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201301888
<br /> ASSIGNMENT OF RENTS
<br /> Loan No:81002501 {Continued) Page 4
<br /> Severability. If a court of competent jurisdiction finds any provision of this Assignment to be illegal, Invalid, or
<br /> unenforceable as to any person or circumstance,that finding shall not make 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 from this Assignment. Unless otherwise required by law, the illegality, invalidity, or
<br /> unenforceability of any 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 and the Indebtedness by way of forbearance or
<br /> extension without releasing Grantor from the obligations of this Assignment or[lability 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 Homestead Exemption. Grantor hereby 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 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 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 the Uniform Commercial Code:
<br /> Assignment. The word"Assignment"means this ASSIGNMENT OF RENTS,as this ASSIGNMENT OF RENTS may
<br /> be amended or modified from time to time,together with all exhibits and schedules attached to this ASSIGNMENT
<br /> OF RENTS from time to time.
<br /> Borrower. The word"Borrower"means SCOTT C LANE and CINDRA K LANE.
<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 the events of default set forth in this Assignment in
<br /> the default section of this Assignment.
<br /> Grantor. The word"Grantor"means SCOTT C LANE and CINDRA K LANE.
<br /> Guaranty. 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 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 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 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 the promissory note dated March 11,2013,in the original principal amount
<br /> of $64,150.00 from Grantor 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" moans 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 /> existing,executed in connection with the Indebtedness.
<br /> Rents. The word"Rents"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 from such leases of every kind and nature,whether due
<br /> now or later,including without limitation Grantor's right to enforce such leases and to receive and collect payment
<br /> and proceeds thereunder.
<br /> THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT. THIS
<br /> DOCUMENT IS EXECUTED ON MARCH 11,2013.
<br /> GRANTOR: r�
<br /> X LiAt; 4.1
<br /> SCOTT C LANE
<br /> X /4/ii./124--/1//1-C2‘1A-54----"
<br /> CINDRA K LANE
<br />
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