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��15��4 ASS��GNNIENT� �F RENTS Lvan Nv: 'I�'1��5 �Cvntinued� Page � AND ALL flBLI�ATI�NS �F B�RRDVIIER AN[3 GRANT�R L]N�IER THE NnTE,THiS A5SIGNIVIENT,AND THE RELATE❑ D�CUNIENTS, TH�S ASSIGNMENT IS G�VEN AND ACCEPTED �N THE F�LL�WING TERMS: GRANTDR'S VIIAIVERS. Grantor wai�es all r�gh�s o�de�Fenses arising hy reason❑f any "ane actian" vr"anti-defic�enGy" law, or any other law whi�h may pre�enfi Lender �ram bringing any acti�n agains� Grantor, including a claim �For de�iciency�o the extent Lender is o�herwise en�i�led to a �laim for de�i�iency, befare o�- after Lende�'s commencernent vr comple�ian af any�oreclosure acfiian, either judi�ially vr by exercise o�a pvwer vf sa1e. B�RR�WER'S WAIVERS AND RE5P�N51B1LITIES. Lender ne�d not tell Borrower abou� any ac�ion ar ina��ian Lender �akes in conne�tion�wi�h this Assignment. 6orrower assumes �he responsibii�ty�or being and keeping in�ormed about �he Prvperty. Bvrrower wai�es any defenses that may arise because o� any ac�ion ❑r inaction of Lender, includ�ng without limitation any �ailure ❑f Lender to realize upon the Proper�y, or any delay by Lender in realizing upon �he Property. Bvrrvwer agrees fio remain liahle unde�-the Nate w�th Lender no matter what ac�kion'Lend�r�takes ❑r�fails to . �ake unde�this Assignmen�. PAYMENT AND PERF�R�ANCE. Except as o�therwfse provided in�his Assignment❑r any Related ❑vcumen�s, Gran�ar shafl pay �o Lender all amounts secured by �his Assignment as they become due, and shall strictly perform all o� Grantor's obligations under this Assignmen�. Unless and until Lender exercises its righfi fio colle�t the Ren�s as p�o�ided he�ow and so lang as fihere is no defiault under this Assignment, G ran�a�- may remain in p�ssession and control o-� and oper-ate and manage�he Praperty and collec�the Ren�s, pro�ided�hat�he gran�ing ❑f the ��ghfi to calle�t the Rents shall not cons�itute Lender's consent to the use o�cash calla�eral in a bankrupficy praceeding. GRANT�R'S REPRESENTATI�NS AND V1IARRANTIES. Grantor warrants�hat: �wnership, Grantor is en�fii�led '�❑ recei�e the Rents �ree and c�ear �fi all rights, �oans, Iiens, encumbrances, and claims except as disclosed�ko and acc�p�ed 1ay Lender in wri�ing. Right fo Assign, Gran�or has the fuEf righ�, power and au�hority to enter infia th�s Assignmen� and fio ass�gn and cvn�ey�he Rents�❑ Lender. Nv Pr�vr Ass�gnment. Gran�or has not pre�iousfy assigned ar conveyed the Ren�s to any ❑�her person by any instrument now in-�a�-ce. Nv Fur�her Transfer. Grantor will na�sefl, assign, encumher, ❑r otherwise dispose of any v�Gran�vr's righ�s in the Ren�s except as prvvided in�his Assignment, � LENDER'S R�GHT T� RECEIVE AND ��LLECT RENTS. Lender shal� ha�e the right at any time, and e�en though no default shall have accu�-red under this Assignmen�, �o Gollec�k and receive�he Rents. Far this purpose, L�nder is herelay gi�en and gran�ed�he following rights, powers and authority: Nv�ice ta Tenants. Lender may send notices �o any and all tenanfis ❑�f the Property ad�ising �hem af this Assignment and direcfiing all Renfis�o be paid directly to Lender or Lender's agent. Enter�he Prvperty. Lender may enter upon and�ake possession ❑f�he Property; demand, coi�e��and receive from �khe tenants or from any ❑�her persons liable there-�or, all a�f th� Ren�s; institute and carry ❑n atl �egal proceedings necessary far the prate��ion of the Property, in��uding su�h prviceedings as may �e necessary �❑ reco�er . passession afi�he Property; collect the Rents and remo�e any tenant ar tenants❑r other persons from�he Proper�y. ; �IJla�ntain�he Property. Lender may enter upon fihe Praperty�❑ maintain the Prvper�y and keep the same in repair; �❑ pay the cos�s �hereo� and ❑f all ser�ices o-�all em�loyees, inc�uding�heir equipment, and of aii con�inuin� cosfis and expenses o�main�aining fihe Prvperty in pr�per repair and condition, and a1s�to pay a!I taxes, assessments and water utilities, and�he premiums an ftre and ❑ther�nsurance effected hy Lender on the Property. Cnmpliance with Laws. Lende�- may do any and all things ta execute and cvmply wi�th �he �aws �fi the Stat� ❑f Nebraska and alsa all a�her �aws, rules, ord�rs, ordinances and requiremen�s ❑f a1� ❑ther �o�ernmenfial a�encies af�ec�ing�he Property. Lease the Property. Lender may rent vr fease�he whale ar any part o�the Prop�r�y fvr such term ar terms and vn � such conditions as Lender may deem appropria�e. Employ Ag�n�s. Lender may engage such agent ❑r agents as Lender may deem apprvpriat�, either in Lender's name ar in Gran�or's name,�a rent and manage�he Property, in�luding�he collectivn and applicativn❑f Rents. ��rher Acts. Lender may d❑ all such ather things and ac�s wi�h respect fio fihe Prvperty as Lende�- may deem apprvpriate and may ac� exclusi�ely and solely in the p�ace and stead o� Grantor and ta ha�e al� ❑�the powers af � Grantar fvr the purposes stated abo�e. . � � Nv Requiremenf to Act. Lend�r shall not be required �a d❑ any of the �oregfling acts ar things, and the fact that Lender shal� haWe per�ormed ❑ne or more o�th� #oregoing ac�s or fihings shal! nofi require Lender to do any other specific act o�-thing. � � APPLlCAT1DN �F RENTS. All �asts and expenses �ncurred by Lender in connection with �he Praperty shail be for Grantor`s aG�ount and Lender may pay such C�5�5 and expenses from �he Rents. Lender, in its sole discretion, shall determine the application a-� any and a11 Rents �ece�ved by it; howe�er, any such Rents �eceived hy L�nder which are nvt applied t� such casts and expenses shall be app�ied to fihe Endebtedness. All expenditures made }�y Lender under �his Assignmen� and not reimbursed from �he Rents sha11 became a pa�t ❑f �he �ndeb�edness secured by �his .