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2� 1 ��4�77 ASS�GNi�J�Ei1�T �F RE#I�TS Laan Na: ��7�9F5�7 ��antinued� Page � THtS ASS�GNMENT �S GIVEN TD SECURE {'[} PAYMENT �F THE iNDEBTEDNESS AND �2} PERFDRMANCE ❑F ANY AND ALL ❑BLI�AT�ONS �F B�RR�V�ER AND GRANTaR UN[]ER THE N�TE, THIS ASSIGNMENT, AND THE RELATE❑ d�CUMFNTS. T�i1S AS51C1�MENT�S G�VEN AND ACCFPTED DN THE�OLLOINING TE�iVlS: GRANT�R'S WA�VERS. Gran�or waives afl rights �r de�ens�s arising lay reasan o�any "ane ac�ian" ❑r "antE-deficiency" law, or any o�her lar►v wh�ch may prevent Lender frvm E�ringing any a�tion against Gran�vr, in�iuding a �iaim for deficiency to the exten� Lender Es ❑therwise en��tled to a c�aim fvr de��ciency, befor� or af�er Lender's commencement ��c�mp�e�4on o�any�areclosure action, esther judicia�fy ar t�y exe�cise of a power o#sa[e. g�RR�W�R'S WAfVERS AND RESP�NS[BIL�TIES. Lender need no'� telf Borrawer abaut any actian or ina��ion Lender takes in conne��ion vui�h this Assignment. Borrawer assumes the responsibi}Ety �vr being and keeping in�ormed about the Property. Borr�wer wai�es any de�enses tha� may a�ise because o� any actian or inactian vf Lender, including wi�hou� lim��atian any �aiiur� of Lender t❑ realize upan the Property, or any delay by Lender in ��alizin� up�n th� Property. 6orrower agrees to�remain �iable under the Note wifh Lender na mat�er what action Lender �akes �r �aiis '�a take under this Assignment. PAYMENT AN� PERFL7RMANCE. Except as ❑th�rwise pravided in this Assignm�nt ar any Rela�ed Documen�s, Crantor shall pay fi� Lender a�� amaunts secured by this Assignment as �hey be�ame due, and shall s�rictfy �erform all a-� �rantor's ob�igations under this Assignment. Unfess and until Lender exercises i�s right to collect the Ren�s as pra�ided befow and so long as #here is no defiauit under this Assignment, Gran�ar may remain in passession �nd con�raE of and ❑pe�ate and manage the Prvperty and cal�ec�the Rents, pravided tha�the granting v��he �ight ta cvllec��he Ren�s shall nflt cvnstitute Lender's consent to�h�use af cash coliateral in a �ankrup�cy proceeding, GRAtI[T�3R'S REPRES�N�ATIDNS AND VITARRANTIES. Grant�r warran�s that: �wnership. Grantor is entitied to receive the Ren�s fre� and ciear �� al� rights, Iaans, liens, encumbranc�s, and claims except as disc�vsed t❑ and accep�ed by Lender�n writing. Right�a Assign. Grantor h�s the �ull �ight, pvwer and authority ta enter into this Assignmen'� and to assign and cvnWey�he Rents�❑ Lender. No Priar Assignment. Grantor has not previously assigned or con�eyed the Rents �� any athet person by any instrument nvw in�orce. No Further Trans�er. Grantor will not sel!= assign: encumber, oc o�the�wis��Rs�ose at any of C�an�c�r's righ�s in the Ren�s excep�as pro�ided in this Assignmen�. LENDER'S RIGHT T❑ RECE[VE AND C�LLECT R�NTS. Lender shall have �he right at any time� and e�en though no de�ault shaE� haWe❑ccurred under this Assignment. �o �oI[ect and rec�iWe�he Rents. Fvr this purp�se, Lende�is hereby gi�en and granted the foElawing rights, powers and authority: No#ice �o Tenan�s. Lender may send nvtices �o any and a!! tenants af �he Pr�per�y adWEsing �hem o� this Ass�gnmen�and directing a[I Rents to be paid directiy ta Lender❑r Lender's agent. Enter the Property. Lender may en�er upon an��ak� possess�on of the Prvperty; demand, �olle�t and receive�rom the tenants ar fram any ❑ther persans �iable there�or, a[� ❑f the Rents; instttut� and carry on al� legal arv�eed�ngs necessary �vr the p�-a�e��ian vf the Property� incEuding su�h praceedings as may be necessary �o reco�er possession af the Pro�e�ty; cal[e�t the Ren�s and remvUe any tenant�r�enan'�s❑r other persans from the Property. Main#a�n#he Property. Lender may en�er upon �he Property to maintain the Property and keep the same in repair; ta pay the c�s�s thereof and of al� ser�ices o�all employees, includin� their eQuiPmentt and ❑f all cantinuing casts and expenses at maintain�ng�he Proper�y in praper repair and cvndit�an. and also ta pay al[taxes, assessments and wate�-uti��ties, and�he premiums an�ire and a�her insuranc�effec��d by Lender❑n th� Prope�ty. Compliance with Laws. Lender may do any and a!! �hings t❑ exe�ute and com��y wFth the laws v� the 5tate af Nebraska and aisa a�l ��her laws, rules, vrders� vrdinances and requirements ❑f all a�her go�ernmental agencies a��cting the Prvper�y. Lease the Proper#y. Lender may rent or lease the whole�r any part o�the Property tQr such term or terms and on such�onditions as Lender may deem appropriate. Emplvy Agents. Lende� may engage such ag�nt ❑r agents as Lende� may deem appropr�a�e, either in Lender's name or in Grantor's name,to rent and manage the Property, includ�ng�he c�llec�ion and app[icatian vf Rents. ��her A�ts. Lender may dv ai� such o�her �hings and acts with �espec� ta the Property as Lender may deem appropria�e and may ac� exGEusiveiy and svEely in �he place and stead ❑f G rantor and �o ha�e a�l o��he powers ❑f Granfiar�or the purpases stated abo�e. No R�qu�rement tv Act. Lender shall nat be required �❑ d� any ❑f the �or�going ac�s or th�ngs, and �he tac�t that Lender shal[ haWe perfarmed ane or more ❑f ths faregaing acts nr things shall nat require Lender to do any ❑�her speGific ac�or thing. APPL�CATI�N 4F RENTS. A�� costs and expenses incurred by Lender in cannection wi�h #he Praperty shali be -Far Grantor's a�count and Lender may pay su�h �os�s and expenses from the Ren�s, Lender, in its sa�e discretion, shafl determEne �he app�ication of any and ali Rents received by it; howe�er, any such R�n�s recei�ed by Lender whi�h are nv� applied �o such cns�s and exp�nses shait be appiied �v �he �ndeb�edness. All expenditures made by Lender under