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Z�15�5353
<br /> A��1C�N Nl ENT �F F�ENT�
<br /> ��ont�r�ued� Page 3
<br /> �hereafter.
<br /> Detective GvEla�e�aliza�ivn. ThFs Assignrn�nt❑r any of the Re[ated Dacuments ceases to be in full for�e and effe��
<br /> �including failure o�any cvllateral dacurnent to create a�alid�nd perfec#ed security int�rest or iien}at any�ime and
<br /> �vr any reason.
<br /> Dea�h or Insvl��n�y. The dissolutivn vf Grantar's �regardiess of whether ele�tion to cantinue is made}, any
<br /> member withdraws frvm the limit�d liability campany, or any ather termination of 6or€�vwer's �r Grantor's
<br /> existence as a gaing busin�ss or the death af any member,�he insol�ency❑f 8a�rower or Grantor,the appaintment
<br /> of a recei�er for any part of Bvrrower's or Grantar's proper�y,any assignmen�for the benefit of creditars,any type
<br /> o� creditor workout, or �he commencemerzt af any pro�eeding und�r any bankruptcy or insol�en�y iaws by or
<br /> against Barrawer ar�rantar.
<br /> Creditor or For�eiture Praceedings. �vrnrr7encement of farsclosure or forfei�ure praceedings, whether by judicial
<br /> proceeding, self-h�lp, repassession or any ❑th�r rne�had, by any c�-edita�- of Borrower Qr Grantar flr by any
<br /> go�ernmental agency against the Rents ar any pro�aerty seGuring th� Indeb�edn�ss. Th�s incIudes a garnishm�n�❑f
<br /> any of Borrvwer's❑r G�antor`s acc�unts, including deposit accounts,with Lender. Hovve�er,this Event of Default
<br /> shall na�apply if there is a gaod fai�h dispute by Borrvwer❑r Gran�or as to the validity❑r reasvnableness ❑f the
<br /> ��aim wh�ch is the bas�s ofi the creditor or forfeiture prv�eeding and if Bor�-o�rver or Grantor gi�es Lender written
<br /> natice a�the credi�vr or forfeitur�praceeding and deposits with Lender rnanies ar a surety bond f�r the creditar ar
<br /> farfeiture proceeding, in an amaunt determined by Lender, �n i�s soEe d��cretion, as being an adequate reserve vr
<br /> band for the dispu�e.
<br /> Property Damage or Loss. The Proper�y is lost,stolen,substantial�y damaged,soid,or�vrrowed against.
<br /> E��nts Affe�ting Guarantor. Any of the pre�eding e�en�s accurs with respect tv any guarantor, endorser,surety,
<br /> ❑r acr�rnm�datian party vf any of th� Indebtedness ar any guarantar, endarser, surety, vr a�Gommvdation party
<br /> dies ❑r becames incvmpetent, or revakes or �isputes the �alidity of, ar liab�lity under, any Guaran� of the
<br /> Indebtedness.
<br /> Ad��rse Change. A ma�erial ad���e chang� occu�-s �n Grantor's f nan�ial condition, or Lender bef ieWes the
<br /> prospect af payrnent or per�ormance❑f the[ndeb�edness�s impaired.
<br /> lns�curity. Lender in gvod faith be�ieWes itse�f insecure.
<br /> RIGHTS AN�REME�IES�N DEFA�LT. Upan the oc�urrence of any Even�v�D��auifi and at any time thereafter, Lender
<br /> may ex�rcise any❑ne or more af the following rights and remedies, in additi�n tfl any other�-ights ar remed�es pro�ided
<br /> by�aw:
<br /> Ac�e[erate �ndebtedness. Lend�r sha�l ha�e the right at its op#�on ta deciare the entire Indebtedness immediately
<br /> due and payable,including any prepayment penaity tha�Bo�rower wvuld be required to pay.
<br /> CalEe�t Rents. Lender shall have �he r�ght, without notice to Barrawer or Grantor, �o take p055E55101� of the
<br /> Property and callect fhe Rents, including amvunts past due and unpaid, and apply the ne� pra�e�ds, over and
<br /> abo�e Lender'S CnStS, against the �ndebf�dness. ln furtherance ❑� thl5 right, Lender shall ha�e alI the rights
<br /> provided �or in the Lender's Right t� Receive and Collect Rents 5ectian, above. If �he Ren�s are callected by
<br /> Lender,then Gran�o�irrevocably des�gnates Lender as Crantor's at�arney�in-fact to endarse instrurnents re�eived in
<br /> paymen��hereof in�he name o��rantor and ta negotiate the same and collect the pro�eeds. Payments by tenants
<br /> ar❑�her users to Lender in respanse ta Lender's demand shall satisfy the ob�iga�ions far which t�e payments are
<br /> made, whether or not any pr�per graunds f�r the demand exis�ed. Lender may exercis� its rights under this
<br /> subparagraph either�n person, by agent,❑r through a r�cei�er.
