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<br /> ASSI�NMENT �3F RENT�
<br /> ��ont�rlued� Page 4
<br /> Lender.
<br /> Severability, lf a court vf �amp��ent jurisdi��i�n finds any pravision o� this Assignment to b� il�egal, invafid, or
<br /> un�nforceabfe as to any person or circumstance, that finding shall not make the offending pro�ision illegal, in�alid,
<br /> vr un�nforceable as ta any other person or circumstance. [f�eas�ble, the of#end�ng prv�ision shall be considered
<br /> modified sa tha� i� becomes �egal. �alid and enfvrceable. If the ❑ffending pro�ision cannat be so modified, it shall
<br /> be considered deleted fram this Assignment. Unfess otherv►rise requir�d by faw, the iEl�gaiity, in�alidity, flr
<br /> unenforceabi�ity af any prv�ision vf this Assignment shaii not a#fe�t the I�gality. �a�idity or en�nrceabil�ty o� any
<br /> other pro�ision vf�his Assignment.
<br /> Su�cessors and Assigns. 5ubject to any limi�a�ions stated in this Assignm�nt on transfer of Grantor's interest,this
<br /> Assignment shall k�e binding upon and inure t❑ the benefit of the parties, �heir successors and assigns. �#
<br /> ownership of the Pr�perty #�ecomes �ested in a p�rs�n vther than Grantor, Lender, without notice to Grantvr, may
<br /> dea! with Grantor's successvrs with reference to this Assignment and the Indeb�edness by way ❑f fvr�earance or
<br /> extension without r�leasing Grantor f�om the vb��gations vt this Assignment or liabi[Ety under the Indebtedness.
<br /> Time is of the Essence. Time is vf the essence in�he p�rformance vf this Assignment.
<br /> Wai�e Jury. All par�ies to this Assignment her�by wai�e the r�ght to any jury �rial �n any action, praceeding, or
<br /> counterclaim braugh�by any party against any ather party.
<br /> Waiver of Homestead Exemption. Grantor hereby reieas�s and wai�es al� rights and benefits af the homestead
<br /> exemp�ion laws�f the State of Nebraska as to all Indebtedness secured by this Assignment.
<br /> Vllai�er of Right of Redemp�ion. N�TVIlITHSTAN�lNG ANY �F THE PRDViSI�NS T❑ THE C�NTRARY
<br /> CaNTAiNED IN TH�S ASSIGNMENT, GRANTDR HEREBY 1NAlVES ANY AND ALL RlGHTS ❑F REDEMPTfDN FR�M
<br /> SALE UN[]ER ANY �RDER OR JUDGMENT DF F�RECLDSURE QN GRANTOR'S BEHALF AND �N BEHALF QF
<br /> EACH AiVD EVERY PERS(]N, EXCEPT JUDGMENT CREDlTORS DF GRANTOR, ACQIJIR�NG ANY INTEREST �N aR
<br /> TITLE TO THE PR�PERTY 5u65EQUENT T�THE DATE QF THfS ASSIGN1UlENT,
<br /> DEFINITI�NS. The fo��vv►ring capi�alized words and terms shall ha�e the fo�Iowing mean�ngs when used in this
<br /> Assignment. Unless specifi�ally stated to the contrary, al! references ta dollar amounts shall mean amvunts in lav►►ful
<br /> money v#the �ni�ed Sta�es a�F America. 1Nvrds and �erms used in the singu�ar shall �nciude the plura�, and the plural
<br /> shall �nclude the singular. as the context may require. V1lords and t�rms no�otherw�se defined in�his Ass�gnm�nt sha11
<br /> ha�e the meanings a�tributed to such terms �n the Uniform Cammercial Code;
<br /> Assignment. The word "Assignment" means this A55lGNMENT�F RENTS, as this A55iGNMENT QF RENTS may
<br /> be amended ar moditied from time to time, together with a!I exhi�its and s�hedu�es attach�d to this ASSfGNMENT
<br /> �F RENTS from�time to time.
