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<br />SPACE ABOVE RESERVED FOR RECORDER'S USE
<br />ASSIGNMENT OF LEASES AND RENTS
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<br />Loan No. 08000361181 -01
<br />FOR VALUE RECEIVED, BNS PROPERTY III, L.L.C., a Nebraska limited liability
<br />company, whose address is 10727 M Street, Omaha, Nebraska 68127 ( "Assignor "), hereby
<br />grants, transfers, and assigns to FIRST NATIONAL BANK OF OMAHA, whose address is One
<br />First National Center, 1620 Dodge Street, Omaha, Nebraska 68197 ( "Assignee "), the entire
<br />interest of Assignor as Lessor in and to all leases, subleases, licenses, concessions, or other
<br />agreements now existing and hereafter entered into (collectively "Leases ") for all or any part of
<br />the real property located in Hall County, Nebraska, more particularly described as on Exhibit
<br />"A" attached hereto ( "Property "), together with all rents, income, issues, and profits arising
<br />therefrom, and any renewals and modifications thereof, and together with all rents, income,
<br />issues, and profits arising from the use and occupation of the Property and from any property
<br />covered by the Leases, whether real, personal, mixed or intangible.
<br />This Assignment is intended to be, and shall be construed as, creating an absolute
<br />assignment unto Assignee, and not as an assignment as security, and to such extent shall be
<br />unconditional and irrevocable except as hereinafter provided to the contrary. In connection with
<br />and as a part of this Assignment, Assignor hereby warrants, represents, and agrees to and with
<br />Assignee as follows:
<br />1. Assignee Rights. Assignor has contemporaneously herewith executed and
<br />delivered to Assignee a certain Promissory Note in the principal amount of Two Million Six
<br />Hundred Forty -Eight Thousand Dollars ($2,648,000.00) ( "Note "). In order to secure payment of
<br />the Note, Assignor, as trustor, has contemporaneously herewith executed a certain Deed of Trust,
<br />Assignment of Rents and Security Agreement to First National Bank of Omaha, Trustee, in favor
<br />of Assignee as Beneficiary ( "Deed of Trust "). Unless and until there shall have occurred an
<br />event of default in the performance by Assignor of any of its duties or obligations, including, but
<br />without limitation, the payment of money, arising under the Note or the Deed of Trust, Assignor
<br />is hereby granted a revocable license and may collect at the time of, but in no event more than
<br />one (1) month before, the date provided for payment, all rents, income, issues, and profits arising
<br />under the Leases and retain the use of and enjoy the same subject to the provisions contained in
<br />the Deed of Trust. Upon or at any time after the occurrence of any such event of default which is
<br />not cured within any applicable cure period, Assignee may, at its option, by giving written notice
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<br />SPACE ABOVE RESERVED FOR RECORDER'S USE
<br />ASSIGNMENT OF LEASES AND RENTS
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<br />Loan No. 08000361181 -01
<br />FOR VALUE RECEIVED, BNS PROPERTY III, L.L.C., a Nebraska limited liability
<br />company, whose address is 10727 M Street, Omaha, Nebraska 68127 ( "Assignor "), hereby
<br />grants, transfers, and assigns to FIRST NATIONAL BANK OF OMAHA, whose address is One
<br />First National Center, 1620 Dodge Street, Omaha, Nebraska 68197 ( "Assignee "), the entire
<br />interest of Assignor as Lessor in and to all leases, subleases, licenses, concessions, or other
<br />agreements now existing and hereafter entered into (collectively "Leases ") for all or any part of
<br />the real property located in Hall County, Nebraska, more particularly described as on Exhibit
<br />"A" attached hereto ( "Property "), together with all rents, income, issues, and profits arising
<br />therefrom, and any renewals and modifications thereof, and together with all rents, income,
<br />issues, and profits arising from the use and occupation of the Property and from any property
<br />covered by the Leases, whether real, personal, mixed or intangible.
