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WHEN RECORDED MAIL TO: 200302381
<br />Minneapolis Loan Ops Center
<br />Ann: Collateral Processing - Rap III
<br />730 2nd Ave. South Suite 1000
<br />Minneapolis, MN 55479 FOR RECORDER'S USE ONLY
<br />IIIIIIIIIIIINNIIIIIINIIIIIIIII - ��-
<br />00000000000000090
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated February 28, 2003, is made and executed between Steven R. Lemburg
<br />and Dana L. Lemburg, husband and wife, whose address is 613 S Nubia Street, Cairo, NE 68824 (referred to
<br />below as "Grantor") and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St,
<br />Grand Island, NE 68801 (referred to below as "Lander").
<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 Six (6), Block Thirty -Five (35), Original Town of Grand Island, Hall County, Nebraska.
<br />and
<br />Lot Seven (7), Block Thirteen (13), Arnold & Abbott's Addition, City of Grand Island, Hall County,
<br />Nebraska.
<br />The Property or its address is commonly known as 516 W 4th Street and 1110 W 3rd Street, Grand Island,
<br />NE 68801. The Property tax identification number is 400002892 & 400009382
<br />THIS ASSIGNMENT IS GIVEN TO SECURE 111 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 all 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 />Grantor 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 collect the Rents 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 />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as
<br />disclosed to and accepted by Lender in writing.
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to
<br />Lender.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as
<br />provided in this Assignment.
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<br />WHEN RECORDED MAIL TO: 200302381
<br />Minneapolis Loan Ops Center
<br />Ann: Collateral Processing - Rap III
<br />730 2nd Ave. South Suite 1000
<br />Minneapolis, MN 55479 FOR RECORDER'S USE ONLY
<br />IIIIIIIIIIIINNIIIIIINIIIIIIIII - ��-
<br />00000000000000090
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated February 28, 2003, is made and executed between Steven R. Lemburg
<br />and Dana L. Lemburg, husband and wife, whose address is 613 S Nubia Street, Cairo, NE 68824 (referred to
<br />below as "Grantor") and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St,
<br />Grand Island, NE 68801 (referred to below as "Lander").
<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 Six (6), Block Thirty -Five (35), Original Town of Grand Island, Hall County, Nebraska.
<br />and
<br />Lot Seven (7), Block Thirteen (13), Arnold & Abbott's Addition, City of Grand Island, Hall County,
<br />Nebraska.
<br />The Property or its address is commonly known as 516 W 4th Street and 1110 W 3rd Street, Grand Island,
<br />NE 68801. The Property tax identification number is 400002892 & 400009382
<br />THIS ASSIGNMENT IS GIVEN TO SECURE 111 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 all 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 />Grantor 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 collect the Rents 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 />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as
<br />disclosed to and accepted by Lender in writing.
<br />Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to
<br />Lender.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as
<br />provided in this Assignment.
<br />
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