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2� 1 ����38
<br /> ASSIGNMENT �F RFsNTS
<br /> Loan No: �0�298��8 ��antinued} Page 5
<br /> when actually deli�ered, when actualfy received by te[e�acsimi[e �unless otherwise required by law�, when
<br /> depasi�ed with a natiana�ly recagnized a�ernight cvurierr ❑�-f Ef mailed. wh�n dspasited in�he Un�t�d States mail, as
<br /> �first class, certi�ied ar registered mail pasfiage prepaid. directed ta the addresses shown near the beginning of this
<br /> Assignment. Any party may change its add�ess for natices under this Assignment by gi�ing formai ►nrritten notice
<br /> tv the ❑ther par�ies, specifying that the purpvse o� the na�ice is �o change the party's address. For notice
<br /> purposes, Grantor agrees tv keep Lender informed a� a�l �imes ❑t Grantor's curr�nt address. Unless otherwise
<br /> pro�ided or required by [aw, if there is more than one Grantor, any nvtice given by Lender �o any Grantor is
<br /> deemed to be notice gi�en to all Grantors.
<br /> Powers n�Attorney. The �arious agencies and powers of attorney con�eyed on Lender under this Assignment are
<br /> granted tor purposes af security and may nvt be re�vked by Grantnr until such time as the same are renounced by
<br /> Lender.
<br /> Se�erabi[ity. !f a caurt of competent jurisdictivn �inds any pra�i�ion vf �his Assignment to be illegal, in�a[id, or
<br /> unenfiorceable as �o any p�rson ❑r circumstance� that finding sha�l nvt make the vffending pro�isEon illegal, in�alid,
<br /> or unenfarceable as ta any athe�- person ❑r circumstance. It feasEE�le, the offending prv�ision shaf[ be cvnsidered
<br /> mvdified sa that i� becames lega[, �alid and enfvrceable. 1�the flf��endEng pra�ision cannvt be sa modified, it shall
<br /> be considered delet�d fr�m this Assignment. Unless �therwis� �equired by law, �he illega[ity. in�alidity� ❑r
<br /> unenforceabEl�ty of any p�v�isi�n of this Assignment shal� not affect the legality, �alidity ❑r en�orceabili�y a� any
<br /> other pro�isEon of#his Assignment.
<br /> Su�cessors and Assigns. Su�ject to any Eim�ta�ivns stated in this��ssignment on transfer of Grantor's in�erestr this
<br /> Assignment shall be binding upon and inure tv the benef�t of the parties, their successars and assigns. If
<br /> ownership af the Prvperty becames �ested in a persan other than �rantor. Lenderf withvut no�ice to Grantar� may
<br /> dea[ with Grantor's successnrs wifih reference to #his Assignment and the lndebtedness by way of fvrb�arance or
<br /> extensian without re[easing Grantor from fihe ob�igations o�this Assignment or liabi�ity under the [ndebtedness.
<br /> Time is of�he Essence. Time is af the essence in the perf�rman�e o�fihis Assignment.
<br /> Wai�er of Homestead Exemption. Grantor hereby re��ases and waives aIl rights and �enefits v� the hames�ead
<br /> exemptian laws of the Sta�e of Nebraska as tv afE fndel�tedness secured by this Ass�gnmen�.
<br /> DEFINETI�NS. The fvllo►nring capitalized words and terms shail haue the following meanings when used in this
<br /> Assignment. Un�ess specifica[�y sta�ed #o the contrary� all references ��a doEiar amounts shali mean arn�unts in law�ul
<br /> money ofi the Uni#ed States �� America. Vllards and terms used in th� singufar sha11 include fihe pfu�al, and the plura[
<br /> sha�! include the singular, as the context may require. Wo�ds and terms not❑�herwise def�ned in this Assignment sha��
<br /> ha�e fih� meanings atfiributed tv such terms in fihe Unifarm Cammercial ��de:
<br /> Ass�gnment. The word "Assignment" means this ASSIGNMENT �F RENTS, as this ASSI�NMENT DF RENTS may
<br /> be amended ❑r modified from time t❑timer together wi�h a[[ exhibi��s and schedules at�ached to this A551GNMENT
<br /> DF RENTS from t�me to time.
<br /> Borrvwer. The ward "Borrower" means JOSE DELGADO.
<br /> Default. The word "Detauifi" means the Default se#forth in this Assignm�nt in the sectivn tE�led "Default".
<br /> Evenfi of De#auEt. The words "Event af ❑e�fau[t" mean any of the �vents of default set for�h in this Assignment in
<br /> the default section o�fihis Assignment.
<br /> Gran#vr. The word "Grantor" means J�SE DELGADO and AURA NI GUTfERREZ.
<br /> Guaranty. The ward "Guaranty" means�he guaranty from guaranfiflr, endarser, surety, or accammoda�ion par�y ta
<br /> Lender, inGluding withaut limitation a guaranty of all or part of the No�e.
<br /> [ndeh#edness. Th� word "�ndebtedness" means all principal, interest, and other amvunts, C45�5 and exp�nses
<br /> payable under the Note or Related Dacuments, #agether with all renewals of, extensi�ns of, modificatians of,
<br /> cvnsolidativns of and subs�itutians far the No�e or Related Dvcuments and any amvun�s expended vr advanced hy
<br /> Lender �a dis�harge Grantor's obligations ❑r expenses incurred b�► Lender tv enfiarce Grantvr`s ❑b�igations under
<br /> this Ass�gnment, together with interes� ❑n such amaunts as proti�ided in this Assignment. Specifica��y, without
<br /> �imi�atian. Indebtedness Enc�udes the future ad�ances set fvrth in the Future Ad�ances provisian �� th�s
<br /> Assignmen�,tagether with al[ interest th�reon.
<br /> , Lender. The ward "Lend�r" means Five Paints Bank, �ts successors and assEgns.
<br /> No#e. The word "Nate" means fhe promissory n�fie dated September �� 2q��, in the ar�ginal prin��pal
<br /> ar�ount of $43,9��.88 firom Borrawer tv Lender, fogether with all renewals af, extensions ❑f, madifications
<br /> of, refinancings o�, consa�idations ❑f, and subs�itutions for the prvmiss�ry note or agreement.
<br /> Property. The word "Pr�perty" means ai! ❑f Gran�vr's right, �fiitle and interest in and ta all the Praperty as
<br /> described En the "Assignmenf" sect�on❑t this Assignment,
<br /> Related Documen�s. The words "Related Documents" mean a[E promissory nvtes, �redit agreements, [oan
<br /> agreements� en�iranmental agreements, guaranties, s�curity agreemenfis, mortgages. deeds v# trust. security
<br /> deeds, coI[a�e�al morfigages, and af! other ins�ruments, agreements and documents, whether now or hereafter
<br /> existing, execufied in cvnne�tian with the lndebtedness.
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