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200300570 2. It is the intention and agreement of the Assignor that this Assignment shall also secure any future advances made to Assignor by Assignee and any and all indebtedness in addition to the amount stated above which said Assignor may owe to said Assignee, however evidenced, whether by note, book, account or otherwise. The undersigned also agrees that this Assignment shall secure all costs, charges and expenses reasonably incurred or paid by Assignee, including reasonable attorney fees, because of the failure of the undersigned to comply with the terms of the Notes evidencing such indebtedness or this Assignment. 3. So long as Assignor shall not be in default of the payments due to Assignee in respect to indebtedness owing or in the performance of the requirements of any instrument of security which may secure such indebtedness, Assignor shall be entitled to collect and retain for his benefit all rents, from time to time accruing and received in respect to the Lease herein assigned as security. 4. Upon default in the payment of any sum due in respect to the indebtedness secured hereby or in the performance of the requirements of any instrument of security which may secure such indebtedness, the Assignee may give immediate notice of this Assignment to the Tenant under such Lease and shall, from and after the date of such notice, be authorized to receive and collect all such rents as may thereafter accrue and be due and payable to Assignor under the terms thereof. 5. The Assignor represents and warrants to the Assignee that the assigned Lease and rents therein provided has not been previously transferred or encumbered. 6. The Assignor will not, without the prior written consent of the Assignee, agree to or consent to or permit any amendment, modification, termination, assignment of or subletting under the Lease herein assigned as security. 7. All control and dominion over the rights and remedies of the Assignor as Owner set forth in the Lease hereby assigned as security are transferred to the Assignee except that the Assignee may in writing specifically authorize the Assignor to act with respect thereto. 8. The Assignor will keep and perform all of the obligations to be performed on the part of the Owner under the terms of the Lease herein assigned as security and will save the Assignee harmless from any failure to do so, it being specifically understood that notwithstanding this Assignment or any notice thereof, the Assignee shall not be obligated to perform any of the obligations on the part of the Assignor at under such Lease. y . IN WITNESS WHEREOF, the Assignor has executed this Collateral Assignment of Lease on this A7 day of December, 2002. GRAND ISLAND COMMERCIAL VENTURES, L.L.C., a Nebraska Limited Liability Company c David Starostka, Manager "Assignor" STATE OF NEBRASKA) (ss COUNTY OF HALT. ) r The foregoing Collateral Assignment of Lease was acknowledged before me this %'7 day of December, 2002, by David Starostka, Manager of Grand Island Commercial Ventures. L.L.C., a Nebraska limited liability company, on behalf of such limited liability company. jX Notary Public My Commission Expires: OENFA4I NOTARY- SMOINOMM . Kt1NZMAf1 Ely comma Figs. Mardi 1, 2WE 1 u ✓moo