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ASSIGNMENT OF RENTS 2 012 0�. �. 0 5
<br />Loan No: 101249434 (Continued) Page 2
<br />operate and manage the Property end 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:
<br />Ownership. Grentor is entitled to receive the Renta free and ciear of ell rights, loens, Ilens, encumbrences, and
<br />claims except es disclosed to and accepted by Lender in writing.
<br />Right to Assign. Grantor has the full r(ght, power and authority to enter into this Assignment and to essign and
<br />convey the Rents to Lender.
<br />No Prior Assignment. Grantor hes not previously asaigned or conveyed the Rents to any other person by eny
<br />instrument now in force.
<br />No Further Transfer. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the
<br />Rants except as provided in this Assignment.
<br />LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shell have the right at any time, end even though no
<br />default shall have occurred under this Asstgnment, to collect and receive the Renta. For this purpose, Lender is hereby
<br />g(ven and granted the following rights, powers end authority:
<br />Notice to Tenents. Lender mey send notices to eny end all tenants of the Property advising them of this
<br />Assignment end directfng all Rents to be peid directly to Lender or Lender's agent.
<br />Enter the Property. Lender may enter upon end take poasession of the Properry; demand, collect end recefve from
<br />the tenants or trom eny other persons liable therefor, all of the Renta; institute end carry on all legel proceedings
<br />necessary for the protection of the Property, including such proceedinga as mey be necessary to recover
<br />possession of the Properry; collect the Renta end remove any tenant or tenants or other persona from the Property.
<br />Maintain the Property. Lender may enter upon the Property to maintain the Property and keep the same in repair;
<br />to pay the costs thereof and of all services of ell employees, including their equipment, and of all continuing coats
<br />and expenses of ineintaining the Property in proper repair and condition, end also to pay ell taxes, assesaments and
<br />water utilities, and the premiums on fire and other inaurence effected by Lender on the Properry.
<br />Compliance with Laws. Lender may do eny and all things to execute end comply with the laws of the State of
<br />Nebreska and elso all other laws, rules, orders, ordinences and requ(rementa of ell other governmental agencies
<br />affecting the Property.
<br />Lease the Property. Lender mey rent or lease the whole or any part of the Property for such term or terms end on
<br />such conditions as Lender mey deem appropriate.
<br />Employ Agents. Lender may engage such agent or agents es Lender may deem appropriate, either in Lender's
<br />name or in Grantor's name, to rent and manage the Property, including the collection end application of Rents.
<br />Other Acts. Lender may do sll such other things and ects with respect to the Property es Lender may deem
<br />appropriate and may act excluaively end solely in the place and stead of Grentor and to have ell of the powers of
<br />Grentor for the purposes stated above.
<br />No Requirement to Act. Lender shell not be required to do any of the foregoing acts or things, and the fect that
<br />Lender shall have performed one or more of the foregoing acts or things shell not require Lender to do eny other
<br />specific act or thing.
<br />APPLICATION OF RENTS. All costs and expenses incurred by Lender in connection with the Property ahell be for
<br />Grantor's account and Lender may pay such costs and expenses from the Rents. Lender, in its sole discretion, sheli
<br />determine the application of eny and all Rents received by it; however, any such Rents received by Lender which ere
<br />not applied to such costs and expenses shall be applied to the Indebtedness. All expenditurea made by Lender under
<br />this Assignment and not reimbursed from the Rents shall become e part of the . Indebtedness secured by thia
<br />Assignment, and shell be payeble on demend, with interest et the Note rate from dete of expenditure until peid.
<br />FULL PERFORMANCE. If Grantor pays all of the Indebtedness when due and otherwlse performa all the obligations
<br />imposed upon Grantor under this Assignment, the Note, end the Related Documents, Lender shell execute and deliver to
<br />Grantor e suiteble satisfectton of this Assignment and suitable statements of termination of any financing stetement on
<br />file evidencing Lender's security interest in the Rents end the Properry. Any term(nation fee required by law shell be
<br />paid by Grantor, if permitted by applicable law.
<br />LENDER'S EXPENDITURES. If any action or proceeding ia commenced that would materially affect Lender's interest in
<br />the Property or if Grentor fails to comply with eny provision of this Assignment or any Related Documents, including but
<br />not limited to Grantor's failure to discharge or pay when due eny amounts Grantor la requlred to discharge or pey under
<br />this Assignment or any Related Documents, Lender on Grantor's behalf may (but ahall not be obUgated to) take any
<br />ection thet Lender deema appropriate, including but not limited to discharging or peying all taxes, Ilens, security
<br />interests, encumbrances and other claims, et any time levied or placed on the Rents or the Properry and paying all costs
<br />for insuring, maintaining and preserving the Property. All such expenditures incurred or paid by Lender for such
<br />purposes will then bear interest at the rate cherged under the Note from the date incurred or paid by Lender to the dete
<br />of repayment by Grantor. All such expenses will become a pert of the Indebtedness end, et Lender's option, will (A)
<br />be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any
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