<br />This Assignment is intended to be, and shall be construed as, creating an absolute
<br />assignment unto Assignee, and not as an assignment as security, and to such extent shall be
<br />unconditional and irrevocable except as hereinafter provided to the contrary. In connection with
<br />and as a part of this Assignment, Assignor hereby warrants, represents, and agrees to and with
<br />Assignee as follows:
<br />1. Assignee Rights. Assignor has contemporaneously herewith executed and
<br />delivered to Assignee a certain Promissory Note in the principal amount of Two Million Six
<br />Hundred Forty -Eight Thousand Dollars ($2,648,000.00) ( "Note "). In order to secure payment of
<br />the Note, Assignor, as trustor, has contemporaneously herewith executed a certain Deed of Trust,
<br />Assignment of Rents and Security Agreement to First National Bank of Omaha, Trustee, in favor
<br />of Assignee as Beneficiary ( "Deed of Trust "). Unless and until there shall have occurred an
<br />event of default in the performance by Assignor of any of its duties or obligations, including, but
<br />without limitation, the payment of money, arising under the Note or the Deed of Trust, Assignor
<br />is hereby granted a revocable license and may collect at the time of, but in no event more than
<br />one (1) month before, the date provided for payment, all rents, income, issues, and profits arising
<br />under the Leases and retain the use of and enjoy the same subject to the provisions contained in
<br />the Deed of Trust. Upon or at any time after the occurrence of any such event of default which is
<br />not cured within any applicable cure period, Assignee may, at its option, by giving written notice
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<br />SPACE ABOVE RESERVED FOR RECORDER'S USE
<br />ASSIGNMENT OF LEASES AND RENTS
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<br />Loan No. 08000361181 -01
<br />FOR VALUE RECEIVED, BNS PROPERTY III, L.L.C., a Nebraska limited liability
<br />company, whose address is 10727 M Street, Omaha, Nebraska 68127 ( "Assignor "), hereby
<br />grants, transfers, and assigns to FIRST NATIONAL BANK OF OMAHA, whose address is One
<br />First National Center, 1620 Dodge Street, Omaha, Nebraska 68197 ( "Assignee "), the entire
<br />interest of Assignor as Lessor in and to all leases, subleases, licenses, concessions, or other
<br />agreements now existing and hereafter entered into (collectively "Leases ") for all or any part of
<br />the real property located in Hall County, Nebraska, more particularly described as on Exhibit
<br />"A" attached hereto ( "Property "), together with all rents, income, issues, and profits arising
<br />therefrom, and any renewals and modifications thereof, and together with all rents, income,
<br />issues, and profits arising from the use and occupation of the Property and from any property
<br />covered by the Leases, whether real, personal, mixed or intangible.
<br />This Assignment is intended to be, and shall be construed as, creating an absolute
<br />assignment unto Assignee, and not as an assignment as security, and to such extent shall be
<br />unconditional and irrevocable except as hereinafter provided to the contrary. In connection with
<br />and as a part of this Assignment, Assignor hereby warrants, represents, and agrees to and with
<br />Assignee as follows:
<br />1. Assignee Rights. Assignor has contemporaneously herewith executed and
<br />delivered to Assignee a certain Promissory Note in the principal amount of Two Million Six
<br />Hundred Forty -Eight Thousand Dollars ($2,648,000.00) ( "Note "). In order to secure payment of
<br />the Note, Assignor, as trustor, has contemporaneously herewith executed a certain Deed of Trust,
<br />Assignment of Rents and Security Agreement to First National Bank of Omaha, Trustee, in favor
<br />of Assignee as Beneficiary ( "Deed of Trust "). Unless and until there shall have occurred an
<br />event of default in the performance by Assignor of any of its duties or obligations, including, but
<br />without limitation, the payment of money, arising under the Note or the Deed of Trust, Assignor
<br />is hereby granted a revocable license and may collect at the time of, but in no event more than
<br />one (1) month before, the date provided for payment, all rents, income, issues, and profits arising
<br />under the Leases and retain the use of and enjoy the same subject to the provisions contained in
<br />the Deed of Trust. Upon or at any time after the occurrence of any such event of default which is
<br />not cured within any applicable cure period, Assignee may, at its option, by giving written notice
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