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<br />WHEN RECORDED MAIL TO:
<br />Wells Fargo Bank, National Association
<br />Attn: Collateral Prncessing - Rep 111
<br />730 2nd Avenue South, Suite 9000
<br />Minnea II MN 55479 FOR RECORDER'S USE ONLY
<br />20Q12996400290�090
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated October 6, 2p9p, is made and executed between GMD, L.L.C., a
<br />Nebraska Limited Liability Company, whose address is 335fi West Old Highway 30, Grand Island, NE 68803
<br />and Lacy Construction Company, a Nebraska Corporation, whose address is 3356 West Old Highway $Q,
<br />Grand Island, NE f$803 (referred to below as "Grant�r") and Wells Fargo Bank, National Associatian, whose
<br />address is 304 W. 3rd Street. Grand Island, NE 68809 (referred to below as "Lender").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a oantinuing security interest in, and
<br />canveys to Lender all of Grantor's right, title, and in#erast in and to the Rents from the following described
<br />Property located in Hall County, State of Nebraska:
<br />Lot One ( �►. Lacy Second Subdivision, in the City of Grsnd Island, Hall County, Nebraska
<br />The Property or its address is commonly known as 3317 Island Circle and 3319-3329 Island Circle, Grand
<br />Island, NE 68803. The Property tax identification number is 400094657.
<br />CROSS-COLLATERAI.IZATIbN. In addition ta tha Note, this Assignment secures all obligations, debts and Iiabilities, plus interest thereon,
<br />of either Grentor or Borrower to Lender, or any pne or more of them, as well as all claims by Lender against Borrower and Grantor or any
<br />one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whethar voluntary
<br />or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated,
<br />whether Borrower ar Grantor may be liable individually or jointly with others, whether obligeted as guarantor, surety, accommodation party
<br />or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether
<br />the obligation to repay such amounts may be or heresfter may become otherwise unenforceable.
<br />THIS ASSIGNMEN7 15 GIVEN TO SECURE (1) PAYMEN7 OF THE INDEBTEDNESS AND �2) PERFQRMANCE OF ANY AND ALL
<br />OBLIGATIONS QF BORFiOWER ANP GRANTOR UNDER THE NOTE, THI5 ASSIGNMENT, AND THE RELATED DOCUMENTS. THI$
<br />ASSIGNMENT IS GIVEN AND ACCEP1'ED ON THE FOLLOWING TERMS:
<br />GRANTpR'S WpIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any pther
<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 tv 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 />BORROWER'S WAIV�RS 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 withvut limita#ion 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 />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 dua, and shall strictly perform all of Grantar's obligations under this Assignment.
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