��15�1��4
<br /> h ,
<br /> �
<br /> ASSIGNMENT �F RENTS
<br /> L�an Nv: '1��283595 {Cor7tlnued� � Page �
<br /> Assignmen�. Any party may change i�s addr�ss for notices under�his Assignmen�.by gi�ing �ormal written no�ice
<br /> to the o�her parties, specifying �that �he purpose o�f �h� no�i�e is �❑ chang� �he par�y's address. For no�kice
<br /> purposes, Grantor agr�es ta keep Lender in�ormed at aZl �imes of G�antar's current address. Un�ess otherwise
<br /> pro��ded or required by faw, if there is more �han �ne Grantor, any notice given by Lender t❑ any Grantvr is
<br /> deemed t❑ be no�ice gi�en t❑ a�i G�-antors.
<br /> Powers vf Attvrney. The Warious agencies and�pawers �f a��orney con�eyed on Lender under this Assignment are
<br /> granted #or-purp�ses ❑�f se�urity and may not be re�oked by Granto� un�il such time as�he same are renounced by
<br /> Lender.
<br /> 5e�erability. lf a caurt ❑f compe�en�jurisdicti�n �inds any prv�ision af�his Assignment fo be illegal, invalid, or
<br /> unenforceable as �v any circumstance, that finding shaI� not make the ❑ffending pro�isian ��fegal, in�alid, vr
<br /> unenforceab�e as ta any other �ir�umstance. lf �easible, fihe offending pro�ision shall be considered modi�ied so
<br /> tha� i� becomes legal, Walid and enforceable. I� �he of�ending pro�isEon Ganno� �e so moditied, it shall be
<br /> considered de�eted from this Assignmen�. Unless a�herwise required by law, �he i�(egali�y, in�a�idEty, or
<br /> unenfvr�eai�ility of any pra�is�on af this Assignmen� shall not affect the �ega�ity, �alidity or enfarceabi�ity ❑� any
<br /> ❑�her pra�ision ❑�this Assignmen�.
<br /> 5uccessors and Assigns. Sui�jec�to any limitations s�a�ed in�his Assignment on�rans�rer❑fi Gran�vr's interesfi,this
<br /> Assignment shall be binding upon and inure �o �he benefi� o� �he parties, fiheir successors and assigns. lf
<br /> ❑wnership o�f fihe Proper�y becomes �ested in a persan ❑�her than Grantar, Lender, wi�hout notice t� Gran�or, may
<br /> deal with Gran�or's successa�-s with reference to this Assignment and �khe �ndeh�edness by way of forlaearance or
<br /> e�tens�an withou�releasing Grantor�rom the obliga�ivns v��h:s Assignmen�vr liai�ility under fihe �ndebtedness.
<br /> Time is of the Essence. Time is o�the essence in�he performance of�his Assignmenfi. .
<br /> ;
<br /> Wa�ver of Homestead Exempt�an. Grantar hereby re�eases and waives all rights and benefi�s,a�.fihe homestead
<br /> � r
<br /> exemp�ian laws o�F�he S�ate of Nebraska as to all lndeb�edness secured by�his Assignment. , �
<br /> DEFIN[T�DNS. The fvllawing capi�alized words and terms shall ha�e the �Foll�vving meanings when used in �his
<br /> Assignmen�. L]nless speci�ically sta�ed �a the can�rary, all referen�es t� doilar amoun�s.a sha�1 mean�amounts in lawful
<br /> money afi#he Un���d 5tates af America. Words and �erms used in the singu3ar shall include the plural, and the p(ura[
<br /> sha€� include the s�ngular, as�he�cnntext may require. Words and t�rms no�a�herwise de�ined in fihis Assignmen�shall
<br /> ha�e the meanings attribufied to suGh�erms in the Un��orm Com�mercial Code: �:.
