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��15�11�5 � � ASS��N�JIENT �F .RENTS Lvan No: '1 D'1�g3547 �Continued} Page 3 Campliance with Laws. Lender may do any and all �hings t❑ execufie and compIy with the Ia�r+is o� �he 5tate ❑f Nebraska and als� all o�her Iaws, rules, orders, ardinances and requiremen�s o� a�� other ga�ernm�nta� agencies affiec�ing�he Property. Lease�he Prvperty. Lender may ren�or lease the who�e vr any part❑f�he Prvper�y for such term or terms and an such condi�ions as Lender may deem appropriate. Employ Agen�s. Lender may engage such agent or agen�s as Lender may deem appropriafie, ei�her in Lender's name or in Gran�ar`s name,�� ren�and manage fihe Property, including�the co��ection and applica�ion of Rents. flfiher Acts. Lende�- may do all su�h other things and ac�s wifih respe�t �o �he Prope�ty as Lender may deem apprapria�e and may a��exclusi�ely and solely in the p�ace and stead ❑�Grantor and �❑ ha�e all ❑f the pawers ❑f Gran�ar far the purposes stated abo�e. Nv Requirement ta Act. Lender shali nat be required to d� any of�he faregoing ac�s nr things, and �he fact�ha� Lend�r shall ha�e perfvrmed one or more o��he foregoing ac�s or �hings sha�i no� require Lender�a dv any vther spec�fF� act❑r�hing. APPLICATI�N DF RENTS. All Ca5�5 and expenses incurred by Lender in connection with the Prvper�y sha�� e for Grantor's accoun� and Lender may pay such CDSfiS and expenses -�rom fihe Rents. Lender, in its sole discrefiivn, shall determine the application ❑f any and all Rents recei�ed by i�; hawe�e�, any such Rents recei�ed hy Lender which are no�t applied t❑ such costs and expenses shall be applied t� the lnd�b�edness. All exp�ndifiures made by Lender under this Assignment and no� reimburs�d from the Rents shall become a part ❑f �he lndebtedn�ss seCured by this Assignmenfi, and sha�l be payahle vn demand, wfth �nterest at the Note rat�frvm da�e❑f expendifiure un�il paid. FULL PERF�Rl111ANCE. �f Gran�ar pays a![ of �he Indeh�tedness when due and vtherwise perfarms a[l the ❑bliga�ions imQosed upan Gran�ar under this Assignment,�he Nvte, and�he Re�ated ❑acuments, Lender shal� execu�e and deli�er to Gran�ka�- a suitable sa�isfaction af�his Assignment and suitable statements ❑f�erminatsvn of any financing s-�atemen�k on �ile e�idencing Lender's security in�eres� in the Rents and the Prop�r�y. Any �erminafiion fee required by law shall be paid by G�an�or, if p�rmitted by applicable law. LEN�ER'S E�PENDITURES. if any action vr proceeding is cammenced that woujd materially a��ec� Lender's interest in �he Proper�y ar if Grantor�ai1s fiv comply with any pravisivn of this Assignment or any Rela�ed Documents, including but not limi�ed to Grantar's�ailure to discharge vr pay when due any amoun�s Gran�or is required to discharge❑r pay under �his Assignmen� ar any Re[ated Dv�umen�s, Lender on Grantor's behal� may �hut shall nafi 1�e abliga�ed �a� take any a�tian that Lender d��ms appropria�e, including bufi nflt limited to discharging or paying all �axes, liens, security interes�s, encumbrances and other claims, at any�ime le�ied or placed ❑n�he Renfis or�he Praperty and paying a�f cas�s for insuring, maintaining and preser�ing �he Prop�r�ty. All such expendi�ures incurred ar paid by Lender for su�h purp�ses will�hen bear in�erest at the rate charged under�he Note fram�he date ;ncurred ar paid by Lend�r to the date ❑� repayment by Granfior. A�� such expenses wi�i become a part at the Indeb�edn�ss and, a� Lende�'s aption, will �A} be payahle vn demand; �6} be added ta �he balance of the Na�e and be appvrfiivned among and be payable with any insta[[ment payments to became due during either t�} the term of any applicable. insurance palicy; or �2} the remaining �erm ❑�f �the Note; or �C} �e �reated as a balloon paymen� which will be due and payable at the No�e's maturifiy. The Assignment alsv will secu�-e paymen�o�fihese amounts. Such righ�sha�� 1�� n additian�o all oth�r righfis and remedies to which Lend�r may be enti�led upon ❑efau[t. ❑EFAULT. Each o�F�he fo��awing, a�Lender`s option, shaif cons�ifiute an EWent❑f l�efaul�under�khis Assignm�nt: Paymen�t Defaul�. Bar�-ower�ails�o mak� any payment when due under the �ndeb�edness. D#her De�aults. Borrawer or Gran�or fails ta comply with or t❑ per�arm any a�he� te�rm, ob�iga�ion, �oWenan� ar cand�tion �ontained �n �his Assignmen� ❑r in any of the Re�ated ❑acuments ❑r �a cvmply wi�h ar to perfvrm any �term, ❑b�igation, �v�enant�r candi�ion con�ained in any��her agreement he�ween Lender and Borrower or Gran�vr. De�ault vn �ther Payments. Faifure of Grantar�vi�hsn the �ime required by this Assignment fio make any payment for taxes or insurance, ❑r any other payment necessary to pre�ent fi�ing ❑f❑r to e��ect discharge o�F any�ien. False Statements. Any wa�ranty, represenfiation or sta�ement made ❑r furnished fiv L�nder by Barrvwer or Gran�or or on Borrower's ❑r�ran�or's behal�under this Assignment ar�he Rela�ed Documents is fa�se vr mislead�ng in any ma�erial respec�, ei�her now ❑r at the time made ar �urnished ❑r be�ames �a�se or misleading afi any �ime fher�after. Defectirre �o1la�eralizatinn. This Assignment or any vfi�he ReEa�ed ❑ocumen�s ceases�o be in �ull force and eff�c�fi �incfuding �aiiure of any calla��ral document�v create a�alid and perfected secu�€ty interes�or lien} a�any time and �far any reason. ❑ea#h ar fnsolvency. The dissalu�kivn o� Granfi�r's 4regardless o� whether ele�tion to confiinu� is made�, any member withdraws �rom �the limited liability �ampany, a�- any n�her termina�tion o� Borrow�r's v� Gran�or`s exis�ence as a going business vr the dea�h af any member, �the insol�ency of Borrower or Gran�or,the appointmen� ❑f a recei�er for any part o�Borrower's or Grantar's property, any assignment��r�he benefi�ofi credi�vrs, any type of creditor warkau�, ❑r the cvmmencemenfi of any proceeding under any bankruptcy or insvl�ency laws by or againsfi Borrower or Grantar. Creditor or For�eiture Praceedings. Comm�ncement ❑f forec�osure or for�eiture praceedings, whe�her by judicial