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. ~\ ~ ~ ;lID m ~ ~~~ Ocn ~.x . '-"'" c:::> (") (lJ m Os;? <;..= ~j~ c:x:. 0.., 0 ~ icn =:3 c :t> Z --j N n:x: = ~fT1 :0 m '"- -= 0 t:9 ~ G - -<0 0 o ~ C) ~ .." N ~z en 0 ~ I fT1 co 2 ,.., --0 :t> co 0 m t en 1;:7 ::3 r ;;0 :ti Gn r~ w N (n C ::><:: -..J s: l> w m ..... ~, '-'" ...c; (n co ~ 00 z 0 ~ ~ K C/) N is is 00 is (.V -..J (.V co WHEN RECORDED MAil TO: Bank of the West 4321 20th Ave SW Farao, ND 58103 \D5D4~d313"1? FOR RECORDER'S USE ONLY '::.1'\ ("::> ~', ~ *105042237300000000180115* ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated February 6. 2008; is made and executed between WETZEL BROTHERS INVESTMENTS. INC.. whose address is 3515 N US HWY 281. GRAND ISLAND. NE 68803 (referred to below as "Grantor") and BANK OF THE WEST. whose address is 3301 W State St. Grand Island. NE 68803 (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: A tract of land comprising a part of the North 1/2 of the Northwest 1/4 of the Southwest 1/4 of Section 33. Township 12 North. Range 9 West of the 6th P.M.. Hall County. Nebraska. more particularly described as follows: Beginning at the Southeast corner of said North 1/2 of the Northwest 1/4 of the Southwest 1/4; thence running Northerly along the East line of said North 1/2 of the Northwest 1/4 of the Southwest 1/4 a distance of 197.59 feet; thence running Westerly and parallel to the South line of said North 1/2 of the Northwest 1/4 of the Southwest 1/4 a distance of 1.322.64 feet to a point on the West line of said North 1/2 of the Northwest 1/4 of the Southwest 1/4; thence running Southerly along the West line of said North 1/2 of the Northwest 1/4 of the Southwest 1/4 a distance of 197.59 feet to the Southwest corner of said North 1/2 of the Northwest 1/4 of the Southeast 1/4: thence running Easterly along and upon the South line of said North 1/2 of the Northwest 1/4 of the Southwest 1/4 a distance of 1.322.5 feet to the point of beginning. excepting therefrom a strip of land condemned by the City of Grand Island, Nebraska, and recorded in miscellaneous record book "S". at page 166 in the Register of Deeds office. The Property or its address is commonly known as 3515 NUS HWY 281, GRAND ISLAND, NE 68803-9312. The Property tax identification number is 400187256. FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances made by Lender to Grantor whether or not the advances are made pursuant to a comrnitrnent. Specifically, without lirnitation, this Assignment secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may loan to Grantor, together with all interest thereon. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) 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 Assignrnent. 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 IIY4-'l1 <eooo -Of