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2� 1 ��5494
<br /> A�SIC�NII�ENT OF RENTS
<br /> �Cont��l u�d} Page 4
<br /> sha1� not pre�ud�ce or constitute a waiver ❑f Lender's right o�herwise to demand strict comp[iance with that
<br /> proWision vr any❑ther pr��isivn of this Assignment. 1Vv prior wai�er by Lender, n�r any course o�dealing between
<br /> Lender and Grantvr, shall constitute a wai�er of any af Lender's rights or of any o��ran�or's vbligat�ons as to any
<br /> future transactions. Whenever the �onsent of Lender is required under th�s Assignment, the granting o� such
<br /> consent by Lender in any instance shall no� consfitute cvntinuing cvnsen� to subsequent ins�ances where such
<br /> consent is required and in all �ase�such consent may b�granted or wi�hheld �n fih�sole discre�ivn��Lender.
<br /> Nvtices. Any natice requ��ed�❑ be gi�en under�his Assignment shall be gi�en fn writing, and shall be effe�ti�e
<br /> when actually deli�ered, when actually recei�ed by telefacsimile �unless otherwise required hy �aw}, when
<br /> depvsited wifh a natianally recognized o�ernight c�urier, ❑r, if maifed,when depvsited in the United States mail, as
<br /> first c�ass, cerkif€ed or re�is�ered mail pnstage prepaid, directed to the addresses shnwn near�he beginning af this
<br /> Assignment. Any party may change i�s addr�ss for notices under th�s Assignment hy giving fvrmal written nati�e
<br /> to the vther parties, speci�y�ng tha# the purpase o� the notice is �Q change the parfiy's address. Far notice
<br /> purpvses, Gran�vr a�rees �v keep Lender in�ormed at all times af Grantor's current addr�ss. Unfess vtherwise
<br /> pro�ided o� required �y law, i� �here is more than one Grantor, any na��ce gi�en by Lender tn any �rant�r is
<br /> � deemed�o �e nvti�e gi�en t❑a�l Grantors.
<br /> Powe�s o�Atto�rney. The�ar�ous agencies and powers o�attorney canveyed on Lender under�his Assignmen�are
<br /> gran#ed for purposes of securi�y and may not be re�oked hy�rantar until such time as�he same are€-enounced by
<br /> Lender.
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<br /> Se�e�-abil��y, rf a courk af competent juris�i�tian finds any provisivn �f this Assignment to �e ilfegal, in�alid, vr
<br /> unenforceable as to any cir�umstance, that find�ng shall not make the afFending pro�ision illega[, in�alid, or
<br /> un�n�orceable as tv any ather ci�cumstance. lf feasible, the offending prv�ision shall be aonsid�r�d modified so
<br /> thafi it heoomes legal, �alid and enforceable. lf the a�fendin� pro�ision cannot be so mod�fed, �� shaff be
<br /> considered dele�ed �rom this Assignm�n�. Unless o��ennrise required by [aw, the iflegali�y, in�alidi�y, ar
<br /> unenf�r�eability af any provisivn of this Assignment shall nvt affect the legaliiy, �af idity ar enfarceabili�ky of any
<br /> vther pro��s�vn of this Assignment.
<br /> Successors and Assigns. Subject ta any�imitations stated in this Ass�gnment on transfer of Gran�or`s interes�,this
<br /> Assignment shall be binding upon and inure to the benefifi o# the parties, their suGcessars and assigns. I�
<br /> Qwnership of the Property�ecames vested in a person other�han Grantvr, Lender,without nv�ice to Gran�or, may
<br /> deal with Grantar's successors�rvith re�erence ta this Assignmen�and fihe [ndebtedness by way a�forbearance or
<br /> extension without releasing�rantor�rom the obl�ga��ans af th�s Assignment ar liabi�ity under the lndebtedness.
<br /> Time is a��he EssenGe. Time is of�he essence in the perFvrmance��#his Assignm�n�.
<br /> 'Wai�e Jury, All parties tv this Assignment her�by wai�e �he right tv any jury triat in any actian, praceeding, ar
<br /> caunterclaim brought hy any par-ty against anyr vfher par�y.
<br /> Waive�- af Homesfead Exemption. �ran�or hereby releases and wai�es all rights and benefits o� the hamestea�
<br /> exempt�an laws o�the State❑f Nebraska as to a�l lndebtedness secured by this Assignmen#. �
<br /> DEFlN1TIQNS. Th� �oE[owing capitafized wvrds and �erms shal� ha�e the fvllowing meanings when used in this
<br /> Assignment. Unless specifically stated tn the co�trary, alI refe�-�nces to dvllar amoun�s shall mean amounts in lawful
<br /> mon�y vf the United Sfa�es of America. VIlvrds and �erms used in the singular shall include the plural, and the pluraf
<br /> sha[f �nclude th�singufar, a�the con�ex� may require. Vllv�ds and terms not otherwise defined '€n�his Assignment shalf
<br /> hav�th�m�anings at�ri�uted ta such�erms in the Un�fo�m Cvmmercial Code:
<br /> Assignment. The word "Assignmen�" means�his ASSI�NMENT QF RENTS, as this ASSIGNMENT�F RENTS may
<br /> be amended or modi�ied �rom #ime to �€me, togethe�with a�l exh�bits and schedules attached t�this ASSIGNMENT
<br /> �F RENTS�rfl m ti m e to ti m e. �
<br /> Bo�-�ower. The word "Borrower" means Er:�es Enterprises, L.L.C.;�scar D Erives; and Nancy L Er��es.
