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if 83- 004210 ASSIGNMENT OF RENTS KNOW ALL MEN BY TIlESE PRESENTS: - Thatwe , the undersigned, of the County of Hall ,State of Nebraska ,for and in consideration of One Hundred Fifty Eight Thousand and No/lOO-..--------------------Dollars, as a loan in hand paid to Bison Investors IV, Ltd. ~aHI~~}mh by the Commercial National Bank & Trust Company of Grand lalanS, Nebraska, a corporation, and other good and valuable consideration, the receipt whereof is hereby acknowledged, do hereby assign, transfer and set over to said Commercial National Bank & Trust Company, as collateral security for the duration of the loan, all the rents, income and pro- fits accruing upon the following described property, situated in the County of Hall, State of Nebraska, to-wit: Lot Nine (9). in Block Nine (9), in Continental Gardens, an Addition to the City of Grand Island, lIall County, Nebraska And we hereby authorize and empower the Commercial National Bank & Trust Company of Grand Island, Nebraska, its authorized agent:s and attorneys, to act: for us ,and rent: the above described premises, and in our place collect and receipt for said rent, at such prices and upon such terms as they may see fit. This assignment of rent being made for the express purpose of having said revenue applied to the repayment of the above mentioned loan. Said Commercial National Bank & Trust Company may, in its dis- cretion, use the rents so far as they may deem necessary, for the pur- pose of making such repairs upon the premises as, in its judgment, may be proper and may use said rents so far as necessary for the payment of insurance premiums and taxes upon said premises. It shall also have authority to deduct from said rents a fair compensation, to be payable to said Commercial National Bank & Trust Company agents, for services rendered in the collection of said rents; the balance to be applied upon the payment of monthly dues, interest and fines upon said loan, Dated at Gnu>d Island. Nebraska this 4th day of .August 1983 Witness: if~ J;-~__ ~-..t~""l .. ... ... ................ r