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iOV I1SEIV •I• <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />Attn: Diers <br />PO Box 1507 <br />Grand Island, NE 68802-1507 <br />m� <br />n <br />m ;u <br />vi <br />--i <br />M <br />-13 <br />7 r"– <br />C7 <br />(t1 <br />CD <br />C1) <br />c.n <br />co <br />-4 <br />= rn <br />r- <br />1- <br />;;K:. <br />— <br />max: <br />FOR RECORDER'S USE ONLY <br />11 <br />FIVE POINTS BANK <br />II II 11 011 II II II II III InIINI 111111 III I I1II II 1111 II <br />*0000000001013232010115* <br />111 <br />ASSIGNMENT OF RENTS <br />THIS ASSIGNMENT OF RENTS dated September 4, 2019, is made and executed between DICK <br />A. PETERSON, whose address is 3408 E GREGORY ST, GRAND ISLAND, NE 68801 and <br />BARBARA L. PETERSON, whose address is 3408 E GREGORY ST, GRAND ISLAND, NE <br />68801; Husband and Wife (referred to below as "Grantor") and Five Points Bank, whose <br />address is 2009 N. Diers Ave., PO Box 1507, Grand Island, NE 68802 (referred to below as <br />"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 Seven (7) and Ten (10), Hayman's Subdivision, Hall County, Nebraska <br />The Property or its address is commonly known as FARMLAND, HALL COUNTY, NE. <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 />ry <br />0 <br />C.0 <br />0 <br />CJ1 <br />-c <br />CD <br />rrl <br />�-rn <br />i <br />ni <br />cn <br />