200002046 - Laserfiche WebLink

Browse

01 -19 -1999 Loan No ASSIGNMENT OF RENTS Page 4 (Continued) 200002046 Severability. If a court of competent jurisdiction finds any provision of this Assignment to be invalid or unenforceable as to any person or circumstance, such finding shall not render that provision invalid or unenforceable as to any other persons or circumstances. If feasible, any such offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions of this Assignment in all other respects shall remain valid and enforceable. Successors and Assigns. Subject to the limitations stated in this Assignment on transfer of Grantor's interest, this Assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in a person other than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with reference to this Assignment and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Assignment or liability under the Indebtedness. Time Is of the Essence. Time is of the essence in the performance of this Assignment. Waiver of Homestead Exemption. Grantor hereby releases and waives all rights and benefits of the homestead exemption laws of the State of Nebraska as to all Indebtedness secured by this Assignment. Waivers and Consents. Lender shall not be deemed to have waived any rights under this Assignment (or under the Related Documents) unless such waiver is in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by any party of a provision of this Assignment shall not constitute a waiver of or prejudice the party's right otherwise to demand strict compliance with that provision or any other provision. No prior waiver by Lender, nor any course of dealing between Lender and Grantor or Borrower, shall constitute a waiver of any of Lender's rights or any of Grantor or Borrower's obligations as to any future transactions. Whenever consent by Lender is required in this Assignment, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required. EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS ASSIGNMENT OF RENTS, AND EACH GRANTOR AGREES TO ITS TERMS. A GRANT.0f k X ' X i��>Q� Alvin D. Kowalski, Jr. ` atricia C. Kowalsk Randall L. Kowalski INDIVIDUAL ACKNOWLEDGMENT STATE OF /I )SS COUNTY OFl/l� / ) On this day before me, the undersigned Notary Public, personally appeared Alvin D. Kowalski, Jr.; Patricia C. Kowalski; and Randall L. Kowalski, to me known to be the individuals described in and who executed the Assignment of Rents, and acknowledged that they signed the Assignment as their free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and official seal this / U day of �i r, 19,- 20O6 r GENERAL NOTARY -State of Nebraska CORINNE M. KETTERLING jjl My Comm. Exp. Od 9, 2002 Notary Public in and for the Residing at My commission expires LASER PRO, Reg. U.S. Pat. & T.M. Off., Ver. 3.28c (c) 1999 CFI ProServices, Inc. All rights reserved. [NE -G14 E3.28 F3.28 007319.LN C31.OVLI