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2� 15�7421 ASSIGNI�ENT �F RENTS Lvan No: 'I D'[�9�'i 4'i �Cont�tlued� Page 2 below and so long as there is na de�ault under�his Assignmen�, Granfivr may remain in passession and cvntrvl ofi and apera�e and manage fihe Property and collecfi th� Rents, pro�ided that�he granting vf�he right tv coi�ec��he Ren�s shali not cons�i�kute Lender`s consent to the use of cash cvllateraf in a hankrup�cy proceeding. GRANT�R'S REPRESENTATIDNS AN❑VIIARRANTIES. Gran�ar v►rarran�s�hat: Dwnership. Gran�or is entitled �❑ recei�e the Rents free and clear o-� a!I rights, Ioans, liens, encumbrances, and c�aims except as disclvsed fiv and accepted by Lende�-in writing. Right tv Assign. Gran�ar has the �ull right, power and authority ta enter in�o this Ass�gnment and to assign and c�n�ey the Rents�a Lender. No Prior Assignment. Grantor has nvt p�e�iously assigned or con�eyed the Rents �o any ather person by any ins�rumen�now in,for�e. N❑ Fu�he�Trans�er. Grantar wili not sell, assign, en�umher, ❑r otherwise dispose of any vf Grantor's rights in the Ren�s except as pr��ided in this Assignment. LENDER'S RIGHT T❑ REGEIVE AN❑ CQLLECT RENTS, Lender shall ha�e �he right at any �ime, and e�en though no de�ault shall ha�e occurr�d under this Assignment, t❑ �ollect and recei�e th� Rents. For this purpose, Lender is hereby gi�en and granted the follvwing rights, powers and au�hority: No�ice ta Tenants. Lender may send no�ices t❑ any and all tenants of the Property ad�is�ng �hem of this Assignmenfi and dire��ing all Rents to be paid direc�ly to Lender or Lender`s agent. Enter the Property. Lender may enter upon and take possessian vt fihe Praperfiy; demand, c�llect and rece��e�rvm the�enants or�rvm any o�her persons liable�he�e�or, all ❑f the Rents; tnstitute and carry on a[I I�ga1 proceedings necessary for the protection vf the Property, �nc�uding such praceedings as may be necessary ta reco�er possession of�he Prvperty; �a�lec��he Ren�s and rema�e any tenan��r tenan�s ❑r vther persvns from the Property. IUlaintain the Property. Lender may enter upan the Praperty tv maintain the Praperty and keep the same in repair; ta pay the cvsts�herev�and ❑f all ser�ices ❑f all emplvyees. including their equipment, and v�ali can�inuing costs and expenses of maintaining the Property in proper repair and condifiion, and also fia pay all taxes, assessments and water u�ili�ies, and�he premiums on fiire and v�her insurance e�ffected by Lend�r an the Praper�ty. Compliance with Laws. Lender may d❑ any and all things to execute and�comply with the laws af�he State af Nebraska and also all o�her laws� ruies, ❑rders, vrdEnances and requirements o� all other gv�ernmentat agencies a��ec�ing fihe Prvper�y. Lease�he Prvper�y. Lender may r�nt or lease�he who�e or any part o�th� Praperty fvr such�erm or terms and ❑n such cvndifiions as Lender may deem appropria�e. Emplvy Agen�s. Lender may engage such agent or agen�s as Lender may deem appraprtate, either in Lender's name or in Grantor's name,�❑ rent and manage�he Pr�pe�ty, including�he coilection and application of Rents. �ther Acts. Lender may do a!I such ❑�her things and acts with respect �❑ the Proper'ty as Lender may deem apprapriate and may act exclusive[y and so[ely in the place and stead o� Grantor and ta ha�e all ❑f the pvwers vf G ran�a�-�vr�he purpases stated aho�e. Na R�quirement#o Act. Lender shall na�t �e required to d❑ any af the �vregaing acts ❑r things, and the fact�hat Lender shai! ha�e perfvrmed one or more of the foregoing acts or things shal[ not require Lender t❑ do any other specific ac�or thing. APPLICATl�N �F RENTS. All costs and expenses incurred by Lender in cannection with �he Property shafl be -For Grantvr's account and Lender may pay such cosfis and expenses from the Ren�s. Lender, in its sole discretion, shal[ de�ermine the app��cation ❑f any and all Rents receiWed by ifi; hvwe�er, any su�h Ren�s receiWed 1�y L�nder which are nat applied to such cvsts and expenses shall be applied to �he lndebtedness. All expendi�ures made by Lender under this Assignment and not reimhursed frvm the Rents shall become a park of �he lndebtedness secured by �h�s Ass�gnrnen�t, and shall be payab�e on demand, wi�h interest at the Note rate from date of expendi�ure un�il paid. FULL PERF�RMANCE. �f G�-antor pays all o� �he lndel��edness when due and ❑therwise per�orms all �he obliga�ions imposed upon Gran�or under this Assignment,�he Nv�e, and the Related aacuments, Lender shall execu�e and deli�er fio Grantvr a suitahle safiis�actian o�this Assignmen�and sui�a��e sta�emen�s o€terminati�n of any-�inancing s�atement❑n �i�e e�idencing Lender's security Enterest in �he Rents and the P�-aperty. Any termination fee required by law shali be paid i�y Grantor, if permitted by applical�le law. LENDER'S EXPENaITURES. !f any ac�tian or proceedEng is commenced that wvuld mate�-ially affiecfi Lender's interes�t in the Properky or i�Grantor fails to compfy with any pro�isian of this Assignment or any Related ❑o�uments, including bu# nofi iimited�❑ Grantor's failure to discharge or pay when due any amounts Grantor is required to dis�harge or pay und�r �his Assignmen� or any Related Documents, Lender on Grantar's behalf may �}�u� shall no� be obl�ga�ed �o� �kake any action �hafi Lender deems app�ropriate, including but nvt limited tv discharging ❑r paying all �axes, liens, security in�eres�s, encumbrances and other�laims, a�any time le�ied ar�[aced an the Ren�s ar the Property and �aying a�! �os�s �vr insuring, maintaining and preser��ng the Prvperty. All such expenditures incurred ❑r paid by Lender for such purposes will then bear interes�at�he rate charged under the Nv�e frnm the date incurred or paid hy Lender to the da�e ❑� repayment by Gran�tor. A!I su�h expenses wilC becvme a part af the indebtedness and, at Lender's vption, wil[ {A}