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.: , , . �: ` �� � a <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 <br />