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<br />WHEN RECORDED MAIL TO:
<br />Minneapolis Loan Ops Center
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Ave. South Suite 1000
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<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated November 12, 2003, is made and executed between Donald D. Mehring,
<br />not personally but as Trustee on behalf of The Nancy A. Erwin Trust u/a dated June 23, 1989, whose address
<br />is 1043 Locust Street, Grand Island, NE 68801; and Donald D. Mehring, not personally but as Trustee on
<br />behalf of The John M. Mehring Trust u/a dated May 21, 1994, whose address is 1043 Locust Street, Grand
<br />Island, NE 68801; and Donald D. Mehring, not personally but as Trustee on behalf of The Elizabeth A. Erwin
<br />Trust u/a dated May 10, 1994, whose address is 1043 Locust Street, Grand Island, NE 68801; and Donald D.
<br />Mehring, not personally but as Trustee on behalf of The Christian S. Mehring Trust u/a dated January 20,
<br />1995, whose address is 1043 Locust Street, Grand Island, NE 68801; and Donald D. Mehring and Marilyn J.
<br />Mehring, husband and wife, whose address is 1043 Locust Street, Grand Island, NE 68801 (referred to below
<br />as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St, Grand
<br />Island, NE 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 />See Exhibit "A ", which is attached to this Assignment and made a part of this Assignment as if fully set
<br />forth herein.
<br />The Property or its address is commonly known as 3415 & 3425 West State Street, Grand Island, NE 68803.
<br />The Property tax identification number is 400037181 & 40037704
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Grantor may
<br />be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS
<br />ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
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<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated November 12, 2003, is made and executed between Donald D. Mehring,
<br />not personally but as Trustee on behalf of The Nancy A. Erwin Trust u/a dated June 23, 1989, whose address
<br />is 1043 Locust Street, Grand Island, NE 68801; and Donald D. Mehring, not personally but as Trustee on
<br />behalf of The John M. Mehring Trust u/a dated May 21, 1994, whose address is 1043 Locust Street, Grand
<br />Island, NE 68801; and Donald D. Mehring, not personally but as Trustee on behalf of The Elizabeth A. Erwin
<br />Trust u/a dated May 10, 1994, whose address is 1043 Locust Street, Grand Island, NE 68801; and Donald D.
<br />Mehring, not personally but as Trustee on behalf of The Christian S. Mehring Trust u/a dated January 20,
<br />1995, whose address is 1043 Locust Street, Grand Island, NE 68801; and Donald D. Mehring and Marilyn J.
<br />Mehring, husband and wife, whose address is 1043 Locust Street, Grand Island, NE 68801 (referred to below
<br />as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St, Grand
<br />Island, NE 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 />See Exhibit "A ", which is attached to this Assignment and made a part of this Assignment as if fully set
<br />forth herein.
<br />The Property or its address is commonly known as 3415 & 3425 West State Street, Grand Island, NE 68803.
<br />The Property tax identification number is 400037181 & 40037704
<br />CROSS- COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Borrower to Lender, or any one or more of them, as well as all claims by Lender against Borrower or any one or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Borrower or Grantor may
<br />be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether
<br />recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay
<br />such amounts may be or hereafter may become otherwise unenforceable.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL
<br />OBLIGATIONS OF BORROWER AND GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS
<br />ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti- deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent Lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
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