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(iii) Payment and performance of all obligations of Trustor under the <br />Continuing Guaranty dated as of the date hereof by Trustor to and in favor of Bank (the <br />"Guaranty "); <br />(iv) Payment and performance of all "Obligations" of Nova -Tech, Inc., a <br />Nebraska corporation ( "Nova "), as the term "Obligations" is defined in the Credit Agreement by <br />and between Nova and Beneficiary dated on or around the date hereof (as amended, restated, <br />or otherwise modified from time to time, the "Nova Credit Agreement "), including, without <br />limitation, the Promissory Note by Nova to and in favor of Beneficiary dated as of the date <br />hereof in the original principal amount of $7,000,000, and the Promissory Note by Nova to and <br />in favor of Beneficiary dated as of the date hereof in the original principal amount of $3,400,000. <br />Notwithstanding the foregoing, however, the Secured Obligations do not include Line of Credit 1 <br />or the Promissory Note by Nova to and in favor of Beneficiary dated as of the date hereof in the <br />original principal amount of $1,000,000. <br />(v) Payment and performance of all future advances and other obligations of <br />Trustor and Nova to Beneficiary, whether now existing or hereafter incurred or created, whether <br />voluntary or involuntary, whether due or not due, whether absolute or contingent, or whether <br />incurred directly or acquired by Beneficiary by assignment or otherwise; and <br />(vi) Payment and performance of all modifications, amendments, extensions, <br />and renewals of any of the matters described in subparagraphs (i), (ii), or (iii) above. <br />FNBO /Nova -Tech <br />Deed of Trust <br />DOCS/1660316.5 <br />ARTICLE I <br />ASSIGNMENT OF TRUSTOR'S INTEREST IN LEASES AND RENTS <br />3 <br />201605326 <br />Section 1.01. Absolute Assignment. Trustor hereby irrevocably, absolutely, presently, <br />and unconditionally assigns to Beneficiary (as an absolute assignment and not as an <br />assignment for security only): <br />(a) All of Trustor's right, title, and interest in, to and under any and all Leases, <br />whether now in effect or entered into in the future, including (i) all guarantees of and security for <br />lessees' performance under any and all Leases and (ii) all amendments, extensions, renewals, <br />or modifications to any Leases; and <br />(b) All rents (and payments in lieu of rents), income, profit, payments and <br />revenue at any time payable under any and all Leases, any and all security deposits received or <br />to be received by Trustor pursuant to any and all Leases, and all rights and benefits accrued or <br />to accrue to Trustor under any and all Leases (collectively "Rents "). <br />Section 1.02. Grant of License. Beneficiary hereby grants to Trustor a license (the <br />"License ") to collect and retain the Rents as they become due and payable, so long as no <br />Event of Default, as defined in Section 6.01, has occurred. If an Event of Default has occurred, <br />Beneficiary shall have the right, in its sole discretion, to terminate the License without notice to <br />or demand upon Trustor, and without regard to the adequacy of Beneficiary's security under this <br />Deed of Trust. <br />Section 1.03. Collection and Application of Rents. Subject to the License granted to <br />Trustor under Section 1.02, Beneficiary has the right, power, and authority to collect any and all <br />