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��15�1419
<br /> �SS�G����1' �� ���T�
<br /> {�o��i���d� Page 2
<br /> Compliance with Lavrrs. Lender may do any and al� things ta ex�cu�e and comply w�th��7e laws of the Sta#e vf
<br /> Nebraska and also a!I a�h�r �avus, ru�es, orders, ardinance�and requirements v� all other go�er-nmen�a� agencies
<br /> �ffecfiing the Pra�e�y.
<br /> Lease#he �rvperty. Lende�ma��-ent vr fease the uvholE vr any part vf the Propert�far such t�rm❑r�erms and on
<br /> sucl�co�dit�ans as L�nder ma�de�m appropriat�,
<br /> Employ �4g�n�s. Lend�r rnay �ngage such agen# ❑r agents as Lender may deem appropria�e, e��her in Len�er's
<br /> name vr in�rant�r's name,ta rent and manage�he Prvper�y, including the callectian and appfication��Rents.
<br /> nther Ac�s. L�nder may d� �ll su�h o�her things and ac�s with respect to th� Property as Lender may dee�n
<br /> appropriate and may ac�exclusivefy and solely in fhe place and stead af Grantor and to ha�e alf of the powers of
<br /> Gr�ntor�or the purposes s#ated abo�e.
<br /> No F�equiremen�tn Act. L�nder sha�l not be required t�do any of the �oregoing acts �r#hings, and�he fact that
<br /> L�nder shall ha�e perF�rmed ane or more �f the foregving act� vr things shai� na�t require Lender to dv any o�her
<br /> specific a�t❑r thing.
<br /> APPLICATION DF RENTS. All ca�ts and expenses incurred by Lender in connecfiian vv��h �he Property shall b� far
<br /> �ran�vr's a�coun# and Lender may pay such costs and exp�nses �ram the Rer�ts. Lender, in ifs svle discretifln, shall
<br /> d�fiermine fhe appli�atian vf any and aEl Ren�s r�cei�ed by i�; h�v►re�er, any su�h Rents recei��d by Lender which are
<br /> nvt app[ied ta such cvsts and expenses shall be app�lied ta �he Inde�tedness. All �xpenditures made by Lender under
<br /> this as�ignment and not reimhursed frvr� the Rents shall �ecom� a pa�t of fhe fndebtedness secured by this
<br /> Assignm�nt,and shall be payable on demand,with in�e�es#at the Nvte ra#�frvm dat�of expenditure until paid.
<br /> FULL PERF�R�JIANCE. 1�F Gran�or pays al[ of the lndebtedness vuhen due and o�herwise performs a!I the obligations
<br /> imposed upan�ran�or under this Assign�menf,fhe Note,and�he Related Documents, �ender sha��execu#e and deli�er tv
<br /> Gran�ar a suitab�e sa�isfacti4n a�this I��signment�rrd suitabl�staternen�s of termination of any financing statement an
<br /> file e�idencing Lender's se�urity interest in the Rents and the Property. Any terminatiar� fee �-equired by �aw sE��ll be
<br /> paid by Grantor, i�permitfed by applicahle�aw.
<br /> LENDER'S E�PENDITURES. I� �rantar faifs �A} fio kee� the Property f�ee of all taxes, liens, security interests,
<br /> �r�cumbr�an�es,and other clairr�s, {8} �a provid�any required insuranc���th�Prvperty, ar �C}� �v make repairs to the
<br /> P�-vperty then Lender may do so. If any action ❑r prviceeding is camm�nced fhat wvu�d materiaf�y affec� Lender's
<br /> i��erests in the Propertya then Lender on Grantvr's behalf ir�ay, but is not requir�d to, �ake any action that Lender
<br /> belie��s ta be appropriate�o prvtect Lender's interes�s. All expenses ir�c�arred or paid by Lender�For su�h purp�s�s will
<br /> then��a�interest at the rat��harged �nder the IVo��fram the dafie incurred�r paid �y Lender fa the c�ate af repaymen�
<br /> b�Grantor: AI[such expenses will become a pa�t❑�the [nc�eh�edness and;at Lender's o�afian,wif I {A} be payable on
<br /> demand; �B} be added to the ba[ance a�the Note and be apportivned among and �e payable �ith any instailment
<br /> payments fv become due during either �'f} the term of any app�icable insuran�e poEicy; or ��} #he remainir�g term of
<br /> the Note; or- {C} be treated as a balfovn payment which will be due and payable at the Note'� maturity. The
<br /> Assignment also wi�l se�ure payment of these amounfis. The r�ghts pro�ided far in this pa�agraph shal��e in addition to
<br /> any afher rights or any remedies ta which Lender may be entitled an a�count o�any defa�lt. Any such a�tion by Lender
<br /> s�all nvt b�construed as�uring the defauit so as�o bar L�nder�rvm an�remedy that it otherwise would ha�e had.
<br /> �EFA�LT, At Lenc�er"s aption, Grantor wilf be in de€aul�ur�der this Assignment i�any o�the��Ilowing happen:
<br /> Payment Qefault. G�-�ntor faiis t�make any paym�n�when du�under the Indebtedness.
