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<br /> •` SPACE ABOVE THIS LINE IS FOR RECORDER'3 USE OlLY
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<br /> � ASSIGNMENT OF RENTS ��- ����
<br /> . c> THIS ASSIQNMENT OF RENTS IS DATED DEC�MBER 23, 1996, be4a�ueen MICIi�EL R FLODMIAN and DBBRA L .��..
<br />- � • FLODMAN,HUSHAND AND WIFE, wlwse eddreaa Is 3981 REUTING RD, GRAND ISLAND, NE 66808 (reterred �y,;.�
<br />-- �� - to bolow e� "Grantor"); and LlNI7ED NEBRASKA BANK, whoae addreaa la 700 N WG88 RD, PO B�OX 6018. �_.�._______
<br /> w.,,�. :;�•�, GRAND ISIAND, NE 68802(reQ�er�ed tv below es"Lender"). ="'"°"'
<br /> � " ASSIONMENT. For vetuaWe consideretbn, G�entor esal�n�, yeante a coMinuln� eecurity IMeres4 In� end Y
<br /> , . � � convey� to Lentl�r e11 of Grentor'a right, tiUe, and IMerest In and to the Fienb from the fopowinq de�erEbed
<br /> . ;.t;;,, Property loceted In HALL Couroty,Steto of Nebreake: _ --_ -- --
<br />- � LAT THREE (3�, EXCEPT THE EAST EIGHTY-NINE AND ONE-HALF FEET (89.5') THEREOF, AND ALL -- �
<br />�_��t�:;.;;•:. � ".� OF LOT FOUR (4), IN CHIEF INOf1STREES SUBDIVISION, M�1LL COUNTY, NEBHA�9SA. _
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<br /> The RQaI Property or ite addreaa is commonly known es 3981 REU'TING RD,GRANO ISLAND, HE 68803. me �?���
<br /> ,���:. �, ..• Reai Property lex tdentiflcalion number ls 4001648T0.
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<br />_ , DEFIPIITION8. The tollowinp words shali Fu►ve the fdlowing meaninys when usod In this Asslynmant. Terms not otherwise detined In Ihb P1��1 �„�:
<br /> � Asslgnment sheu heve the mennings ettributed to such terms In the Unliorm Commercinl Code. All references to dollar amounls shall meAn aniounts "�'`�=-�-=-
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<br /> In Iawtui money of the United States of America. .-i� ,, s.�;.".'f
<br /> � AsNpnmer►t. The word "ASSlpnmenP means fhis Pasipnment of Renta betwoen Grentor end Lender, and InCludes without IlmilaQon a0 �r,,,.o ;d::'"t�%
<br /> asslynments end secudty Interosl provlsions relatinp to the Renfs. � .'��,��� :a:i�+ �, .
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<br /> Event of Default. The words'gvont of Detault"mean and Include without Ilmitatlon any of the Events of Default set torth below in the secuon `�-�•=r�n.� M��:;::
<br /> titled'Evenls of Detuult" ,"`'� ' "'�"�':°.°�'
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<br /> Grentor.The word"(irantor"meens MICHAEL R FLOOMAN and DEBRA L FI.ODMAN. ' � �s' •
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<br /> ItWebt�dness. The word'Indebledness"means ell pdnclpal and Interest payable unde�the Note and eny amaunts expended or advnnced by '"�°i�¢:
<br /> ' Lender to discharpe oblifletlons o}Gr�ntor a expenses Incurced by Lender to enlorce oblipadons of Orantor under thls Asslpnrt�nt,topelher . �� •�^'•
<br /> with interest on such emounts ao proNded in thls Ass�pnmunt. In addlNon to the Note,ihe wwd 9ndebtedness'Includo�all obllpadons,dabts ••
<br /> end Ilebluues,plus Interest thereon, of Orantor to Lender,or any one or mae of Ihem,as well as all cleims by Lender agalnst OrAnta,or flny ` .
<br /> �_ __-_ ...e,.. .N,,,e..f��... �,he�ne.MW CMGHM N}IG�oOMN OlIGIM ur►uthar rntamd cr unrdatad fn Iha numesa of tha Nota.whaU�or�duntnrv or _ __ _-,-�,--�---_-__---
<br /> - -.�_. ...__ _...._........_...� .._.. _�_..�_. ._.__.._. _ - .. ---- -
<br /> othorwlse,whether due or not due, absolute or continpent,Iiquldated or unAquldat�d and whether Grentor mey be Ilable Individually or Jointiy
<br />— � � wilh others, whether obllpated as puarentor or otherwlse,and whether recov�xy upon such Indebtednsss may be or herearter may bocome
<br /> ' tatuie of Ilmitatians, and whother suCh Indebtednoss may be or hereattor may become othorwisa unenfon:eabie. (Initid Fkro �
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<br /> � L dea. The word'Lando�'msans UNITED NEBRASKA BANK,Its successors and asslgns. ,
<br /> Noto. The word"Note"me8ns Ihe promissory note or Credit agreement detod DeCember 23, 1996, in the origlnel principal omount .. �
<br /> 04 557,922.33 from Grantor lo Lendor,topether�vlth all renewals ot,e;ctenslons of,modiflcatlons of,reflnnnCings of,consolldadon5 of,end • , '
<br /> � subslltutlons for iho promissory nole a agreemenL '
<br /> , i PropErty.The word"Proparty"means lhe roal proporty,and all Improvemenis thereon,dssCnbed ebove In tho'Assipnment"�6Ctlon.
<br /> � Reat Property.The words"Real Properiy'mean the properry,interests and rlghts deSCribed above in the"Property Definiiion"soction. �
<br /> Related DoCUmentB. The words "Related Dceuments' mean and Inciude without Ilmftatlon all promissory nates, credit agreements, loan
<br /> agreemenls,environmental agreemenls,guarenties,aecurity a4reements,mortgeges,deods of trust,and ull other Inshuments,apreements and
<br /> I documenls,whethor now or hereatter er.lsting,executed In connecBon wlth the Indebtedness. �
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