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2� 1 �� 1 �8�
<br /> AS�p�1NIVIENT �F I�ENTS
<br /> Lvan Na: '��"���3�4�7 ��o�1�i�7u�d� � Page 5
<br /> pro�ision or any other provision of this Assignmen�. No prior wai�er by Lende�, nor any course of dealing between
<br /> Len�er and Grantor, shall constitute a wai�er ai`any Q� Lender's righfis or vf any of Granfior's �bligatinns as tv any
<br /> �u�ure transactions. V1lh�ne�er the consent af L�nder is �equi�-ed under this Assignment, the granting vf such
<br /> consent by Lend�r in any instanc� shal� not consti�ute continuing consent t� subsequent �nstances where such
<br /> consen�is required and in all cases such c�nsent may�e gran�ed or withhe�d in�he sole dis�retion of Lender.
<br /> No��ces, Any noti�e required to �e gi�en under this Assignment shall be gi�en in writing, and shall be e�fective
<br /> wh�n ac�ually defi�ered, when actually recei�ed by tel�facsimile {unless atherwise required by law�, when
<br /> deposit�d with a nationally r�cognized o�ernighf cvurier, or, if mailed, when deposi�ked in the United 5tates mail, as
<br /> first class, certified ❑r registered mail postage prepaid, dir�cted ta the addresses shown near the beginning of this
<br /> Assignment. Any party may change its address far na�ices under this Assignment by giving formal writ�ten natice
<br /> to �h� athsr parti�s, spe�i�ying tha� the purpose af the n�tic� is to change th� party's address. For nvtice
<br /> purposes, �rantar agrees t� keep L�nder in�Formed at all times of Grantar's curr�nt address. �nless otherwise
<br /> pro�ided or required by law, if �thers is more than one Grant�r, any notice given by L�nder to any Grantor is
<br /> deemed to be natice gi�en ta ail Grantars.
<br /> Powers of Attorn�y. The Warious agencies an�l po�rvers of attorney con�eyed on Lender und�r this Assignment are
<br /> granted for purposes of security and may not be reWolced by Grantor until such time as �khe same are ren�unced by
<br /> Lender.
<br /> SeWerabiCity. �# a Gourt of compe�ent �urisdict��n finds any pr��isian vf this Ass�gnment fio be illegal, invalid, ar
<br /> unen�orceable as �o any circumstance, �hat �inding sha�l not make the offen�ing provision illegal, invalid, or
<br /> unenforcea��e as ta any ather circumstance. �fi �easible, �che �tfending pro�is�on shall be considere� modi�ied so
<br /> �that it becomes legal, �alid and enfor�eable. lf the offending pr��ision cannvt �e so modified, it shal[ be
<br /> cansidered deleted from this Assignment. Unless otherwise required by law, the illega�ity, invalidity, ar
<br /> unenforceabi�ity o� any provision o� this Assignmen� shall nv� affiect th� legality, Wa[idity or enforceability of any
<br /> o�rher pr�vision�f this Assignment.
<br /> Su���ssvrs and Assigns. 5u�ject fia any limitations stated in this Assignment on transfer af Gran�kor's interest,this
<br /> Assignment shali be binding upvn and inure to �the ben�fit of �he parties, their SV�C�SSfl�'S and 855[�C]S. lf
<br /> ownership of the Property hecomes �ested in a person oth�r�han Granfi�r, Lender, w��hout no�tice ta Gran�or, may
<br /> deal with Gran�ar's successors with r�f�rence �ko this Assignmen� and the Indebtedness by way of forbearance or
<br /> extension withaut releasing �rantor from the obligations af this Assignment or liabili�y undsr�the Indeb�edness.
<br /> Time is of�he Essenc�. Time is of the essence in the per��rmance of�his Assignmen�.
<br /> 11Uaiver o� Hvmestead Exemp�ion. �rant�r hereby r�leases and wai�es all r�ghts and ben�fi�s vf the homestead
<br /> exemption laws of the 5tate of Neb�aska as to al� Indebtedness secured by this Assignment.
<br /> DEF�NITIQNS, The fa�lowing capitalized words and terms shall ha�e the fol�owing meanings when us�d in this
<br /> Assignmen�. Unless specifically stafied �to �khe contrary, aIl refierenc�s t❑ d�liar amaunts shall mean amounts in lawful
<br /> maney af �he LJnit�d States of America. V1lords and t�rms used in the singular s�all includ� the plural. and the plural
<br /> shal� include the sin�ular, as the context may require. Words and �erms nnt atherwise defined in this Assignment shall
<br /> haWe the meanings attributed�a such t�rms in th� LJnifvrm Commercial Code:
<br /> As�`rgnmen�. The word "Assignment" means#his ASS[GNMEIVT �F RENTS, as this ASSIGNMENT OF RENTS may
<br /> be amended or m�dified f�om time to time, t�geth�r with aCl exhibits and schedules atta�hed ��this ASSIGNMENT
<br /> 4F RENTS �ram time to�ime.
<br /> Borrower. The w�rd "Borr�wer" means J &B RENTALS, LL�; VIIILLIAM P ZlLLER; and JIJLANN I�ZILLER.
<br /> �]efault. The word "Defaul�" means the Defaulfi s�t tor�th in�his Assignment in th�sec�ion tEtled"Defaul�".
<br /> Evenf of Default. Th� words "Event af #]�fault" mean any a�f the �ven�s ❑f default set farth in this Assignment in
<br /> th�defaul�t sectian o�this Assignmen�.
<br /> Grantvr. The word "Gran�ar" means J & B RENTALS, LLC.
<br /> Guaranty. The ward "Guaran�y" means�he guaranty fr�m guarant�r, endorserf sur�ty, ar accommodatian par�y to
<br /> Lender, inc�uding with�ut limitation a guaranty of al1 or part o�the Not�. � '
<br /> Indebtedness. The word "Indebtedness" means all principal, inter�s�, and other am�un�s, costs an�l expenses
<br /> payabl� under the Nvte ar Relat�d Dvcuments, t�ge�ther with all rene�rvals��of;�e�cte�r��io�is���o�; m�di�icatians af,
<br /> consolida�ions af and substitu�fons fvr the Note vr Relat�d Documents and any amounts expend�d �r ad�anced by
<br /> Lender to discharge Grantar's nbiigatians ar expenses �ncurred �y Lender to enfiarce Grantor's obligations under
<br /> this Ass�gnment, tog�ther vuith interest on such amaunts as praWided in �his Assignmen�. Specifically, without
<br /> I�mitafion, Indebtedness includes �he future advances set forth in the Fu�ure Ad�ances pra�ision of this
<br /> Assignment, tagether with ail interest therean.
<br /> Lender. Th�wvrd "Lender" means Fi�e Pain�s Bank, i�s successors and a�signs.
<br /> Note. The wQrd "N�te" means �he promissory note dated January 2U, Z�1�, In the original prin�ipal
<br /> amount of $38.1����D from gorrower to L�nder, together with all renewals af, ex�ensions �f, modifi�at�ons
<br /> of, r�tinancings of, consoiidations ��, an� substitutions�or�he promissory note or agreement.
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