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ASSIGNMENT OF RENTS 2 � 1 2 0 4 7� 0 Loan No: 101253466 (Continued) Pege 2 not constitute Lender's consent to the use of cash collateral in a bankruptcy proceeding. GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants thet: 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 hes the full right, power end euthority to enter fnto this Assignment and to assign end convey the Rents to Lender. No Pdor Assignmerrt. Grantor has not previously assigned or conveyed the Rents to any other person by any instrument now in force. No Further Transfer. Grantor wlll not seti, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as provided in this Assignment. LENDER'S RIGHT TO RECEIVE AND COLLECT RENTS. Lender shall have the right et any time, and even though no default shall have occurred under this Assignment, to collect end receive the Rents. For this purpose, Lender is hereby given end granted the following rights, powers and authority: Notice to Tenants. Lender may send notices to eny and all tenents of the Property advising them of this Assignment and dlrecting all Rents to be paid directly to Lender or Lender's agent. Enter the Property. Lender mey enter upon and take possession of the Property; demand, collect end receive from the tenants or from eny other persons liable therefor, ell of the Rents; institute end carry on all legal proceedings necessary for the protection of the Property, including such proceedings es mey be necessary to recover possession of the Property; collect the Rents and remove eny tenant or tenants or other persons from the Property. Meintain the Property. Lender may enter upon the Property to maintain the Properry end keep the same in repair; to pay the costs thereof and of all services of all empioyees, including their equipment, and of ell continuing costs and expenses of maintainfng the Property in proper repair and condition, and aiso to pey all taxes, assessments end water utilities, and the premiuma on flre and other insurance effected by Lender on the Property. Compliance with Lewa. Lender may do any and all things to execute and comply with the laws of the State of Nebraska and elso all other laws, rules, orders, ordinances and requirements of all other governmentel egencies affecting the Property. Lease the Property. Lender may rent or lease the whole or any pert of the Property for such term or terms end on such conditions as Lender may deem appropriate. Employ Ager�ts. Lender mey engage such agent or egents as Lender may deem appropriate, either in Lender's name or in Grantor's name, to rent and manage the Property, including the collection and application of Rents. Other Acts. Lender may do all such other things and acts with respect to the Property es Lender may deem appropriate end may act exclusively and solely in the plece and stead of Grantor and to heve all of the powers of Grentor for the purposes stated above. No Requirement to Act. Lender shall not be required to do any of the foregoing acts or thinga, end the fact thet Lender shall have performed one or more of the foregoing acts or things shall not require Lender to do any other specific act or thing. APPLICATION OF RENTS. All costa and expenses incurred by Lender in connection with the Property shall be for Grantor's account and Lender may pay such costs and expenses from the Rents. Lender, in its sole discretion, shall determine the application of eny and all Rents received by it; however, any such Rents received by Lender which are not applied to such costs and expenses ahall be applied to the Indebtedness. All expenditures mede by Lender under this Assignment and not reimbursed from the Rents shall become a pert of the Indebtedness secured by this Assignment, and shall be payeble on demand, with interest at the Note rete from dete of expenditure until paid. FULL PERFORMANCE. If Grantor pays all of the Indebtedness when due end otherwise performs all the obligations imposed upon Grantor under this Assignment, the Note, and the Related Documents, Lender shell execute and deliver to Grantor a suitable satisfaction of this Assignment end suiteble stetements of termination of eny financing stetement on file evidencing Lender's security interest in the Rents end the Property. Any termination fee required by law shail be paid by Grantor, if permitted by epplicable law. LENDER'S EXPENDITURES. If eny action or proceeding is commenced that would materially affect Lender's interest in the Property or if Grentor fails to comply with any provision of this Assignment or eny Related Documents, including but not limited to Grentor's failure to discharge or pay when due any emounts Grentor is required to discharge or pey under this Aasignment or any Related Documenta, Lender on Grantor's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying ell texes, liens, security interests, encumbrances and other cleims, at any time levied or placed on the Rents or the Property end paying all costs for insuring, mainteining end preserving the Property. All such expenditures incurred or paid by Lender for such purposes will then bear interest et the rate cherged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payabte on demand; (B) be edded to the balence of the Note and be apportioned emong and be payable wtth any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the