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2� 1 ��5494
<br /> � ASSI[�NI�IENY C]F RENT�
<br /> �Conti t�ue�} Page 3
<br /> any of Borrower's ar Grantvr's accounts, inc�uding deposit accounts,with Lende�. However,th�s E�ent o�F Default
<br /> sha[� not app[y if ther� is a goad fai�h dispute by Borrvw�r or �ran�ar as tv the �alidity or reasvnableness a��he
<br /> claim which is the �asis af the creditor or fvrfeiture prflceeding and if Borrowe�- or Gran�vr gi�es Lender wri#ten
<br /> nv�ice ❑�F the creditor or�orfeiture pro�eeding and deposits with Lender monies vr a sure�y bond fvr the credi#or ar
<br /> �arfeiture pr�ceeding, in an amount determin�d by Lender, in i�s sa�� discre��an, as being an adequate resen�e or
<br /> bvnd for the dispufie.
<br /> Property Damage or Loss. The Property is lost, stafen, substantial[y damaged,sofd,vr ba�rovued against.
<br /> E�ents Affecting Guar�antar. Any o�fhe preceding e�ents vccurs with respect ta any guarantor, endorser, sure�y,
<br /> or accvmmflda�ion parky af any of the Inde�tedness vr any guaran#vr, endvrser, su�ety, or accnmmodatian party
<br /> dies or becames incompetent, vr re�okes nr disputes the validity vf, vr liabifi�y under, any �uaranty of the
<br /> Indebtedness.
<br /> Ad�erse Ghange. A ma��rial adverse change occurs in Grantvr's finanGia� cond�t�vn, ar Lender believes �he
<br /> prospect of payment�r pe�Forrnance af the lndebtedness is impaired. �
<br /> Nnsecurity. Lend��-in goad fai�h belie�es itself insecurs.
<br /> RIGHTS AND REiVIEDIES�N DEFA�JLT. Upon the o�currence of any E�ent of Default and at any time thereafter, Lender
<br /> may exercise any ane�r mvre o€the�ollawing rights and remedies, in addi�i�n to any other righ�s or remedies pro�€ded
<br /> by law:
<br /> AcGelerate lndeb�edness, Lender sha�l ha�e #he right at its opt�on to declare the �ntire lndebtedness immedia�ely
<br /> due and paya�fe, �ncluding any prepayment penalty�ha�Borrower wou[d be required ta pay.
<br /> Gollec� Rents. Lender shall ha�e the r�ght, withau� notice to Borrvwe� or Grantor, ta �ake possess�on af �he
<br /> Property and Goff�ct �he Rents, including amounts past due and unpaid, and apply the net proceeds, v�er and
<br /> abave Lender`s cas�s, against �he Indebtedness. �n fur�herance af this right, Lender shall ha�e afl the rights
<br /> pro�ided for in the Lender's R�ght to Receiv� and Coll��� Ren#s Sec#�vn, above. If the Rents are co�lected by
<br /> Lender,then Gran�vr irre�ocahly designates Lender as Gran�or's a#torney-in-�Fa�t to endorse�nstrumen�s received in
<br /> paymen�thereof in�he name of Grantvr and�o nego�iate the same and c�llect the prviceeds. Payments by tenants
<br /> or ❑ther users t❑ Lend�r in �esponse ta Lender's demand shall satisfy the ob[igations for which the payments are
<br /> made, whe�her or not any prvper graunds fo�- the demand existed. Lender may exercise i#s �igh�s under �his
<br /> subparagraph either in person, by agent,or thr�ugh a recei��r.
<br /> �ther Remedies. Lender sha[� ha�e al� vthsr r�gh�s and r�medies proWided in this Assignment ar the Nvte Qr by
<br /> law.
<br /> Elec��vn of Remedies. Efect'ran by L�nder tv pursue any remedy shalf not exclude pursui�af any o�her remedy, and
<br /> an election tv rnake expenditures or to take act�on to pe�Farm an abligation of Grantor under#his Assignment,after
<br /> Grantor's failure tv perFvrm,shall not affect Lend�r's right ta declare a default and exercise�ts remedies.
<br /> Attorneys' Fees; Expenses, �f Lend�:�-insti�u�es any su�t or a�k�on to enforGe any of th�terms of this Assignment, �
<br /> Lender shall be entitled ta recvver such sum as the caurt may adjudge reasanable as aitarneys'fees a�triaf anc�
<br /> upon any appeal. Whether ar nat any cou� activn is in�ol�ed, and �o the exten� not prohihited by law, a�l
<br /> � reasonab�e expenses Lender incurs that in Lender"s apinion are necessary at any time �Fvr the p�atec�ion of i�s
<br /> in�eres�or th�enfarcement of its rights shal� become a park o�F the Indebtedness payable an d�mand and shall hear
<br /> in�eres�at the hlo�e rate fram the date v�th�expenditure until repaid. Expenses ca�ered by this paragraph includ�,
<br /> with�ut limitat�on, hawe�e�subject to any fir�its under appficable[aw, Lender's attprneys'fees and Lender's�egal
<br /> expenses, whether or no��here is a lawsuit, including attorneys' fees and expenses for bankruptcy praceedings
<br /> (includfng effvrts tv modify o�-�acate any automa�ic stay or injunctivn}, appea[s,and any anticipated pos#judgment
<br /> cofle��on services, �he cost of searching records, obtaining title reports �including foreclosure reports}, surveyors'
<br /> reparts, and appraisal fees, �i�le insurance, and fees fvr �he Trusfiee, to the exterrfi permitted by applicable �aw.