<br /> ather R�medies. Lender shaif ha�e all other rights and remedies proWided in th�s Assignment or the Note ar by
<br /> law.
<br /> Elec#ion of Rem�dies. EIectian hy Lender to pursue any remedy shall not exclude pursuit❑f any ather remedy, and
<br /> an el��#ion�a make expenditures❑r�o�ake ac�ian t❑ perforrn an obiigatian❑f Gran#or under this Assignm�nt,aftsr
<br /> Grantar's failure to perform,shall no�affect L�nder's right ta declare a default and exerc€se its r�medies.
<br /> Attorneys" Fees;Expenses. If Lender institutes any suit ar acfion to enfvrce any of the terms of this Assignment,
<br /> Lender shall be en���led�a reca�er such surn as the caurt may adjudge reasvnable as attorneys'fees a��rial and
<br /> upon any appeal. 1Nhe�her ar nat any courk actian is in�al�ed, and to the extent not prohibited by law, aIl
<br /> reasanable expenses Lender in�urs �hat in Lender's opinivn are necessary a� any time for the pratec�ian af its
<br /> interest or the enfarcement af its rights shall becam�a part af the Indebtedness payab�e vn demand and shall bear
<br /> interest at�he Note ra�e from the date of th�expenditure until repaid. Expenses co�ered by this paragraph include,
<br /> withau�1i mitation, h�we�er subject ta any I i mits under appl icable�aw, Lender's attorneys'fees and Lende�'s legal
<br /> expenses, whether or no�there is a lawsuit, including attorneys' fees and expenses�or bankruptcy praceedings
<br /> �including efforts to modify or�a�a#e any autornatic s�ay ar injunctivn},appeals,and any anticipated pvst Judgment
<br /> callection services,the cost of searching reoords, ob�aining title reports�including fore�iasure reports}, survey�rs'
<br /> reports, and appraisal fees, title insurance, and �ees for the Trustee, �o the extent perm�tted by applicable latirv.
<br /> Gran�ar al so wi�I pay any co�rt costs, i n add itinn to al l other sums provided by I aw.
<br /> ELEC�'RQiVI� �DP�ES. Lender may copy, eIectronica�ly or vtherwise, and thereafter destroy, �he originals ❑�f this
<br /> Agreement andlar Related Documen�s in the regular course vf Lender's business. �►II su�h �apies produced from an
<br /> electronic fiarm ar by any other re[�able means �i.e., ph�tagraphic image or�acsimile}shall in all rsspec�s b�cansidered
<br /> equiWal�n�t❑ an❑riginal,and Borrawer hereby wai�es any rights or objections to th�use of such capies.
<br /> 1VI[SCELLAhIE�US PR�V[SI�NS. The following miscellaneaus pro�isions are a part�f�his Assignment:
<br /> Amendments. This Assignrnent, together with any Re�ated Dac�ments, constitu�es the entire understanding and
<br /> agreement of the part�es as t❑ �he matters set farth in this Assignment. No alteration af or arnendment to this
<br /> Assignment sha1� be�fFecti�e unless gi�en in writing and signed hy the party�r parties sought to k�e�harged ❑�
<br /> baund by the alteratian❑r arnendrnent.
<br /> Caption Headings, Caption headings in this Assignm�nt are for con�enienGe purpases anly and are nat#v be us�d
<br /> t�inte�-pre�or define the pravisians af th�s Assignm�nt.
<br /> Governing Law. This Assignrnent witl be ga�erned hy f�deral �aw applicable to Lender an�, to the ex�ent nat
<br /> preempted by federal law,'�he laws o�th�Sta�e �f Nebraska without regard to its cvnflic�s of�aw prfl�isi�ns. This
<br /> Assignment has been accepted by Lender in the�tate of Nebraska.
<br /> Choice of Venue. l�there is a�awsuit, Gran��r agrees upon Lendar's reques�t� submi��o the jurisdiction of the
<br /> courts of I-iall County,Sta�e of Nebraska.
<br /> Joint and 5e�eral Liahility. All obl�gations of Bor�ower and Grantvr under this Assignment sha[i be joint and
<br /> �e�eral,and ali references ta Grantor shal�mean each and e�ery Gran#or,and al1 references fia Borrnwer shal]mean
<br /> each and e�ery �vrrawer, This means that each Grantor�igning below €s responsible fvr all abEigations in this
<br /> �•ssignment. Whe�e any one❑r mvre of the parties is a cvrpc�ra�ion,partnership,Iimi��d liabili�y company❑r simiiar
<br /> ent�ty, it is not necessary�or Lender to inquire inta�he pvw�rs of any a�the a�FEcers,direc�ors,par�ners, members,
<br /> ❑r v�her agents a�fing ar purporting to a��an th�en�i�y's behalf, and any vb�igations made ar created in reliance
<br /> upon the prafessed exercise af such powers shall be guaranteed under�his Assignment.
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