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��15�14��
<br /> - �S���N��.�T ��` ��NT`�
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<br /> �������u��}.. Page �
<br /> Nebraska and also a�l ather laws, ru[es, ar�ers, ordina�ces and requir�r�nents c�f a11 other gv�ernm�ntal agencies
<br /> a€fecting the Prnperty.
<br /> Lea�e�he Proper�y. Lender may�-ent�r fease the vi►�hv�e or any par�a�the Pr-operty f�r su�h term or terrris and on
<br /> such canditsons as Lender may deem appropriate.
<br /> Emp�ay ►4genfis. Lender may engag�e su�h ager�t a� agents as Lender may d�am apprapriate, either in Lender's
<br /> name vr in�ran#or°s name,�a ren�and rr�anage�he Praper�y,including fihe�vllec�ion and application of F�ents.
<br /> Dfiher Acts. Lender may da al[ such ather things and acts with respect �o the Property as Lender may deem
<br /> appropr��te and may act exclusi�ely and solely fn the p�ace and stead of Gran#or and �to ha�e al! of the powers o�
<br /> Grantor for the purpQses s�ated aba�e.
<br /> Na RQquiremen�to Act. Lender shall not be �equired to do any o�the foregoing ac�s ar#hings, and the facf that
<br /> Lender shal[ ha�� perfarmed ane or mor� of the fore�air�g acts vr�hing� sha�l not require Lend�r tn da any oth�r
<br /> specific ac�ar#hing_ '
<br /> APPLICATI�N �F RENTS. All costs and expenses incurred by Lender in connectian with the Property shall be for
<br /> Gran�ar's a�coun� and Lender may pay such easts and expenses frvm �he Rents. Lend�r, in iis so�� disc�etivn, sha�F
<br /> determine the application of any and ali R�nts recei�ed by i�; h�we���, any su�h Rents recei�ed by Lender which are
<br /> na�applied �o such cvsts and expenses shall be appli�d to the Indeb�edr�e�s. A�1 expenditures made by Lender under
<br /> this Assignment and not reim�ur�ed from �he R�n�s shall he�ome a part o� �he Indebtedness secured by this
<br /> Assignmen�,and shall be payable on der�and,with in�e�e�t at the Note rate frorn date a�expenditure until paid.
<br /> FULL PERF�RMANeE. !f Grantor pays all ofi the Indebtedr�ess when due and v�herwise perfarms alI �he obligati�ns
<br /> ;mp�sed upan Granto�under fhis Assignmen�,the Note, and�he Rela�ed Documents, Lender shail execWfe and de�iver to
<br /> �rantor a suitable satisfac�ivn vf this Assignment and suitable s#atements vf termination of any�Financing s�atement a�
<br /> �ile e�iden�ing Lender's se�urity in#erest ir� the Rents and the Prvperty. Any term�nation fee required by iaw shall be
<br /> paid by Gran�ar, i�permi�ted by applicable[aw.
<br /> LEAIC�ER'S EXPEN�1Tl]RES. If Grantor fails �A} ta keep the P'roperky �ree of all taxes, liens, se�uri�y in�eres�s,
<br /> encumbrances, and other��aims, �B} to pro�id�any required insurar�ce�n�he Proper�y, ❑r [C} ta make repairs t�fih�
<br /> Prope�ty th�n Lender may do sv. 1�' any actian vr prviceeding is cvmmenced that wvuld materiafly �ffect Lender's
<br /> intere�ts in fihe Proper�y, then Lender on Grantor's behalf may, but is no� �-�quired ta, take any acfi�n tha� L�nder
<br /> belieues to be appropria��tv prvtect Lend�r's interests. All �xpenses in�urred or paid by Lender for such purposes wif I
<br /> fihen �ear in�erest a�the rate charged under the Note from the cfate incurred vr paid by Ler�der�o th�date of repayment
<br /> by Grantor. All �u�h expenses will become a par�o��he lndebtedness and, at Lender's o�t�on,wi[I {A} be payahie on
<br /> �emand; ��} be added ta th�e balance of th� IVote and be apportroned amon� and be pa�able with any ins�a[lment
<br /> payments tv hecame due during either �'�} the term of an� applicabf� insurance policy; or �2} fhe r�maining term of
<br /> the 1Vo�e; or �C} be treated as a balloan paymen� which will he due and payable at the N�te°s ma�urity. The
<br /> Assignment also wil� s��ur�paymen�of these amounts. The rights pra�ided fQr in�his parag�aph shall be bn addition to
<br /> any other�-igh�s ar any r�medies t�which Lender rna}r be entitfed vn acaQunf of any default. Any su�h activn by Lender
<br /> shall nofi be construed as curing the default s�as�o bar Lend�r frorr�any remedy thaf i�otherwise wvuld have had.
<br /> DEFAULT. At Lender's option, Grantvr wifl be in default under thi�As�ignrnenfi i��ny af the�vllowing happen:
<br /> Payment Default. Grantor fai�s tv make any payment vtirhen due under th�e Ind��tedness.
