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<br />(f) Condemnation Awards. All awards or payments, including interest thereon, which may
<br />heretofore and hereafter be made with respect to the Property, whether from the exercise of the right of
<br />eminent domain (including, but not limited to any transfer made in lieu of or in anticipation of the exercise
<br />of the right), or for a change of grade, or for any other injury to or decrease in the value of the Property;
<br />(g) Insurance Proceeds. All proceeds of and any unearned premiums on any insurance policies
<br />covering the Property, including, without limitation, the right to receive and apply the proceeds of any
<br />insurance judgments, or settlements made in lieu thereof, for damage to the Property;
<br />(h) Tax Certiorari. All refunds, rebates or credits in connection with a reduction in real estate
<br />taxes and assessments charged against the Property as a result of tax certiorari or any applications or
<br />proceedings for reduction;
<br />(i) Agreements. All agreements, contracts, certificates, instruments, franchises, permits,
<br />licenses (including liquor licenses, if any, to the fullest extent assignable by Borrower), franchise
<br />agreements, management, service, supply and maintenance contracts, plans, specifications and other
<br />documents, now or hereafter entered into, and all rights therein and thereto, respecting or pertaining to the
<br />use, occupation, construction, management or operation of the Real Property or any part thereof, or
<br />respecting any business or activity conducted from the Real Property or any part thereof, and all right, title
<br />and interest of Borrower therein and thereunder, including, without limitation, the right, while an Event of
<br />Default remains uncured, to receive and collect any sums payable to Borrower thereunder;
<br />(j) Intangibles. All accounts, escrows, chattel paper, claims, deposits, trade names,
<br />trademarks, service marks, logos, copyrights, goodwill, books and records and all other general intangibles
<br />specific to or used in connection with the operation of the Property;
<br />(k) Conversion. All proceeds of the conversion, voluntary or involuntary, of any of the foregoing
<br />including into cash or liquidation claims; and
<br />(1) Other Rights. Any and all other rights of Borrower in and to the items set forth in
<br />Subsections (a) through (k) above.
<br />Section 1.2 Assignment of Leases and Rents. Borrower hereby absolutely and unconditionally
<br />assigns to Lender Borrower's right, title and interest in and to all current and future Leases and Rents; it
<br />being intended by Borrower that this assignment constitutes a present, absolute assignment and not an
<br />assignment for additional security only. Nevertheless, subject to the terms of this Section 1.2 and Section
<br />3.9, Lender grants to Borrower a revocable license to collect and receive the Rents in trust for Lender and
<br />to apply the Rents to discharge all current sums due on the Debt. So long as no Event of Default (defined
<br />below) shall have occurred and be continuing, the Rents remaining after application pursuant to the
<br />preceding sentence may be retained by Borrower from and clear of, and released from, Lender's right with
<br />respect to Rents under this Security Instrument. From and after the occurrence of an Event of Default, and
<br />without the necessity of notice or prior demand or Lender's entering upon and taking and maintaining control
<br />of the Property (whether directly or through a receiver), Borrower's license to collect the Rents shall
<br />terminate automatically and Lender shall be entitled to the Rents as they become due and payable. At any
<br />time on or after Lender's demand for the Rents, Lender may give, and Borrower hereby irrevocably
<br />authorizes Lender to give, notice to all lessees of the Real Property instructing them to pay all Rents to
<br />Lender and Borrower agrees that no lessee shall be obligated to inquire further as to Lender's right to
<br />receive the Rents or to pay to Borrower any amounts which are actually paid to Lender in response to such
<br />a notice. Borrower shall not interfere with, and shall cooperate with, Lender's collection of the Rents.
<br />Borrower acknowledges and agrees that Lender's exercise of its rights with respect to the Rents and Leases
<br />shall not be construed to make Lender a mortgagee -in- possession of the Property so long as Lender has
<br />not itself entered into actual possession of the Real Property. The acceptance by Lender of the assignment
<br />pursuant to this Section 1.2 shall not at any time obligate Lender to take any action under this Security
<br />GMACCM SLP DOT 8/98 3 ATLd Isle, ebraska
<br />l ) — ( ) Grand Isle, Nebraska
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