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. ��14�15�3 ASS�GN�Il�ENT �F RENTS Lvan No: 1�'I�7437� ��ontinued} Page � gorrawer and Gran�or are no�the same persvn, Lender need no�k sue 6orrower first, and that Barrawer need nat k�e jnined in any lawsuit. {3� The names g��en �❑ paragraphs ar sec�ians in �his Assignmen� a�e �or con�enience purposes ❑n�y.They are not ta be used t� inte�-pret vr define�he pro�isivns of�his Assignment. N❑ 1Naiver by Lender. Lender shal! nat be deemed �a ha�e waiWed any rights under this Assignmen� unless such wai�er is gi�en in wri�ing and signed by Lender. No deIay ar omissivn on fihe part o�Lender in exercising any right shal� opera�e as a wai�er af such righ� ❑r any ❑ther right, A wai�er by Lender a# a p�a�ision vf this Assignment shall no� prejudice or constitute a wai�er ❑f Lender's right vtherwise to dsmand stri�t compliance with that pra�isivn ❑r any vther pro�isian of�his Assignmen�. No privr v+raiWer hy Lender, nvr any cvurse ❑fi dealing between Lender and Granto�-, sha1� cons�itute a wai�er of any ❑� Lender`s righ�s or of any of Grantar's abiigations as�o any future �ransactians. Whene�er �he �onsenfi of Lende�- is required under this Assignment, �he gran�ting ofi such cansent by Lender in any instance shall not c�nstitute continuing consenfi to subsequent ins�ances where such consent is required and in all cases such cansent may be granted ❑r withheld in the sole discre�ion❑-�Lender. Nvtices. Any nn�ice required t❑ be gi�en under this Assignmen� shall be gi�en in writing, and shall be e�f�s�ti�e v�rhen ac�ually deli�ered, when actual�y recei�ed by �elefacsimile �unless o�herwise required by law}, when deposi�ed wi�h a nativnally re�ognized ❑Wernight caurier, vr, ifi ma€led, when deposited in the United 5�a�es mail, as �irst class, certified ❑r registered mail pos�age prepaid, direc�ed �o the addresses shvwn near�he beginning of this Assignment. Any party may �hange its address �ar na�ices under this Assignment Iay giving formal w�itten notice to the ofiher part�es, speci�ying that the purpose �f the notice is to change �he party's address. For notice purposes, Gran�or agrees fia k�ep Lende�- in�ormed a� all times ❑f Grantor's curren� address. Unless ❑therwise pra�ided vr required by law, if ther� is more than one Grantor, any not�ce given by Lender ta any Grantor is deemed to be notice gi�en ta all Grantars. Powers vf Attorney. The�arivus agencies and powers of attvrney con�eyed an Lender under fihis Assignment are gran�ed fo�-purposes ❑f security and may no�h� revoked by Grantor until such�ime as the same are renounced by Lend�r. 5everability. 1�F a court of �vmpeten��urisdiction �inds any prvWision D� �h15 Assignm�nt to be i�legal, in�alid, ar unenf�r�eahle as �o any circumstance, that finding shall no� mal�e the ❑�fending pro�isian illegal, in�alid, ❑r unen�oresable as to any other circumstance. l� �easible, �he offending provision shall he cansidered modi-�ied so �hafi it becvmes l�gal, �alid and enforceable. If �he offending prvvision canno� 1�e sv modified, it shall i�e conside�ed deZe�ed from this Assignment. Unless atherwise required by law, the ii�ega[ity, in�afidifiy, ❑r unen�orceability of any pro��sion ❑� this Assignment sha11 not affec� the legali�y, �alidity or en�or�eabili�y ❑f any vther pra�isi�n o�this Assignmen�. Su�cessors and Assigns. Sub�ect to any�imi�a-�ians s�a�ed in�his Assignmen�vn�ransfer❑�Gran�ar's interesfi,this Assignment shall he binding upon and inure to �he benefit of �he parties, their SUCCBSSDi'S and ass�gns. lf ownership vf the Property becomes�es�ed in a persan other than Grantvr, Lender, withvut natice to Gran�or, may dea� wi�h Gran�ar's succsssors with reference to thFs Assignment and the lndebtedness by way of farbearan�e ❑r � extension wifihou�re�easing �rantvr�ram the vbligations❑�F this�issignment or liabiii�y under the Indela�edness. . � � Time is af�he Essence. Time is❑�the essenc�in the per�ormance❑f�his Assignment. Wa��er of Homestead Exemption. Grantar hereby releases and wai�es all rights and benefi�s of �he homes�ead exemptian (aws of the 5ta�e o-F Nebraska as to all [ndeb�edness secured by fihis Assignmen�. Wai�e�' of Right of Redemption. N�TWITHSTAN�ING ANY ❑F THE PR�VIS10N5 TD THE CDNTRARY CONTA�NED 1N TH1S ASS[GNMENT, GRANT�R HEREBY WAIVES ANY AN�ALL R1GHT5 �F RE�EMPTIDN FF�O11lI SALE UNDER ANY DRDER 4R JU�GMENT QF F�RECLQSURE �N GRANT�R'S gEHALF AN�] flN BEHALF QF EACH AN❑ EVERY PERS�N, ExCEPT JLIDGMENT CREDIT�RS �F GRANTDR, ACQUIR�NG ANY INTEREST IN �R . TITLE T�THE PR�PERTY 5UB5EQUENT TD THE❑ATE DF THIS ASSIGNMENT. DEFINITI�NS. The �n[lowing �ap;talized words and �erms shall have the ��1ow3ng meanings when used in this � Assignment. Un�ess specifical�y stated to �he contrary, all re�erences to dollar amaun�s shall mean amoun�s in law�ul mvney o�the Uni�ed States a�f America. VVards and terms used in the singu[ar sha[� include the plural, and the pfurai shal[ inc�ud�the singular, as the con�ex�may require. Wards and terms not a�herwise defined in�his Assignmenfi shall have the meanings attributed tv such�kerms in the L]niform Commer�ial Code: Assignmenf. The word "Assignment" means this ASS[GNMENT aF RENTS, as �his ASS.I�NMENT OF RENTS may be amended vr modified f�om time�a�ime, �ogether with all exhihits and s�hedules attached�o this AS5IGNMENT �F RENTS fram time fio�ime. � 6orrvwer. The ward "Borrower" means �3aBESH FARMS, �NC.; and MICHAEL L I�DBESH. De#au[t. The ward "De�ault" means the aefaul�set fvrth in�his AssFgnment in the sec�ivn titled "�efaul�". Event vf D�fault. The words "Event ❑�f ❑efaul�" mean any of the e�ents of default set�orth in this Assignment in the default section of�his Assignment. i Grant�r. The word "Grantvr" means D�BESH FARMS, 1NC.. Guaran�y. The wo�-d "Cuaranty" means the guaranty tram guaranfiar, endorser, sure�y, or accommodation party fio � Lender, including withou��mi�a�ion a guaranty o�all or part of the No�e, k � � � � l I � . 1 i �