<br /> Borrawer. The word "Borrvv+re�-" m�ans RAYM�ND J. �'��NNUR REVDCABLE L�V1NG TRUST and JENNIFER S.
<br /> �'CflNN�R REVQ�ABLE LlV1NG TR�ST.
<br /> Default. The word "�efault" means the DefauCt set far�h in this Assignment in the sectian titfed "De�ault".
<br /> Event of�e�auit. The words "E�ent of Default" mean any o�f the e�ents of default se�forth in this Assignment in
<br /> the defau[t se��ion of this Assignment.
<br /> Grantor. The wvrd "Grant�r" means RAYMDND J. U'C�NN�R REVaCABLE LIVING TRUST and JENNlFER S.
<br /> D'C�NN�R REVDCABLE L�ViNG TRUST.
<br /> Guarantvr. The word "�uarantor" means any guaranto�, surety, or accommodation party of any or all vf the
<br /> Indebtedness. �
<br /> Guaranty. The word "Guaranty" means the guaranty from Guarantor ta Lender. including ►nrithout limitation a
<br /> guaranty vf all�r part❑�the Note.
<br /> #ndebtedness» The word "lnd�htedness" means aii principai, interest, and other amounts, costs and expenses
<br /> payable under the Note or Related ❑ocuments. toge�her with all renewals of, extensions of, mvdificati�ns a��
<br /> consolidatians o�and substitutions �or the IVote vr R�lated Dacuments and any amvunts �xpended ar ad�anced by
<br /> Lender to discharge Granto�`s obligativns or expenses incur�ed �y Lender fio enforc� Grantor's vbligativns under
<br /> �his AssEgnment, together vuith interest ❑n su�h amoun�s as pra�ided in this Assignment. SpecifiGaiiy, ►rvithou�
<br /> lirnitation, Indebtedness inc�udes the future ad�ances set�orth in th� Future Ad�ances prv�isian, toge�her wi�h alI
<br /> �nte�est therean and a!! amounts that may be indirectly secured by the Crvss-Coila�eraliza�ion pro�isivn of this
<br /> Assignment.
<br /> Lender, The word "Lender" means Exchan�e Bank� its suc�essors and assigns.
<br /> Note. The word "Note" means the prom�ssory note dated Apr�l 1, �Q 1 fi, �n the original principa! amount of
<br /> $B.��D.���.�� from Grant�r to L�nder, to�ether ►nrith all renewa�s �f, extensions of, modifica�ions of,
<br /> refinancings a�f. �onsvlidativns vf, and substitutions fior�h�prnmiss�ry nvte or agreemen�.
<br /> Property. The �rvard "Property" means all v� Grantor's righ�. ti�le and interest in and to a�� the Property as
<br /> descr�bed in ths "Assi�nment" section af this Assignment.
<br /> Rela#ed Documen�s. Th� vvords "Re[at�d ❑Qcuments" mean all promissary n�tes, credit agreements, foan
<br /> agre�ments. en�ironmental agreements, guaranties. security agreements, mvrtgages. deeds of trus�, security
<br /> deeds, collatera� mo�-tgages, and all other instruments, agreements and dvcuments, whether now ar herea�Fter
<br /> existing, exe�u�ed fn connection with the �nd�btedness.
<br /> Rents. The ward "Rents" m�ans all vf Grantvr's present and �uture rights, title and interest in, to and und�r any
<br /> and ali present and #uture leases. including. w�thvut fimitation. all rents. re�enue, incom�. issues, royalties.
<br /> bonuses, ac�oun�s rece��able, cash �r security deposits, advance ren�afs, profi�s and praceeds from the Property,
<br /> and other payments and hene#its deri�ed ar to be deri�ed �rom such ieas�s of e�ery kind and nature, whether due
<br /> naw ar�ate�, including w�thou�fimi�ation Grantor's righ�to enfores such ieases and to recei�e and co��ec�payment
<br /> and proceeds thereunder.
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