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The Property or its address is commonly known as 3618 East Bismark Road, Grand Island, NE 68801. The
<br />Property tax identification number is 400214873
<br />THIS ASSIGNMENT IS GIVEN TO SECURE Itl 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 emerged to receive the Rents free and clear of all rights, loans, liens, encumbrances, and cisims except as
<br />disclosed to and accapted by Lender in writing.
<br />Right to Assign. Grants, has the full right, power and authority to enter Into this Assignment and to assign and convey the Rents to
<br />I and.,.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rants 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 />cured under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby given and granted the following
<br />rights, powers and authority
<br />Notice to Tenants. Lender may and notices to any and all tenants of the Property advising them of this Assignment and directing all
<br />Rants to be paid directly to Lender or Lender's agent.
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<br />730 2nd Ave. South Suite 1000
<br />Minneapolis MN 55479 FOR RECORDER'S USE ONLY
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<br />ASSIGNMENT OF RENTS
<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 Hall County, State of Nebraska:
<br />Lot Two (2), Saddle Club Subdivision, Washington Township, Hall County, Nebraska.
<br />The Property or its address is commonly known as 3618 East Bismark Road, Grand Island, NE 68801. The
<br />Property tax identification number is 400214873
<br />THIS ASSIGNMENT IS GIVEN TO SECURE Itl 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 emerged to receive the Rents free and clear of all rights, loans, liens, encumbrances, and cisims except as
<br />disclosed to and accapted by Lender in writing.
<br />Right to Assign. Grants, has the full right, power and authority to enter Into this Assignment and to assign and convey the Rents to
<br />I and.,.
<br />No Prior Assignment. Grantor has not previously assigned or conveyed the Rants 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 />cured under this Assignment, to collect and receive the Rents. For this purpose, Lender is hereby given and granted the following
<br />rights, powers and authority
<br />Notice to Tenants. Lender may and notices to any and all tenants of the Property advising them of this Assignment and directing all
<br />Rants to be paid directly to Lender or Lender's agent.
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