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99E£0£Z0Z CASH CHECKlr REFUNDS: CASH CHECK RECc "l DE HALL (-rte? { -,-•r `fr INST 7023 0 3 3 b b 2073 JUL I.\ 'P: i! 8 \x.:31.71 Er; )1 1 Return To: Loan Dept, Columbus Bank and Trust Company, 2501 13th St., Columbus, NE 68602-0098 Prepared By: Loan Dept, Columbus Bank and Trust Company, 2501 13th St., Columbus, NE 68602-0098 Space Above This Line For Recording Data ASSIGNMENT OF LEASES AND RENTS DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is June 30, 2023. The parties and their addresses are: ASSIGNOR: JOHN S CUMMINS Spouse of DeAnn R Cummins 6840 Forest Lake Blvd Lincoln, NE 68516 DEANN R CUMMINS Spouse of John S Cummins 6840 Forest Lake Blvd Lincoln, NE 68516 LENDER: COLUMBUS BANK AND TRUST COMPANY Organized and existing under the laws of Nebraska 2501 13th Street PO Box 98 Columbus, NE 68602-0098 1. DEFINITIONS. For the purposes of this document, the following term has the following meaning. A. Loan. "Loan" refers to this transaction generally, including obligations and duties arising from the terms of all documents prepared or submitted for this transaction. 2. SECURED DEBTS. The term "Secured Debts" includes and this Assignment will secure each of the following: A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and replacements. A promissory note or other agreement, dated June 30, 2023, from Island Sprinkler Supply Company (Borrower) to Lender, with a loan amount of $ 250,000.00. B. All Debts. All present and future debts from Island Sprinkler Supply Company to Lender, even if this Assignment is not specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than one person signs this Assignment, each agrees that it will secure debts incurred either individually or with others who may not sign this Assignment. Nothing in this Assignment constitutes a commitment to make additional or future loans or advances. Any such commitment must be in writing. This Assignment will not secure any debt for which a non -possessory, non -purchase money security interest is created in "household goods" in connection with a "consumer loan," as those terms are defined by federal law governing unfair and deceptive credit practices. This Assignment will not secure any debt for which a security interest is created in "margin stock" and Lender does not obtain a "statement of purpose," as defined and required by federal law governing Island Sprinkler Supply Company Nebraska Assignment of Leases and Rents N E /4 N i c o l e. S 00000000003 066 0 3 2 N Wolters Kluwer Financial Services, Inc.°1996, 2023 Page 1 Bankers SystemsTM