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�r— rte, C�h C-#-, CDP _4 03 �yN rNO -� M ca 4�-° CD `�1 ^� ter. C n J 3W dig 9 M r rn CO) M C111 1'7'1 CO) WHEN RECORDED MAIL TO: c� Wells Fargo Bank, National Association 2 0 0 5 0 8 6 4 q San Antonio BBG Loan Operations PO Box 659713 San Antonio, TX 78265 _ _ FOR RECORDER'S USE ONLY M i Er rah r IIIIIIIIIIIIIIIIIIII �� ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated August 26, 2005, is made and executed between LPJ Limited Partnership Association, whose address is 1166 Cobblestone Court, Fort Collins, CO 80525 (referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 3600 S. College Avenue Suite 201, Fort Collins, CO 80525 (referred to below as "Lender "). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in Hall County, State of Nebraska: The Southerly Two Hundred (200) feet of Lot Thirteen (13), Menard Second Subdivision, in the City of Grand Island, County of Hall, State of Nebraska The Property or its address is commonly known as 2135 Diers Avenue, Grand Island, NE 68802. CROSS -COL LATERAL IZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Lender. No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force. rte, C�h C-#-, CDP _4 rNO -� M ca CD `�1 ^� '�l C n � r�- �7 r:7 I— z,. ca 1 � Cx7 CO co .,.0 WHEN RECORDED MAIL TO: c� Wells Fargo Bank, National Association 2 0 0 5 0 8 6 4 q San Antonio BBG Loan Operations PO Box 659713 San Antonio, TX 78265 _ _ FOR RECORDER'S USE ONLY M i Er rah r IIIIIIIIIIIIIIIIIIII �� ASSIGNMENT OF RENTS THIS ASSIGNMENT OF RENTS dated August 26, 2005, is made and executed between LPJ Limited Partnership Association, whose address is 1166 Cobblestone Court, Fort Collins, CO 80525 (referred to below as "Grantor ") and Wells Fargo Bank, National Association, whose address is 3600 S. College Avenue Suite 201, Fort Collins, CO 80525 (referred to below as "Lender "). ASSIGNMENT. For valuable consideration, Grantor hereby assigns, grants a continuing security interest in, and conveys to Lender all of Grantor's right, title, and interest in and to the Rents from the following described Property located in Hall County, State of Nebraska: The Southerly Two Hundred (200) feet of Lot Thirteen (13), Menard Second Subdivision, in the City of Grand Island, County of Hall, State of Nebraska The Property or its address is commonly known as 2135 Diers Avenue, Grand Island, NE 68802. CROSS -COL LATERAL IZATION. In addition to the Note, this Assignment secures all obligations, debts and liabilities, plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated whether Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts may be or hereafter may become otherwise unenforceable. THIS ASSIGNMENT IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND ALL OBLIGATIONS OF GRANTOR UNDER THE NOTE, THIS ASSIGNMENT, AND THE RELATED DOCUMENTS. THIS ASSIGNMENT IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS: PAYMENT AND PERFORMANCE. Except as otherwise provided in this Assignment or any Related Documents, Grantor shall pay to Lender all amounts secured by this Assignment as they become due, and shall strictly perform all of Grantor's obligations under this Assignment. Unless and until Lender exercises its right to collect the Rents as provided below and so long as there is no default under this Assignment, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents, provided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: Ownership. Grantor is entitled to receive the Rents free and clear of all rights, loans, liens, encumbrances, and claims except as disclosed to and accepted by Lender in writing. Right to Assign. Grantor has the full right, power and authority to enter into this Assignment and to assign and convey the Rents to Lender. No Prior Assignment. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force.