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��1 5��834
<br /> ASSl��lMEiVT �F RENTS.
<br /> Loan IV�; ���2��'144 ���n��nuedj �age 5
<br /> IVlerger. There shall be no m�r�er❑f the �n�erest or es�ate created by �his assignment with any other interesfi ar
<br /> estate in�he Praper�y at any time held by�r far th� benefit of Lender in any capacity, without the Written consen�
<br /> vf Lender.
<br /> ln�erprefiation. �1} In all cases where there is mare than Qne Barrvwer ar Gran�or, then a!i wvrds used in �his
<br /> �►ssi�nment in�he singular shall b�deemed ta haWe b�en used in the plural where the context and construction s�
<br /> re�uire. �2� ]f more than one person signs this Assignment as "Grantor," th�❑bligations❑f each Gran�vr are join�
<br /> and se�eral. This means that if Lender brings a lawsuit, Lender may su� any ane ar rnore of the Grantors. If
<br /> Borrower and Grantor are not the same p�rson, L�nder need no�sue Borrower firs�, and that Borrawer need nat be
<br /> joined in anV lawsuit. �3y Th� narnes given �o paragraphs ar sectians in this Assignment are �or canveni�nce
<br /> purposes on[y.They are not to be used to in�erpret�r define the provisions afi this Assignment.
<br /> Nv INair►er hy Lender. Lend�r shall not be deemed to have wai�ed any rights under thts Assignment unl�ss such
<br /> waiver is gi�en in wri�ing and signed by Lender. No delay or omission on#he part of Lend�r in exercising any right
<br /> shall operate as a wai�er ❑f such right or any o�he� right. A wai�er by Lender o� a pro�ision of�his Assignment
<br /> shall not prejudice or �anstitute a wai�er of L�nder"s right otherwise to demand stri�t c�mpliance with that
<br /> pro�ision or any o�her provision vf this Assignment. No pri�r waiver by Lender, nor any cvurse af dealing bet�rveen
<br /> Lender and Grantor, sha11 constitute a wai�er af any of Lender's rights or o�f any vf Gran�tor's obli�ations as to �ny
<br /> fu�ure transactions. V1lh�ne�er the consent o� Lender is required under this Assignment, the gr�nting af SUCh
<br /> consent 1ay Lender in any instance shall no� canstitute continuin� �ansen� ta subsequent instances where such
<br /> cansent is require� and in all cas�s such consent rnay be granted or withheld in the sa�e dis�rc�ion o�F Lende�,
<br /> Nofi�es. Any natice required t❑ �e gi�en under �his Assignment shall be given in writing, and shall be e��Fecti�e
<br /> when actually d�li�ered, when a�tually recei�ed by �el�facsimile �unless ofiherwise required �by law�, when
<br /> dep�sited wi�h a natianally re�ogni�ed a��rnight c�urier, �r, i�mailed, when deposi�ed in the lJnited 5tates mail, as
<br /> first class, certified or r�gistered mail postage prepaid, direct�d ta the addresses shown n�ar�he beginning of this
<br /> Assignmen�. Any party may change i�s addre�s far no�ices under�his Ass�gnment by gi�ing fiormal written no�ic�
<br /> t� the ather par�ies, speeifying that th� purpvse of the no�tic� is to change the party's address. Far natice
<br /> purpases, Grantor agre�s ta ke�p Lender inform�� at a�l times of Grantor's curren� address. Unless a�herwise
<br /> pra�ided ar required by Caw, if there is mare than ❑ng Grantar, any noti�e given by Lender t❑ any Grantor is
<br /> deerned to b�n��ice giWen to all �rantors.
<br /> Powers of Attorney. The �arious agencies and p�Wers ofi attorney c�nveyed on Lender under this Assignrnent are
<br /> gran�ed fvr purposes afi security and may not be revoked by Grant�r until such�time as the same are renounced by
<br /> Lender.