<br /> Default. The word "De�aul�"means�he Defauft sst fvrth in this Assignment in th�section titled "Default".
<br /> E�en�af Default. The words "E�rent of Default"mean any of th� e�ents of default set for�h in this Assignment in
<br /> �he default se�tion of this Assignmenfi.
<br /> Granto�-. The word "�ran�o�"means Eri�es Entsrprises, L.L.C..
<br /> � Guaraniy. The wa�d "�uaranty" means the guaranty�rnm guarantor, endors�r, surety, or accommodati�n par�y�v
<br /> Lender, �nclu�ing w�thau�limitativn a gua�-an�y of ail�r part o�th�Note.
<br /> lndebtedn�ss. The word "Indebtedness" means a!I principal, interest, and o�her amaun�s, costs.and expenses
<br /> payable under the Note vr Rela�ed Documents, toge�her with all renewals of, �xtensions �f, m�difcativns v�,
<br /> consalidations of and substitutions for�he IVate or R��ated Documents and any amvunts expended or ad�anced hy
<br /> Lender to discharge Grantar's vbfigations or expenses �ncurred by Lender to enfvr�e Gran�or's obligations under
<br /> �his Assignment, toge�her wi�h interest nn such am�un�s as pro�ided in �his Assignment. Specif�cally, without
<br /> limi�at��n, lndek�tedness �ncludes all amounts that may be indirectly secured by th�Crass-�olfa�eraliza�i�n pravision
<br /> af th�s Assignm�nt.
<br /> Lender. The ward "Lender"m�ans First Nativna�Bank o��maha,its successors and assigns.
<br /> No�e. The word "Nvte" means any and alf vf gorrvvrrer's liabilities, obligati�ns and debts to Lender, now existing
<br /> o�hereina�ter incu�red or created, �nc�ud�ng, ►�v�thout limitation, all faans;ad�ances, interest, costs dehts, v�erdraft
<br /> ind�b�edness, cr�dit �ard indebt�dness, �ease oh[iga�ions, liabiliti�s and obligatinns under in�eres� rate pratec��on
<br /> agreements or�or�ign currency exchange agreements vr commodi�y price prvtection ag�-e�ments,other obl�gativns,
<br /> and liabilities af Barrovuer tagether wi#h all modifications, increases, renewafs, and ex�ensinns o� �he
<br /> aforemen�ioned. Additionally, hereby inGorpo�-ated as if fully set far�h herein are the te�-ms and cvnditions of any
<br /> pr�missory no�e, agreemsn� or ather dvcument �x�cuted by Bor�rower andJor Lende� indicating this security
<br /> instrument or the pr�per�y d�scribed herein shall he considered "Gollate�al" securing such pramissory no�e,
<br /> agrEemen�, �r other instrument,or any similar r�ference.
<br /> Proper#y. The word "Prop�rty" means ail n� �rantar's right, title and interest in and �o a�l the Prop�rty as
<br /> des�ribed in the"Ass�gnm�nt"sectivn vf th�s Ass�gnment.
<br /> Related Documen�s. The words "Re�ated Documents" mean all promissory notes, credit agreements, lvan
<br /> ag��emen�s, environmen�a[ agreements, guaranties, seGurity agre�ments, mortgages, de�ds o� trust, securi�y
<br /> deeds, cvllateral mortgages, and al[ o�her instruments, agreements and documents, whether naw or he�eafi�e�
<br /> exis�ing, executed in connection wi�h the Indebtedness. �
<br /> Ren�s. The word "Rents" means a11 0�Grantor's present and future righ#s, tit�e and interest in, to and under any
<br /> and all present and �uture leas�s, including, without �im�ta�ion, a[1 rents, re�enue, incam�, issues, raya[ties,
<br /> hanuse�, accounts recei�able, cash vr secu�ity deposits, ad�ance renta[s, profi�s and praaeeds f�om the Proper�y,
<br /> and other payments and b�nefits deri�ed ar to be derived fr�om such leases of every kind and nature, wh�th�r due
<br /> now ❑r later, �n�luding withauf limitatian Grantor's right t� enforce such leases and�� receive and collect payment
<br /> and proceeds�hereunder.
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