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<br /> S�I�NMENT F NT° an
<br /> ■ ` V1 ��4242
<br /> Lv�� N�: ��'�(���7� ���C��i�L��C�� �'�g� 4
<br /> C�Ilec� Ren'�s. Lender shall have the rign�, withau� notice to Borrower or Grantvr, ta tak� possess�an af the
<br /> Prope�ty and co�lect the Rents, including amoun�s pas� due and unpaid, and apply �h� net pro��eds, o�er and
<br /> abo�e Lende�'s costs, aga�nst the Indebtedn�ss. In fur�heran�e vf this r�ght, Lender sha�f hav� all the r�ghts
<br />;; pro�ided �For in the Lsnder's Right tv Recei�e and Col�e�t Ren#s Sec#ion, aba�e. �f the Rents a�-e callected by
<br />;�;: Len der, t hen Gran tor irre�oca b�y designa#�s Len de�as �rantar's attorney�in-fact tv endvrse ins�ruments re�eived in
<br />`�' payment ther�of in �he name of Grantor and to nego�iate the same and �vllec�the proceeds. Paym�n�s by tenants
<br />:;-_
<br /> � or other users to Lender in response �� Lender's demand sha�l satisfy the obligations fvr which �he paym�n�s are
<br />�' made, whether or no� any proper grounds for the demand exist�d. Lender may exer�ise its righfis under �h�s
<br />�
<br /> subparagra�h either�n person, by agent, or through a recei�er.
<br /> Qther Rem�die�. Lender sha�� ha�e all other rights and remedies pra�ided in this Assi�nment or the Note or by
<br /> I aw.
<br />; Electivn af Remedies. Electivn by Lender ta pursue any remedy shall not exclude pursuit of any o#her remedy, and
<br />' an �lec�ion�v make expenditures or to take action to perfiarm an vb�igation of Grantor under this Assignment, after
<br /> Grantor`s failure tc�per�vrm, shalf not af�e�t Lender's right ta deciare a defaulfi and exercise its remedies.
<br /> At�orneys' Fees; Expenses, If Lender institutes any suit or ac#ion tv enfvrce any vf the terms vf this Assignment,
<br /> Lender shall be en�i#led �o r��v�er such sum as the cour� may adjudge reasnnabfe as a�torneys' �e�s at tr�al and
<br /> upon any appea�. Whefher or nof any cour� activn �s invol�ed, and to th� extent not prohibited by Iaw, all
<br /> reasonab�e expenses Lender incurs tha� in Lender's op�nion are necessary at any time �or the pratection vf its
<br /> interesfi or the enfiorcement af its righ�s sha�l become a part o#the Indebtedness payabie on demand and sha�l bear
<br /> int�res#at the Nate�-ate fram the da�e vfi th�expendi�ure until repaid. Expens�s co�ered by this paragraph include,
<br /> w�thout ��mitativn, ho►rve�er subjec# �o any limits under applicable law, Lender's attorn�ys'fees and Lend�r's legal
<br /> �xpenses, whe�her or nat th�re is a lawsuif, inGiudi�g attorneys' fees and expenses far bankrupficy prvice�dings
<br /> {inc�uding e�fiorts#v modify or�aGa��any au�oma�i�stay or injunc�ion}, appeafs,and any anticipated post-judgment
<br /> co!lection s�rvi�es, the cost of search�ng records, obtaining fi�le repar�s (inciuding f�reclosure rept�rts}, su�veyors'
<br /> reports, and appraisaf �ees, titie insuran�e, and fees far the Truste�, to the exten� permif�ed by app�icable law,
<br /> Grantor afsa will pay any cou�t cos�s, in addi�ion to all ofiher sums pro�ided by iaw.
