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►-, Cn ° c x r'v WHEN RECORDED MAIL TO: cn Wells Fargo Bank, National Association Attn: Collateral Processing - Rep III 730 2nd Avenue South, Suite 1000 Minneapolis, MN 55479 FOR RECORDER'S USE ONLY �oo�oomi�M��omo�omm� Y%\ . ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated December 31, 2003, is made and executed between Donald D. Mehring, not personally but as Trustee on behalf of Nancy A. Erwin Trust, an Undivided One -Half Interest, whose address is 1043 South Locust Street, Grand Island, NE 68801; and Donald D. Mehring and Marilyn J. Mehring, husband and wife, an Undivided One -Half Interest, whose address is 3028 W College Street, Grand Island, NE 68801 (referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd Street, Grand Island, NE 68801 (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, which is attached to this Assignment and made a part of this Assignment as if fully set forth herein. The Property or its address is commonly known as 3335 / 3337 West State Street, Grand Island, NE 68803. The Property tax identification number is 400335964 CROSS- COLLATERALIZAT ION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale. BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to take under this Assignment. ,_L f- ;v M M �., r o -� C7 - c n z - < O O f� U� J co O ^ i.L ° Q t� ry -•- <.r .0 Q =3 ►-, Cn ° c x r'v WHEN RECORDED MAIL TO: cn Wells Fargo Bank, National Association Attn: Collateral Processing - Rep III 730 2nd Avenue South, Suite 1000 Minneapolis, MN 55479 FOR RECORDER'S USE ONLY �oo�oomi�M��omo�omm� Y%\ . ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated December 31, 2003, is made and executed between Donald D. Mehring, not personally but as Trustee on behalf of Nancy A. Erwin Trust, an Undivided One -Half Interest, whose address is 1043 South Locust Street, Grand Island, NE 68801; and Donald D. Mehring and Marilyn J. Mehring, husband and wife, an Undivided One -Half Interest, whose address is 3028 W College Street, Grand Island, NE 68801 (referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd Street, Grand Island, NE 68801 (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, which is attached to this Assignment and made a part of this Assignment as if fully set forth herein. The Property or its address is commonly known as 3335 / 3337 West State Street, Grand Island, NE 68803. The Property tax identification number is 400335964 CROSS- COLLATERALIZAT ION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale. BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to take under this Assignment. ,_L f- M CA �., r o -� C7 - c - < O O f� U� J co O ^ i.L ° Q t� ry -•- <.r .0 Q =3 Z r �) r- ►-, Cn ° c x r'v WHEN RECORDED MAIL TO: cn Wells Fargo Bank, National Association Attn: Collateral Processing - Rep III 730 2nd Avenue South, Suite 1000 Minneapolis, MN 55479 FOR RECORDER'S USE ONLY �oo�oomi�M��omo�omm� Y%\ . ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated December 31, 2003, is made and executed between Donald D. Mehring, not personally but as Trustee on behalf of Nancy A. Erwin Trust, an Undivided One -Half Interest, whose address is 1043 South Locust Street, Grand Island, NE 68801; and Donald D. Mehring and Marilyn J. Mehring, husband and wife, an Undivided One -Half Interest, whose address is 3028 W College Street, Grand Island, NE 68801 (referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd Street, Grand Island, NE 68801 (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, which is attached to this Assignment and made a part of this Assignment as if fully set forth herein. The Property or its address is commonly known as 3335 / 3337 West State Street, Grand Island, NE 68803. The Property tax identification number is 400335964 CROSS- COLLATERALIZAT ION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of sale. BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter what action Lender takes or fails to take under this Assignment. ,_L f-