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<br />WHEN RECORDED MAIL TO:
<br />BRUNING BANK
<br />GRAND ISLAND LOCATION
<br />3032 WEST STOLLEY PARK ROAD/PO BOX
<br />1109
<br />GRAND ISLAND, NE 68802
<br />CASH
<br />CHEC
<br />REFUNDS:FUNDS:._
<br />CASH.
<br />CHECK
<br />RECORDED
<br />HALL COUNTY NE
<br />INST 2O21-1 0u223 Mil AUG 20 P 3:24
<br />KRISTI \HOLD
<br />REGISTER OF DEEDS
<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated August 30, 2024, is made and executed between BORK
<br />INVESTMENTS LLC; A NEBRASKA LIMITED LIABILITY COMPANY (referred to below as
<br />"Grantor") and BRUNING BANK, whose address is 3032 WEST STOLLEY PARK ROAD/PO BOX
<br />1109, GRAND ISLAND, NE 68802 (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 tract of land comprising part of Lots One (1), Two (2), Three (3), Four (4) and Five (5),
<br />Block Thirteen (13), South Park Addition to the City of Grand Island, Hall County, Nebraska,
<br />more particularly described as follows:
<br />Beginning at the Northeasterly corner of said Block Thirteen (13); thence Southwesterly
<br />along the Northerly line of said Block Thirteen (13), a distance of 274.0 feet to the
<br />Northwesterly corner of said Block Thirteen (13); thence Southeasterly along the Westerly
<br />line of said Block Thirteen (13) a distance of 130.49 feet to the Northerly Right -of -Way line
<br />of the Burlington Northern Railroad; thence Northeasterly along said Right -of -Way line a
<br />distance of 229.3 feet to a point of curvature; thence Northeasterly along said Right -of -Way
<br />line and on the arc of a curve whose radius is 942.44 feet, a long chord distance of 44.75
<br />feet to the Easterly line of said Block Thirteen (13); thence Northwesterly along the Easterly
<br />line of said Block Thirteen (13), a distance of 128.7 feet to the place of beginning.
<br />The Property or its address is commonly known as 811-821 W OKLAHOMA AVE, GRAND
<br />ISLAND, NE 68801. The Property tax identification number is 400094215.
<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; however, in no event shall such future advances (excluding interest) exceed
<br />in the aggregate $600,000.00.
<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.
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and
<br />convey the Rents to Lender.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any
<br />instrument now in force.
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