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200003380
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Last modified
10/13/2011 12:41:29 PM
Creation date
10/20/2005 8:17:38 PM
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DEEDS
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200003380
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200003380 <br />collect all income, rents, issues, profits and proceeds from the Collateral and <br />to retain, use and enjoy the same. <br />L. Assignment of Other Rights and Obligations <br />Section 2.24 In addition to any other grant, transfer or assignment effectuated hereby, <br />without in any manner limiting the generality of the grants in Article I hereof, <br />Mortgagor hereby assigns to Mortgagee and grants to Mortgagee, a security <br />interest in, as security for the indebtedness secured hereby, Mortgagor's <br />interest in all agreements, contracts, leases, licenses and permits necessary <br />for or essential to the ownership, operation, management or use of the <br />Collateral. Such assignments may also be evidenced, if so requested by <br />Mortgagee, by instruments in form satisfactory to Mortgagee; but no such <br />assignment shall be construed as a consent by Mortgagee to any <br />agreement, contract, lease license or permit so assigned, or to impose upon <br />Mortgagee any obligations with respect thereto. <br />Section 2.25 Mortgagor hereby agrees to pay any taxes levied. upon this Mortgage and <br />any indebtedness secured hereby, including, without limitation, the 2000 <br />Notes. In the event of the passage, after the date of this Mortgage, of any <br />law deducting from the value of the Collateral for the purpose of taxation, <br />any lien thereon, or changing in any way the laws now in force for the <br />taxation of mortgages, or the manner of the collection of any such taxes, so <br />as to affect this Mortgage, or imposing payment of the whole or any portion <br />of any taxes, assessments or other charges against the Collateral upon the <br />Mortgagee, the indebtedness secured hereby shall immediately become due <br />and payable at the option of the Mortgagee; provided, however, that such <br />election by Mortgagee shall be ineffective if such law either: <br />(a) shall not impose a tax upon Mortgagee nor increase any tax now <br />payable by Mortgagee, or <br />(b) shall impose a tax upon Mortgagee or increase any tax now payable <br />by Mortgagee and prior to the due date: (i) Mortgagor is permitted by <br />law and can become legally obligated to pay such tax or the <br />increased portion thereof, in addition to all interest, additional interest <br />and other charges payable hereunder, without exceeding the <br />applicable limits imposed by the usury laws of the State of Nebraska; <br />(ii) Mortgagor does pay such tax or increased portion, and (iii) <br />Mortgagor agrees with Mortgagee in writing to pay, or reimburse <br />Mortgagee for the payment of, any such tax or increased portion <br />thereof when thereafter levied or assessed against Mortgagee's <br />interest in the Collateral or any portion thereof. The obligations of <br />Mortgagor under such agreement shall, to the extent permitted by <br />law, be secured hereby. <br />2000 MORTGAGE <br />(Grand Island, Nebraska) <br />ii U <br />
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