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201502076
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4/14/2015 11:56:10 AM
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4/3/2015 4:19:02 PM
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DEEDS
Inst Number
201502076
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out of any of the terms and conditions of the Leases, nor shall it operate to make Lender <br />responsible or liable for any waste committed on the Property by the lessees or any other <br />parties, or for any dangerous or defective condition of the Property, or for any negligence <br />in the management, upkeep, repair or control of the Property resulting in loss or injury or <br />death of any lessee, licensee, employee, invitee or other person. <br />8. Foreclosure. Upon issuance of a deed or deeds pursuant to any judicial or non judicial <br />foreclosure of the Security Instrument, all right, title and interest of Borrower in and to <br />the Leases shall, by virtue of this Assignment, vest in and become the absolute property <br />of the grantee or grantees of such deed or deeds without any further act or assignment by <br />Borrower. Borrower hereby irrevocably appoints Lender, and its successors and assigns, <br />as its attorney in fact, to execute all instruments of assignment or further assurance in <br />favor of such grantee or grantees of such deed or deeds, as may be necessary or desirable <br />for such purpose. <br />Nothing contained in this Assignment shall prevent Lender from terminating any <br />subordinate Lease through such foreclosure, subject to any written agreement now or <br />hereafter made by Lender in Lender's discretion to recognize the rights of any lessee if <br />such lessee is not in default under its Lease. <br />9. Loan Documents. This Assignment is supplementary to, and not in substitution or <br />derogation of, any of the provisions of the other Loan Documents. To the extent that this <br />Assignment is inconsistent with the provisions of the other Loan Documents, such other <br />Loan Documents shall control; and in particular, to the extent that this Assignment is <br />inconsistent with the terms of the Security Instrument, the Security Instrument shall <br />control. Lender may enforce any of the provisions of this Assignment prior to, <br />simultaneously with, or subsequent to any of the rights or remedies under the other Loan <br />Documents. <br />10. Notices. All notices, demands, requests, consents, approvals or communications required <br />under this Assignment shall be in writing and shall be deemed to have been properly <br />given if sent by hand delivery, overnight courier or certified mail, postage prepaid, <br />addressed to the parties at the following addresses: <br />If to Borrower: <br />With a copy to: <br />If to Lender: <br />Grand Island Joint Venture, LLC <br />Attention: Michael H. Staenberg <br />2127 Innerbelt Business Center Dr., Suite 310 <br />St. Louis, Missouri 63114 <br />Staenberg Group, Inc. <br />Attention: General Counsel <br />2127 Innerbelt Business Center Dr., Suite 310 <br />St. Louis, Missouri 63114 <br />First National Bank of Omaha <br />1620 Dodge Street <br />Omaha, Nebraska 68102 <br />ATTN: Senior Officer, Mortgage Loan Department <br />8 <br />20150207E <br />
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