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Loan No: 101268248
<br />ASSIGNMENT OF RENTS
<br />(Continued)
<br />201304705
<br />Page 8
<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 />unenforceebllity 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 shell be binding upon and Inure to the benefit of the parties, their suvoeesors and insigne, If
<br />ownership of the Property becomes vested In a person other then 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 thls Assignment or liability under the Indebtedness.
<br />Time Is of the Essenoe. Time Is of the essence In the performance of this Assignment,
<br />Waiver of Homestead Exemption. Grantor hereby releases end waives ell rights end benefits of the homestead
<br />exemption laws of the State of Nebraska as to all indebtedness secured by thls Assignment.
<br />Waiver of Right of Redemption. NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY
<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 terms used in the singular shall Include the plural, and the plural
<br />shall include the singular, as the context may require. Words end 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 thie ASSIGNMENT OF RENTS may
<br />be amended or modified from time to time, together with ell exhibits and schedules attached to this ASSIGNMENT
<br />OF RENTS from time to time.
<br />Borrower. The word "Borrower" means JOSE RENE GONZALEZ and ANA M GONZALEZ.
<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 JOSE RENE GONZALEZ and ANA M GONZALEZ.
<br />Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to
<br />Lender, including without limitations guaranty of all or pert 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 renewal. of, extensions of, modifications of,
<br />consolid • 1• , , a or Related Documents and any amounts expended or advanced by
<br />Lender tp tjgcherp �
<br />y� W'` '• i. or xpensee Incurred by Lender to enforce Grantor's obligations under
<br />this Aselgru* nt, t� rf AIWF4i+tsrer} on oh amounts as provided in this Assignment. Specifically, without
<br />limitation, .In •.;t. tl s . � advances set forth in the Future Advances provision of thls
<br />Assignment, together with a ntere Th . it.
<br />Lender. The word "Lender" means Five Points Bank, its suoceseore end assign..
<br />Note, The word "Note" means the promissory note dated June 12, 2013, In the original principal amount
<br />of $87,671.00 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" means ell of Grantor's right, title and Interest In end to all the Property es
<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, asourity agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and ell 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 'ell present and future bases, including, without limitation, all rents, revenue, income, Issues, royalties,
<br />bonuses, s000unts receivable, cash or security deposits, advanoe rentals, profits end 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.
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