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" ,4t r..;;::.~ ~' ~ ~ 200~1.S229 r; n o WHEN RECORDED MAil TO: Minnllllpolis LOlln Ope Center Attn: CoUateral Processing - Rep III 730 2nd Ave. South Suite 1000 Mlnn..Dolls. MN 55479 -" fold... ott?lb~~ -5q 200610897 .ilt:'? ;~ nn :::1:> m (I) n::I: ^ "'" .c= '" (f} c;:"'..) ,,--, c....:> 0-1 0 ,"T) --\: :z: el> f'\) ::J Xl f\ ;z-l -= -1m nr m ~_ c::= C) ~~ -<0 m r"\.) 0"'" <=> C. "'T'l ...... ""T1z <:;:> N. ::r.: rTl W a? fT1 (' ::n ~(::J ........ m .:3 r ;0 CJ ::J (/l r l> Ul ~ ...... en ...... :;>0: N l> N 3 C) -- -..] en CD CD en ~ 2 0 FOR RECORDER'S USE ONLY ~. CI c) '" ~ c: n :z ~~~ rl - 111111111111 ~ III~II 200007577721100090 ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated November 19, 2003, is made and executed between Toby S. Mohler and Stephanie D. Mohler, husband and wife, whose address Is 4104 Driftwood Drive, Grand Island, NE 68803; (referred to below as "Grantor") and Wells Fargo Bank Nebraska, National Association, whose address is 304 W 3rd St, Grand Island, NE 68801 (referred to below as "lender"). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to lender all of Grantor's right, title, and interest in and to the Rents; from the following described Property located in Hall County, State of Nebraska: Parcel # 1 EASTERLY ONE-FOURTH OF THE SOUTHERLY ONE-HALF OF BLOCK 9, OF WlNDOlPH'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, EXCEPT THE NORTHERLY 8 FEET THEREOF. Parcel # 2 lOT 1 IN BLOCK 10 OF BONNIE BRAE ADDITION TO THE CITY OF GRAND ISLAND, HAll COUNTY, NEBRASKA. The Property or its address Is commonly known as , 004 West Anna Street, Grand Island, NE 68803 and 1605 West 4th Street, Grand Island, NE 68803. The Property tax identification number is 400140098 & 400022567 THIS ASSIGNMENT IS GIVEN TO SECURE III PAYMENT OF THE INDEBTEDNESS AND 121 PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT. AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents. Grantor shall pay to lender all amounts secured by this Assignment as they become due. and shall strictly perform all of Grantor's obligations under this Assignment. 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, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents. provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in e bankruptcy proceeding, GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Lender, II1111111111I111111111111111111111111111111111111111111II111111111111111111111111111111111 U3466B153-01HW02 SATISFACTION/ASG US Recordil1ga