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<br /> WHEIV REGOB�bEm Mdl]L Tt7:
<br /> Equita6le Bank
<br /> [7iers Avenue Branch
<br /> PL3 Bax 7 Cx0
<br /> Grand is�and,B[E 688Q2-076Q F�Ft RECOB7�pE SE ONLY
<br /> ASSIGNMENT C7F FiEN�'S
<br /> ��Y
<br /> THiS ASS[GNNCENT OF REIVTS dated July 31, 2012, is made �'�xecuted between
<br /> LONGLEAF LL�, whose address is 3032{A/EST S7'OLLEY PARK Rb L•rU E, �F�AN� ISLAN�,
<br /> NE 68801; A Nebraska Limited Liability Gc�mpany (referred tn�ow as "Grantor'") and
<br /> Equitabl� Bank, wE�ose address is PC} Box 96i1, Grand is[an�lUE 688CD2-0'1�U (referred trs
<br /> betr,w as "Lendee"}.
<br /> R551GNMENT. �or valuable consideration,Crantor}� by as"signs,gra€rts a continuing security
<br /> interest in, artd ccrnveys Yo Lendsr altl of Grarrtor's ri title, ar�d interest in and to the Rents
<br /> from ths following dsscribed Prnperty located i � ou�nty,State af IVebraska:
<br /> lOT ONE {11, BLOCK E[GHT {8), REPIAT�NT[NEIVTAL �ORC9EriC5, AIV AC3tl�ITItSN 7CD
<br /> THE CI't"Y OF GRAN�ISLAND,!-IALL CO'�TY,NEBRAS9C�4
<br /> The Prdperty or its address is corromonl��wn as 3033 WEST STOLLEY PARK RD St11TE E,
<br /> GiiAND ISLAl�D,NE 688U1. T'he Pro�!l�ty tax iden#ification number is 400038935.
<br /> CROS5-ECILLATERALIZATION. ln add' Yo the Note, Yhis Assignrnent secures all ob(ig�tions, d9bt5 8nd IiBbilities,
<br /> plus interest thereon,of Granto€to Len�any one or rnore afi Yhem,as weli as all ciaims L�y Lender agAEr�sa Grantor
<br /> or any ane or more af them,wheth w existing or hereafter arisFng,wheYfier related or�[nreleted to the purpos�of
<br /> the No#e, mrhether voEuntary or g�i�i e, whethee due or not due, direct or indireet, determinec[ or undeterrnined,
<br /> absoEuTe or contingent, tiquidatf�a unliquideted, whether Granior msy be liable individually or j�ointly with others,
<br /> whether obligaYed as guaran�s�'AeYy,accommodation parCy ot otherwise,and whether recovery upon 5ueh amounts
<br /> may be or hareafter may b �Itbarred 6y any statu2e of limitations,and whether ihe ob[Fgati�n to repay sueh amounts
<br /> may be nr hereafCer ma e r�therwise unenfnrceable.
<br /> FllTURE ADVANCES In ddition to the f�ote,this Rsslgrtment secures all future advances rttade E�y Lender to Gwantor
<br /> whether or not t nees are made pursuani td a commrtmerit. Specifieally, without Iimitation,this Assignment
<br /> secures, Cn Q the amounts spec'rfSed in the Note, aii fuiure amounts Lender irt its discretCon may loan to
<br /> Granic�v,tog e wiih all interest thereon.
<br /> TH[S ASSIGNIVI NT IS G12/�N TO S�CU�t� (91 C'AYlUI�NT 0�TH�LNU�B7�bN�55 ANb €21 P�iiFORMAIVCE OF ANY
<br /> AND ALL�BLIC,ATIONS OF C,RANT6R C7N�ER THE EUOTE,THIS ASSIGIsIMEN�, Ali1.�THE RElJ1TED D�CIJMEAtFS.
<br /> THCS ASSIGIVNIEN7 C5 G[V�N 11N1�ACCEP7�U i3N 7H�POLLCIWI{SlG TERM5:
<br /> PAYNIENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any RelaYed�oct�ments,Cwrantor
<br /> shall pay tn L.ander all amourrtis secUred by this Assignment as thzy I�acnme due, and shail siricily perfnrrn aII nf
<br /> Crrantor's obligations�nder this Assignment. Unless and unti[Lender e.xercises fts right to callect the Rent5 as provided
<br /> below and sa 9ong as there is no rJefault under thls Assignment,Grantor may remaEn in possession and control of and
<br /> operate and manage the Property aod collect the Rents,provided that the granting of the right io collect the Rents shall
<br /> not constitute Lender"s consent to the use of cash co(lateral in a bankruptcy proceeding.
<br /> CrRANTOR`S REPRESENTATIflhIS ANi�WARRRNTIES. .f'xrantor warYan#5 thaY:
<br /> Ownership. Grantar is eriiitled to receive the Rent5 free and cleai of all�igftts, Ioans, liens.,encUmbtances,.artd
<br /> clairns except as cfiselosed to and accepted by Lender in writing.
<br /> Righf fo Rssign. Grantor has the full ri.ght,power and authority to enter into this Assignment and to assign and
<br /> convey the Rentsta Lender.
<br /> Na Prior Assignn�enf. C,rantor has not previously assigned or conveyed the Rents to any ofher perSon by any
<br /> instrument now in force. -
<br /> Na Furthe€Trans#er. C�rrantor wili not seEl,assign,encumber,or otherwise dispose ofi any af GranYor's rig[its in the
<br /> Rents except as provided in this Assignment.
<br /> LENC�E�t'S FiIGWT TO RECEIVE AN�CO��ECT RENTS. Lender shall have the right at any time, ane!even though na
<br /> defauEt shail have occurred under thi5 Assignment,to coitecY and receEve Che Rents. For thi5 gurpose,Lentier is hereby
<br /> given and granted tl�e following rights,powers and a€rthority:
<br /> Notice to Ter�ants. Lender mey send notices tn dny and all tenants of the Properry advising them of this
<br /> Assignmeni and directing al]Rents to 6e paid direcily ta Lender or Lender's agent.
<br /> Enter the Property. LyndBr may enFer upnn and take possessian crf the Properry;demen@,coilect end receive from
<br /> the Yenants or from any other persons liable iherefibr, all of the Rents;institute and carry on all]ega[proceedings
<br /> necessary for the prtltec'Yiorr of the Properry, including such proceedings as may be necessary to recover
<br /> possessiar�of the Property;c€�llect the Rents and remo�re any tenant oe tenants or other persons frorrt the Property.
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