<br /> Grantor also wil[ pay any court costs, in addifi�on t�all vther sums prouid�d by faw.
<br /> ELECTRDNIC C�PIES. L�nder may capy, electronicaily .or otherwise, and thereafter des#roy, the ❑riginals of this
<br /> Agreement andlor Related Documents in the regular caurse of Lender's business. All such copies produced �rom an
<br /> �lectrani�fvrm �r by any other re��able means �i.e., pho�vgraphiC image or�acsimile}shall in al� respe�ts be considered
<br /> equi�afen�to an original, and Borrnwer h�re�y waives any rights or vbjecti�ns t❑the use o�such copies.
<br /> M15CELLANEaUS PR�VtS1�N5. The�vllowing miscellaneous pro�isions are a part o�this Assignment:
<br /> Amendments. This Assignment, tog�ther wi�h any Relat�d Documents, consti�utes the ent�re understanding and
<br /> agreemenfi of th� parties as #o the ma��ers se� �orth in �his Assignment. Na alteration af ❑r amendment to th€s
<br /> Assignment shall be e�fiecti�e unless gi�en in writing and signed by the pa�y ❑r parties sought tv b� cha�ged or
<br /> bound by the al�erativn or amendment.
<br /> Cap�ion Headings. Caption headings in this Assi�nmen�are�far can�enience purposes vnly and are not�o be used
<br /> �o interp�-e�ar defne the pro�isions of this Assignmen#.
<br /> Gorrerning Law. This Assignment wil! be g�verned by ��dera� faw applicable #o Lender and, #a the ex�ent not
<br /> preempted by#ederaf raw,the laws of the S���e of Nebraska w"rthvut regard to its c�nflic�s of�aw praWisians. This
<br /> Assignment has be�n accepted by Lender in t�e State of Nebraska.
<br /> Chvice of Venue. lf there is a lawsuit, Grar�tvr agrees upon L�nder's request�� submit to the�urisdiction of th�
<br /> courts af Hall Coun�y, 5�ate af Nehraska.
<br /> Jo�n� and Se�eral Liabil�ty. All obGgafi�ns �f Borrower and Grantor under thi� Assignmen� shall be joint and
<br /> s��eral, and al�ref�rences to Grantor shalf inean each and e�ery Grantvr,and all references�o Barrawer shall mean
<br /> each and e�ery Borrower. This means �ha� each Grantvr signing below is respvnsible for aCl obli�at�ans in this
<br /> Ass��nment. Where any one or�more a�the parties is a.corporation, par�nership, limi�ed liability c;ompany or simi�ar
<br /> �ntity, it is not necessary fvr Lender t� inqu�re int��he pvwers of any o�fihe o�ricers, directors, partners, m�mbers,
<br /> or other agents acting vr purparting to ac�on the en�i�y"s behalf, and any o�aligatians made or crea�ed in �eliance
<br /> upvn.the professed exercise of such powers shall be guaranteed unde�this Assignmenfi.
<br /> IVlerger. Ther� shall be no merger o�the interest o�estate crea�ed by this ass3gnment with any o�her inter�st vr
<br /> es�a�e in the Property at any time held by or�vr the benefit o�Lender in any capacity,without the written consent
<br /> o�Lender.
<br /> !n#erpretativn. �'1} In alI cases where there is mare than one Barrower�r Grantor, then a�l uvords used in �his
<br /> Assignment in the s�ngular shall be deemed to have been used in the plural where the cpntext and construction sv
<br /> require. {2} If more than vne persvn signs�his Ass�gnmen�as"Grantor,"the obliga#ians af ea�h Gran�or are joint
<br /> and several. This means that �f Lende� brin�s a �awsuit, Lender may sue any one ar more vf the �rantvrs. lf
<br /> B�rrawer and Grantvr are nat�he same persvn, Lender need not sue Barr�wer firs�, and tha�Borr�wer need nvt be
<br /> jained in any lawsuit. �3} The names gi�en to paragraphs or se�tivns in this Assignment are for con�enience
<br /> purp�ses orrly.They are nQt tv be used ta interpret❑r define the pro�isions af�his Assi�nment.
<br /> No Vlla�ver by Lender. Lender shall not be deemed to ha�e wai�ed any rights under this Assignment unfess such
<br /> wai�er is given in wri�ing and signed by Lender. Na delay or omissivn vn the pa�of Lender in axercis�ng any right
<br /> sha�l operate as a wai�e� vf such rfgh�or any ❑ther righ�. A wai�er by Lender vf a p�ovis�on af this Assignmen�
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