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<br />WHEN RECORDED MAIL TO:
<br />GREAT WESTERN BANK
<br />Keamey
<br />2120 1st Ave
<br />Keamev. NE 68848 FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated December 1, 2011, is made and executed between
<br />O'Connor Residential, L.L.C.; A Nebraska Limited Liability Company (referred to below as
<br />"Grantor") and GREAT WESTERN BANK, whose address is 2120 1st Ave, Kearney, NE 68848
<br />(referred to below as "Lender").
<br />ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security
<br />interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents
<br />from the following described Property located in Hall County, State of Nebraska:
<br />A tract of land located in the Southeast Quarter of the Northeast Quarter (SE1/4 NE1/4) of
<br />Section Thirteen (13), Township Eleven (11) North, Range Ten (10) West of the 6th P.M.,
<br />Hall County, fVebraska, and more particularly described as follows: Commencing at the
<br />Southeast corner c�f said SE1/4 NE1/4, thence North a distance of 80 feet to the North line
<br />of Faidley Avenue and the point of beginning, thence continuing North on the East line of
<br />said SE1/4 NE1/4 a distance of 320 feet, also being the center of Webb Road; thence West
<br />parallel to the South line of said SE1/4NE1/4 a distance of 33 feet to the West line of Webb
<br />Road; thence continuing West parallel to South line of said SE1/4 NE1/4 a distance of 356
<br />feet; thence South parallel to said East line of SE1/4 NE1/4 a distance of 320 feet to the
<br />North line of Faidley Avenue; thence East on said North line of Faidley Avenue and parallel
<br />to the South line of said SE1/4 NE 1/4 a distance of 356 feet to the West line of said Webb
<br />Road; thence continuing on afore mentlon course a distance of 33 feet to the point of
<br />beginning, EXCEPTING a tract of land more particularly described in Warranty Deed
<br />recorded in the Register of Deeds OfFce as Document No. 94-108119
<br />The Property or its address is commonly known as 700 N Webb Road, Grand Island, NE
<br />68803.
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities,
<br />plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor
<br />or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of
<br />the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined,
<br />absolute or contingent, liquidated or unliquidated, whether Grantor may be liable individually or jointly with others,
<br />whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts
<br />may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />FUTURE ADVANCES. In additlon to the Note, this Assignment secures all future advances made by Lender to Grantor
<br />whether or not the advances are made pursuant to a commitment. Specifically, without limitation, this Assignment
<br />secures, in addition to the amounts specified in the Note, all future amounts Lender in its discretion may Ioan to
<br />Grantor, together with all interest thereon.
<br />THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY
<br />AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS.
<br />THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor
<br />shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly pertorm all of
<br />Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided
<br />below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and
<br />operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall
<br />not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that:
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