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200311034 Space Above This Line For Recording Data ASSIGNMENT OF LEASES AND RENTS DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is August 15, 2003. The parties and their addresses are: ASSIGNOR: JIM NARBER A /K /A Jim D Narber Spouse of Donna Narber 1524 Stagecoach Rd Grand Island, Nebraska 68801 DONNA NARBER Spouse of Jim Narber husband and wife 1524 Stagecoach Rd Grand Island, Nebraska 68801 LENDER: PLATTE VALLEY STATE BANK &TRUST COMPANY Organized and existing under the laws of Nebraska 1451 North Webb Road Grand Island, Nebraska 68803 TIN: 47- 0343902 1. SMALL BUSINESS ADMINISTRATION. The Secured Debts secured by this lien were made under a United States Small Business Administration (SBA) nationwide program which uses tax dollars to assist small business owners. If the United States is seeking to enforce this Assignment, then under SBA regulations: A. When SBA is the holder of the Note, this Assignment and all documents evidencing or securing the Secured Debts will be construed in accordance with federal law. B. Lender or SBA may use local or state procedures for purposes such as filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using these procedures, SBA does not waive any federal immunity from local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or assert against SBA any local or state law to deny any obligation of Borrower, or defeat any claim of SBA with respect to the Secured Debts. Any clause in this Assignment requiring arbitration is not enforceable when SBA is the holder of the Note secured by this Assignment. 2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Assignment at any one time will not exceed $520,000.00. This limitation of amount does not include interest and other fees and charges validly made pursuant to this Assignment. Also, this limitation does not apply to advances made under the terms of this Assignment to protect Lender's security and to perform any of the covenants contained in this Assignment. 3. SECURED DEBTS. This Assignment will secure the following Secured Debts: A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and replacements. A promissory note, No. 254513 -100, dated August 15, 2003, from Jim Narber and Narber Enterprises, LLC (Borrower) to Lender, with a loan amount of $699,900.00. B. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Assignment. 4. ASSIGNMENT OF LEASES AND RENTS. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debts and Assignor's performance under this Assignment, Assignor assigns, grants and conveys to Lender as additional security all the right, title and interest in the following (all referred to as Property). A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for the use and occupancy of the Property, including any extensions, renewals, modifications or replacements (all referred to as Leases). Jim Narber Nebraska Assignment of Leases and Rents Initials NE/ 4XX28 3 3 30006 23 900003 87 201 608 1 503Y °1996 Bankers Systems, Inc., St. Cloud, MN 6c E- '" Page 1