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��1 5�6� 1 5
<br /> ►4�S��hi 1�ENT �F RENT�
<br /> ���nt�n ued� Page �
<br /> Nebraska and alsa afl other laws, rules, orders, ardinan�es and requirements of alI other go�ernmental ager�c�es
<br /> affecting the P�aperty.
<br /> Lease�he Praperty. Lender may rent or lease the whole or any part af the Property�or such term ar te�-ms and on
<br /> such conditians as Lender may de�m apprapriat�.
<br /> Emplay Agents, Lender may engage such agent or agenfs as Lender may deem appropriate, eithe�- ir� Lender's
<br /> name❑r in �rantor's narne,t❑ ren�and manage th�Pmperty,inc�uding#h��Qllection and appli�ation o�Rents.
<br /> �ther Acts, Lender may dv all suc�7 of�lef fhings an� acts wi�h respect t� the Proper�y as Lender may deee-n
<br /> apprapria�e ar�d may act exclusi�ely and sQlely�n the p�ac�and stead vf Grantor and ta ha�e all of the p�wers of
<br /> �rantar far th��urposes sfated abave.
<br /> No Requirement fv ACt. Lende�-Shall not be required�o do a�y of the �aregoing acts or�hings, and the fact#hat
<br /> Lender shai� ha�e performed one ar mare of the foregn�ng ac�s or things shall nat require �ender ta d❑any oth�r
<br /> specifi�act or�hing.
<br /> APPLICAT��N �F �ENTS. All cos�s and expenses incurred by Lender in ��nnecti�n with �he Property shall be for
<br /> Gran�or's acc�unt and Lender may pay such cas�s and expenses frvm the Ren�s. Lender, �n ifs scyle discretian, shall
<br /> determine the application of any and ali Rents received by i�; hvwe�er, any such Rents recei�ed by Lender wh�ch are
<br /> na�applied tv su�h cflsts and�xpense5 shall be applied ta the lnd�btedness. All expenditures made by Lender under
<br /> this Assignment and nv� reimbursed from �h� Rents shall becorne a part vf the Indebtedness secured by this
<br /> Assignment,and shall be payable an demand,wEth in�erest at the h1o�e rate from da�e of e�cpenditure un���paid.
<br /> FULL PERF�RMANGE. If Gr�n�ar pays ali o�the Indebt�dness when due and o�henrvise perf�rms �Il the ob�igations
<br /> impased upon Gran�o�under this Assignment,the Note,and�he Reiated Documents, L�nder shalt�xecute and deli�e�-to
<br /> �rantor a suitabf�satisfacfion of this Assi�nment and suitable sta�ements of termination ofi�ny financing�ta�ement an
<br /> f le e�idencing Lende�'s security interest in tha Rents and the F�roperty. Any�ermination f�e required �y law sha�l be
<br /> paid by Grantor,if p�rmitted by applicab[e law.
<br /> LENDER'S EXPENDIT�RES. If any action ar prneeeding is oommenced�hat wauld materialfy af�ect Lender's in�eresfi in
<br /> the Properfy❑r if Gran�o��aifs to comply with any pravision af�his A�signm�nt ar any Re�ated Documen�s,inc[uding but
<br /> not limited to Grantor's fai�ure ta discharg�or pay when due any amoun�S Grantor is required�o discharge❑r pay under
<br /> this Assignmen# �r any Related D�cuments, Lend�r on Gran�or's b�half may�but shall not be obfiga�ed t�}take any
<br /> action that Lender deems appropria�e, ineiuding but nat fimited to dis�harging or paying all �axes, [iens, securi�y
<br /> �nterests,encumbrances and other��aims,at any tirne(e�ned or pla�ed on the Rents�r the Praperty and paying af�casts
<br /> fnr insur;ng, maintain�ng and prese�ving t��e Property. All such expenditures incur�ed or paid by Lende��or such
<br /> purposes v►rill then hear interest a�the rate cha�ged�nder th�h�ote fram�he date incurred or paid by Lender to�he date
<br /> o�r repayment�y Grantor. All su�h e�penses wiil become a patt o��he�ndebtednes� and, at Lende�'s option, will (A}
<br /> be payable on demand; 4B} be added tv the balance o��he No��and be apporkioned among and be payable vvith any
<br /> installment payments to become due du�ing either [�] the term vf any applicable insurance policy; or �2� the
<br /> remaining�erm af fihe Nvte; ar �C� be#reated as a balloorr payment vvhich wil� be �ue and �ayable at the Note's
<br /> maturi�y. The Assignment a�sa will se�ure paymen�of th�s��rrtaunts. Such right sha1�be in additian to all o�her rights
<br /> and r�medies�o whi�h L.ender ma�be entitled upo�a Default.
<br /> DEFA�LT. Each of the fvf�owing,at Lender's ap�ion, sha�I�onsti�ute an E�en�af Defauit under fhis Assignment:
<br /> Paymen�Default, Grantvr faifs tv rnake any paymen�when due under the�ndebtedness.
