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��15��4 ASSf�NNiENT DF RE�NTS Lvan No: 'i�'I 28��5 ��ntNnued} Page � No Vllai�er by Lender. Lender shall no�t be deemed fiv ha�e wai�ed any rights under th�s Assignment unjess such � wai�er is gi�en in wri�ing and signed by Lender. N� delay or❑m�ssion ❑n the part❑�Lender in exercising any right sha�l ape�-ate as a waiver o�f such right or any o�her right. A wai�er by Lender of a pra�isian o�f this Assignment shaf� nat prejudice or cons�i�ute a wai�er of Lender's righ� v�herwise �o demand stri�t �ompliance with that prov�sFon or any other proWision ❑f�his Assignment. No prior wai�er I�y Lender, nvr any course of dealing be�ween Lende�-and Grantor, shall consti�tu�te a wai�er of any af L�nder's rights ❑r of any of Grantar's obligations as ta any �uture transac�ions. WheneWer �he consen� o� Lender is required under this Assignmen�, the granting v� su�h consent �y Lender in any instance shall na� constitute continuing cansent to subsequent instances where such cansent is required and in all �ases su�h�onsenfi may he g�-anted ar wi�hheld in�khe sale d�scre�ion of Lender. Notices. Any natice required to be gi�en under this Assignmen� shall be gi�en in writing, and shall be efifecti�e when ac�ually deli�ered, when actually recei�ed by te�e-�acsimile �unless otherwise required hy law}, when deposited with a nationa[[y recognized o�ernight cvurier, or, i�mailed, when deposi�ed in the Unit�d 5tates mail, as first class, certitied or r�gistered mail pos�age prepaid, di�-ected�❑ �he addresses shown near fihe beginning ofi thEs Ass�gnment. Any party may change i�ts address for notices und�r thss Assignment �y gi�ing fvrmal written no�i�e ta the other parties, speci�ying �hat the �urpvse o� the notice is �o change the party`s address. For notice purposes, Gran�or agrees ta keep Lender �n�ormed a� al� tEmes ❑f Grantor's curren� address. Unless o�herwise pro�ided ❑r required by faw, i� there is more than ❑ne Grantvr, any nvfii�e gi�en by Lender to any Grantar is deemed ta be n�tice gi�en to all Grantors. Pvwers of Attvrney. The�arious agencies and pvwers of a��orney can�eyed on Lend�r und�r fihis AssE�nmenfi are granted fa�-purp�ses v�se�uri�y and may no�be re�aked by Gran�or until such time as the same are renounced l�y - Lender. Se�erahility. I� a cvurt v� compefien��urisdi��ion finds any prvvision �f this Assignmen� t❑ be illegai, invalid, or unenforceable as�a any persan ❑r circums�an�e, that finding shall not make�he v��ending.prvvision illegal, in�alid, vr unenforceable as to any other pers�n vr �ir�umstance. !f feasible, �he ❑-��endEng p�-o�ision sha!! be cvnsidered modified so that it laecomes fegal, valid and �nfarceahle. lf�he ofFending pro�isian canno� be so modi�ied, it shall be �vnsidered de[efied �rom thFs Assignment. Unless vtherwise �equired by law, the illegali�y, in�aiidifiy, or unenforceabi�ity of any pro�is�on ❑f�his Assignmen� shalf no� aff�c� fihe legafity, �afidity or en�arceability of any ofiher pro�ision of�his AssEgnmenfi. 5uccessvrs and Assigns. 5ub�ect�❑any lim€tations sta�ed in�his Assi�nmen�on�ransfer❑f Grantor's interes�,�his Assignmenfi shal� 1ae binding upon and inure to the bene�it ❑f the par�ies, �heir successors and assigns. I� ownership v�F�he Prvperty be�omes�es�ed in a person ❑�her�han Grantor, Lender, without notice�a Grantor, may deal wi�kh G�antor's successars wi�h re�ference to this AssEgnment and the lndebtedness by v+ray of forbearance ❑r ex�ensivn without releas'tng Grantar�rvm�he oi�ligati�ns o�this Assignmen�ar�iabrlity under the fndebtedness. � Time is of the Essen�e. Time is a��he essence in�h� performance of this Assignm�nfi. 1Naiver of Hamestead Exemp#ian. G rantor hereby releases and wai�es a!f rights and benefits of th� homesfiead exemption laws❑�the 5ta�e of Nebraska as to a�l lndebtedness secured by�his Assignment. � • DEFIN�TI�NS. The follvwing capita�ized wo�ds and terms shall have fihe �ollvwing meanings when used in �his Assignment. �nless specifica�ly s�ated to �he �vntrary, alf �eferences t❑ dallar amoun�s shall mean amvunts in fawful m�ney ❑f�he United S�ates af America. Wards and terms used in fihe singular sha�� in�lude �he plu�-a�, and the plural shall in�[ude the singular, as the �an�ex�may require. Words and terms nn�otherwise de-�ined in�his Assignmen�shall ha�e�he meanin�s attribut�d t�such fierms in the lJni�orm Commercial Cade: Assignment. Th�word "Assignment" means this ASSIGNMENT OF RENTS, as�his A551GNMENT�F RENTS may be amended �r madif�ed from time to�ime, t�ge�her with all exh�bits and schedules a�tached fiv thEs ASS1GNNiENT �F RENTS�ram time t❑�ime. Bvrrvwer. The word "Barrower" means PHlLfP NELS�N JR, S�IRAH J NELSDN, MICHAEL A KRAFT and LDRI G KRAFT, ❑efauCt, The word "aefaul�" means�he Defau�t se�far�h in this Assignrnen�.in the sec�ion titled "�efault". r -;—�.--_..�-,.----� �.�..�._ --�..„�.. E�ent of Defau�t. The wo�ds "E�ent ❑� ❑efault" mean any ❑fi the e�en�s of�de�aul�:se��or�h:in�this Assignmen� in �� - � � the de�ault section af this Assignment. �. �,- . _ • , ' •.:'.��rf s � � Grantor. The wvrd "Granta�-" means MICHAEL A KRAFT and L�R1 G KRAFT. °� �� --. . _ � Guaranty, The word "Guaranty" means the guaran�y�rom guarantvr, endorser, surety, ar accvmmvdativn party ta Lend��-, including without limitation a gua�anty of all ❑r part of the Note. lndeb�edness, The word "fndebtedness" means all principal, interes�, and ofiher amounts, CC35�5 and expenses paya�ale under the Note vr Refated ❑ocuments, tvge�her with all renewals ❑�, extensions ❑f, modifiications v�, cansvlida�ians of and subs�i�ut��ns for the No�e or Rela�ed ❑ocuments and any amounts expended or ad�an�ed by Lender to discharge Grantor's obliga�ians vr expenses incurred by Lender to en��e Gran�or's vbligations under �h�s Assignment, together v►rifih infierest ❑n such amounts as pro�ided in th�s Assignment. 5peci�ically, wi�hvut limi�ation, Indeb�edness in�Eudes �he -�uture advances se�farth in �he Futur� Ad�ances pro�ision, fiogether with aEl infierest fiherevn and a[f amounts tha� may be indire��ly secured l�y the Cross-Collateraliza�ivn prv�ision vf #his Assignmen�.