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<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated November 19, 2003, is made and executed between Toby S. Mohler and
<br />Stephanie D. Mohler, husband and wife, whose address is 4104 Driftwood Drive, Grand Island, NE 68803;
<br />(referred to below as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304
<br />W 3rd St, Grand 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 />Parcel # 1
<br />EASTERLY ONE - FOURTH OF THE SOUTHERLY ONE -HALF OF BLOCK 9, OF WINDOLPH'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, EXCEPT THE NORTHERLY 8 FEET THEREOF.
<br />Parcel # 2
<br />LOT 1 IN BLOCK 10 OF BONNIE BRAE ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Property or its address is commonly known as 1004 West Anna Street, Grand Island, NE 68803 and
<br />1605 West 4th Street, Grand Island, NE 68803. The Property tax identification number is 400140098 &
<br />400022567
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) 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 />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 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.
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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
<br />Minneapolis MN 55479
<br />FOR RECORDER'S USE ONLY
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<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated November 19, 2003, is made and executed between Toby S. Mohler and
<br />Stephanie D. Mohler, husband and wife, whose address is 4104 Driftwood Drive, Grand Island, NE 68803;
<br />(referred to below as "Grantor ") and Wells Fargo Bank Nebraska, National Association, whose address is 304
<br />W 3rd St, Grand 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 />Parcel # 1
<br />EASTERLY ONE - FOURTH OF THE SOUTHERLY ONE -HALF OF BLOCK 9, OF WINDOLPH'S ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, EXCEPT THE NORTHERLY 8 FEET THEREOF.
<br />Parcel # 2
<br />LOT 1 IN BLOCK 10 OF BONNIE BRAE ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Property or its address is commonly known as 1004 West Anna Street, Grand Island, NE 68803 and
<br />1605 West 4th Street, Grand Island, NE 68803. The Property tax identification number is 400140098 &
<br />400022567
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) 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 />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 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.
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