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<br />Loan No: 101253367
<br />ASSIGNMENT OF RENTS 2 Q12 0 4 2 6 9
<br />(Continu�d)
<br />Page 5
<br />Notices. Any notice required to be given under this Assignment shall be given in writing, and shall be effective
<br />when actually delivered, when actually received by telefacsimile (unless otherwise required by Iew1, when
<br />deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as
<br />first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this
<br />. Assignment. Any party may change its address for notices under this Assignment by giving formal written notice
<br />to the other parties, specifying thet the purpose of the notice is to change the party's address. For notice
<br />° purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise
<br />provided or requ(red by law, if there is more than one Grantor, any notice given by Lender to any Grentor is
<br />deemed to be notice given to all Grantors.
<br />Powers of Attorney. The verious agencies end powers of attorney conveyed on Lender under this Assignment are
<br />grented for purposes of security end may not be revoked by Grentor until such time es the same are renounced by
<br />Lender.
<br />Saverabiltty. If a court of competent jurisdiction finds any provision of this Assignment to be illegal, invelid, or
<br />unenforceable as to any person or circumstance, that finding shell not meke the offending provision illegal, invalid,
<br />or unenforceable as to any other person or circumstance. If feasible, the offending provision shall be considered
<br />modified so that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall
<br />be considered deleted irom this Assignment. Unless otherwise required by law, the illegality, (nvalfdity, or
<br />unenforceability of eny provision of this Assignment shall not affect the legality, validity or enforceability of any
<br />other provision of this Assignment.
<br />Successors and Assigns. Subject to any limitations stated 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 and assigns. If
<br />ownership of the Property becomes vested in a person other than Grantor, Lender, without notice to Grantor, may
<br />deal with Grantor's successors with reference to this Assignment end the Indebtedness by way of forbearance or
<br />extension without releasing Grantor from the obligetions of this Assignment or liability under the Indebtedness.
<br />T(me is of the Essence. Time is of the essence in the performence of this Assignment.
<br />Waiver of Homestead Exemption. Grentor hereby releases and waives all rights and benefits of the homestead
<br />exemption laws of the State of Nebraska es to all Indebtedness secured by this Assignment.
<br />DEFINITIONS. The following cepitalized words and terms shall have the following meanings when used in this
<br />Asaignment. Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts in lewful
<br />money of the United States of America. Words and terms used in the singular shell include the plural, and the plural
<br />shall include the singular, as the context mey require. Words and terms not otherwise defined in this Assignment shall
<br />have the meanings ettributed to such terms in the Uniform Commerciel Code:
<br />Assignment. The word "Assignment" means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may
<br />be amended or modifisd from time to time, together with ell exhibits and schedules attached to this ASSIGNMENT
<br />OF RENTS trom time to time.
<br />Borrower. The word "Borrower" means LEOPOLDO GUERRERO.
<br />Defauk. The word "Default" means the Defeult set forth in this Assignment in the section titled "Default".
<br />Event of Default. The words "Event of Default" mean any of the events of default set forth in this Assignment in
<br />the default section of this Assignment.
<br />Grantor. The word "Grentor" means LEOPOLDO GUERRERO and ANGELICA GUERRERO.
<br />Guaranty. The word "Guaranty" means the guaranry from guarantor, endorser, surety, or accommodatlon party to
<br />Lender, including without limitation a guaranty of all or part of the Note.
<br />Indets4adness. The ! word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br />payable under the Note or Related Documents, together with all renewels of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Grantor's obligations ar expenses incurred by Lender to enforce Grantor's obligations under
<br />this Assignment, together with interest on such amounts as provided in this Assignment. Specificelly, without
<br />limitation, Indebtedness includes the future advances set forth in the Future Advences provision of thls
<br />Assignment, together with all interest thereon.
<br />Lender. The word "Lender" means Five Points Bank, its successors and assigns.
<br />Note. The word "Note" means the promissory note dated May 22, 201 Z in the original principal amount
<br />of 56 ,127.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement.
<br />Property. The word "Property" means all of Grentor's right, title end interest in and to all the Property as
<br />described in the "Assignment" section of this Assignment.
<br />Related Documer�. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and ell other instruments, egreements and documents, whether now or hereafter
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