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201209637
<br /> ASSIGNMENT OF RENTS
<br /> Loan No: 81001701 (ContinUed) Page 4
<br /> Successors and Assigns. Subject to any limitatinns stated'm this Assignment on transfer of Grantor's interest,this
<br /> Assignment shall be binding upon and i�ure to the benefit of the parties, their successors and assig�s. ff
<br /> ownership of the Property becomes vested in a.person other than Grantor,Lender,without notice to Grantor,may
<br /> deal with Granmr's successors with reference to this Assignment and the Indebtedness by way of forbearance or
<br /> extension without releasing 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. AII parties to this Assignment hereby waive the rigM to any jury trial in any ac4ion,proceed'mg,or
<br /> counterclaim brought by any party against any other party.
<br /> Waiver of Homestead Exemption. Grantor here6y releases and waives all rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as to afl Indebtedness secured 6y this Assignment.
<br /> Waiver of Right of Redemptioo. NOTWITHSTANDING ANY OF THE PROVI$IONS TO THE CONTRAFiY
<br /> CONTAINED IN THIS ASSIGNMENT,GRANTOR HEREBY WAIVES ANY AND ALL RIGHTS OF REDEMPTION FROM
<br /> SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSURE ON GRANTOR'S BEHALF AND ON BEHALF OF
<br /> EACH AND EVERY PERSON,EXCEPT JUDGMENT CREDITORS OF GRANTOR,ACQUIRING ANY INTEREST IN OR
<br /> TITLE TO THE PROPERTY SUBSEQUENT TO THE DATE OF THIS ASSIGNMENT:
<br /> DEFINITIONS�. The following capitalized words and terms shall have the following meanings when used in this
<br /> Assignment. Unless specifically stated to the contrary,all references to dollar amounts shall mean amounts in lawful
<br /> money of the United States of America. Words and 4erms used in the singular shall include the plural, and the plural
<br /> shall include the singular,as the conteM may require. Words and terms not otherwise defined in this Assignment shall
<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 /> 6e amended or modified from time�to time,together with all exhibits and schedules attached to Yhis ASSIGNMENT
<br /> OF RENTS from fime to time.
<br /> Borrower. The word"Borrower"means LEO C LISKE and MAXINE M LISKE.
<br /> Default. The word."Default"means the Default set forth in.this Assignment in the section titled"Defauit".
<br /> EveM of Defauk. The woYds"Event of Default"mean any of the events of default set forth in this Assignment in
<br /> the�default section of this Assignment.
<br /> Grarrtor. The word"'Grantor"means LEO C LISKE and MAXINE M LISKE.
<br /> Guararrty. The word"Guaranty"means the guaranty from guarantor,endorser,surety,or accommodation party to
<br /> Lender,including withouT limitation a guaranty of all or part of the Note.
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and other amou�ts, 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 discharge Grantor's obligations or expenses incurred by Lender to enforce Grantor's obligations under
<br /> this Assignment, together with interest on such amounts as provided in this Assignment. Specifically, without
<br /> limitation,Indebtedness includes the future advances set forth in the Futu�e Ad�ances provision,together with all
<br /> interest thereon and aIl 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 "�Nofe" means the promissory note dated November 14, 20T2, In th2 original principal
<br /> amount of S 179,336.42 from Grentor to Lender,together with aU renewals of,extensions of,modifications
<br /> of,refinancings of,consolidations of,and sutrstitutions for the 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 this Assignment.
<br /> Related Documents. 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 all other instruments, agreements and documents, whether now or hereafter
<br /> e�sting,executed in connection with the Indebtedness.
<br /> Rents. The word"Fients"means all of Grantor's present and future rights,title and interest in,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,profits and proceeds from the Property,
<br /> and other payments and benefits derived or to be derived irom such leases of every kind and natare,whether due
<br /> now or later,including without limitation Grantor's right to enforce such feases and to receive and collect payment
<br /> and proceeds thereunder.
<br /> THE UNDERSIGNED ACKNOWLEDGES HAVfNG READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS
<br /> DOCUMENT IS EXECUTED ON NOVEMBER 14,2012.
<br /> GRANTOR:
<br /> X J°i�°G �. ��L.O�
<br /> LEO C LISKE
<br /> X �' I Q-�-^-�wt,.'�7_�2.-c.r�-
<br /> MAXINE M LISKE
<br />
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