Laserfiche WebLink
-�!, __ <br /> _ � � <br /> ��� �VV�v� <br /> r <br /> � Grantor in and undex leases now ar hereafter affec�ing Che Property <br /> � are hereby assigned and transferred to Beneficiary. Beneticiary is <br /> authorized to give notice of this assignment, and Grantor agre�s to <br /> execute any and all further instruments which Beneficiary may <br /> � require to perfect this assignment. Any provision hereof <br /> notwithatanding, ao long as no default of Grantor or breach by <br /> Grantor of any term or provision hereof ahall exist, Grantor may <br /> collect assi�ned rents and profita as �he same shall fall due, but <br /> upon the occurrence of any such default or breach, or at such later <br /> time as Beneficiary in its sole di.scretion may elect, all right of <br /> � grantor to callect or receive auch rents or profita shall wholly <br /> terminate, and Beneficiary shall be entitled to make demand for and <br /> receive the payment of such rents and profits. In such event <br /> Grantor directs and authorizes the lesaees of the ProperCy tu make <br /> all paymenta required under the applicable leases and rental <br /> agreements to Beneficiary. All rents collected by Grantor shall be <br /> applied in the following manner: first, to the payment of all taxes <br /> and assessments levied against the Property where providing for <br /> paying such is not otherwise made; aecond, to the payment of any <br /> amounts due an awing to Beneficiary under the terms of any <br /> obligation secured hereby; third, to the payment of current <br /> operating costs and expenaes (includ�.ng repaira, maintenance and <br /> neceasaYy acc�uisi�ions of property and expenditures for capital <br /> improvements) arising in connection with the Property; fourth, to , <br /> Grantor or ita designee. All rents collected by Beneficiary may he , <br /> applied to the items above listed in a�ny manner that Beneficiary <br /> de�ma advisable and without regard to the aforestated priorities. <br /> Receipt by Beneficiary of such renta, issuea, and profits shall not � - <br /> constitute a waiver of any right that Beneficiary may have under � <br /> this Deed of Truat or under the lawa of Nebraska, nor shall the � <br /> ---- receipt and application thereof cure any default hereunder nor _ <br /> affect any foreclosure proceeding or the exercise of the powe� of � "_ <br /> sale contained in this Deed of Trust and th� law of Nebraska. . �=' <br /> Grantor sha11. not assign any of the rents or profits of the Property <br /> or collect any rent for more than two months in advance or change � � <br /> the general nature of the occupancy, or initiate or acquiesce in any ; <br /> zoning reclasaification, nor sh�ll Grantor terminate, accept a {. <br /> surrender of, or modify any existing or future lease if thereby the f <br /> security for the indebtedness and obligations aecured hereby would ' �. <br /> be impaired, nor do or suffer any act or thing which would impair � : <br /> the gecurit� £or the indebtedness or obligations secured hereby or `� <br /> Beneficisry s interest in the Property or the rents and profits � <br /> thereof. Reneficiary does not (and shall have no obligation to) �-�. : <br /> subordinate the lien of this Deed of Trust to the rights of any : <br /> lessee or tenant under any lease of all or any portion of the . <br /> Property. <br /> 8. Uniform Commercial Code. Grantor and Beneficiary agree that <br /> the filfng o a nanc ng tatement in the records having to do with <br /> personal property shall never be construed as in any way derogating <br /> from or impairing the declaration and stated intention of the <br /> parties hereto, that all goods, equipment, machinery, appurtenances, <br /> 12 <br /> ; <br /> , � � �• <br /> � � � <br /> . � <br /> --- f u�j <br /> k' IdS� <br /> --- - 'r• <br /> ---�, <br /> r�. <br /> �!' <br /> � T +�� <br /> ��k =- <br /> �ts, � <br /> , <br /> ' ' �J <br /> s,"i,�,= <br /> "k.�1� <br /> `,4<<�;� <br /> � <br />