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2� 1 ��4�77
<br /> ASSI�NM�NT DF RFNT� �
<br /> Loan No; ����9�59T {�vnt�nued} Page 5
<br /> No V�ai�er by Lender. Lender shali nvt be deemed to ha�e wai�ed any righ�s under�his Assignmen� unless such
<br /> wai�er is gi�en in wri�ing and signed hy Lender. lV❑ de�ay or omission nn the par�a�Lender in exercising any right
<br /> shall operate as a wai�er p� suGh right or any other right. A wai�er b� Lender af a pro�is�on o�this Assignment
<br /> shai! not prejudice ❑r cvnstEtute a ►nrai�er o'� �ender's right o�herwise to demand stric� cvmpliance with that
<br /> pro�is�on o�any other pra�ision of this Assignment. N� prior wai�er by Lender, nor any course❑�deaEing be�ween
<br /> Lender and Grantvr, shal! constitu�e a �nra�ver qf any❑f Lender's right� or o�any❑��rantor's ab�Egations as tv any
<br /> �Fu�ure transac-�ions. UVhene�er the consent a� Lender is required under �h15 Assignment, the gran�ing af such
<br /> cansent �y Lender �n an� instance shall no� const�tu�e continuing consent to subsequen� instances where such
<br /> consent is required and in a!1 cases such cvnsent may be granted or withheId in the svle discre�Evn o�Lender.
<br /> Ntitices. Any no�ice required ta be given under this Assignment sha�l be gi�en in wri�ing. and shall be effec�i�e
<br /> when ac#ual�� deii�er�d. when actually recei�ed by teie�acsimile tunless otherwise requi�-ed by law}, wh�n
<br /> deposited with a nationally recogni�ed v�ernigh�caurier, v�� if mailed, when deposited�n�he Uni�ed States maiE� as
<br /> �irs� c�ass. cer�i#ied or registered maE� postage prepaid, directed�o the addresses shav►rn near the beginning of this
<br /> Assignmen�. Any party may change i�s address �ar notices under�his Assignment by gi�ing formal written n�tice
<br /> ta �he ather parties, sQecifying �hat the purpase ❑� the natice �s t❑ �hange the party's address. For no�iee
<br /> purposes, Grantor agrees to keep Lender �nfvrmed a� a]] �imes v� Gran�or`s current address. Unless otherwise
<br /> provided or required by law, if there is mare than ❑r�e Grantor, any notice gi�en �y Lender ta any Gran�o�- is
<br /> deemed to be notice gi�en to a!i Grantvrs.
<br /> Powers of Attarney. The �arious agencies and Powe�s of attorney conWeyed on Lender under�his AssEgnment are
<br /> granted far purposes o�security and may not be re�aked by Gran�vr un�if such�ime as �he same are renvunced by
<br /> Lender.
<br /> 5ev�rability. ifi a c�u�t of campe�en� �urisdi�#ion finds any pr�vEsion o� this As�ignment �❑ he illegal. invalidr or
<br /> unen�or�eab�e as�v any person or cyrcumstance,that f�nd�ng shaf4 not make�the vf�ending pro�isivn illegai� inWalid,
<br /> or unenfv�ceable as �o any other persan ar �ircums�ance. if feasible, �he o���nding pro�is�on shafl be considered
<br /> modi�ied so �hat i� becames lega�, Wa1id and en�orceable. If the of�ending p���i�ivn cannat be so mvdifie�, �t sha�l
<br /> be considered deleted �r�m this Assignment. Unless otherwise required by lavu, �he EElegality, invalidityr nr
<br /> unen�orceabi�ity vt any prv�ision �# '�his Assi�nment shai� nfl� affect �he [egali�y, �ralidity �r enforc�ability o# an�r
<br /> o�her prv�ision a�this Ass�gnmen�,
<br /> Successvr�and Assigns. Subject ta any[imitations stated in this Assignment an transfer❑f�rantvr's �nteres�,thEs
<br /> Assignment shal[ he bind�ng upon and inure to the bene�it of the parties, their successvrs and assigns. If
<br /> vwnership of the Prope�r�y becomes �ested in a person vther than Grantor, Lender, wi�haut n��ice�o Grantvr, may
<br /> deal w��h Gran�or's successors with re#erence to �his Assignmen� and the Indebtedness by way of farbearance �r
<br /> ex�ensivn withou�releasing �rantor from the❑b[Egations af#his Assignmen�or liability under�he lndeb�edness.
