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T C n2 sr� • -f iy fV 0 11 - m X n ,NO n , x c; C'1 ti n T 4 x x O m o 0 11S'�"J O r✓ N ry O WHEN RECORDED MAIL TO: Minneapolis Loan Ops Center Ann: Collateral Proceasing - Rap III 200303382 730 2nd Audi. South Suite 1000 Minneapolis. MN 55479 NNWWIIYpYpYY Ip IIIIIII NN II1I�NryNry IpIpIIpIpI IpIpIpIpIIIIIpII III VVIIyuII„�ryII IIIIIIIII INNIINNIIYYNpNp �yIIIry FOR RECORDER'S USE ONLY IIIIIIInMIVIII��tlIPoBPtlIPp PIIIII��I�Y99IIIIIIINII ®11 �� s 00000000000000090 ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated March 17, 2003, is made and executed between Betty L. Green and Ralph E. Green, husband and wife, whose address is 305 West Oxnard, Grand Island, NE 68801. (referred to below as "Grantor ") and Walls Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St, Grand Island, NE 68801 (referred to below as "Lender "). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in Hall County, State of Nebraska: PARCEL 1 LOTS 1, 2, IN BLOCK 6, IN PLEASANT HILL ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 7-,1:1-1 9 1111 LOTS 4, AND FRACTIONAL LOTS 5 AND 6, IN BLOCK 6, IN PLEASANT HILL ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. The Property or its address is commonly known as 823 East 11th & 824 East 9th, Grand Island, NE 68801. The Property tax identification number is 400077949 & 400077965 THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT. AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. 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, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Leader. No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.