<br /> ��her Defaults. �ran�or fails ta �omply with vr to perforrn any ❑ther term, ❑bligation, co�enant ❑r cvnditian
<br /> �antained in th�s Assignrnent or in an}� o� th� Rela�ed Documents vr �o comply with �r �o perforrn any term,
<br /> abiigationr cavenant ar cand€�ion c�ntained in any other agr�eement between Lender and Grantor.
<br /> Default on Dther Payments. Failure❑f Gran�or wit�7in the�ime required by�his Assignm�nt to make any pa�m�nt
<br /> fvr taxes flr insurance,or any v�her paymen�necessary�o prevent�ilin�afi❑t-t❑eff�et disGharge of ar�y lien.
<br /> aefault in Farror v# Third Parties. Grantor de�aults under any loan, ex�ension of credi'�, security agreement,
<br /> purchase❑r sa�es agreement, ❑r any other agreement, in fa�or❑f any❑ther creditor or person that may materialiy
<br /> affect any of Grantar's property ar ability to pe�Form Grantar's obligat#ons under�his Assignm�nt ar any of the
<br /> Rela#�d Documen�s.
<br /> False Statements. Any warranty, repr�esenta�ion ❑r statemen� made ar furnish�d to Lender by Gran�ar or on
<br /> Grantor's beha3f unde��his Assignment or the Retat�d Dacuments �s false or misleading in any rnaterial respect,
<br /> either naw or a�the time m�de ar fumished or be�arnes false or mis€eading at an�tirne thereafter.
<br /> �efectirre Gvllateratization. This Ass€gnrnent or any vf the Retated Dvcum�nts ceases tv be in full fiorce and effect
<br /> �including failure o�any colla�era�dvcurnent t� create a vafid and perfect�d securi�y interest or lien}at any�ime and
<br /> fo r any reas�n_
<br /> Death or Insalvency. The death v�Grantor,the insofvency vf Grantor,the appointment af a rec�i�er�or any par�of
<br /> Gr�ntor's property, any assignment fo� the henefit ❑� c�editors, any �ype af credito�' w�rkvut, or th�
<br /> commen�em�nt of any�rviceeding under any hankruptcy��-�nso��ency laws by or against G�-antar.
<br /> Creditor or Forfe'rture PraGeed�n�s. �ommen�ement �f�oreclasur� or forFeiture procaedings, whether by judicial
<br /> prQceeding,self help, repossessi�n or any vther methad, by any creditor❑�Grantar ar by any go�ernmen�a�a�ency
<br /> against the l�en�s ❑r any property securing the Endebtedness. Th�s inGludes a �arnfshmen� ❑f any of Grantor's
<br /> accaunts, inc�uding depos�� accoun#s, with Lender. Hawe�er, �his Event of L3e�Fau1� shali nvt apply if there is a
<br /> good#aith dispu�e by �rantQr as#o�he vaiidity or reasanablen�ss af the claim whicn is�he basis of�he cred�tc�r ar
<br /> forte��ure proceeding and if Grantar gives Lender written notice of the creditor or for��iture praceeding and depvsi�s
<br /> with Lender m�nies or a sure�y band for the creditor ar fior#ei#ure proceed�ng, in an ar�aunt dete�mined by Lender,
<br /> in its sole discre�ian,as being an adequate resenre or bond f�r the dispu�e.
<br /> Rrvperty C�amage ar Loss. The Property is last, s�olen,subs#an�ialfy damaged,sold,or borrowed against.
<br /> Events A�#ecfing Guarantor. Any vf the pre�ed�ng e�ents❑ccurs wi�h respect to any guarantor, end�rser,surety>
<br /> or a�carnmvda�ian party af any of the �ndeb��dnes�or any guarant�r, endorser, surei�, or a�cammodat�on party
<br /> dies ❑r be�ornes �ncompeten�, or �-eWokes or disputes the �alidi�y ��, vr fiability under, any �uaranty c�f the
<br /> �ndebtedness.
<br /> Adverse �hange. A material ad�erse change occurs in Grantor`s fnancial conditian, ¢�- Lender bel���es th�
<br /> prospe�#of payment or perFormance of the lndela�edness�s impaired.
<br /> lnsecurity. Lender in gvod faith beiie�es itse��'insecure.
<br /> RI�HTS AIVD RE�IEDIES�N DEFAULT. Upan the occurrence af any Event of D�fauft an�a�any time thereafter, Lender
<br /> may exercise any one or rnore of the follawing rig�ts and remedies,in addi�ion�o any o�her r�ghts or remedies provided
<br /> by law:
<br /> �►�ceie�ate In�e��edness. Lender shal� have�he �-ight at its op�ion#❑ declare the entire lndebtedness immediately
<br /> du��nd payabfe,including any prepayment p�nafty�ha��rantor v�rauld�e required�❑pay.
<br /> Ga�lec� �en�s� Lender shall have the righ�, w�thau� natice �a �rantv�-, �o tak� pQssession of �he Praperty and
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