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D <br />Z <br />0 <br />T <br />-i <br />M <br />n <br />M <br />Cn <br />:9 <br />ra i <br />Z <br />y <br />fn rp <br />rl r <br />x <br />m D/ <br />x <br />T 4 <br />v <br />n <br />L' <br />nl <br />V e.: <br />N <br />C <br />N <br />L1 <br />m_ <br />H.. <br />.1 <br />3 <br />N <br />Crl <br />N <br />n <br />o —Nj <br />O <br />C b <br />O T <br />O <br />N <br />2 m <br />? m <br />H <br />r s <br />r n <br />c.1 <br />x <br />v <br />b <br />v <br />In <br />WHEN RECORDED MAIL TO: <br />Minneapolis Loan Ops Center 200213774 <br />Attn: Collateral Processing - Rep III <br />730 2nd Ave. South Suite 1000 <br />Minneapolis, MN 55479 FOR RECORDER'S USE ONLY <br />00000000000000090 <br />ASSIGNMENT OF RENTS <br />rm <br />6D <br />N <br />C.1. <br />N <br />'."y' <br />A <br />C <br />THIS ASSIGNMENT OF RENTS dated December 5, 2002, is made and executed between Timothy C. Plate, a <br />single person, whose address is 2608 Old Fair Road, Grand Island, NE 68803 (referred to below as "Grantor ") <br />and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St, Grand Island, NE <br />68801 (referred to below as "Lender "). <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 Hell County, State of Nebraska: <br />Lot One (1), Block One (1), Nelsen Second Subdivision, Hall County, Nebraska, excepting therefrom a tract <br />of land conveyed to the State of Nebraska by Quitclaim Deed recorded as Document No. 85- 000078. <br />The Property or its address is commonly known as 2608 West Old Fair Road, Grand Island, NE 68803. The <br />Property tax identification number is 400065975 <br />THIS ASSIGNMENT IS GIVEN TO SECURE Ill PAYMENT OF THE INDEBTEDNESS AND (2) 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 />ell 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 'a 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 />LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right at any time, and even though no default shall have <br />occurred under this Assignment, to collect and receive the Rants. For this purpose, Lender is hereby given and granted the following <br />rights, powers and authority: <br />