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201210847
<br /> ASSIGNMENT OF REIVTS
<br /> Loan No: 8100'1866 (Continued) Page 4
<br /> Assignment shail 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 and the Indebtedness by way of Porbearance 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. All parties fo this Assignment herehy waive the right to any jury trial in any action,proceeding,or
<br /> counterclaim brought by any party against any other paety.
<br /> Waiver of Homestead Exerription. Grantor hereby releases and waives all rights and benefits of the homestead
<br /> exemption laws of the State of Nebraska as m all Indebtedness secured by this Assignment. .
<br /> DEPINITIONS. The following capitalized words and ierms shali have the following meanings when used in this
<br /> Assignment. Unless specifically stated to the contrary,all references to doilar amouots shall mean amounts in lawful
<br /> money of the United States of America. Words and terms used in the singulai shall include tlie piural,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 the Uniform Commercial Code:
<br /> Assignment. The word "Assignment"means this ASSIGNMENT OF RENTS,as this ASSIGNMENT OF RENTS may
<br /> be a�mended or modified from time to time,together with all exhibits and schedules attached to this ASSIGNMENT
<br /> OF RENTS from.time to iime. �
<br /> Borrower: The word"Borrower"means WWG PROPERTIES,VNC..
<br /> Defiauh. The word"Default"means the Default set fiorth in this Assignment in the section titled"Default"..
<br /> Event of Default. The words"cvent 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"GranYor"means WING PROPERTIES,INC..
<br /> Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the
<br /> Indebtedness.
<br /> Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a
<br /> guaranty of all or part of the Note.
<br /> Indehtedness. The word "Indebiedness" means all principal, interest, and other amounts, costs and expenses
<br /> payable under the Note or Related Documents, together with all renewals of, e�ensions of, modificatiens 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 /> tYiis Assignment, together with iMerest on such amounts as provided in this Assignment. Specifically, without
<br /> limitation,Indebtedness includes the future advances set forth 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 Equita6le Bank,its successors and assigns.
<br /> Note. The word "Note" means the promissory note dated December 14, 2012, In th0 original principal
<br /> amount of 5457,5�0.00 from Grantor to Lender,together with all renewals of,extensions of,modifications
<br /> of,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 and to all the Property as
<br /> described in the"AssignmenY'section of this Assig�ment.
<br /> Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br /> agreements, environmental agreements, guaranties, szcuriiy agreements, mortgages, deeds of trust, security
<br /> deeds, collatera! mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br /> existing,executed in connection with the Indebtedness.
<br /> Rents. The word"Rents"means all of Grantor's present and future rights,tiile 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 from such leases of every kind and nature,whether due
<br /> now or later,including without limitation Grantor's rigFit to enforce such leases and to receive and collect payment
<br /> and proceeds thereunder.
<br /> THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF TH1S ASSIGNMENT, AND NOT
<br /> PERSOSNALLY SUT AS AN AUTHORIZED S1GN.ER,HAS CAUSED THIS ASSIGNMENT TO BE SIGNED AND EXECUTED �
<br /> ON BEHALF OF GRANTOR ON�ECEMSER 14,2012.
<br /> GRAEVTOR:
<br /> WING PROPERTIES,INC. -
<br /> By: S�� " � _"`..�—...
<br /> DEAN R�_�of WWG PROPERTIES,WC.
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