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0 Grand Island, NE ASSIGNMENT OF LEASES AND RENTS W I T N E S S E T H: FOR VALUE RECEIVED, Assignor hereby grants, transfers and assignV to Assignee the immediate and continuing right to receive and collect the rents, income and profits (collectively the "Rents ") arising out of or payable from the real property ( "Premises ") described as follows: See Exhibit "A" attached hereto and incorporated by reference herein, and all leases and agreements for the leasing, use or occupancy of the Premises, now heretofore or hereafter Entered into ( "Leases ") together with all guarantees therefor and all renewals and extensions thereof, together with all payments derived therefrom including, but not limited to, claims for the recovery of damages done to the Premises or for the abatement of any nuisance existing thereon, claims for damages resulting from default under said Leases whether resulting from acts of insolvency or acts of bankruptcy or otherwise, and lump sum payments for the cancellation of said Leases or the waiver of any obligation or term thereof prior to the expiration date and the return of any insurance premiums or ad valorem tax payments made in advance and subsequently refunded all for the purpose of securing the following (herein collectively referred to as the "Indebtedness Secured Hereby "): ONE. Payment of the indebtedness evidenced by that certain Note (including any extensions or renewals thereof) in the principal sum of three million six hundred thousand Dollars (3,600,000), dated of even date herewith, executed and delivered by the Assignor and payable to the order of Assignee, secured by a Deed of Trust ( "Deed of Trust ") of the same date from Assignor to Assignee covering the Premises, filed for record in the Office of the Register of Deeds of Hall County, Nebraska. Im W