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2� 1 ���719
<br /> �.�'�IGN�IIENT C�F RENT�
<br /> Loan No: 1�1��2�Z� ��ontinued} Page 5
<br /> No�i�es. Any not�ce required �o be gi�en under this Assignment shalf be gi�en in wr�ting, and shall be effecti�e
<br /> when actually delivered, �►�+hen ac�ual�y receiv�d by te(e�acsimile �unless otherwis� required by law}, when
<br /> d�pasited with a na�ianally recagnized o�ernigh�courier, or, if mailed, when deposited in the United 5tates mail, as
<br /> first class, certifiied o� r�gist.ered mail postage pr�paid, direct�d to the addresses sh�wn near the beginning �f this
<br /> Assignment. Any party ma� �hange its add�ess �ar notices und�r this Assignment by gi�ing formal wri��en notice
<br /> ta �he other par�ies, spec�fying that the purp�se of �he noti�e is �o change the party's address, For notice
<br /> purposes, Gran�ar agrees #� keep Lender Enformed at a�l tim�s of Grantor's current address. �Jnless otherwise
<br /> pro�ide� or required by la�v, if there is mQre than ane Grantor, any notic� gi�en by Lend�r t� any Grantar is
<br /> deemed�o be n�tice gi�en�v a[I Grantars.
<br /> Powers of At�orney. The warious agencies and powers of a�torney con�eyed on Lender under this Assignment are
<br /> granted for purposes of securi�y and may not b� re�oked by Gran�ar until such time as fhc same are ren�unced by
<br /> Lender,
<br /> Sev�rabili�y. If a caurt �f comp�t�nt jurisdic�iQn finds any proWision of �his Assi�nment to b� illegal, invafid, vr
<br /> unenfor��ahle as t� any p�rson �r circumstance, �hat finding shall na�make the offending proWisivn illega�, in�alid,
<br /> or unenfor�eab[e as to any a�ther person or cjrcumstance. It feasible, the �ffiending pr��ision shail be considered
<br /> madi�fied so �hat i� b�cQmes legal, �alid and entvrceable. If the o�f�fending provision �annot be so rnfldi�ied, it shall
<br /> be �onsidered deleted from this Assignment. �lnless o�herwise required by law, th� illsgafity, in�alidity, or
<br /> unenforcea�ility of any p�o�ision �f this Assignmen� shall not a�fect the legality, �alidi�y or enfarceability af any
<br /> other proWision�f this Assigr�ment.
<br /> Su��essors and Ass�gns. �ubj�ct tv any limitations s�ated in�his Assignment on transfier o�F Grantar's interes�, this
<br /> Assignment shall be binding upon and �nure tv the bene�it of the parties, their su�cess�rs and assigns. lf
<br /> awnership of the Praperty b�comes �ested in a pers�n ��her �han Grantor, Lender, withou� notice�o �rantvr, may
<br /> deal with �rantor's successars with reference �o this Assignment and the Indeb�tedness by way of �orbearance or
<br /> extensian withaut releasing�ran�or�ram the abligations of this Assignment ar liability under the Indebtedness,
<br /> Time is of#h�EssenGe. Time is of�he essence in fihe per-�ormance�f�his Assignment.
<br /> 1NaiWer of Homestead Exer�pti�n. Grantor here�y releas�s and wai�es all rights and �enefi�s af -�he hom�stead
<br /> exemptian [aws of the State vf Nebraska as to all Indebt�dness s�cured by this Assignment.
<br /> VI1ai�er af Right ❑f Redemptivn. NOTVVITHSTAND�NG ANY �F THE PR�V151UNS T� THE C�NTRARY
<br /> CONTA�NE❑ IN THIS A551�NMENT, �RANT�R HEREBY 1lVAlVES ANY AND ALL RIGHTS �F REDEMPTI�N FRQM
<br /> SALE UNDER ANY �RDER C�R JLJDGMENT OF FURECL�SURE ON GRANT�R'S BEHALF AND �N BEHALF �F
<br /> EACH AND EVERY PERS�IV, EXCEPT JIJDGMENT �REa1TQRS �F GRANT�R, A��LJIRING AiVY INTEI��ST IN �R
<br /> TfTLE T�THE PR�PERTY SUBSEC�UENT TQ THE DATE QF THlS ASSiGNMEiVT.
<br /> DEFINITIDNS. The ��flowing capitafized words and terms shall ha�e the following meanings when used in this
<br /> Assignment. Unless specifically s�ated �o the contrary, a�l ref�rences �n dollar am�un�s shall m�an am�un�s in Iawful
<br /> money v� the lJnited Stat�s of America. Words and t�rms used in the singular shall in�lude �he plural, and the pluraf
<br /> shall inc�ude th� singufar, as the �ont�xt may require. 11V�rds and �erms n�fi otherwis� defined in �his Assignmen�shall
<br /> ha�e the meanin�s afitrihuted to such t�rms in�he Uni�Form Commer�ial Code:
<br /> AssRgnment. The word "Assignment" m�ans this A551GNMENT�F RENTS, as this A551GN1111ENT DF RENTS may
<br /> be amended or modifi�d frvm time�o time, �agetner with afl exhibi�s and schedules attached fio�this A5SIGNMENT
<br /> �]F RENTS firam�ime to time.
<br /> Borrv►rver, The word "Borrower" means AXF�RD SENI�R MARKET�NG, lNC.; AXF�RD AGENCY, 1NC.; D�IJGLAS
<br /> D AXF�Ra; and �L1NT D A?CF�RD.
<br /> Default. The word "C�efault" m�ans�he Default se�farth in this Assignm�n�in the se�-�ion ti�led "De�ault".
<br /> E�ent of Default. The words "E�ent of Defauit" m�an any❑�F the ��en�s of detault.;s�t,�F.�rth in�his Assignment in
<br /> the de�au�t secti�n of�his Assignm�nt. ��
<br /> Grantar. The ward "Grantor" means L��UGLAS D AxF�RD and [��ANE L A?CFOR�D. �
<br /> Guaran�y. The word "Guaranty" means the guaranty from guaran�ar, endorser, surety, or accommodatian party�o
<br /> Lender, including without limita��on a�uaranty of ali vr par�of�he N��e.
<br /> indeb�edness. The word �r Indebtedness" means all princ�pal, interest, an� �ther amounts, �os�s and expenses
<br /> payable under the Note or Rela�ed Documen�s, together wi�h all renewals ❑f, ex�ensions �f, modifiGations �f,
<br /> consolidations af and substitu�ions �ar th� Note or Related Documents and any am�un�s expended �r ad�anced �y
<br /> Lender to dis�harge Grantor's abligations or expenses incurred by L�nder to enfor�� Grantar's ❑bligations under
<br /> this Assignment, �kogether wi�h �nterest on such ama�nts as pro�ided in this Assignmen�. Speci�ically, withou�
<br /> limitation, Ind�btedness includes �khe future advances sefi f4rth in the Future Ad�an�es pr�visian o� �his
<br /> Assignment, �agether with alE interest�hereon.
<br /> Lender. The v�rord "Lender" m�ans F�v� Paints Bank, its successars and assigns.
<br /> Note. The word "N�te" m�ans the pr�missory no�e da�ed February �, 2��6, in the origina[ principal
<br /> amount of $399.$9$.�5 from Borrower�❑ Lender,tagether wEth aEl renewals of, extensions of, modi�ications
<br /> o�, refinancings �f, cansolidatians o�, and substi�utions for�he promissory note or agreem�n�.
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