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�� N�ENT F �NT 2� 1 ��4242
<br /> L�an N�� °t������� ���r�t�r�ued� �a�e �
<br /> �ake under this Assignment.
<br /> �AYII�ENT'AND PERF�R#NANCE. Except as otherwise pro�ided �n this Assignment or any Related Documents, Granfor
<br /> shall pay to Lender ai[ amounts secured by this Assignment as �hey be�ome due, and sha�� s�r�cfify perform all of
<br />: Grantor's ob�igations under this Assignment. Unfess and unt�l L�nder exer�is�s i#s right�o collect�he Rents as pro�ided
<br />' below and so Ivng as there is n❑ defau�� under th�s Assignment, Grantor may remain in possessian and cantrol of and
<br /> operafe and manage fhe Prvper�y and cvliec�th� Ren#s, pro�ided that th� granting of the righ�to caf�ecf the Rents shali
<br /> nvt con�titute Lender`s consen#ta th�use of cash colla�eral in a bankrup�cy proceeding.
<br />� GRAhlTC]R'S REPRESENTATI�NS AND IIIrARRANTIES. Grantor warrants that:
<br /> t}wnership. Gran�or is en#�tled to re�eive the Rents �ree and clear of ail rights, loans, liens, enGumbrances, and
<br /> claims except as discfased�v and accepted by Lend�:r in writ�ng.
<br /> Right to Assign. Grantvr has the fuil righ�, power and authority �v enter inta �his Assignm�nt and tv assign and
<br /> con�ey the Rents ta Lender.
<br /> Nv Prior Ass�gnment. Gran�or has not pre�iausly assign�d or cvnveyed th� Rents fa any a�her person by any
<br /> instrument now in force.
<br /> IVo Further Transfer. Gran�or will not sell, assign, �ncumber, or o�herwise dispose af any of Grantor's rights in the
<br /> Rents excep�as pro�ided �n this Assignment.
<br /> LENDER'S RI�HT TD RECEIVE AND ��LLECT RENTS. Lender shali hav� �he right at any �im�, and even �hough no
<br /> default shall ha�e occurr�d under this Assignmen�, fio col(�ct and receive the Rents. For this purpvse, Lender is hereby
<br /> gi�en and granted th�fvllvwing r�ghts, powers and authorify:
<br /> Noti�e to Tenants, Lender may send notices to any and al� tenants �� the Praper�y ad�ising them of fihis
<br /> Assfgnment and directing al! Rents to be paid directiy ta Lender or Lender's agent.
<br />. Enter the Prvpe�#y. Lender may enter upon and take possessian of the Prvper�y; demand, cvllec�and rec�i���ram
<br /> the �enants or from any ❑ther persons liable there�vr, all o�the Rents; �nstitute and cart-y ❑n al! legal proceedings
<br />. necessary for the protec�ion of �he Prop�rty, including such prc�ceedings as may be necessary tv rec��er
<br /> p�ssession of the Property; cvllect the Rents and rsmo�e any tenant or t�nants or o�her persons�rom the Property.
<br /> Maintain #he Property. Lender may enter upvn �he Proper�y fia main�ain �he Proper�y and keep the sam� in repair;
<br /> to pay the cvsts thereof and o€aif services af all emp�oyees, including their equipment, and ofi all continuing cvsts
<br /> and expens�s of maintain�ng the Prvperty in proper repair and conditivn, and a�s❑to pay al�#axes, assessments and
<br /> water uti�iti�s, and the premiums vn fre and o#her insurance effected by Lender on th� Prvperty.
<br /> Cvmplian�e with Laws. Lende� may do any and a!I things to execute and cvmply with �he �aws of the State o�F
<br /> Nebraska and also all ather I�ws, rules, arders, vrdinances and requirements vf al! other g��ernmental agencies
<br /> a�Fec�ing the Prope�ty.
<br /> Lease the P�aperty. Lender may renf o�-lease the whale or any part v�the Prvpetty fvr such term or terms and on
<br /> such conditions as Lender may d�em approp�-iate.
<br /> Emplay Agents. Lender may engag� such agent or agen�s as Lender may deem appro�riafie, either in Lend�:r's
<br /> name o�-in Grantar's name, to ren�and manage�he Property, including the calieetion and applicativn of Rents.
<br /> �ther Acts. Lender may do a�l such ather things and acts with respect ta the Praperty as Lender may deem
<br /> appropr�ate and may act sxclusi�ely and solely in the place and st�ad a��rantor and �o ha�e all of the pvw�rs ❑f
<br /> Grantor for the purposes stated abo�e.
<br /> No Requi�ement to A�t. Lender shall not be required tv d❑ any of the foregving a��s ar things, and the #act that
<br /> Lender shal! ha�e per�ormed one or mv�-e o�the fvregving ac#s or things shali not require Lender to dv any other
<br /> specific ac�or tning.
<br /> APPLICATIC)N �F RENT�. All costs and �;7C�7�n5�5 incurred by Lender in �onnec�ion wi�h the Property shall be fvr
<br /> Grantvr's accaunt and Lender may pay such cvs�s and expenses from the Ren�s. Lender, in its sole discre�ion, shall
<br /> determine �he applica�ion of any and all Ren#s re�eived by it; hvvue�er, any su�h �ents reGeived by Lender which are
<br /> not applied �v such costs and expenses shal! be applied to fih� �ndebtedness. Ali �xpenditures made by Lender under
<br /> this Assignment and not reimbursed from �he Rents shall became a part of the Indebtedness secured by this
<br /> Assignment, and shall be payable an demand,wi�h int�res�at ths Nvte rate from dafie o�expenditure unti�paid.
<br /> FUL� PERF�RMAN�E. (f Grantor pays a�l v�the Indebtedness wh�n due and otherwise perForms al1 the obligations
<br /> impvsed upan Grantor under this Assignment, the Nate, and�he Related Docum�nts, Lender shall execute and de�i��r fv
<br /> Gran#or a su�table satisfac#ion of th�s Assignmen�and suitab�e sta�ements af termination of any financing statement vn
<br /> file e�idencing Lender's security inferest �n the Rents and the Property. Any termina�ion fee requi�-ed by law sha�l be
<br /> paid by Grantvr, if permitt�d by applicable 1aw.
<br /> LENDER'S EXPENDITURES. I�any ac�ion or proceeding is comm�nced tha�would ma�eria�ly affi�Gt Lender's inter�st�n
<br /> th� Proper�y or if�ran�or fa�ls�o comply wi�h any prv��sion of this Assignment vr any Related Docum�nts, �nc�uding bu�
<br /> not I�mited to Grantvr's failure tv discharge or pay when due any amounts Gran�or is required tv discharge vr pay under
<br /> this Assignment or any Rela�ed Dacuments, Lender vn �ranfor's behalf may �but sha�l not be obligated fo} take any
<br /> activn that Lender deems apprapriate, including but not iimited to discharging or paying all taxes, liens, securi�y
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