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1ov?11S9v '1'0 <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Attn: Diers <br />PO Box 1507 <br />Grand Island, NE 68802-1507 <br />✓: <br />a) ..r- <br />r.1 <br />c- <br />FOR RECORDER'S USE ONLY <br />FIVE POINTS BANK <br />II IflIV II II II II III I1MI1IIIMIIII 1 11 I IIINVI INNIIII II <br />*0000000001013210950115* <br />111 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated July 15, 2019, is made and executed between SCHULTE <br />CONSTRUCTION, L.L.C., whose address is 3422 S 110TH RD, WOOD RIVER, NE 68883-9643 <br />(referred to below as "Grantor") and Five Points Bank, whose address is 2009 N. Diers Ave., <br />PO Box 1507, Grand 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 />LOTS FIVE (5) AND SIX (6), THELEN FIFTH SUBDIVISION, CITY OF WOOD RIVER, HALL <br />COUNTY, NEBRASKA. <br />The Property or its address is commonly known as 1509 & 1515 DODD ST, WOOD RIVER, NE <br />68883. <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 />rn <br />?I <br />rn <br />rn <br />N <br />CLD kft <br />CD -c C <br />'-' ren <br />Z <br />O <br />O <br />o <br />