<br /> Assignment. The word "Assignment" means this ASSIGNMENT DF RENTS, as�his ASSIGNMENT�F RENTS may
<br /> 1ae amended or madi�ied from�tim��a�ime, toge�h�r with all exhibits and schedu�es a��ached ta this ASSIGNMENT'
<br /> DF RENTS from��me to tEme.
<br /> Borrower. The ward "Borrower" means LINC� REAL ESTATE 1NVE5TMENTS LLC.
<br /> r
<br /> I3efau[t. The word "�e�ault"-means.the ��fault set�orth in�his Assignment in the sec�ion titled "Defauf�".
<br /> �Even�#vf Defauit. �Th.e.words�"E�ent�.af De�au[�" mean any of the e�ents ❑�F de�ault se�forth in �his Assignment in
<br /> �he defauCt secfiion vf th�s�4ssignment.
<br /> ,-, ti� `r•• .r ' •" - J'� ' ti
<br /> Grantor. The word "Granta'r" means L1NCQ REAL ESTATE.INVESTMENTSiLLC:;; y� .;.,�, -.:4 •
<br /> , ; � �,= ...: ,�..,.��
<br /> Guaran�y.,.The�word "Cuaranty" means the guaranty fram`guarantar;:end�rser, surety, or�accommodatian parfiy fiv
<br /> , .- , . ��...: .., ,�.:
<br /> Lende�-; inc[uding wi�h�oufi-lim�tat�an a guaran�y❑f all or part af,,the;Note�.;t.;�, ��,;�.... � �, . , .
<br /> �: ,. . � , ._........s....��.-� -
<br /> lndebtedness. The'ward "fnde�tedness" means all pr�n`cipal,�`interest, and other amvunts, C05�5 and �xpenses
<br /> payable under the Note or Related D��umen�s, tag��her with all r�newa�s o�, extensions ❑f, modificati�ns ❑f,
<br /> cansalidatEons o�and subs�itutions far the Nate �r Related Documents and any amounts expended ar adWanced by
<br /> Lender �o discharge Grantor's obligativns �r expens�s- in�urred by Lender �❑ enforce Gran�or's �laligafiions undet-
<br /> �his Assignmenfi, �ogether wi�h in�erest ❑n such amvun�s as provided in this Assignmen�. Specifiically, wi�khout
<br /> limi�a�ion, �ndebtedness includes the future ad�ances set�arth in �he Fu�ure Ad�ances pra�isian, toge�her with a�i
<br /> in�eresfi �hereon and all amounts tha� may b� indirectiy secured hy fihe Cross-Coilateralization pra�tsion af �his
<br /> Assignment.
<br /> Lender. The word "Lender" means Fi�e Poin�s Bank, its succ�ss�rs and assi�ns.
<br /> No�e. The word "Nv�e'� means the pramissory nv�e dated IVlarch 6, 2�15, �n the original principal amaunt
<br /> vf $5�,�31.�� fram Grantor to Lender, �ogether with a�l renewals �f, extensi�ns of, mvd��icatians of,
<br /> re�inan�ings ❑�f, cansolida�ivns of, and substitutions for�he pr�msssary n�te ❑r agreem�nt.
<br /> ' Prvper�y. The ward "Prape�ty" means all of Gran�ar's right, fii�file and interest in and to all the Property as
<br /> described in�he "Assignment" se��ion of�his Assignmen�.
<br /> Re�afied Documents. The words "Related Dvcuments" mean a[l promissory notes, credifi agreements, loan
<br /> agreements� en�ironmental a�reemenfis, guaranties, securi�y agreemen�s, mortgages, deeds of trus�, se�urity
<br /> deeds, cvllateral mar�gages, and all ather ins�ruments, agreemen�s and da�uments, whether now or hereafter
<br /> existing, executed in connec���n wi�h�he lndeb�edness.
<br /> Rents. The word "Rents" means all ❑f Gran�or's present and �utu�-e righ�s, �i�le and in�erest in, �❑ and under any
<br /> and a11 presen� and �uture leases, in�fuding, withou� fimita�ivn, all �-ents, re�enue, incame, issues, royalties,
<br />
|