<br /> Time�s v�F the Essence. Time is❑��he essence in the per�ormance of this Assignment.
<br /> V1Jaiver o# Homestead Exemp�ion. Grantor hereby rei�ases and wai�es al[ rights and bene�its of the homestead
<br /> exemp�ion laws o�the State o�Nebraska as�❑aI! lndeb�edness secured by�his Assignmen�.
<br /> DEF�NiTl�NS. The follawing capital�zed words and terms shal! ha�e �he fo[�awing meanin9s when used in this
<br /> Assignment. Unless spe�i�ically stated �❑ �he contrary, a!1 re�erences to do[�ar amoun�s shall mean amounts in lawfu[
<br /> mvney o�the Uni�ed S�ates of Ameri�a, VVvrds and te�ms used in the singular shafi inciude �he piural, and the piura!
<br /> shall inc�ude the singular, as the cantext may require. V1l�rds and terms nat o�herwise defined in�his Assignment shafl
<br /> ha�e�he meanings a��ributed ta such terms in the Uni�vrm Commer�iai C�de:
<br /> Assignmen�. The word "Assignment" means this ASSIGNMENT QF RENTSf as �his AS51GlVMENT�F RENTS may
<br /> he amended or modi�ied�rom time�o time, together with alf exhibi�s and schedules attached t❑this ASSiGNMENT
<br /> 4F RENTS frvm�ime�❑time.
<br /> Sorrov►rer. The v►rvrd "Borrov►rer" means REhIE VI!LaPE�.
<br /> De�Fauit. The word "De#ault" m�ans�he De�aul�set�vr�h in this�AssEgnrnent•��zthe-se.cti.�n��itled "Detaul�".
<br /> Event af Default. The vvords "E�en� ofi ❑efauit" mean any of the eUents o�de�au��,set�forth in this Assignment in
<br /> the de#au�t seGtion o�this Assignm�n�. ,- � �
<br /> Grantvr. The word "Grantor" means RENE W LOPEZ and JUANA IVi LQpE�; �
<br /> Guaran�y. The wvrd "Guaranty" means�he guaranty from guaran�vr, endarser, surety, ar accvmmodation party�a
<br /> Lender, inc�uding without[imi�ation a guaranty af a4I or part af the Note.
<br /> Indebtedness. The word r�lndeb�edness" means a�� principaE, interest, and �ther amoun�s, casts and expenses
<br /> payab�e under the fVa�e ar Rela�ed ❑o�uments, tage�her with af� renewa�s o�, extensivns v�, modifications vf,
<br /> canso��dations ❑�and subs�i#utions �ar�he No�e or Re[ated Do�umen�s and any amc�unts expended vr ad�anced by
<br /> i.ender to discharge Gran�or's obfigations or expenses in�urred by Lender tv en�rarce G�an�ar`s obtigati�ns unde�r
<br /> this Assignment, tvgethe� wi�h interest on such amoun�s as pro�ided in this Assignmen�. 5pe�i�ical�y, wi�hout
<br /> limitativn, �ndebtedness includes �he �fu�ure ad�ances set�or�h in the Fufiure Ad�ances pro�ision, �age�her wi#h ali
<br /> in'�erest therean and a[i amaunts �hat may be ind�reGtly seGured by the Cross-Caliateraliza�ion pra�isian of this
<br /> Assignment.
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