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201206367
<br /> ASSIGNMEI�iT OF RENTS
<br /> Loan No: 81001024 (ContinuBd) Page 4
<br /> ownership of the Proper[y becomes vested in a person other than Grantor, Lender, without notice to Grantor, may
<br /> deal with Grantor°s successors with reference to this Assi.gnment and the Indebtedness by way of forbearance or
<br /> extension without reFeasing Grantor from the obligations of this Assignment or liability under the Indebtedness.
<br /> Time is of the Essence. Time is of the essence in the performance of this Assignment.
<br /> Waive Jury. All parties to this Assignment hereby waive the right to any jury trial in any action, proceeding, or
<br /> counterclaim brought by any party against any other party.
<br /> Waiver of Homesteatl Exemption. Grantor heteby releases and waives all rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as to all Indebtedness secured by this Assignment.
<br /> DEFINITIONS. The following capitalized words and terms shall nave the following meanings when used i�n this
<br /> Assignment. Unless specifically stated to the contrary, all references to dollar amourts shall mean amounts in lawful
<br /> money of the United States of America. Words and terms used in the singular shall include the plural, and the plural
<br /> shall include the singular, as the context may require. Words and terms not otherwise defined in this Assignment shall
<br /> . have the meanings attributed to such terms in ihe Uniform Commercial Code:
<br /> Assignment. Tfie word "Assignment" means this ASSIGNMENT OF RENTS, as this ASSIGNMENT OF RENTS may
<br /> be amended or modified from time to time, Yogeiher with all exhibits and schedules attached to tnis ASSIGNMENT
<br /> OF RENTS from time to time.
<br /> Borrower. Tne word "Borrower means LONGLEAF LLC.
<br /> Default_ The word "Default" means the Default set forth in this Assignment in the section titled "Default".
<br /> Event of Default. The words "Event of Default" mean any of tne events of defauli set forth in this Assignment in
<br /> the default section of this Assignment.
<br /> Grentor. The word "Grantor" means LONGLEAF LLC.
<br /> Guarantor. The word "Guarantor" means any guarantor, sureiy, or accommodation party of any or all of the
<br /> Indebtedness.
<br /> Guaranty. The word "Guaranty" means the guaranty from Guarantor ta Lender, incl:uding without limitation a
<br /> guaranty of all o�r part of the Note.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br /> payable under the Note or Related Documents, together with all renewals 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 d:ischarge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under
<br /> this Assignment, togethe.r with inierest on s�uch amounts as provided in this Assignment. Specifically, without
<br /> limitation, I�ndebtedness includes the future advances set fortn in the Future Advances provision, together with all
<br /> interest thereon and all amounts that may be indirectly secured by the Cross-Collateralization provision of this
<br /> Assignment.
<br /> Lender_ The word "Lender" means Equitable Bank,its successors and assigns.
<br /> Note. The word "Note" means tne promissory note dated July 31, 201 2, Ifl the original principal amount
<br /> of $1,595,000.0� firom Grantor to Lender, togetner with all renewals of, extensions of, modifications of,
<br /> refinancings ofi, consolidations of, and substitutions for tne promissory note or agreement.
<br /> Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as
<br /> described in the "Assignment" section of tnis Assignment.
<br /> Related Documents_ Tne words "Related Documents" mean all promissory notes, credit agreernents, loan
<br /> agreements, environmental agreements, guaranties, security agreements, mortgages> deeds of trust, security
<br /> deeds, collateral mortg:ages, and all other instruments, agreements and doeuments, whether now or hereafiter
<br /> existing, executed in connection with the Indebtedness.
<br /> Rents_ Tne word "Rents" means all of Grantor's present and future rights, title and interest i.rt, to and under any
<br /> and all present and future leases, including, without limitation, all rents, revenue, income, issues, royalties,
<br /> bonuses, accounts receivable, cash or security deposits, advance rentals, profiis and proceeds from the Property,
<br /> and other paymeMs and benefits derived or to be derived from such leases of every kind and nature, whether due
<br /> now or later, i:ncluding without limitation Grantor's �ig�ht to enforce such leases and to receive and collect payment
<br /> and proceeds thereunder.
<br /> THE UNDERSIGNED ACKNOWLEDGES HAVWG READ ALL THE PROVISIONS OF TH1S ASSIGNMENT, AND NOT
<br /> PERSONALLY BUT AS AN AUTHORIZED SIGNER. HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED
<br /> ON BEHA:LF QF GRANTOR ON JULY 39, 2092.
<br /> GRANTOR:
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<br /> LONGL �+fF LI�C
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<br /> By � � �:(�
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<br /> By.
<br /> MAFi�C J ALLEN
<br />
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