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CASA C u(') oel CHECK REFUNDS: CASH CHECK Av� RECORDED HALL COUPITY NE �13T 2C75 G 1 S 8 8 2025 14AR 3 1 P 3: 18 WHEN RECORDED MAIL TO: Heritage Bank Hastings PO Box 349 Hastings. NE 68901 KRISTI W LD REGISTER OF DEEDS FOR RECORDER'S USE ONLY HTHIS ASSIGNMENT OF RENTS dated March 31, 2025, is made and executed between LuRae ...t Properties, LLC , whose address is 4357 Rodney Cir, Grand Island, NE 68803-1343; A Nebraska Limited Liability Corporation (referred to below as "Grantor") and Heritage Bank, whose address is PO Box 349, Hastings, NE 68901 (referred to below as "Lender"). • ASSIGNMENT OF RENTS 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: A tract of and consisting of the Southerly portion of Lot Four (4), Block Thirty-two (32), Original Town of Grand Island, Hall County, Nebraska, described as follows: Beginning at a point in the West line One Hundred Three and Six Tenths (103.6) feet Southerly from the Northwest corner of said Lot Four (4), thence Southerly Twenty-eight and Four Tenths (28.4) feet to the Southwest corner, thence Easterly Sixty-six (66.0) feet along the South line to the Southeast corner, thence Northerly Twenty eight and seven Tenths (28.7) feet along the Easterly line to a point, thence Westerly Sixty-six (66.0) feet to the point of beginning, being located in the Northeast Quarter of the Northeast Quarter (NE1/4NE1/4) of Section Sixteen (16), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska. The Property or its address is commonly known as 413 N Wheeler St, Grand Island, NE 68801. 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: