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201600073
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Last modified
7/21/2017 2:39:44 PM
Creation date
1/7/2016 8:48:38 AM
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DEEDS
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201600073
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2� 1 ����73 <br /> ASSIGNMENT �F RENTS � <br /> Lvan N�: 'i�'129���7 �Continued} Page � <br /> AND ALL DBLlGATl�NS �F gDRR�1NER AND GRANT�R UNDER THE NaTE� TH�S A551�NMENT,AND THE RELATED <br /> D�CUMENTS. THIS A5SIGNMENT 1S GIVEN AND A�CEPTED �N THE F�LL�Vt11NG TERMS: <br /> GRANT�Fi'S 1JVAiVERS. G�-antvr wai�es all rights ❑r defenses arising 1ay reason of any "ane acti�n" or "an�i-deficiency" <br /> law, ❑r any vther law which may pre�ent Lender from bringing any ac�ian against Gran�ar, incjuding a claim �or <br /> de�iciency�o�he extent Lender is otherwise enti�l�d to a claim for deficiency, befare ❑r after Lender's commencement <br /> or completion of any�arec�osure action, either Judicially ar hy exercise o�F a pow�r o�sale. <br /> BDRR�WER'S VITAlVERS AND RESP�NSIBILITIES. Lender ne�d nat tel� Barrower about any activn or ina��ion Lender <br /> takes in connection with this Assignment. Borr�wer assumes �he responsibility fo�- being and keeping infarmed abau� <br /> �khe Property. Bvrrawer wai�es any defenses that may arise because of any actian or inaction o� Lender, inciuding <br /> wi�hout [imita�ion any fiailure of Lender ta realize upon �he Praperty, or any delay by Lender in realiz'tng upon �he <br /> Property. 6arrowe�r agrees to remain liable under the N�te wi�h Lender n❑ matker what ac�ion Lender�akes nr fails�o <br /> �ake under this Assignmenfi. <br /> PAYMENT AND PERF�RMANCE. Exoep� as ofiherwis� pro�ided in�his Assignment nr any Related Dvcuments, Grantvr <br /> shall pay �❑ Lender all amaunts secur�d hy �his Assignmenfi as they become due, and shall st�-i�tly perform all ❑� <br /> Gran�or's ❑bliga�ions under this Assignment. Unless and un�il Lender exercises its right to �vllect the Rents as pro�ided <br /> belvw and s❑ �ong as there E5 n❑ default under this Assignrnen�, G1'ant�C Il"fa�l I'e171�IC1 ln pD55L5S10n and con�ro� of and <br /> opera�e and manage fihe Praperfiy and colle�t�he Rents, pro�ided that the granting o�fihe right�a collec�the Rents shal� <br /> nofi cvnstitu�ke Lender's cansent to the use��F cash co[[ateral in a bankrupt�y proceeding. <br /> GRANT�R'S REPRESENTAT�aNS AND 1NARRANTIES. Grantor warrants tha�: <br /> awnership. Gran�or is en�i�led �a reGei�e �he Rents �free and clear of a![ rights, loans, �iens, encumhrances, and <br /> �laims excepfi as discEosed fiv and ac�e�ted by Lender in wri�ing. <br /> Righ�#v Assign. Grantvr has the full right, pvwer and authori�y to enter intv �this Assignmenfi and to assign and <br /> can�ey�he Rents to Lender. <br /> Nv Pr�vr Assignment. Grantvr has nvt pre�iously assigned ar con�eyed fihe Rents to any ❑ther person by any <br /> insfirumen�nvw in force. <br /> No Further Transfer. Grantor will not sell, assign, encumber, ar otherwise dispose of any o#Grantor`s r�ghts 3n�he <br /> Rents ex�ept as pro�ided in�his Assignmen�. . <br /> � LENI�ER'S R�GHT TD RECEIVE AND C�LLECT RENTS. Lender shall ha�e the right a� any time, and e�en thvugh n❑ <br /> defauft shall ha�e occurred under this Assignment, t� �ollect and recei�e�he Rents. For fihEs purpase, L�nder Es hereby <br /> gi�en and gran�ed�he following rights, pvwers and author�ty: <br /> NvtEce �o Tenants. Lender may send notices t❑ any and all �enants ❑f �he Prvperty ad�ising them of this <br /> Assi�nmen�and directing all Rents�❑ be paid direct�y to Lend�r or Lender's agen�. <br /> Enter the Property. Lender may enter upon and take possessivn ❑f the Proper�y; demand, �o�lec�and recei�e from <br /> �he tenan�s or frvm any other persons liable therefor, al[ of the Rents; Enstitute and �arry ❑n a�l le�al pro�eedings <br /> necessary for th� pro�ectian of the Praper�y, including such praceedings as may be necessa�y to reco�er <br /> possession❑f the Property; c�llect the Rents and remove any�enant❑r tenan�s❑r o�her persons fram�he Prvperty. <br /> Maintain th� Property. Lender may enter upan the P�roper�y t❑ maEn�ain the Proper-�y and keep�he same in repair; <br /> to pay the costs fihereaf and v�all ser��ces of a[E emp�ay�es, in�luding their equipment, and ❑f afI continuing costs <br /> and expenses af main�aining the Proper�y in proper repaE�-and canditivn, and also to pay alf taxes, assessmen�s and <br /> water u��lities, and the premiums on�fire and o�her insurance eff�c�ed by L�nder on the Proper�y. <br /> Cvmpliance wi�h La►►vs. Lender may do any and all things to execute and cvmply with the laws of�he S�ate a� <br /> Nebraska and alsv all vther laws, ru�es, orders, ordinances and �-equiremen�s of all other go�e�nmentaE agencies <br />� affec�ing the Praperty. <br /> Lease the Prvperty. Lender may rent or�ease the whofe o�r any par-t of�he Praperty far such term ar terms and vn <br /> such conditians as Lender may deem appropriate. <br /> Employ Agents. Lender may enga�e such agen� or agen�s as Lender may deem apprvpriate, either in Lender's <br /> name or in Grantvr's name,t❑rent and manage the Prvper�y, inc�uding fihe collecfiion and applica�ion o�Rents. <br /> • �ther Acts. Lender�may da all such ❑ther fihings and acts with respec� to �the Praperky as Lende�- may deem � <br /> apprvpriate and may a�� exc�usi�ely and saEely in �he pEace and s�ead �f Grantar and �❑ ha�� all a�the powers ❑� <br /> Grantor tor the purposes sta�ed abo�e. <br /> No Requirement#❑ Act. Lender shall nat be requir�d to d❑ any o��he foregving a��s ❑r things, and the fact tha� <br /> Lender shall ha�e performed one or more o�the fo�egaing acts ar things shafl no� require Lender ta do any ❑ther <br /> speci�ic ac�or thin�. <br /> APPL��ATI�N DF RENTS. A!� cvsts and expenses incurred by Lender �n cannectian wi�h �he Property shall be for <br /> Grantor's account and Lender may pay su�h costs and expenses �from the Ren�s. Lender, in ifis sole discretion, shalf <br /> de�ermine �he applicativn of any and a�l Ren�s re�ei�ed by it; hawever, any such Ren�s recei�ed by L�nder whi�h are <br /> na� applied ta such costs and expenses shaf[ be appfied �o the Indeb�edness. All expendifiures mad� by Lender under <br /> �his Assignment and nat reimbursed from the Ren�s sha�� t�ecom� a part ❑f the Indeb�edn�ss secured by fihis <br />
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