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i��v� .�,t:l.a.aZa... -.. - ..$as• n - -.L.. -- r Jliyly,'r.b '1�� .r {t t _ ., - - -__ __.. a ....✓.Ia:...�a..L...�- P.i.id1{- ..�...�.taa...�— ..._�.�_ -..... +a ...LA�L:.li..r�✓.Vab:ni.. ........ �a -406686 COLLATERAL - ASSIGNMENT OFRRENTS FOR AND IN CONSIDERATION of the sum of Four Hundred Thousand and No /100 Dollars ($400,000.00) loaned to the HESSELGESSER'S. INC., TED HESSELGESSER and SUSAN HESSELGESSER, hereinafter referred to as "Borrowers ", the undersigned, TED V. HESSELGESSER and SUSAN A. HESSELGESSER, Husband and Wife, hereinafter referred to as "Assignors ", do hereby sell, assign and transfer. unto HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, here-inafter referred to as "Assignee ", their right, title and interest in and - to rents receivable to the extent of Three Tho sand - Five Hundred. and No /100 Dollars ($3,500.00), par that Lease dated 11 -21 ,• 1990„ trxjether with all renewals and extens.1ofts t zreo f , where jn E. N. Roe and Merlene Roe, Husband and WiEe, are identified as the Lessee in respect to that real estate legally described as: Lots One (1) and Two (2) in Hesselgesser Subdivision in the City of Grand island, Hall County, Nebraska. SAID ASSIGNMENT BY THE UNDERSIGNED ASSIGNORS IS MADE SUBJECT TO THE FOLLOWING TEMIS AND CONgDITIONS-z 1. This Assignment is given to secure the payment of the indebtedness described above and as security for such other sums as may be hereafter advanced by Assignee to, or for the benefit of, the Borrowers; provided, however, that In the event all indebtedness owing from the Borrowers . to the Assignee is well and truly paid, then this Assignment shall be void, otherwise to remain in full force and effect. 2. it is the intention and agreement of the Assignors that this Assignment shall also secure any future advances made to Borrowers by Assignee and any and all indebtedness in addition to the amount stated above which said Borrowers may owe to said Assignee, however evidenced, whether by note, book, account or otherwise. The undersigned also agree that this Assi4rment shall secure all costs, charges and expenses reasonably incurred or paid...by Assignee, including reasonable attorney fees, because of the failure of the Borrowers to comply with the terms of the Notes evidencing such indebtedness or this Ass ignmente 3. The Assignee may give immediate notice of this Assignment to the Lessee under such Lease and -shall, from and. after the date of such notice, be authorized to receive and directly collect on the date such rents are - :�Ije and payable that portion of such rents hereby assigned. 4. The Assignors represent arid. warrant to the Assignee that the assigned Real Estate Lease and rents therein provided have not been previously transferred or encL:mbered. 1 � 1 r•