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<br />THIS ASSIGNMENT OF RENTS dated July 1, 2024, is made and executed between DAVID R
<br />FAIRBANKS and CATHERINA W SALINAS, husband and wife, whose address is 5464 NW 4TH
<br />W ST, LINCOLN, NE 68521 (referred to below as "Grantor") and PINNACLE BANK, whose
<br />-i address is 106 E 3RD ST, GRAND ISLAND, NE 68801 (referred to below as "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 />A PART OF LOT ONE (1), OF THE COUNTY SUBDIVISION OF A PART OF THE NORTH ONE
<br />HALF (N1/2) OF SECTION FIVE (5), IN TOWNSHIP TEN (10) NORTH, RANGE TEN (10)
<br />WEST OF THE 6TH P.M., IN ALDA, HALL COUNTY, NEBRASKA, MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS:
<br />BEGINNING AT A POINT ON THE WEST LINE OF SAID LOT ONE (1), OF COUNTY
<br />SUBDIVISION, SAID POINT BEING THE INTERSECTION OF THE NORTH LINE, EXTENDED
<br />OF BLOCK THREE (3), POWELL'S ADDITION TO THE VILLAGE OF ALDA, NEBRASKA WITH
<br />THE WEST LINE OF SAID LOT ONE (1) OF THE COUNTY SUBDIVISION OF A PART OF
<br />SECTION FIVE (5), IN THE TOWNSHIP TEN (10) NORTH, RANGE TEN (10) WEST OF THE
<br />6TH P.M., RUNNING THENCE SOUTH ALONG AND UPON SAID WEST LINE OF SAID LOT
<br />ONE (1), A DISTANCE OF 154.5 FEET; RUNNING THENCE NORTHEASTERLY A DISTANCE
<br />OF 154.6 FEET TO A POINT 231.9 FEET NORTH OF THE NORTH LINE OF THE UNION
<br />PACIFIC RAILROAD COMPANY'S RIGHT-OF-WAY; RUNNING THENCE NORTHWESTERLY A
<br />DISTANCE OF 132.5 FEET TO A POINT ON THE NORTH LINE OF BLOCK THREE (3),
<br />POWELL'S ADDITION TO THE VILLAGE OF ALDA, EXTENDED; RUNNING THENCE
<br />SOUTHWESTERLY ALONG SAID NORTH LINE OF BLOCK THREE (3), POWELL'S ADDITION
<br />TO THE VILLAGE OF ALDA, EXTENDED, A DISTANCE OF 70 FEET TO THE POINT OF
<br />BEGINNING.
<br />CASH
<br />CHEC
<br />REFUNDS:
<br />CASH
<br />CHECK____
<br />RECORDED
<br />HALL COUNTY NE
<br />INST 2024 0305LI 2024JUL -2 P 3:12
<br />KRISTI WOLD
<br />REGISTER OF DEEDS
<br />WHEN RECORDED MAIL TO:
<br />PINNACLE BANK
<br />GRAND ISLAND OFFICE
<br />106 E 3RD ST
<br />GRAND ISLAND. NE 68801
<br />C 3 w
<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />The Property or its address is commonly known as 105 MULBERRY ST, ALDA, NE 68810.
<br />CROSS -COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<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 />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and
<br />claims except as disclosed to and accepted by Lender in writing.
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