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1JV2J1SOV TO WHEN RECORDED MAIL TO: Five Points Bank Attn: Diers PO Box 1507 Grand Island, NE 68802-1507 70 rn - n n z =n0 rn > v, • cn • • w c r) FOR RECORDER'S USE ONLY FIVE POINTS BANK II 11091111 II II 111111 II I I II I III I I IIEI6lIIIIEI II I IIIII�I *0000000001013166340115* 11 ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated January 7, 2019, is made and executed between EXIT 300, LLC, whose address is 928 SUN VALLEY PL, GRAND ISLAND, NE 68801 (referred to below as "Grantor") and Five Points Bank, whose address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below as "Lender"). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in HALL County, State of Nebraska: SEE EXHIBIT "A" The Property or its address is commonly known as 11774 S HIGHWAY 11, WOOD RIVER, NE 68883. FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Grantor, together with all interest thereon. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: oO