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��1 5��834
<br /> ASS�GNMENT �F RE1�T�
<br /> Loan Nv: 'I�'I 23�'144 4Continued� Page 4
<br /> Adverse Change. A material adverse chang� �ccurs in Grantar's f�nancial �and�tian, �r Lender b�lie�es the
<br /> prospect vf payment�r performance of the Indebt�dness is impaired.
<br /> Insecurity. Lender in g��d fai�h bel�ev�s itse�fi insecure.
<br /> Cure Prv►►isians. �f any d�fault, other �than a defaul� in payment, is curable and if Gran�ar has n�� been gi�en a
<br /> noti�e af a breach o��h� sarne provision vf this Assignment wi�hin �he pre�ed�ng twel�re {��� months, i� may be
<br /> cured if Grantor, a�ter Lender sends written n�tice ta Borrower demanding cure af such default: �1) cures the
<br /> defaul�t v�rithin fif�een t 15y days; ❑r t�7 if the cure requires more than �ifteen {'�5� days, immediately initiates steps
<br /> which Lender deerns in Lender's so�e discretion ta be �u�ficient �4 cure �he default and thereaft�r contir�ues and
<br /> c�mple�es a!I reasonable and necessary s�eps sufficient�a produce compliance as saan as reasonahly pra��tEcal.
<br /> RIGHTS AN❑REMEOIE� �N DEFAULT. Upon the occur�ence of any E�ent of Defauft and at any�ime therea�ter, Lender
<br /> may exercise any one or mare�f the follov►ring rights and remedies. �n addi�tivn ta any other r�ghts ar remedies pro�ided
<br /> by la�nr:
<br /> Accelerate Indebtedness. Lender shall haWe the right at its vpfian to de�lare th� entire lndebtedness immediately
<br /> due and payable, including any prepaymen�penal�y that Borrawer would be required�a pay.
<br /> Gollect Rents. Lender shall ha�e �he right, withou� noti�e tv g�rr�vuer ❑r Gran�or, to take poss�ssi4n �f the
<br /> Prop�rty and collect the Rents, including amaunts past due and unpaid, an� apply the n�t prviceeds, vver and
<br /> aba�e Lender's cas�sr against th� lndebtedness. �n fiur�herance �f this right, Lender shall ha�e a1l �he rights
<br /> proWided for in the Lender's REght to Recefv� and Colie�t R�n�s Section, above. If the Rents are callected by
<br /> Lend�r, then Grantor ir�eWocably designates Lender as Grantor's attorney-in-fac�tv endors� instruments received in
<br /> paym�nt thereo�f in the name �f Grantar and to negatiate�he same and collect the proceeds. Payments by�enants
<br /> or other users to Len�ler in rssponse to Lender's demand shali satisfy the obligations for which �he payments ar�
<br /> made, whether ar na� any prt�per graunds far the demand existed. L�nd�r may e�cerGise its r�ghts under this
<br /> su�para�raph�ither in person, by agent, ar through a recei►�er.
<br /> Qther Rernedies. Lender shafl ha�e a�ll �ther rights and remedies provided in this Assignment or the Nvte or by
<br /> 1aw.
<br /> Ele�tian of Remedies. Elect�on by Lender to pursue any remedy shall not�xclud� pursuit of any other rem�dy, and
<br /> an ele�tion to make expenditures or tv take aGtian ta perfvrm an v�lig��ion a��rantar under�his Assignment, after
<br /> �rantor's failure t❑perfiarm,shal! nat afFect Lender's righfi ta declare a de�ault and�x�rcise its remedies.
<br /> AttvrneYs' Fees; Exp�nses. lf Lender insti�utes any suit or acti�n�o enfarce any�f th��erms af this Assignment,
<br /> Lender shafl be entitled �o rec��er such sum as th� �ourt may ad;udge r�asana�le as attarneys' �rees a�t trial and
<br /> upan any appeafo Whether ar nat any court a�tion Es involved, and to the extent not prohibited by �aw, all
<br /> reasonafole expenses Lender in�urs tha� in Lender's ❑pinian are necessary at any time for �he prnt��tion af its
<br /> interest or the en�orcement v�its rights shall becarne a part a�the fndebtedness payable on demand and sha�l bear
<br /> interest at the Nvte rate from�the date o�the expend�ture until repaid. E�€penses c��ered by this paragraph include,
<br /> without limita�ian, hawever subjec�to any limi�s und�r applicable law, Lender's attarne�s' f�es and Lender's Iegal
<br /> expenses, whether or no� th�re is a lawsuit, in�luding attvrn�ys` f�es and expenses �For bankruptcy praceedEngs
<br /> {including efforts�o modi�y or vacate any automatic stay ar injunc�ion3, appeais, and any an�icipated pos��judgmen�
<br /> �vl��ction serWices, the cost of searching reGards, ab�aining title rep�r�Cs tincluding far��losur� reports}■ SI.IfVe�lU�S�
<br /> reparts, and apprai�al fees, title insurance, and fiees for the Trustee, to the exten� permit�ted �y applt�a�le law.
<br /> Grantor also will pay any cour�costs, �n addition to all other sums provided by iaw.
<br /> MISCELLAIVE�US PR�VIS»N5. The following miscellanevus pra�isivns are a part af this Ass�gnrnent:
<br /> Amendments. This Assignment, toge�her ►nri�h �ny Related Do�uments, �onstitut�� the entire understan�fing and
<br /> agre�menfi vf the parties as �� �he mattsrs set tarth in this r4ssignment. IVo alfieratian of or amendment t� this
<br /> Assi�nment shall be ef#ec�ive unless gi�en in writing and signed by the party ar parfiies saught to be charged ❑r
<br /> bvund by the alt�ration or amendment.
<br /> Captivn Headings. Caption headings in this Assignment are for c�n�enien�e purposes only and are not to be used
<br /> t�in�erpret or define the praWisions af�his Assignment.
<br /> Gv►►erning Law. Th�s Assignment wrll be gaverned by federal law applicable fi❑ L�nder and. �v the ext�nt not
<br /> preempted by federal law,�he laws�f�he State of Ne�rastca without regard to i�s conflicts of law pro�isivns. This
<br /> Assignment has been a��epted by Lender in the S�a�e of IVebraska.
<br /> Choice a#Venue. If there is a lawsuit, Grantor agrees upon Lender's �equest to submi�to the �urisdiction a�the
<br /> caurts o�HALL County, State❑f Nebraska.
<br /> Joint and 5everal Liability. Ail obliga�ions of 6orr�wer and �rant�r under this Ass�gnment shall be joint and
<br /> seWeral, and all referen�es�o Grantar shall mean each and every�rantor, and all references ta Bor�vwer shall mean
<br /> each and e�ery Barrower. This means that each Grantor signing b�low is r�sponsilaie �Fvr all obligatinns in this
<br /> Assignment. Where any one or more o�the par�ies is a cvrporatian, par�nership, limified liability company vr similar
<br /> entity, it is not necessary for Lender�o inquire into�he pawers of any��the af�Ficers, direc#ors, par�ners, rnembers,
<br /> or❑ther agents actin� ar purpvrt�ng t� act an�he entity"s behalf, and �ny ohliga�ions made or cr�at�d in relian�e
<br /> upon the professed �xer�ise of such pawers shall be guaranteed under this Assignment.
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