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<br /> A�SI�NtI��1VT' C]F R�N��
<br /> Laan Nn: ��[30D�0��8 ��v�t�nued� Page 5
<br /> granted�or purposes o�securi�y and may not be re�oked by Gran�or until such time as the same are renvunced by
<br /> Lender.
<br /> Se�erab�lity. ff a caurt of campeten��urisdiction finds any pro�ision of this Assignment to be i1legal, in�alid, ar
<br /> unenfor�eable as t❑ any circumstan�e, that finding sha�l n�� mak� the aff�nding provisian illegal, in�alid, ar
<br /> unen�or�ea��� as to any Qther ci�'cumstance. �f�'easib�e, thP af�ending pro�ision shaff be considered madifed s�
<br /> that it becomes legal, �alid and enforceable. !f the offending pro�isiort cannot �e sa modified, it shail be
<br /> considered dele#ed f�-am this Assignrnent. Unless o�herwise required by law, the illegality, inWalidity, o�
<br /> unenfor�eabflity a�any pro�ision of this Assignmen� shail not affect the legality, �alidity or enforceability of any
<br /> ather pro�isian of�his Assfgnment.
<br /> Successars and Assigns. Subject tQ any limitations stated in this Assignment nn transfer�f Grantor's inter�st,�his
<br /> Ass�gnment shall be binding upan and inure ta the b�nefit ❑f the pa�ties, their succes�ars and assigns. �f
<br /> ownership Qf#he Prope�ty becorn�s�ested �n a person other than �rantar, Lender,withou#notice�a Grantnr, may
<br /> deal with �rantor's su�c�ssors wi#h refer�nce to th�s Assignmen�and th� Indebtedness by way af forbearance ar
<br /> extension without releasing Gran�or from#he ohligatians af this Assignment��-liabi�ity under�he indeb�edness.
<br /> Time i�o�the Essence. Tirne is o��he essence in the performance of this Ass�gnmen�.
<br /> INaiUe Ju�y. All par�ies to#his Assignmen# hereby waive#he right#o any jury trial in any action, pro�eed�ng, o�
<br /> caunterclaim brought by any par#y against any other par�y.
<br /> 1Na�►►er o� Homes�ead Exempt�on. �rantor hereby releases and wai�e� a�l rights and benef�s of the homes�ead
<br /> � exemption laws of#he State of Nebraska as to all Indebtedrtess secured by this Assignment.
<br /> Wai�er of Right o� Redernption, NDTWITHSTANC]�NG AIV�' �F THE PR�VISI�NS T� THE C�NTRARY
<br /> G�NTAINED IN TH�S ASSIGNMENT, GRANT�R HEREBY 1NAIVES ANY AND ALL RIGHTS�F REDEMPTI�N FR�M
<br /> SALE UNDER ANY ORDER QR Jl.]i�GMENT �F FQRECL�SURE �N GRANT�R'S BEHALF AN❑ �N BEHALF �F
<br /> EACH AND EVERY PERSQN, EXCEPT JUDGMENT�REDIT�RS �F�RANTDR,AGQUIRIN�ANY INTEREST IN �R
<br /> TITLE TD THE PR�PERTY SUBSEQUENT TD THE DATE DF THIS ASSIGNMENT.
<br /> DEFIN�TI�NS. The fal�ow€ng capitaiized w�rds and �erms shal� ha�e �he following meanings when used in �his
<br /> Assignmen�. lJnle�s spec�fcal�y stated to the contrary, all references to dal[ar amounts shall mean amounts in lavv�ul
<br /> money o�the Unified States a�Amer�ca. VVards and terms used in�the singular sha�f inelude the p�ural, and #he plural
<br /> shall include the singular, as�he context may requir�. 1Nords and terms not oth�rwise defin�d in this Assignment shall
<br /> ha�e the meanings attributed to such�erms in#he Uniforrn Commercia��ad�: .
<br /> Assignmen#. Th�word"Assignmen�"means this ASSI�NMENT C�F RENTS, as�h�s AS5IGNMENT QF RENTS may
<br /> he amended�r ma�if�ed frorn time to�ime,together with ali exhibi�s and schedules at��ched t4 this ASSIGNMENT
<br /> �F REhITS frvm time�o time.
<br /> Bc�rrower. The word"Bor�-ower"means THE ELKS BU�LDING ASS�CIATIQN DF GRAN❑lSLAND, NEBRASKA.
<br /> Defaul�, The word "Defaul�"means the Defau��se�farth in this Assignment in the sec#i�n titled"Defaul#".
<br /> E�ent �f Defaul�. The words"E�ent of Defaul�"mean any ofi#he e�ents of default set forkh in this Assignment in
<br /> the default sec�ion o�'this Assignmen'�.
<br /> Grantar. The word"Grantar"rneans THE ELKS BUIL�ING ASSOC1ATIflN OF GRAhID 1SLAN0,NEBRASKA.
<br /> Guaran#y. The ward"Guaranty"means the guaranty fram guarantor, enda�ser,surety, or a�commodation party to
<br /> Len�er, including wi#hout limita�ion a guaranty of al! ��park af the No�e.
<br /> lndebtedness. The word "Indebtedness" means a11 principaI,: interest, and other amounts, costs and expenses
<br /> payable under #he Nate or Relat�d Docurnents, �ogether with all renewa�5 of, extensions a�, modifications af,
<br /> cansoliclatians of and substitutions for the Note ar Related Documents and any amounts expended or ad�an�ed by
<br /> L�nd��- �� discharge Grantflr's Qbliya�tians or expenses incurred by Lender to enforce Grantor's obligations un�er
<br /> this Assignment,�oge�her with in�erest on such amoun#s as pro�ided in this Assi�nment,
<br /> Lender. The word"Lender"means BAh1K flF THE WEST, its suc�essors and ass�gns.
<br /> Nvte. The word "Nate" means the promissory note dated August �6, ��'!5, ln �n� �ri�inai principa�
<br /> amount vf $'��D,��U.a❑frorn Grantar t� Lender, tagefiher with a�l renewals of, extensions a�, modifica�ions
<br /> o�,refinancings af, consal�da�ions of,and substi�u#ions far the promissary note or agreement.
<br /> Praperty. The word "Prop�rky" rrreans a�l af �rantor's r�ghfi, tit[e and interes# in and to a�l the Property as
<br /> described in the"Assignment"sectian af this Assignment,
<br /> Related ❑acuments. The words "I�e�a�ed ❑ocurnents" mean a[I promissary notes, cre�it a�reemen�s, �oan
<br /> a�reements, en�i�onm�ntal ag�eernents, gua�-an�i�s, securi#y agre�ments, markgages, deeds o� trus�, security
<br /> _ deeds, callateral mortgag�s, and al! o�h�r instrumen�s, agre�ments and dacuments, whether n�w or her�after
<br /> existing, executed in connec�ion w�th#he�ndeb#edness. .
<br /> Rents. The word "Rents" means a!I of�rantor's pr�s�nt and futur� rights,ti�le and interes�in, to �nd under any
<br /> and a(I pr�sent and future leases, including, wi�haut limita�ion, a�! ren�s, re�enue, inc�mer iSSLl�S, rc�ya�ti�s,
<br /> bonuses, accaunfs recei�ab(e, cash or securi�y dep�sits, ad�ance ren#als, profi�s and proceeds fram the Property,
<br />
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