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<br /> RECORDATION REQUESTED BY: ., � D � Z
<br /> C p �..... � O
<br /> U.S. BANK NATIONAL ASSOCIATION/SMALL BUSINESS tp � Q
<br /> CREDIT—CENTRAL �
<br /> 16 NINTH AVENUE NORTH—HOPK3666
<br /> HOPKINS,MN 55343
<br /> WHEN RECORDED MAIL TO:
<br /> U.S. BANK NATIONAL ASSOCIATION/SMALL BUSINESS
<br /> CREDIT—CENTRAL
<br /> 16 NINTH AVENUE NORTH—HOPK3666
<br /> HOPKINS,MN 55343
<br /> �
<br /> ��
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> ASSIGNMENT OF RENTS
<br /> THIS ASSIGNMENT OF RENTS IS DATED AUGUST 12, 1999, between Hoos Insurance Agency, Inc., a
<br /> Nebraska corporation, whose address is 3532 W. Capitol Ave., Grand Island, NE 68803 (referred to below as
<br /> "Grantor"); and U.S. BANK NATIONAL ASSOCIATION, whose address is 424 WEST 3RD STREET, GRAND
<br /> ISLAND, NE 68801 (referred to below as "Lender").
<br /> ASSIGNMENT. For valuable consideration, Grantor 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 /> A TRACT OF LAND COMPRISING ALL OF LOT FOUR (4), LYING WEST OF AND ADJACENT TO THE
<br /> WESTERLY RIGHT OF WAY LINE OF LOCUST STREET, BLOCK NINETY SEVEN (97), RAILROAD
<br /> ADDITION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, TOGETHER WITH THE
<br /> VACATED SOUTHERLY TWELVE (12.0) FEET OF DIVISION STREET (ORDINANCE NO. 3713), LYING
<br /> NORTH OF AND ADJACENT TO SAID LOT FOUR (4).
<br /> The Real Property or its address is commonly known as 204 S. Locust St., Grand Island, NE 68801. The Real
<br /> Property tax identification number is 400080532.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Assignment. Terms not otherwise defined in this
<br /> Assignment shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts
<br /> in lawful money of the United States of America.
<br /> Assignment. The word "AssignmenY' means this Assignment of Rents between Grantor and Lender, and includes without limitation all
<br /> assignments and security interest provisions relating to the Rents.
<br /> Event of Default. The words"Event of Default"mean and include without limitation any of the Events of Default set forth below in the section
<br /> titled"Events of Default."
<br /> Grantor. The word"Grantor"means Hoos Insurance Agency,Inc..
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Grantor or expenses incurred by Lender to enforce obligations of Grantor under this Assignment, together
<br /> with interest on such amounts as provided in this Assignment.
<br /> Lender. The word"Lender"means U.S.BANK NATIONAL ASSOCIATION,its successors and assigns.
<br /> Note. The word "Note"means the promissory note or credit agreement dated August 12, 1999, in the original principal amount of
<br /> $90,000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and
<br /> substitutions for the promissory note or agreement.
<br /> Property. The word"Property"means the real property,and all improvements thereon,described above in the"AssignmenY'section.
<br /> Real Property. The words"Real Property"mean the property,interests and rights described above in the"Property Definition"section.
<br /> Related Documents. The words "Related Documents" mean and include without limitation all promissory notes, credit agreements, loan
<br /> agreements,environmental agreements,guaranties,security agreements, mortgages, deeds of trust,and all other instruments,agreements and
<br /> documents,whether now or hereafter existing,executed in connection with the Indebtedness.
<br /> Rents. The word "Rents" means all rents, revenues, income, issues, profits and proceeds from the Property, whether due now or later,
<br /> including without limitation all Rents from all leases described on any exhibit attached to this Assignment.
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