<br /> MIS�ELLANE�l1S PRDV[SI�NS. The�ollowing miscellaneous prv�isions ar�a part of this Assignmen�:
<br /> Amendments. This Assignment, tvgether with any Rela�ed Documents, consfii�utes the en#ire understanding and
<br /> agreement of th� parties as fio the matters set forkh in �his Assignment. No al�eration vf or amendment to this
<br /> Assignm�nt shall be effec�i�e unl�ss gi�en in wri�ing and signed by the party or par�ies sought �o be charged or
<br /> bound by the al#erafiion or amendm�n�.
<br /> Capt�on Headings. �aption h�adings in this Assignment are��r con�enience purposes on�y and are not�o be used
<br /> to int�rpre�vr define fihe pro��sivns of this Assignment.
<br /> Applicab�e Law. The Loan secured by this lien was made under a �nited Stat�s Sma�l Business Administrat�vn
<br /> 4S�A� natianwide prog�am which uses tax dollars'�o assist smail business flwners. [f the United S�a�es is se�king
<br /> �o enfarce this document, then under S8A regulatians: �a�INhen SBA is the halder of�he Nn#e,this document and
<br /> all documen#s e�idencing ar securing this Laan will be cflns#rued in acc�rdance with fede�al law. �b} Lender or
<br /> SBA may use ioGal or s�ate prvicedures for purposes su�h as fi�ing papers, recvrding do�ument�, girring no�ice,
<br /> fv�eclosing liens, and other pur�ose�. By using these procedures, SBA dves nvt wai�e any federal irnmunity frvm
<br /> laca� o�s#ate cantrol, penalfy,tax or i�ability. No Borrower or Cuaran�or may cla�m or assert against SBA any laca�
<br /> or sta�e law to deny any obl�gation of Borrower, ar de#eat any cla�m of SBA with respect to th�s Loan. Any claus�
<br /> in fihis docum�nt requiring arbi#ra�ion is nv� enforceable when SBA is the ho�de� �f the Na�e �ecured by this
<br /> instrumen�.
<br /> Cho�ce af Venue. If there �s a �awsui�, Gran�or agrees upon Lender's reques��o submif �o �he jurisdiction of�he
<br /> courts vf 5alt Lake�aunfiy, 5ta#s of U#ah.
<br /> Jvint and Se�eral Liability. A!f �bll���f�n5 ❑f Borrower and Grantor under this Assignment shail be joint and
<br /> se�e�-a�, and all r�feren�es�o Grantar sha11 mean each and e��ry�rantor, and a�l referen�es ta Borrow�r shall mean
<br /> each and e�ery Barrower. This means �hat ea�h Gran�vr signing befow is responsible �vr ail v�ligatians in �his
<br /> Assignmen�.
<br /> N�erger. There shall be no merger ofi�he in�erest or es#a�e created by�his assignment with any o�her interest nr
<br /> esta�e in the Prope�ty at any time held by or fnr the ben�ft af Lender in any capacity, wi�hvut the wri�ten consent
<br /> of Lender.
<br /> !n�#erpr��ation. ��} fn all cases wher� �here �s more than ane Borrv►nrer �r Gran�vr, then all words used in this
<br /> Assignment in the singu�ar shafl be deemed tv ha�e been used in �h� plural where the ��ntext and ��nstructian sv
<br /> requir�. (2� If mar�tharr one person signs this Assignment as"Grantor,"the ob�igativns❑f each�rantvr are joinf
<br /> and se�erai. This means that if Lender brings a lawsui�, Lender may sue any one or more ofi �he Grant��-s. i�
<br /> Bor�-ow�r and Grantar are nat the same person, Lender need not sue Barrower firs�, and that Barrawer need nat be
<br /> joined �n any lawsuit. �3} The names gi�en to paragraphs or sections in this Assignment are for can�enience
<br /> purposes only.They are not fo be used �v int�rpret or defin�the pro�isions o�th�s Assignment.
<br /> iVo VIJa�de�-by Lender. Lender shaif not be deem�d ta have wai�ed any rights under this Assignmen� unl�ss such
<br /> wai�er is gi�en in wri�ing and signed by Lender. No delay or omission on the par�o�Lender in exercising any righ#
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