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<br />WHEN RECORDED MAIL TO: ri'rJf .N6n fle--
<br />KllyBank National Association .see=.. beMw
<br />Mail Code: ID-56-PC-0125
<br />431 ParkCllntllr Blvd. - P.O. Box 5278
<br />Boise. 10 83705
<br />
<br />j1.5o
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />11111111111111111111111111111111111111111111111111111111
<br />
<br />*18180512220500000000010G14*
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />THIS ASSIGNMENT OF RENTS dated February 27, 2008, is made and executed between Grand Island Mobile
<br />Home Community, LLLP, Vested as: Grand Island Mobile Home Community Limited Partnership, A Colorado
<br />Limited Partnership, whose address is 2 West Dry Creek Circle, Suite 200, Littleton, CO 80120 (referred to
<br />below as "Grantor") and KeyBank National Association, whose address is 1675 Broadway, Denver, CO 80202
<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 County, State of Nebraska:
<br />
<br />All that portion of Lots 2 through 15, inclusive, lying East of the East boundary line of Bellwood Drive, in
<br />Matthews Subdivision and lying South of the Southerly boundary line of Roush Subdivision, all in the City
<br />of Grand Island, Hall County, Nebraska, according to the recorded plat thereof, And
<br />Lot 2, Burch Third Subdivision to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The Property or its address is commonly known as 2323 Bellwood Drive, Grand Island, NE 68801. The
<br />Property tax identification number is 400028883.
<br />
<br />CROSS-COllATERAlIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon,
<br />of Grantor to Lender, or anyone or more of them, as well as all claims by Lender against Grantor or anyone or more of them, whether
<br />now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or
<br />not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Grantor may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />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 GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOllOWING TERMS:
<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 />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 />
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
<br />
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens. encumbrances. and claims exceDt as
<br />disclosed to and accepted by Lender in writing. Return To: T - iYl i b~~S J
<br />
<br />First Nebraska Title
<br />
<br />Attn: Lisa
<br />
<br />2425 South 120th Street
<br />
<br />Omaha, NE 68144
<br />
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