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ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated March 2, 2004, is made and executed between L & P Investments,
<br />L.L.C., a Nebraska Limited Liability Company, whose address is 429 Industrial Lane, Grand Island, NE 68803;
<br />(referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd
<br />Street, Grand Island, NE 68801 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Lot Tan (10), Block One (1), Sothman's Subdivision, to the City of Grand Island Hall County, Nebraska
<br />Lots Eleven (11). Twelve (12), Thirteen (13) and Fourteen (14). excepting the West One Hundred Thirty
<br />Feet (W130') of Lot Fourteen (14) and the West One Hundred Thirty Feet (111i of the South 19.88 Feet
<br />of Lot Thirteen (13), Lambert's Subdivision in the City of Grand Island, Hall County, Nebraska
<br />The Property or its address is commonly known as 1016 S Greenwich Avenue and Lamberts' Subdivision,
<br />Grand Island. NE 68801. The Property tax identification number is 400092336, 400059800
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Near whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliyuidated whether Grantor may be liable
<br />Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereafter may become be red by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable. It the Lender is required to give notice of the right to cancel under Truth in
<br />Lending in connection with any additional bans, extensions of credit and other liabilities or obligations of Grantor to Lender, then this
<br />Assignment shell not secure additional loans or obligations unless and until such notice is given.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND 121 PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In this Assignment or any Related Documents, Grantor shall pay to Lender
<br />all amounts secured by this Assignment as they become due, and shall strictly perform ell of Grantor's obligations under this Assignment.
<br />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,
<br />Cramer may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of
<br />the right to collom the Rent. shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
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<br />Wells Forgo Bank. National Association
<br />Attn: Collateral Processing -Rap III
<br />200402082
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<br />M' MN 554]9
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<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated March 2, 2004, is made and executed between L & P Investments,
<br />L.L.C., a Nebraska Limited Liability Company, whose address is 429 Industrial Lane, Grand Island, NE 68803;
<br />(referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 304 W. 3rd
<br />Street, Grand Island, NE 68801 (referred to below as "Lender ").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Lot Tan (10), Block One (1), Sothman's Subdivision, to the City of Grand Island Hall County, Nebraska
<br />Lots Eleven (11). Twelve (12), Thirteen (13) and Fourteen (14). excepting the West One Hundred Thirty
<br />Feet (W130') of Lot Fourteen (14) and the West One Hundred Thirty Feet (111i of the South 19.88 Feet
<br />of Lot Thirteen (13), Lambert's Subdivision in the City of Grand Island, Hall County, Nebraska
<br />The Property or its address is commonly known as 1016 S Greenwich Avenue and Lamberts' Subdivision,
<br />Grand Island. NE 68801. The Property tax identification number is 400092336, 400059800
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Near whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliyuidated whether Grantor may be liable
<br />Individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereafter may become be red by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable. It the Lender is required to give notice of the right to cancel under Truth in
<br />Lending in connection with any additional bans, extensions of credit and other liabilities or obligations of Grantor to Lender, then this
<br />Assignment shell not secure additional loans or obligations unless and until such notice is given.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND 121 PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided In this Assignment or any Related Documents, Grantor shall pay to Lender
<br />all amounts secured by this Assignment as they become due, and shall strictly perform ell of Grantor's obligations under this Assignment.
<br />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,
<br />Cramer may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of
<br />the right to collom the Rent. shall 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 />
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