|
2� 1 ��3131
<br /> ASSfGNMENT �]F RENT�
<br /> Loan No: 'i�'i�95��� ��ol�tirl�ed� Page 5
<br /> Bvrrower and Grantor are not the same person, L�nder need not sue Barrawer�irst, and that Barrawer ne�d nvt b�
<br /> joined in any lawsu��. �3y The nam�s gi�en to paragraphs or sectians in this Assignment are �ar con�enience
<br /> purpvses on�y. They are not to he used fia interpret�r define�he pravisi�ns o�this Assignment,
<br /> Nv V11ai�er by Lender, Lender shal[ not be deemed t❑ ha�e waiWed any rights under this Assignment unless such
<br /> wai�er is gi��n in writing and signed by Lender. No delay ar omission on the part of�.end�r in exercising any �ight
<br /> shal[ operate as a wai��r of such right or any other righ�. A wai�er by Lender o�F a pro�ision of this Assignment
<br /> sha[E not prejudice ar consti�ute a wai�ar afi Lend�r's right ath�rwise �a demand s�ri�t compliance with tha�
<br /> pravisi�n or any other pro�isian of this Assignmen�. No prior wai�er by Lenderf nnr any course of dealing between
<br /> Lender and Grantor, shal� cons�itute a waiver o� any of Lender's righ�s or of any�f Grantor's obligations as to any
<br /> future transactions. VllheneWer the consen� af Lender is re�uired under this Assignment, the �ranting of such
<br /> ct�nsent by Lender in any instance shall not cans�itute continuing cvnsent tv subse�uen�k ins�ances where such
<br /> �onsent�s required and in all cas�s such consent may be granted or withheld in the sole discretian of L�nder.
<br /> No�i�es. Any noti�e requirecl to be gi�en under this Assignment shall b� gi�en in vvritin�, and shall he �ffecti�e
<br /> vuhen acfually deliWered, v►rhen actuaily receiWed by teiefacsimii� {unless vther�rv�s�e required by law�, when
<br /> deposi�ed wi�h a na�ionai�y recagnized v�e�night�aurier, or, if mailed, when depasited in�he United Sta�es maEl, as
<br /> f;rst class, certif�ed or reg�stsr�d mail postage prepaid, direct�d t� th� addresses shov�rn near the beginning �f this
<br /> Assignment. Any party may change its address for notices und�r this Assignmen� by giving farma! written nfl�ice
<br /> tv the vther parties, specifying that th� purp�s� of the n�tice is tv change the party's address. Far notice
<br /> purp�ses, �ran�or agrees �v keep Lander infiorm�d at all times ❑� Grantor's current address. Unless o�herwise
<br /> pro�ided or r�quired by law, i� there is mor� than �n� Grantar, any noti�e �iven by Lender to any Gran�tor is
<br /> deemed to be notice�i�en to all Grantors.
<br /> Powers o#Attarney. The various agencies and powers af attarney canWey�d on Lender under this Assignment are
<br /> grant�d for purpases of security and may not be re�oked by�rantor unti[ such time as the same are renounced �y
<br /> Lender.
<br /> S�verabilifiy. If a court a�f competent jurisdicti�n f�ncls any provision of this Assi�nment �to be illegal, in�alid, or
<br /> unenfar�eable as to any circumstance, that finding shali not malce the offendin� provisi�n illega�, in�alid, or
<br /> unenfor�eable as �o any ather circumstance. If feasihle, �th� offending p�ovision shall �e considered modified sa
<br /> �hat it becomes legal, valid and enforceable, If the o��ending prvvision canna� be sa modif�ed, it shall be
<br /> �onsidered deleted from �his Assignment. Unless otherwise requ�red by law, the illegality, in�alidity, or
<br /> unenforceability afi any pr�Wisian �f th�s Assignment shall not affect the [egality, �alid�ty ar �n��rceabili�y o� any
<br /> other pro�ision of this Assignment.
<br /> 5uccessors and Assigns. SubJect to any�imita�ions st��ed in this Assignment on transfer vf Grantor's interast,this
<br /> Assignment shai! be binding upon and inure �o the ben�fit of �he parties, �heir successors and assigns. I�F
<br /> ownership of the Proper�y becomes vested in a persan �ther than Grantor, Lender, virithout notic��a Gran�or, may
<br /> deal with Grantor's su��ess�rs with ref�rence to th�s Assignment and #he lndebtedness �y way�� �orbearance or
<br /> extension without releasing Grantor�ram the abligafiions of�his Ass�gnm�n�or liabi�ity.under the Indebtedness,
<br /> Tirne is of the Essence. Time is of fhe essence in the per�ormance o�this Assi�nment.
<br /> Waiver of Hamestead Exemption. Grantar hereby releases and waives a1l r�ghts and benefits of the homestead
<br /> exemp�ian laws of the Stat�a#Nebraska as to all Indehtedness secure� by this Assignment.�
<br /> V1laiver of Right af Redemption. N�TVIIITHSTANDING ANY �F THE PR�V�Si�NS T� THE CUNTRARY
<br /> C�NTAINED IN THiS ASS�GNMENT, GRANTaR HEREBY 11VAIVES ANY AND ALL RlGHTS �F REDEMPTI�N FR�M
<br /> SALE IJNDER ANY ORDER �]R JU�GMENT �F F�REGLQSURE ON GRANT�]R'S BEHALF AND �N BEHALF �F
<br /> EA�H AND EVERY PERS�N, E��EPT JUDGMENT CRE�ITDRS �F GRANT�R, ACQUIRING ANY INTEREST iN �R
<br /> TITLE TC3 THE PR�PERTY SUBSEQIJENT T�THE ❑ATE�F TH15 ASSI�NMENT.
<br /> DEFINITi�NS. The following capitalized words and �kerms shal� ha�e the following meanings when used in this
<br /> Assignment. Unless specifically stat�d to the cantrary, all references to dollar amounts shall mean amounts in �awful
<br /> money a� the �nited S�tates �f Am��ica. W�rds and �erms used in the singular shal� include th� plural, and the p{ural
<br /> sha11 inGlude �he singular, as �he context may require. 1l11ards and terms not�therwise de'Fin�d in this Assignment shal[
<br /> haWe�he meanings a��ributed�o such terms in the lJn�farm �ommsrcial Code:
<br /> Assignment. Th� word "Assignmen�" means this ASS��NMENT�F RENTS, as th�s ASSIGNIVIENT C�F RENTS may
<br /> be amend�d or modified fr�m time to time, together with ali exhibits and schedules atta�hed to this A5SIGNMENT
<br /> OF RENTS�rom time t�time.
<br /> Bvrrower, The word "Borrow�r" means J &g RENTAtS LLC, VIIILLIAM P ZILLER and JL]LANIV K�1LLER.
<br /> Default. The word "Defaui�" means the De�auit se�f�rth in this Assignm�nt in�khe section tifiled "Defaul�".
<br /> E►rent vf Defau[t. The words "E�en��f De�ault" mean any o�the ��en�s ❑f de�auft set for�h En �this Assignmen�in
<br /> the default section of this Assignmen�.
<br /> �rantor, The ►rvord "Grantor" means J &B REfVTALS LL�.
<br /> �uaran#y. The word "Guaran�y" means the guaranty fram guarantar, endQrser, surety, or accommodation party to
<br /> Lender, including withaut limitatian a guaranty�f all �r part�f�he Nflte.
<br />
|