<br /> Break (]ther Promi�es, Grantor breaks any promis� made to Lender❑r �ails ta pe�farm prompt�y af the time and
<br /> strictly in th�rrianner pr��ided in this Assignmenf or ir�any agreement related to this Assignmenf.
<br /> �efaul�on �tMer Paym�nfs. F�ilure af G�antar within fihe time �required by this I�ssignment to rr�ake any paymenf
<br /> �or taxes vr insurance,or any other paymer�t necessary t❑pr��ent fil�ng of❑r to effec�dis�harge of any I�en.
<br /> Default in Faa►or vf Third Parties. Gra�f�r defauE�s ur�der an� Ioart, extensivn af credit, security agreem�nt,
<br /> purchase or sal�s agreement, or any❑ther agreement, i�fa�or of any o#her��reditor or person #hat may materiafly
<br /> af�ect any ofi Granfar's prope� or ability to perFarm Grantar's ob�igatians under tf�is Assignment o�- any of the
<br /> Re�ated Do�uments.
<br /> Fals�5tatemenfis. Any represen�ation ar stafement made ar f€�rni�hed ta L�nder by Granfior ar�n Grantor`s behalf
<br /> u��er this�I�signm�nt vr the Related Dvc�rments is false or misleading in any material respect,either now or at the
<br /> time mad�or furnished.
<br /> Defective Collateralizativn. This Assignment or�any of fhe Related ❑o�umenfs ceases tv be in full farc�and e�fect
<br /> (including�Failur�af any collateral document to cr�ate a valid and pe�fiected securi�y interes�ar lien}at any#ime and
<br /> fvr any reasan.
<br /> Death or�nso��vQn�yp The death o�'Grant�r,tF�e insol�ency of Grant�r,the appointment o�a receiver for any par�af
<br /> Grant�r's praperty, any assignment for the bene��t at creditvrs, any type af creditor w�rkout, �r the
<br /> cammencement of any prace�ding under any bankrupfcy ar insof�ency iaws by or a�ainst�rantar.
<br /> Taking ❑�the Proper�y. Any creditor o�- ga��rnmenta� agency tries to fake any of th� �rop�rty or any other ofi
<br /> Grant�r's prvperty in which Lender has a lien, This includes taking a�, garnishin� of or �e�ying on �ran�ar's
<br /> accounts w�th Lender. HoweWer, i�Grant��disputes in good faith whether the �laim vn which �he '�aking of the
<br /> Pr�per�y is based is U�alid or reasonable, and if Granfor gi�es L�nder v�ritten nvtice af the claim and furnishes
<br /> Lender with monEes or a surety bond sati�fa�tary ta Lender ta safisfy fh�claim,�hen�his default pro�ision will nvf
<br /> apply.
<br /> Proper�y Damage or Lass. The Pr-ape�ty is�o�t, stolen, substan�ialiy damaged,sold,ar borrvwed�gainst.
<br /> E�ents Affe��ing Guaran�ar. Ar�y of the preced�ng events occurs wifh respe�t tv any guarantor, endorser�, surety,
<br /> vr a�commodation party of any o�the Indebtedness vr any�uaran�vr, �ndorser, sure�y, vr ac�or�modatior� pa�y
<br /> dies o� becomes incompetent, ❑r re�o�es ar disputes the v�aEidity a�f, or liability und�ra any �uaran�y of the
<br /> [ndeb�edness.
<br /> lnsecurity. Lender in gvod faith belie�es i�sel�inse�ure.
<br /> RIGHTS AN❑RE�IEDIES�N DEFe4LJLT. Upon the o�currenc�❑f any Event vf Defau[t and a�any time th�reafter, Lend�r
<br /> may exercise any one or more af#he�Qllowing rights and remed�es, in additiar�ta any�fher rights vr remedies pro�ide�
<br /> by law:
<br /> Acc�lerate �ndebtedn�ss. Lender shall haii� #he right at its o�ti�n to d��lar�e fhe entire Indebtedness immediatefy
<br /> due and payable,including any prepayment penaffy that Grar��ar wvufd be r�equ�red t❑pay.
<br /> �allect Rents. Lender shalE ha�e the ri�ht, wi�hout no#ice to Grantor, to �ak� pvssessic�n af �F�e Property and
<br /> �oE[e��the Rents, �ncluding amoun�s past due and unpaid, and apply the net proceeds, a�er and abv�e Lender's
<br /> casfis, against#he Indeb�edness. In �u�therance of this right, Ler�der sh�lf ha�e al� the rights pro�ided f�r in #he
<br /> Lender's �ight to Recei►re and Cvflect R�nts 5ection, a�av�e. ���he Rents are cvlfe�#ed by Lender, then Grantor
<br /> irr��ocably designates Lender as Grantor's a�torney-in--fac#to endorse instruments re�ei�ed ir� paym��t fiher��f in
<br /> the name af�ran�or and tn negotia�e the same and c�liect the proceeds. Paym�nts by tena��nts ar❑ther users to
<br /> Lender i►� response�o Lender's demand shall sa�isfy the ob�E�atians for v�rhi�h �he payments are made, whether❑r
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