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I / '" 200603852 ASSIGNMENT OF REAL ESTATE CONTRACT uum__mmuum_m__mm____muuuumumm_m__mmuuuuuPage Two 5. In the event of a default by the Assignor in the performance of its obligations pursuant to any agreement secured hereby, or in the performance of any obligation in this assignment, the Bank shall be entitled, at its sole option and without notice, to declare all sums secured by this assignment to be immediately due and payable and may commence foreclosure of this assignment by judicial proceedings and to enter upon and take possession of the premises, to collect and receive the rents and apply the same, less costs of operation and collection, upon the indebtedness owned by the Assignor to the Bank, said rents and profits being hereby assigned to the Bank as further security for performance of all obligation secured hereby. Provided further that ifthe Assignor shall pay to Adams County Bank, Kenesaw, Nebraska, all of the sums of money borrowed from them in full, together with any sums which mayor might have become due hereunder, the Assignor shall be entitled to a written release from the bank ofthis assignment, however, until such time, this assignment shall remain in full force and effect as security for any debt owcd by the Assignor to the Bank. IN WITNESS WHEREOF, the Assignor has signed this agreement as of April 26 2006 ~,kl ~ -~~ COUNTY OF Adams ) ) ss: ) STATE OF NEBRASKA Nowon April 26 , 20 06 , before me, the undersigned Notary Public, personally came Brian M. Harrenstein and Amanda J. Harrenstein (husband and wife), and known to me to be the persons who executed the above Assignment of Real Estate Contract and acknowledged the same to be their voluntary act and deed. WITNESS my hand and Notartial Seal the date last above written. GENERAL NOTARY. State of Nebraska GAYUN R. PRIOR PIf Comm. Exp. April 25, 2008 \ ~t~P~ Notary Pub.