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<br /> ASS��NIIl�ENT �F RENTS }
<br /> Lvan No: ��'i294��5 {C�ntrnue�} Page 2
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<br /> the No�e, whe�ther �vluntary or atherwise, whether due ar no� due, direct ❑r indirect, de�ermined ❑r undetermined,
<br /> ahsolute or contingent, liquFda�ed or unliquida��d, whe�her Grantor may be liable �ndi�idually �� jointly with a�hers,
<br /> whe�her abliga�ed as guaran�or, sure�y, aGcammvdat�on party ar ❑therwise, and whe�her reco�ery upon such amaun�s
<br /> may be or hereaf�er may become barred by any s�a�ute��limifia�ions, and whefiher the abliga�tion�o repay such amounts
<br /> may be or hereafter may become❑fiherwise unenforceable.
<br /> REV�LViN� LINE �F CREDIT. This Assignmen#secures the fndebtedness including. wi�hou�iimita�ivn, a rerrvl��ng Eine
<br />� o� cred�t, which ob�igates Lender t❑ make ad�ances to Grantor sa �ong as Grantor cvmplies with all �he terms of the
<br />� Na�e.
<br /> THIS ASSIGNMENT 15 G[VEN T❑ SE�URE �'1} PAYMENT DF THE fNDEBTEDNESS AND �2} PERFDRMANCE �F ANY
<br />; AND ALL flgL1GATl�NS �F GRANT�R UNDER THE N�TE, TH15 A551GNMENT, AND THE RELATED DDC[JMENTS,
<br /> THiS A5SIGNN[ENT 1S GiVEN AN�ACCEPTE❑�N THE F�LL�VIlING TERMS:
<br /> PAYMENT AND PERFDRIVIANCE. Except as otherwise provided in�his Assignmen�❑r any Re�ated ❑ocuments, Grantor
<br /> sha[! pay t❑ Lender af1 amvun�s secured �y �his Assignment as they become due, and shall s�rictly per�orm all o�
<br /> Gran�tor's obligations under�his Assignmen�. Unless and un�til Lender exercises its right�a collect�h� R�nts as pra�ided
<br />� below and s❑ [ong as there is n❑ de�aul� under this Assignment, G rantor may remain in pvssession and can�ral o� and
<br />: vperate and manage the Prvperty and collect the Renfis, pro�ided�ha��he granting of�he righ�ta c�llect the Ren�s shal�
<br /> na�constitu�e Lender`s c�nsent�a the us�o��ash caila�eral in a bankrup�cy proceeding.
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<br /> GRANTDR'S REPRESENTATIDNS ANI]�11JARRANTIES. Gran�or warranfis�hat:
<br /> �wnership. G rantor is en�itled t� recei�e the Ren�s �ree and c�ear ❑f all rights, loans, liens, encumbranCes, and
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<br /> claims�xcept as disclosed to and accep�ed by Lender in writing.
<br />� Right�v Assign. Gran�or has the �u[I right, power and authority to enter int❑ this Assignment and to assign and
<br />' �vn�ey fihe Rents to Lender.
<br />; Nv Prior Assignment. Grantar has n�t previously assign�d or con�eyed �he Rents to any other person by any
<br /> ins�rument now in�orce.
<br /> Nv Further Transfer. Grantar will no�t sell, assign, encumber, ❑�-o�herwise dispose af any of Gran�ar's rights in the
<br /> Rents excep�as pro�ided in�his Assignmen�.
<br /> LENDER'S R1�HT TD RECE�VE AND C�LLE�T RENTS. Lender shall have �he righ� a� any �ime, and e�en �hough no
<br /> default shall ha�e vccurred under this Assi�nmen�, �ka collec�and receiWe th� Rents. Fvr this purpose, Lender is hereby
<br />: gi�en and gran�ed the following righ�s, powers and au�thority:
<br /> No#ic� �o Tenants� Lender may send natices to any and all �enan�s of the Praperty advising �hem o� this
<br /> Ass�gnment and direc�ing all Ren�s to be paid direc�ly to Lender�r Lender's agent.
<br /> Enter�he Proper�y. Lender may en�er upon and take possession of�he Praperty; demand, cvl�ec-�and re�ei�e firom
<br /> the tenants ar�from any oth�r persons liable �here�or, all ❑f�the Ren�s; institute and carry ❑n all Iegal proceedings
<br /> ne�essary far th� pra�e�ti�n of �he Proper�y, including such proceedings as may be necessary �v reco�er
<br /> poss�ssion v�the Prvperty; colle�t the Ren�s and remove any tenan�❑r tenants or ather persvns fr�m�h� Prop�r�y.
<br /> Maintain#he Praperty. Lender may enter upon the Property�o ma�ntain �he Prope�ty and keep�he sam� in repair;
<br /> �to pay the costs th�reaf and of all ser�ices af all emplayees, including fiheir equipmen�, and ❑f all can�inuing costs
<br /> and expenses of main�aining the Property in proper repair and condi�ion, and a[s❑�o pay a��taxes, assessments and
<br /> wa�er u�ili�ies, and fihe premiums on�ire and ather insurance e�fe��ed �y Lender❑n the Praper�y.
<br /> Camplian�e with Laws. Lender may d❑ any and aII �hings �o execu�e and comply with �he laws o� �he 5�ate of
<br /> Nebraska and alsv all vther laws, rules, ❑rders, ❑rdinances and requirem�n�s ofi all other go�ernmental agenc�es
<br /> affecting�he Prvperty.
<br /> Lease�he Prvperty. Lender may rent or lease�th�who�e ❑r any par�o��he Property for such term or�erms and on
<br /> such c�nditions as Lender may deem appr�priate.
<br /> Employ Agen�s. Lender may engage such agent or agen�s as Lende�- may deem appropria�e, either in Lender's
<br /> name or in Gran�or's name,�o rent and manage�he Proper�y, including the collection and applica�ion of Rents.
<br /> ��her Acts. Lender may do all such other things and acts with respec�t t❑ the Property as Lender may deem
<br /> appropriafie and may ac�k exclusively and solely Fn the place and s�ead of Gran�ar and �o ha�e all ���h� powers of
<br /> Gran�or fvr the purpases s�afied abv�e.
<br />, N❑ Requiremen�to Act. Lender shall not be required to d� any vf�he foregving acts or things, and �he fact that
<br /> Lender shall ha�e performed one vr more o�fihe farego�ng ac�s or things shall nat require Lender�o d❑ any ❑ther
<br /> specific act or�hFng.
<br /> APPLICATI�N �F RENTS. A�� CD5�5 and expenses incurred by Lender in �annec�ion wi�h the Proper�y shall be for
<br /> Grantor's account and Lend�r may pay such costs and expenses from �he Ren�s. Lender, in i�s sole discret�on, shaI!
<br /> determin� �he appli�a�ion of any and all Rents �-ecei�ed by it; hvwe�er, any such Ren�s re�ei�ed by Lender which a�-e
<br /> not applied �v such �os�s and expenses sha�l be app�ied to th� Indeb��dness. All expenditures made by Lender under
<br /> �his Assignmen� and not �eimbursed �rom the Ren�s shall hecome a part af the Indeb�edness seGured by �his
<br /> Ass�gnment, and sha[I be payahZe on demand, wi�h interes�at the No�e ra�e�rom da�e a�expend��ure until paid.
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