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<br /> A�S�������' �F ���`��
<br /> Loan N�: 4C��U04���8 ���nt�1�Ued} Page �
<br /> beivw and so �nng as�h�re is nv default unde�this Assignmen�, Grantflr may rernain in possessian and contro! a�'and
<br /> operat�and manage the Rroperty and collect the Rents, pro��ded that the granting of the r�ght to collect the Rents sha��
<br /> not constitute Lend�r's cansent�o�he use of cash collateral in a bankruptcy proc�eding.
<br /> GRANT�R`S REPRESENTATl�NS AND WARRANTIES. Grantor war�ants that:
<br /> �wnersh�p. Grantor is enti�led t� recei��the Rents free and clear o� all rights, loans, liens, encumbrances, and
<br /> claims excep�as disclased to and accep�ed by Lender in writing.
<br /> Right to ASsign. G�'antor has the full right, power and autho�ity�a �nte�in�a this Assignrn�nt and t❑ assign and
<br /> c�nvey the Rents to Lende�.
<br /> No Rriar Assignment. Grantor has n�t pre�i�us�y assigned ❑r con�eyed the Ren#s to any other persan by any
<br /> instrument now in forGe.
<br /> No Fu�ther Tr�nsfer. �rantar wiil no�s�fl,assign, encurnber,or other-wise dispose of any o��ran�or's righ�s in the
<br /> Ren#s excep#as prv�ided in this Assignment.
<br /> LENOER'S R1GHT T� RE�EIVE AND CQLLE�T RENTS. Lender shall ha�e the righ� a# any tirne, and e�en thnugh n❑
<br /> defaul�sha�1 ha�e ac�urred under this Assignment, ta collect and re�ei�e the Rents. For this purpose, Lender is hereby
<br /> gi�en and granted th�faltvwing rights, powe�s and auth4ri�y:
<br /> Notice ta Tenan#s. Lender may send notices to any and ali tenants of the Property ad�ising them of this
<br /> Assignment and directing all Ren�s to be paid directly�o L�nder or Lender's agent.
<br /> Enter�he Prvperty. Lender rnay en�er upon and take possession of the Property;demand, colle�t and receive from
<br /> �he tenants or��rom any other persons liable therefor, all of the Rents; �nsti�u#e and carry on a1! legal p�oceedings
<br /> necessary f�r the protection o� th� Praperty, inc�uding su�h praceed�ngs as may be necessary #a reco�e�
<br /> possession of the Properky;callec#the Ren#s and rerno�e any tenan�or tenants or o#h��persons fram the Property.
<br /> Main#ain�he ProperEy. Lend�r may en�er upon the Property fo maintain the Praperty and keep#he same in repair;
<br /> tv pay�he casts thereo�and of all services of all employees, including�heir equipmen�,and o�'ail �ontinuing costs
<br /> and expenses of ma�ntaining�he Property in proper repair and Gonditia�,�and afso#o pay al1 taxes,assessments and
<br /> w�ter ut�lities,and the premiums on fire and ather insurance effect�d by Lender on the P�aperty.
<br /> Cvmpliance with Laws, �ender may do any and all things to ex�cu�� and cornply with the �aws of the State o�
<br /> Nebraska and a�sa al! ather Iaws, �ules, orders, ordinan�es and requi�emen#s of ai1 a#her governmen�al agencies
<br /> afiFec�ing the Prope�ty.
<br /> Lease the Proper�y. L�nder may ren�or leas��he whole or any part of the Praper�y for such��rm❑r t�rms and❑n
<br /> such conditions as Lender may deem appropr�ate.
<br /> Employ Agenfs. Lender may engage su�h agent or �gents as Lender may deem appropriate, either in Lender`s
<br /> name or in Gran��r's narne,�o ren#and manage�he Property, inciuding the�ollectian and app�ica�ion of R�nts.
<br /> �ther Acts. Lender may dv all such other things and ac�s with respect tn the Prap�rty as Lender may deem
<br /> appropria�e and may act exclusively and sole�y in the pla�e an� stead of Grantor and to have all af the powers af
<br /> Grantar fo�-the purposes sta�ed aba�e.
<br /> No Requ�rement�a Ac#. Lender shall not be required to d�any of�he foregaing ac�s or things, and the fact that
<br /> Lender shall have perFormed ❑ne flr rnar� ❑f the foregning acts Qr things shail not req�ire Lender to da any ather
<br /> specifiic act or thing.
<br /> ARPLICATI�N DF RENTS. Alf costs and expenses incurred �y Lender in connectian wi�h �he Prope�y shalI �e for
<br /> Gran#or's accaunt and Len�e� rnay pay such costs and expenses �rom the Rents. Lender, in its so�e discre�ion, shall
<br /> determine the application of any and ail Rents recei�ed by i#; ho�+e�er, any such Rents recei�ed by Lender which are
<br /> n�t applied to such cos�s and expenses shai� be applied to the Indebtedness. All expend��ures made by Lender under
<br /> this Ass�gnment and n�t reimbursed fram the Ren�s sha�f be�ome a part of the Indebtedness secured by this
<br /> Assignment,and shall be payable on demand,w�th interest at the No�e rate frorn date of expenditure unt�l paid.
<br /> FU�L PERF�RNfANCE. �-F Grantor pays all af�he lndebtedness when due and o�herwise performs al[ #he obligations
<br /> imposed upon�rantor under this Assignmen�,�h�Note,and#he Relat�d ❑o�uments, Lende�-shai[execu�e and deli�er to
<br /> Granta�a suitable satis�a�ti�n o#�this Assignm�n#and suitab�e statements of termination of any f€nancing s�a��ment on
<br /> fi�e e�idencing Lender's security interest in the Ren�s and the Proper�y. Any#�rminatian fee required by !aw shall be
<br /> paid by Gran�or, if perrnit�ed by app#icable law.
<br /> LEN�ER'S EXPENC]ITURES. l�any aGtian or praceeding is commenced that wauld materiaily a�fect Lender`s in�eres�En
<br /> the P�aperty or if Grantor faiis#o�omp�y with any pro�ision of this Assignm�n�or any Re�ated�acum�n�s, including but
<br /> no�iimited to Grantar's failur�ta dis�harge or pay when due any amounts Grantar is requ�red to discharge or pay under
<br /> th�s Assignrnen# or any Re�a#ed aocuments, Lende�on ��-antor's beha�f rnay �but shail n�# be obligated �a} take any
<br /> action that L�nde�- deems appropriate, �ncluding but na� limited to discha�ging or paying alf taxes, liens, secur�ty
<br /> in�e�-ests, encumbr�nces and othe�cl�ims, at any�ime le�ied or placed on the Rents or#he Property and paying all�osts
<br /> for insur�ng, ma�ntaining and preserving the Proper�y. A�I such exp�nditures �ncurred or paid by �ender �or such
<br /> purpases will �hen bear interest at the ra#e charged un�er the Note from the date incur�-�d ar paid by Lender t❑the da�e
<br /> of r�payment by Grantar. A�! such expenses wi�l becorr�e a par��f the fndebtedness and, at Lender's op�ion, wEf� �A} �
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