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<br />WHEN RECORDED MAIL TO:
<br />Wells Fargo Bank. National Association
<br />Attn: Collateral Processing - Rep III
<br />730 2nd Avenue South. Suite 1000
<br />Minneapolis, MN 55479
<br />
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<br />FOR RECORDER'S USE ONLY
<br />
<br />3 s. So
<br />
<br />
<br />200079849227600090
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />THIS ASSIGNMENT OF RENTS dated April 3, 2007, is made and executed between James Scott Zana,
<br />Trustee, whose address is 209 lakeside Dr., Grand Island, NE 68801 (referred to below as "Grantor") and
<br />Wells Fargo Bank, National Association, whose address is 304 W. 3rd Street, Grand Island, NE 68801
<br />(referred to below as "lender").
<br />
<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 />
<br />Second Amended Lot One (1), Block Nine (9), Continental Gardens Subdivision, City of Grand Island, Hall
<br />
<br />County, Nebraska.
<br />
<br />The Property or its address is commonly known as 2333 North Webb Road, Grand Island, NE 68803. The
<br />
<br />Property tax identification number is 400038226.
<br />
<br />CROSS-COLLATERALlZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of either Grantor or Borrower to Lender, or anyone or more of them, as well as all claims by Lender against Borrower and Grantor or any
<br />one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary
<br />or otherwise. whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated,
<br />whether Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor. surety, accommodation party
<br />or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether
<br />the obligation to repay such amounts may be or hereafter may become otherwise unenforceable.
<br />
<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 />
<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
<br />exercise of a power of sale.
<br />
<br />BORROWER'S WAIVERS AND RESPONSIBILITIES. Lender need not tell Borrower about any action or inaction Lender takes in connection
<br />with this Assignment. Borrower assumes the responsibility for being and keeping informed about the Property. Borrower waives any
<br />defenses that may arise because of any action or inaction of Lender, including without limitation any failure of Lender to realize upon the
<br />Property, or any delay by Lender in realizing upon the Property. Borrower agrees to remain liable under the Note with Lender no matter
<br />what action Lender takes or fails to take under this Assignment.
<br />
<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 />
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