Grand Island, NE 68802-0160
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<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated January 3, 2019, is made and executed between HEINZ
<br />O LAMBRACHT, whose address is 1616 N GRAND ISLAND AVE, GRAND ISLAND, NE 68803
<br />and LINDA M GOODRICH, whose address is 1616 GRAND ISLAND AVE, GRAND ISLAND, NE
<br />68803; single individuals (referred to below as "Grantor") and Equitable Bank, whose address is
<br />113 N Locust St, PO Box 160, Grand Island, NE 68802-0160 (referred to below as "Lender").
<br />Co 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 />n A Certain part of the South Twenty Acres of the West Half of the Southwest Quarter
<br />"'11 (W1/2SW1/4) of Section Thirty-three (33), Township Twelve (12) North, Range Nine (9)
<br />West of the 6th P.M., Hall County, Nebraska, more particularly described as follows:
<br />Beginning at a point on the South line of said South Twenty Acres of the West Half of the
<br />Southwest Quarter (W1/2SW1/4) of said Section Thirty-three (33), which point is 329.9
<br />feet West of the Southeast corner of said South Twenty Acres; running thence North
<br />parallel of the East Line of said South Twenty Acres 660.3 feet; running thence West
<br />parallel to the South line of said Twenty Acres 131.9 feet; running thence South parallel to
<br />the East Line of said South Twenty -Acres 660.3 feet to a point on the South Line of said
<br />South Twenty Acres; running thence East upon and along the South line of said South
<br />Twenty Acres 131.9 feet to the actual point of beginning.
<br />The Property or its address is commonly known as 168 E Airport Rd, Grand Island, NE 68803.
<br />The Property tax identification number is 400187345.
<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 />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 />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.
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