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57 WHEN RECORDED MAIL TO: First National Bank of Omaha 1620 Dodge Street SC 3280 Omaha. NE 68197 INST 102 0201b CASH CHECK '.2114 .oO REFUNDS: CASH CHECK gLC .,,;)i D HALL C qTY NE 2O2U MAY - : 3 19 ' VO: D REGISTER OF DEEDS FOR RECORDER'S USE ONLY �fnbo ME 111111111111111MINNUI 111 584805092024• Mil ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated May 9, 2024, is made and executed between Duane E Coates and Kimberli K Coates, husband and wife, whose address is 4160 Redwood Ct, Grand Island, NE 68803 (referred to below as "Grantor") and First National Bank of Omaha , whose address is 1620 Dodge Street, Omaha, NE 68197 (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: Lot 77 in Le Heights Fourth Subdivision in the City of Grand Island, Hall County, Nebraska, LESS a tract conveyed to the City of Grand Island, Nebraska, in Document No. 85-003824 described as: Beginning at the Northeast corner of Lot 77 of Le Heights Fourth Subdivision; thence running westerly along the southerly Manchester Road right-of-way line for a distance of 68 feet to a point being the point of curvature of a curve having a radius of 107.31 feet; thence running southwesterly along the chord of the arc for a distance of 58.79 feet to a point of tangency, said arc also being the aforesaid southerly right-of-way line of Manchester Road; thence running southeasterly to a point on the East line of Le Heights Fourth Subdivision, said point being 60 feet South of the Northeast corner of Lot 77 of Le Heights Fourth Subdivision; thence running northerly 60 feet to the point of beginning. The Property or its address is commonly known as 4205 Manchester Road, Grand Island, NE 68803. The Property tax identification number is 400158779. FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Grantor, together with all interest thereon. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Lender. No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force. No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as provided in this Assignment.