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2� 1 ��4994
<br /> ASSIGN[VIENT �F RENTS
<br /> Loan �o: �q 7�973 7 7 �Cor�tinuecly Page 5
<br /> unenforcea�le as ta any pers�n or c�rcumstance, that finding shall not make the offending pra�isi�n illegal, in�alid,
<br /> or unenforceab�e as t❑ any ather persnn or circumstance. If feasible, the ❑ffending pro�ision shall he Gansidered
<br /> modified s� that it becomes legal, �alid and enfvrcea�le. 1f the offending pra�ision cannvt be s❑ modifEed, it sha�l
<br /> be c�nsidered deleted from this Assignment. Unl�ss othervu�se required by iaw, the i[legali#y, in�alidity, vr
<br /> unen�For�eabi�ity of any pro�ision ❑f this Assignment shall nat affect the legality, �afidity or enforceability of any
<br /> ❑ther pra�ision of this Assignment.
<br /> SL]GC@55�1'S anC�A5S1911S. Subje�t to any limitations stated in this Assignment on trans#er af Grant�r's interest, this
<br /> Assignment shall be binding up�n and inure t� the benefit af the parties, their successors and assigns. If
<br /> ❑wnership af the Property becomes �ested in a person ❑ther than Grantor, Lender, without notice to Grantvr, may
<br /> d�al with Grantar's su�cessors with referenGe to this Assignment and the Indebtedness hy way of forbearance vr
<br /> extension without releasing Grantor trom the obligatinns ❑f this Assignment or liability under the Indebtedness.
<br /> Time is af the Essence. Time is of the essence in the performance af this Assignment.
<br /> Wai�er of Hamestead Exemption. Grantor hereby releases and wai�es all rights and benefits af the hamestead
<br /> exemption laws af the State of Nebraska as to all Indebtedness seGured by this Assignment.
<br /> DEFINiTIONS. The follawing capitalized words and terms shall ha�e the foll�wing meanings when used in this
<br /> Assignment, LJnless specifically stated ta the con#rary, all referen�es ta �1Qllar am�unts shall mean amounts in lawful
<br /> money of the Un�ted States ❑� America. Wo�ds and terms used in the singular shall include th� plural, and the plural
<br /> shal# include the singular, as the context may require. Words and terms not❑therwise defined in �his Assignment shall
<br /> ha�e the meanings attributed ta such t�rms in the lJniform Cvmmercial Code:
<br /> Assignm�nt. The ward "Assignment" means this A551GNMENT �F RENTS, as this ASSIGNMENT �F RENTS may
<br /> be amended or modified fram �ime to time, together w�th all exhibits and schedules atta�hed to this ASSIGNMENT
<br /> C]F RENTS from time tv tim�,
<br /> Borrowsr. The word "Borrower" means M�NTE J GALVAN and LONI S GALVAN.
<br /> Default. The ward "L]�fault" means the Defaul't set forth in this Assignment in the section titl�d "De#ault".
<br /> E�ent of Default. The wards "E�ent of Default" mean any �f the events ❑f default set farth in this Assignment in
<br /> the default se�tion af this Assignment.
<br /> Grantor, The word "Grantar" means M�NTE J GALVAN and L�NI S �ALVAN.
<br /> Guaranty. The word "�uaranty" means the guaranty fram guarantvr, endvrser, surety, or accammodation party to
<br /> Lende�, including without limitation a guaranty of all ar part of the Not�. �
<br /> Indebtedness. The word "Indebtedness" means all principal, interest, and ather amaunts, cas�s and expenses
<br /> payable under the Note or Related Do�uments, together with all renewal,s.,��, �,��n.��nns of,, mvdificativns of,
<br /> consvlidations of and substitutions for the Nvte or Related aocuments and any amau�'ts expended ❑r ad�anced by
<br /> Lender tv dis�harge Grantor's abfigatians or expenses incurred hy Lender to enfor�e Grantvr's o�liga�ions under
<br /> this AssFgnment, together with in�eres�t on such amounts as p�o�ided in this As�ignment. 5pecifically, withvut
<br /> limitation, Indebtedness includes the future ad�an�es sei forth in� the �utur� Ad�ances pro�isivn of this
<br /> Assignr�ent, together with all interest therevn,
<br /> Lender. The ward "L�nder" means Fi�e Paints Bank, its su�cessars and assigns.
<br /> Note. The word "Nvte" means the promissory note dated August �, 2015, in the or�ginal princ�pal amount
<br /> �f $74.'13�.67 �ram �rantar ta Lender, together with all renewals ❑f, extensians of, modificativns vf,
<br /> t�efinancings ��, cansolidations �f, and substituti�ns for the promissary note or agreement.
<br /> Praperty. The word "Praperty" means a�l of Grantor's right, title and interest in and to all the Praperty as
<br /> described in the "Assignment" sectian vf this Assignment.
<br /> Rela#ed Documents. The wvrds "Related Dacuments" mean all pr�missory notes, credit agr�ements, �oan
<br /> agreements, en�ironmental agr�ements, guaranties, security agreements, mortgages, deeds vf �rust, security
<br /> deeds, callateral mortgages, and all vther instruments, agreemen#s and d�cuments, whether now or hereafter
<br /> existing, executed in �onnection with �he Indebtedness.
<br /> Rents. The wvrd "Ren�s" means all vf Grantvr's present and future rights, title and interest in, to and under any
<br /> and a�l present and future leases, including, without limitation, all rents, re�enue, incom�, issues, royalties,
<br /> bonuses, accaunts re�ei�able, cash or security depasits, ad�ance rentals, prafits and proceeds fram the Praperty,
<br /> and ather payments and benefits deri�ed or to be deri�ed frflm such leases af e�ery kind and nature, whether due
<br /> now ar later, including with�ut limitation Grantor's right tv enfvrce �uch leases and to rec���e and cvll�ct payment
<br /> and praceeds thereunder.
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