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<br /> ASS�GNMENT �F RENTS
<br /> Loan No: '1D1289��3 �Gontinued� Page 5
<br /> Powers v�Attarney. The�arivus agencies and pvwers af attorney con�eyed on Lender under�his Assignment are
<br /> granted for purposes a�se�urity and may not be re�ol�ed by Gran�or untif such�ime as the same are renounced by
<br /> Lend e r. .
<br /> Severahility. !f a caurt v� c�mpetent�urisdiction �inds any pra�is��n of�his Assignment�C❑ be illega�, in�alid, or
<br /> unenforceable as ta any circumstance, tha� �inding shall no� make the ❑ffending pra�ision il[ega�, in�alid, or
<br /> unenfvr�eable as t❑ any other circumstance. I�feasi��e, the v�fending pravision shall be cansidered madified so
<br /> that i� becomes legal, �alid and en€arceable. l�f th� offending pro�ision cannot �e so rnodified, it shall be
<br /> considered deleted frvm this Assignment. Unfess otherwise required by law, the illegality, in�alidity, or
<br /> unenfor�eabi�sty of any pro�ision of this Assignment shall not aftect the legality, �al�d'€ty ❑r enforceal�il:ty ❑f any
<br /> a�her pra�ision❑�F this Assignrnent.
<br /> Successvrs and Assigns. Subje�t fio any lirnifia�ions stated in this Assignment an�ransfer❑f Grantor's interest,this
<br /> Assignment shall be hinding upon and inure t� �he benefit of �he parties, their successvrs and assigns. lf
<br /> �wnership o�the Prop�rty becomes�ested in a person other than Grantor, Lender, without no�ice to Grantor, may
<br /> dea�w�th Grantvr's successors v+rith reference tv this Assignment and the Indebtedness by way a�F fvrbearance o�
<br /> extension without�-eleasing Grantor from the ol�ligations a�this Assignrnent❑r liabili�y under�he fndebtedness.
<br /> Time is o�the Essen�e. T�me is of the essence in the per�armance of th�s Asstgnmen�.
<br /> V1lai�er of Homestead Exemp�ion. G rantor hereby releases and wai�es alf rights and benefits of the hamestead
<br /> exernption]aws of�he State❑f Nehraska as fio all indebtedness secured by�his Assignmenfi.
<br /> Vllaiver of Righ� of Redemptivn. NDTW�THSTANi]1NG ANY �F THE PR�V�51DN5 T� THE .C�NTRARY
<br /> C�NTAINED IN TH15 ASSfGNMEIVT, GRAhlTaR HEREBY WAIVES ANY AND ALL RIGHTS �F REDEMPTi�hl FR�M
<br /> SALE UNDER ANY DR�]ER �R JUDGMENT �F F�RECLDSURE �hl GRANT4R'S BEHALF AND DN BEHALF �F
<br /> EACH AN� EVERY PERSflN, EXGEPT JUDGMENT CftE�]1T�RS �F GRANTflR, AC�UfftlNG AN1� �NTEREST lIV DR
<br /> TlTLE TD THE PR�PERTY SUg5E4vENT T�THE DATE QF TH15 ASS�GIV1111ENT.
<br /> DEF1NITiaNS. The fol[owing capita�ized w�rds and terrns shalE ha�e fhe �ollowing rneanings when used in��his
<br /> Assignrnen�. Un[ess specifica�fy stated �❑ �he cantrary� al[ re�erences�❑ dallar arnounts shall mean amaun�s in law�ul
<br /> money ❑f#he Uni#ed 5tates o#America. VIlards and fierms used in fihe singular shal� include fihe p�ura�, and fih� plura�
<br /> shall in�lude�he singular, as th��ontex�may r�quire. Words and terms n��otherwise defin�d in this AssE�nmenfi sha[l
<br /> � ha�e�he meanings attributed to su�h terrns in the Unifarm�ommercia[Code:
<br /> Assignment. The word "Assignment" means this AS5IGNMEIVT❑F RENTS, as this ASSIGNMENT �F RENTS may
<br /> be amended❑r modified�r�m time�o time,tog�ther wi�h all exhibits and schedules at�ached�o�his ASSiGIVMENT
<br /> �F REIVTS fram time tv�ime.
<br /> gorrower. The ward "Bor�ower" means GRAND ISLAND CL�N1C BU[LDfNG, LLG.
<br /> Default. The word "De�aul�" means�he Default s�t far�h in this Assignment in the section tit��d "C�efault".
<br /> E�en�fi o�Defau�t. The wards "EWent o�De�ault" mean any of t�e e��nfis of default set forth in this Assignrnent in
<br /> the default se�tion ofi this Assignmen�.
<br /> Gran#or. The word "Grantar" means GRAIVD ISLAND CLlhll�6UILDING, LLC.
<br /> Guarantor. The word "Guarantor" rneans any guarantor, surety� ar a�comm�datian party ❑f any ❑r all ❑�F fihe
<br /> lndebtednsss.
<br /> Guaranty. The word "Guaranty" means the guaranfiy fram Guarantar fio Lender� incfuding wifihaut limitatian a
<br /> guaran�y of all or part❑fi the Note.
<br /> Indehtedness, The word "Indebtedness" means all principal, interest, and vther amoun�s, C05�5 and expenses
<br /> payable under the Nate or Related Documents, together with all renewals ❑f, extensions of, modifications vf,
<br /> consvlida�ions of and subsfiifiutions for the IVote or Related ❑ocumen�s and any amounts expended vr advanced 1ay
<br /> Lender�fl discharge Grantvr's ❑b�igations ❑r expenses incurred by Lender to enfarce Grantor's obligations under
<br /> �his Assignmen�, together with in�eresfi on such amounts as provided in �his Assignment. Speci�icaE��, wi�thout
<br /> limitafiivn, Indebtedness in�ludes�he�uture ad�ances set�nrth in�he Future Ad�ances pra�isian, togefiher with all
<br /> in�eres� therean and all amoun-�s tha� may be indi�-ec�ly secured hy the Cross-Calla�eralization pro�ision af #his
<br /> Assignment. ,
<br /> Lender. The ward "Lender" means Five Po�nts Bank, �fis successors and assigns. �
<br /> Note. The wa�d "Nate" means �he prornissary note da�ed September 3� 2�'i 5, �n the original principal
<br /> amount Df $4.35�a.g��.7� from Grantor ta Lsnder, together wEth a�l renevvals o�, extensians of,
<br /> modifii�ativns o�, refinancings o�, c�nsalidations ofi, and subs�itutions�or the promissory nofie or agreement.
<br /> � Praperfy. The ward "Praperty" means all ❑f Grantar's right, title and interest in and �o all �he Praperty as
<br /> desGribed in the"Assignment" section a�this Assignmen�. � _.
<br /> ,
<br /> Related Documents. The wards "Re�ated Dacuments" mean a�l promiss�ry no�es, credi� a�reements, loan
<br /> agre�men�s, en�ironmental agreements, guaranties, security agr�ements, mor�gag�s, deeds ❑� trust, securi�y ��
<br /> deeds, collateral mortgages, and a1l other insfiruments, agreements and da�uments, whefiher naw or hereaf�er
<br /> existing,executed in cannect�vn with the lndebtedness.
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