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<br />WHEN RECORD�D MAIL TO:
<br />Equitahle Bank
<br />North Lncust Branch � � �
<br />113-9 7 5 N Locust St
<br />PO Box 160
<br />Gran Islan NE 8802- 160 FOR RECORDER'S USE OIYLY
<br />ASSIGNMENT DF RENTS
<br />THIS AS5IGNMENT QF RENTS datad October 29, 201Q, is made and executed between ROBERT D RIEDY,
<br />whose address is 432 PONDEROSA DR, GRAND ISLAN�, NE 6$803 and KRISTIN M RIEDY, whose address is
<br />432 PONDEROSA DR, GRAND ISLAND, N� 68$p3; HUSBAND AND WIFE (referred to below as "Grantor")
<br />and Equitable Bank, whose address is 713-115 N Locust St, PO Bax 160, Grand Island, NE 68$02-016Q
<br />(referred to below as "Lender"►.
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and
<br />conveys to Lender all of Grantar's righ#, title, and interest in and ta the Rents from the following described
<br />Property located in MALL Coun#y, State of Nebraska:
<br />ALL QF TME SOUTH�RLY SEVENTY AND SIX TENTHS FEET (570.6► OF L,QT TEN (70►, IN BLOCK ONE (11,
<br />IN GILBERT'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, N�BRASKA
<br />AND
<br />LOT SIX (6►, IN BLOCK TEN (10), IN GILBERT'S ADDITION TO THE CITY QF GRAND ISLAND, HALL
<br />COUNTY, NE�RASKA,
<br />The Property or its address is commonly known as 10b4� W 12TH STR��T & 1p24 W 1pTH STRE�T, GRANp
<br />ISLAND, NE 688p1. The Property tax identification number is 400133Q67 & 40p133717.
<br />FUTURE ADVANCES. In addition to the Note, this Assignment secures all future advances mada by Lender to Grantor whether nr not the
<br />advances are mede pursuant to a commitment. Specifically, without limitation, this Assignment secures, in addition tn the amounts
<br />specified in the Note, all future amounts Lender in its discretion may loan to Grantor, toge#her with all interest thereon,
<br />THIS ASSIGNMEN7' IS GIVEN TO SECURE (1) RAYM�NT OF TWE INDE87EDNESS AND (2) PERFORMANCE OF ANY ANp ALL
<br />OBLIGATIONS QF GRANTOR UNbER THE NpTE, THIS ASSIGNMENT, AN� THE RELATED DQCUMENTS. THIS ASSIGNMENT IS GIVEN
<br />AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND pERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pey to Lender
<br />all amounts secured by this Assignment ss they become due, and shall strictly parform all of Grantor's obligations under this Assignment.
<br />Unless and until Lender exercises its right to collect the Rents as provided belaw 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, prvvided that the granting of
<br />the right to collect the Rents shall not constitute Lender's consent #a the use ot cash collateral in a bankruptcy proceeding.
<br />GRANTpR'S REPRESENTATIONS AND WARRANTI�S. Grantor warrants that:
<br />Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as
<br />disclosed to and accepted by Lender in writing,
<br />Right ta Asslgn. Grsntor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to
<br />Lender.
<br />No Prior Assignment. Grantnr has not previously assigned or conveyed the Rents #o any other person by any instrument now in force.
<br />No Further Tr�nsfer. Grantor will not sell, assign, encumber, ar otherwise disposa of any of Grantor's rights in the Rents except as
<br />provided in this Assignment.
<br />LENDER'S RIGH7 70 REGEIV� AND COLLECT RENTS. Lender shall have the right at any time, and even though no default shall have
<br />occurred under this Assignment, to collect and receive the Rents. �or this purpose, Lender is hereby givan and granted the following
<br />rights, powerx and authority:
<br />Notice to 7enants. Lender may send notices to any and all tenants nf the Property advising them of this Assignment and directing all
<br />Rents to be paid directly to Lender or Lender's agent.
<br />Enter the Property. Lender may enter upon and take possession of the Praperty; demand, collect snd receive from the tenants or from
<br />any other persons liable therefor, all of the Rents; institute and carry on all legal proceedings necessary for the protection of the
<br />Property, including such proceedings as may be necessary to recover possession of the Property; collect the Rents and remove any
<br />tenant or tenants or other persons from the Property.
<br />Maintain the Property. Lender may enter upon the Prbperty to maintain the Prbperty and keep the same in repair; to pay the costs
<br />thereof and of all services of all employaes, including their equipment, and of all continuing costs and expenses ot maintaining the
<br />Property in proper repair and condition, and also to pay all taxes, assessments and water utilities, snd the premiums on fire and other
<br />insurance effected by Lender on the Prnperty.
<br />Compliance with Laws. Lender may do sny and all things tn execute and comply with the lews of the State of Nebraska and also all
<br />othar laws, rules, orders, ordinancas and requirements of all other governmental agencies affecting the Prvperty.
<br />Lease the Praperty. Lender may rent or lease the whvle or any part of the Property far such term or terms and on such conditions as
<br />Lender may de�m appropriate.
<br />Employ Agents. Lender may angage such agent or agents as Lender may deem appropriate, either in Lender's name or in Grantor's
<br />name, to rent and manage the Property, including the collection and application of Rents.
<br />Other Acts. Lender may do all such other things and acts with respect to the Property as Lender may deem appr,�p/'�' te and may act
<br />exclusively and solely in the place and stead of Grantor and to have all of the powers nf Gran;qr"f�r�hehp�ptise$ sta�ld a6ove.
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