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1. DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is
<br />07.31.2003 . The parties and their addresses are:
<br />ASSIGNOR: DAVID T. SCHROEDER and PATRICIA A. SCHROEDER, Husband and Wife
<br />305 SOUTH LOCUST
<br />GRAND ISLAND, NE 68801
<br />507.56.0609, 507.62.4823
<br />❑ Refer to the Addendum that is attached and incorporated herein for additional Assignors.
<br />LENDER: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802
<br />47- 0098350
<br />2. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment, Assignor
<br />irrevocably assigns, grants and conveys to Trustee, in trust for the benefit of Lender as additional security all the
<br />right, title and interest in the following (all referred to as Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use
<br />and occupancy of the Property, including any extensions, renewals, modifications or replacements (all referred to
<br />as Leases).
<br />B. Rents, issues and profits (all referred to as Rents), including but not limited to security deposits, minimum rent,
<br />percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other
<br />applicable taxes, insurance premium contributions, liquidated damages following default, cancellation premiums,
<br />"loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general
<br />intangibles, and all rights and claims which Assignor may have that in any way pertain to or are on account of the
<br />use or occupancy of the whole or any part of the Property.
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />THE WESTERLY 75 FEET 41NCHES OF LOTS ONE (1), TWO (2), AND THREE (3), IN CAMPBELLS SUBDIVISION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />NEBRASKA ASSIGNMENT OF LEASES AND RENTS (NOT FOR FNMA, FHLMC, OR VA USE AND NOT FOR CONSUMER PURPOSES) (Page 1 of 7)
<br />�j '" 02001 Bankers Systems, Inc., St. Cloud, MN Form ASMT- RENT -NE 2/25/2002
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<br />State of Nebraska
<br />Space, ,Above This Line For Recording eata
<br />ASSIGNMENT
<br />OF LEASES^ AND RENTS
<br />1. DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is
<br />07.31.2003 . The parties and their addresses are:
<br />ASSIGNOR: DAVID T. SCHROEDER and PATRICIA A. SCHROEDER, Husband and Wife
<br />305 SOUTH LOCUST
<br />GRAND ISLAND, NE 68801
<br />507.56.0609, 507.62.4823
<br />❑ Refer to the Addendum that is attached and incorporated herein for additional Assignors.
<br />LENDER: Heritage Bank
<br />Organized and existing under the laws of the state of Nebraska
<br />1333 North Webb Road
<br />P.O. Box 5138 Grand Island, NE 68802
<br />47- 0098350
<br />2. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment, Assignor
<br />irrevocably assigns, grants and conveys to Trustee, in trust for the benefit of Lender as additional security all the
<br />right, title and interest in the following (all referred to as Property).
<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use
<br />and occupancy of the Property, including any extensions, renewals, modifications or replacements (all referred to
<br />as Leases).
<br />B. Rents, issues and profits (all referred to as Rents), including but not limited to security deposits, minimum rent,
<br />percentage rent, additional rent, common area maintenance charges, parking charges, real estate taxes, other
<br />applicable taxes, insurance premium contributions, liquidated damages following default, cancellation premiums,
<br />"loss of rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights, general
<br />intangibles, and all rights and claims which Assignor may have that in any way pertain to or are on account of the
<br />use or occupancy of the whole or any part of the Property.
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />THE WESTERLY 75 FEET 41NCHES OF LOTS ONE (1), TWO (2), AND THREE (3), IN CAMPBELLS SUBDIVISION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />NEBRASKA ASSIGNMENT OF LEASES AND RENTS (NOT FOR FNMA, FHLMC, OR VA USE AND NOT FOR CONSUMER PURPOSES) (Page 1 of 7)
<br />�j '" 02001 Bankers Systems, Inc., St. Cloud, MN Form ASMT- RENT -NE 2/25/2002
<br />1'
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