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2� 1 ��5192 ASSI�NN[E�VT C]F RENTS Laan No: 'I�'i�978�5 ��ontinued� Page � not constitute Lender's consent ta the use of cash collateral in a bankruptcy prviceeding. GRANT�R'S REPRESENTATIONS AND 1NARRANT�ES. Grantor warrants fihafi: Dwnership. Grantor is enti#led �❑ recei�e the Rents �ree and c�ear of aI� rights, ioans, iiens, encumbrances, and claims excep�as disc[vsed to and ac�epted by Lender in writing. Righ#to Assign. Grantor has the full right, power and authority tv en�er int❑ this Assignment and �o assign and con�ey the Rents to Lender. No Prior Assignm�n#. Grantor has not pre�ious�y assigned ❑r con�eyed the Rents ta any other person by any instrument now in force. No Fur�her Transfer. Gran�or wil[ not sell, assign, encumber, or afiherwise dispose af any of G�ran�or's rights in the Rents excep�as pro�ided in this Assignmenfi. LENDER'S RIGHT T� RECE�VE AND CULLECT RENTS. Lender shall ha�e the rEght at any tim�, and e�en thou�h no defau[�shal� ha�e occurred under this Assignment, tv collect and re�ei�e the Rents. Far this purpase, Lender is hereby gi�en and granted the#ollowing rights, powers and authority: Notice to Tenants. Lender may send notic�s fo any and all tenants ❑f the Property ad�ising them �f this Assignment and direc�ing a!� Rents to be paid directfy to Lender or Lender's agent. Enter�he Proper#y. Lender may en�er upon and take possession of the Property; d�mand, co[[ect and rece��e from the tenan�s or from any vther persons liable therefior, all o�the Ren�s; institute and carry �n aii lega[ proceedings necessary for fihe prot�ctian ❑f �he Property, inc[uding such prac�edings as may be necessary to reco�er possession ot the Prap�rty; collect�he Rents and remo�e any tenant ar fienan�s �r❑th�r persons from the Property. Main�ain the Property. Lender may ent�r upvn the Property tn maintain the Property and keep�he same in repair; t❑ pay the costs thereaf and of alI ser�ices of all emplayees, inc[uding their equipment, and af all cantinuing costs and expenses❑f maintaining�he Prvperty in pro�er repair and candEtion, and also to pay all�axes, assessments and water utilities, and�he p�-emiums on#ire and other insurance effected hy Lender on the Property. Complian�e with Laws. Lender may do any and a[[ �hings ta ex��ute and comply with the laws of the 5tate ❑f Nebraska and a[s� a[[ ofher laws. ru[es, ❑rders, ❑rdinanGes and requirements af all other governmental agencies affecti ng the Pra perty. Lease the Property. Lender may rent or [eas� fihe whole or any part ot the Proper�y f�r such term �r terms and on such cond�tians as Lender may deem approp�iate. Employ Agenfs. Lender may engage su�h agent or agents as Lender may deem app�vpriate, either in Lender's name or in Gran�or's name,to r�nt and manage fihe Praperty, �ncluding�he cal[ec��an and appl�cation❑f Rents. �ther Acts. Lender may do alf su�h other things and acts with respect to �th� Property as Lende� may deem appropr�ate and may act exclusi�efy and sole[y in the place and stead o� Gran�or and �a ha�e all of�he p�w��s of G rantor for the purpases stated abo�e. No Requirement to AGt. Lender shall not be required to d❑ any ��the foregoing acts ❑r things, and #he fac� that Lender shall ha�e perfvrmed one ❑r mare ❑f the foregoing acts vr thEngs shall not requir� Lender to d� any oth�r sp�ci�ic act or thing. APPLiGAT1�N �F RENTS. All casts and expenses incurred �y Lender in cannec�ion with the Pr�perty sha[[ b� for Grantor's account and Lender may pay such costs and expenses fr�m the Rents. Lender, in i�s sole discretion, sha[[ determ�ne the application o� any and all R�n�s recei�ed by i�; however� any such Rents recei�ed by Lender which are not app�ied tv such costs and expenses shall be applied �❑ the Indebtedness. All expenditures made by Lender under this Assignment and nvt reimbursed from the Renfis shall became a part o�f the [ndebtedness secur�d by this Assignment, and shafi be payabl� an demand, wi�h int�rest at the Note ra�e trnm dat� of expenditure until paid. FULL PERFaRMANCE, lf Grantor pays all of the �ndebtedness when du� ar�d vtherwise performs a[f �he ❑bligat�ons imposed upon Grant�r under�his Assignment, fihe Nvte, and the Rela�ed Documents, Lender shalf execu�� and de[i�er ta Grantor a suEtable satisfa�tion o#this Assignment and suitable statemen�s of terminati�n of any finan�ing s�atement�n fi[e ��idencing Lender's security �nterest in the Renfis and the Praperty. Any �ermina�ion fee required by law shall be paid by Grant�r, if permifi�ed by applicabfe iaw. LENDER'S E�CPEND[TURES. [f any actian flr proceeding �s commen�ed that would ma�eria[[y affiect Lender's in�erest in the Praperty or if Grantor�ails�o camply with any provisi�n of this Assignment❑r any Related Dacum�nts, including bu� not l�mited to Granto�'s �ailure ta discharge ar pay when due any amaunts Grantor is requir�d�o discharge ❑r pay under this Assignment or any Related Documents, Lender an Grantor's behalf may �but sha�l not be ��I�gated to} take any actian tha� Lender deems appropriate, inc[uding but nat limited #o discharging or paying a[[ taxes, liens, se�urity interests, encumbrances and o�her claims, at any fiime ie�ied or piaced ❑n�he Rents or the Property and paying all costs for insuring, maintaining and preservEng the Property. All such expenditures incurred or paid by Lend�r fo� such purposes will�hen bear in#erest at the ra�e cha�-ged under the Note from th� date in�urred or paid by Lender to the dat� flf repayment by Gran�or. All such expenses wi[[ become a part of the �ndebtedness and, a� Lender's ❑pti�n, will {A} �e payable on demand; tBy be added tv the balance of the Nate and be apportioned amang and be payab[e w�th any installment payments ta become due during eithe� �1} the term ❑� any applicab[e insurance policy; ar �� the