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<br />Loan No: 101250661
<br />ASSIGNMENT O� RENTS
<br />(Continued)
<br />�01202�6�
<br />Page 5
<br />Notices. Any notice requlred to be given under this Assignment shall be given in writing, and shell be effective
<br />when actually delivered, when actually received by telefacsimile (unless otherwise required by law), when
<br />deposited with a netionally recognized overnight courier, or, if mailed, when deposited in the United States mail, as
<br />first class, certifled or registered mail postege prepeid, directed to the addresses shown near the beginning of thia
<br />Assignment. Any party may change its address for notices under thls Assignment by giving formal written notice
<br />to the other parties, specifying that the purpose of the notice is to change the party's eddress. For notice
<br />purposes, Grantor agrees to keep Lender tnformed at all times of Grantor's current address. Unleas otherwise
<br />provided or required by law, if there is more then one Grantor, any notice given by Lender to any Grentor is
<br />deemed to be notice given to all Grantors.
<br />Powars of Attomey. The various egencies end powers of attorney conveyed on Lender under this Assignment ere
<br />grented for purposes of security and may not be revoked by Grantor until such time as the same ere renounced by
<br />Lender.
<br />Severabiltty. If a court of competent jurisdiction flnds any provision of this Assignment to be illegal, invalid, or
<br />unenforceable as to any circumstance, that finding shall not make the offending provision illegel, invalid, or
<br />unenforceable as to any other circumstance. If feasible, the offending provision shall be considered modified so
<br />that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall be
<br />considered deleted from this Assignment. Unless otherwise required by law, the illegality, invalidity, or
<br />unenforceability of any provision of this Assignment shall not effect the legality, validity or enforceability of any
<br />other provision of this Assignment.
<br />Successors and Asslgns. Subject to any limitations steted in this Assignment on transfer of Grantor's interest, this
<br />Assignment shall be binding upon and inure to the benefit of the parties, their successors end assigns. If
<br />ownership of the Property becomes vested in a person other than Grantor, Lender, without notice to Grentor, may
<br />deal with Grantor's successors with reference to this Assignment and the Indebtedness by way of forbearance or
<br />extension without releesing Grantor from the obligations of this Assignment or Ilability under the Indebtedness.
<br />Time is of the Essence. Time is of the essence in the performance of this Assignment.
<br />Waiver of Homestead Exemptlon. Grantor hereby releases and weives all rights and benefits of the homesteed
<br />exemption laws of the Stete of Nebraska es to all Indebtedness secured by this Aasignment.
<br />DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this
<br />Assignment. Unless specificatly stated to the contrary, all references to dollar emounts shall mean amounts in lawful
<br />money of the United States of Americe. Words and terms used in the singular shall inciude the plural, and the plurai
<br />shell inciude the singular, as the context may require. Words and terms not otherwise defined In this Assignment shell
<br />have the meanings attributed to such terms in the Uniform Commercial Code:
<br />Assignment. The word "Assignment" means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may
<br />be amended or modified from time to time, together with all exhibits and schedules ettached to this ASSIGNMENT
<br />OF RENTS from time to time.
<br />Borrower. The word "Borrower" means LANE HOME IMPROVEMENTS & CONSTRUCTION LLC, LANE B
<br />LEISINGER end JENNIFER LEISINGER.
<br />Defauk. The word "Defeult" means the Defeult set forth in this Assignment in the section titled "Default".
<br />Event of Defeult. The words "Event of Defeult" mean eny of ths events of defeult set forth in this Assignment in
<br />the default section of this Assignment. �`
<br />GreMor. The word "Grantor" means LANE HOME IMPROVEIVIENTS.& G`dNSTRUCTION LLC. '
<br />Guaranty. The word "Guaranty" means the guerenty from guarentor; endor�er, �urety, or accommodation perty to
<br />Lender, including without limitation a guaranty of all or pert of the Note. ��°""--
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs end expenses
<br />payable under the Note or Releted Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and eny amounts expended or advenced by
<br />Lender to discherge Grentor's obligations or expenses incurred by Lender to enforce Grentor's obligetions under
<br />this Assfgnment, together with interest on such amounts as provided in this Assignment. Specifically, without
<br />limitetion, Indebtedness includes the future edvances set forth in the Future Advances provision of this
<br />Assignment, together with ell interest thereon.
<br />Lendar. The word "Lender" means Five Points Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated March 20, 2012 in the original principal amount
<br />Of $26,862.31 from Borrower to Lender, together with ell renewals of, extensions of, mod(fications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all of Grantor's right, title and interest in end to all the Property as
<br />described in the "Assfgnment" section of this Assignment.
<br />Related Documents. Tha words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
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