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<br />State of Nebraska
<br />
<br />Space Above This Line For Recording Data
<br />
<br />ASSIGNMENT OF LEASES AND RENTS
<br />
<br />DATE AND PARTIES. The date of this Assignment of Leases and Rents (Assignment) is
<br />02.03.2006 . The parties and their addresses are:
<br />ASSIGNOR: RUFF PROPERTIES, LLC, A LIMITED LIABILITY COMPANY
<br />55 PONDEROSA DR
<br />GRAND ISLAND, NE 68803
<br />
<br />D Refer to the Addendum that is attached and incorporated herein for additional Assignors.
<br />LENDER: SECURITY STATE BANK OF NORTH DAKOTA
<br />ORGANIZED AND EXISTING UNDER THE LAWS OF THE STATE OF NORTH DAKOTA
<br />6 SOUTH 8TH STREET
<br />NEW ROCKFORD, NO 58356
<br />
<br />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 Lender as additional security all the right, title and interest in the following
<br />(all referred to as Property).
<br />
<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 />
<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 />
<br />C. The term Property as used in this Assignment shall include the following described real property:
<br />LOT 24, SUNNY ACRES SUBDIVISION, GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />NEBRASKA ASSIGNMENT OF LEASES AND RENTS (NOT FOR FNMA. FHLMC, OR VA USE AND NOT FOR CONSUMER PURPOSES)
<br />Dr
<br />
<br />(page 1 of 7)
<br />
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<br />~rn @2001 Bankors Systems. Ino" St. Cloud. MN Form ASMT.REONT.NEO 511/2002
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