<br /> Br�ak �ther Pramises. Gran�ar�breaks any pr�mise made ta Lender or fai[s to �erform prompt�y at�he time a�d
<br /> strictly in fihe manner pro�idec�in this as�ignment or in any agreement r�lated to�his Assignment.
<br /> ❑efaul�on �7ther Paymer�t�. Failure a�Gran�vr wi�hin�he�ime required by#his Assignrnent ta make arry paymen#
<br /> far taxes�or insuranc�,�r any v#her paymen�necessar��o prev�nt filin�g af or�a effec�discharge of any�ien.
<br /> Def�ault i� Fauar of 'Third Parties. Gran#ar defaults under any 1oan, ex�ension vf �redi�k, s��urity agreement,
<br /> pur�hase ar sales a�reement, o�-any other agreemer�t, in favvr of any other creditor�r persan thafi may materiafly
<br /> afFe�� any of Grar��or's prope�ty ar abiii�y fio perForm Grantvr's� ab�iga�ions under this Assignrr��nt ❑r any of fihe
<br /> Related Do�u ments.
<br /> False S�atemen�s. Any representation vr sta�ement made or�urnished to Lender by�rantor ar an Gran�vr's behal�
<br /> under#his Assignmen�ar th�Rela�ed Documents is fals�or misleading in any rnat��ial respect,either nvw or at the
<br /> time made vr furnish�d.
<br /> De�ec#i�e Collateralizafion. This Assignment ar an}�af t�e Related Documents�eases�o be in fuil for�e and �ffec#
<br /> �including failure af any�ollateral dacumen��o cr�at�a Walid and perFec#ed se�urity interesf❑r lien}at any t'rrr�e and
<br /> fvr any reason.
<br /> Dea#h or�nsal�en�y, Ti�e death of Grantvr,the insol�en�y af Gran�ar;the appointment of a receiver�or any part�af
<br /> Grantvr's prvperty, any assignment far the bene�it of creditors, any type af creditor wvrkou#, ar the
<br /> �ommencement of any proceedin�under any bankruptc�ar insa��ency la�vs by or against Grants�r.
<br /> Taking ofi�h� Property. Any creditor or gv��mm�n�al agen�y fries to take any af�he Property ar any other of
<br /> Grantor°s proper�y in �hich Lender has a lien. This includes taking vf, garnishing �f �r l���ing or� Grantor's
<br /> acc�unts with Lender. H�v�euer, ifi Grantor dispu�es in govd faith whether��e claim or� which �he taking �f the
<br /> Proper#�r i� based is �alid �r� reasor�able, and i� Grantor gi�es Lender wrifiten notice af �he� c�aim and furnishes
<br /> Lender�vitl� mon�es or a surety bond satisfacfiary to Le�der to satisf�the claim,then this default provision will not
<br /> apply.
<br /> Property Damage ar L�ss. The Praperty is[ost, stalen, subs�antial[y damaged,sold,ar barrow�d aga�nst.
<br /> Evenfis Affecting Guarantar. Any of the preceding e�enfs occurS with respect tv any guarantor, endors�r, surety,
<br /> ❑r accammadatian party of any�f th� lnd��tedn�ss ar any guaranfivr, endors�r, surefy, or ac�ommodation party
<br /> d'€es flr becom�es in��mpe�ent, or re�okes or disputes �he �a[€dity of, vr liab'rlity under, any Gua�anty �f th�e
<br /> Indeb�edness.
<br /> Ins�curity. Lender in gavd�aith bef ie�es itself insecure.
<br /> �21GHTS AND REMEDrES�N ❑EFAULT. Upon the�ccurr�nce af any E�ent of Default and at any time thereaf�ker, Lender
<br /> may exercise any one or more of�he follvwing rights and remedie�, in additi�n to any o�her rights or r�medies prv�ided
<br /> by Iavv�
<br /> Ac�el�rate Endebt�dness. Lender shail have �he right at its optian ta d�Glare the entire [ndebtedness immediateEy
<br /> du�and payal�le, including any prepaymen�penalty that G�-antar wvuld be required t❑pay.
<br /> Cvllect Rent�, Lender shaf! have the right, ►ivithout nvfice to Gran#�r, to take possession af the Property and
<br /> cofle��the F�en�s, incfuding amounts pas� d�� and unpaid, and app�y the ne� prvicee�s, ���r and abo�e Lender`s
<br /> C�SfS, against the lndehtedness. fn furkherance af fhis right, �.snder shall ha�� alf the r�gh#s pro�ided for in �he
<br /> Lender's Right�o Recei�e and �ol[ecf Rents Sec�i�n, abo�e. if the Rents a�re callected by Lender, then Grantor
<br /> irre�oca�ly designa�es Lenc�er as Gran�c�r's a�tarney-in-�act ta �ndarse in��rumen�s rec�i�ed in payr�nent#herevf in
<br /> the name of�rantor and tn �egotiat�fhe sar�� and co[l�cf th� prflceeds. Paymen#s by�enants or other use�-s�v
<br /> Lender in respanse ta Lender's demand sh�ll sat�sfy�he abli�a�ions f�r which the pay�nents ars made, whether fl�
<br /> nQt any proper grounds for the demand exis#ed. Lender may exercise its ri�nts under this subparagraph either in
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