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CASH
<br />CHECK
<br />2
<br />WHEN RECORDED MAIL TO:
<br />Heritage Bank J' ,
<br />Hastings
<br />PO Box 349
<br />Hastings. NE 68901
<br />REFUNDS:
<br />CASH
<br />CHECK
<br />ID ED
<br />HALL . , i 7 i Nl_.
<br />111Z5 AP1'; A 10: 59
<br />DFEDS
<br />FOR RECORDER'S USE ONLY
<br />ASSIGNMENT OF RENTS
<br />THIS ASSIGNMENT OF RENTS dated March 31, 2025, is made and executed between LURAE
<br />PROPERTIES LLC, whose address Is 4357 Rodney Cir, Grand Island, NE 68803-1343; A
<br />Nebraska Limited Liability Corporation (referred to below as "Grantor") and Heritage Bank,
<br />whose address is PO Box 349, Hastings, NE 68901 (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 />The South Half (S1/2) of Lot (5), and all of Lot Six (6), in Block one (1), First Addition to
<br />the Village of Cairo, Hall County, Nebraska
<br />The Westerly Half (W1/2) of Lot Six (6), Block One Hundred Forty -Two (142) in Union
<br />Pacific Railway Co's Second Addition to the City of Grand Island, Hall County, Nebraska
<br />The Property or its address is commonly known as 509 Thebe St, Cairo, NE and 308 E 9th St,
<br />Grand Island, NE 68801.
<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 />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 perform 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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