<br /> Severability. I�f a �ourt af cvmpe�ent jurisdic�ion finds any pro�isian of�his Assignment ta be illegal, snva�id, or
<br /> unenfvrceable as to any circurnstancc, �hat �inding shall not make the affending proW�sian illegai, in�alid, v�
<br /> unenforc�able as to any ather c�rcums�ance. l�feasible. the of�ending pra�isian shall be cnnsidered mQdi�ied so
<br /> that it becomes legal, �alid and enforceable. If the a�fending pr��isior� cannat be so mvdified, it shail be
<br /> �onsidered delet�d frrom ��his Assignment, LJnl�ss otherwis� r�quired by law, the illegality, invalidity, or
<br /> unenfi��ceability of any pro�isian o� this Assignment shall no� af�ect �the legality, Walidity ar en�orc�ab�lixy of any
<br /> vther prvv�sion of�khis Assignment.
<br /> Successors and Assigns. Subject to any limita�ivns s�ated in this Assignrnen�vn transfer of�ran�or's interest,�his
<br /> Assignment shal� be binding upon and inure to the benefit of the par�ies, their successors and assi�ns. If
<br /> ownership of the Prop�rty becornes wested in a person o�kher than Gran�or, Lender, �rvi�hout notice to Grantar, rnay
<br /> deal with Gran�vr's successars wi�h re�erence ta this Assignmsnt and �he Ind�btedness by W►ray o� forbearance or
<br /> extension withou�releasing Gran�vr�rom�he obligations of this Assignmen�ar liab�lity under the Indebfiedness.
<br /> Time is of#hs Essence. Time is of th�essence in�he perfarmance o�this Assignment.
<br /> Waiver of Hamestead Exemptivn. Grantor hereby releases and waives al1 rights and benefi�s a� th� homest�ad
<br /> exemption laws❑f the State❑f IVe�raslca as to alI�ndebtedness secured f�y this Assignm�n�. �
<br /> Waiver of Right o'F Redernptian. N�TVIIITHST�►ND�NG AIV� DF THE PR�VISIaNS T� THE C�NTRARY
<br /> C�NTAINED �N TH15 A551GNMENT, GRANTOR HEREBY 1NAIVES AN1�AND ALL ftIGHTS�F REDEMPTI�]N �RQM
<br /> SALE UN[JER ANY �RDER aR JUDGMEfUT �F FDRE�LOSURE aN GRANT�R'S BEHALF AND �N BEHALF C�F
<br /> EACH AN❑ EVERY PERSON, E�CCEPT JUDGMENT CREDITQRS DF GRANTDR, A�QU�RIN� ANY iNTEREST 1N DR
<br /> T�TLE TD THE PR�PERTY SL1gSEQUENT T�THE❑ATE�F TH15 ASSIGNMENT.
<br /> DEFINITI�NS. The following capitalized �rv�rds and t�rms sha!! hav� the �of�owing meanings when used in fihis
<br /> Assignmen�. Unless specifiically sta��ed ko the contrary, a!I referenGes to dallar amounts shall mean arnaunts �n lawful
<br /> maney o�the Uni�ed Stat�s vf Arnerica. Words and terms used in the singula� shall include �fihe plural, and the plural
<br /> shall include�he singular, as the c�n�ext rnay require. Words and terms not otherwise defined in this Assignmen�Shall
<br /> ha�e the meanings attributed ta such terms in the Uniform C�mmercial Cade:
<br /> assignrnen�. The word "Assignment" means this ASSiGNMENT�F RENTS, as this ASSIGNMENT�F RENTS may
<br /> be amended or modified �rarn tEme t��ime, togeth�r with all exhibits and schedu�es at�ached ta�his ASS1G IVMENT
<br /> aF REIVTS fr�m time�ro time.
<br /> BQrrawer, Th�wvrd "ga�rower" means WING EMPIRE, IIV�,; DEAN R PEGG; and AMDS ANS�N.
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