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2� 1 ��� 174
<br /> ASSIGNMENT �F RENTS
<br /> L�an Na: 'I C�'I 2989�!5 �Co1lt�nu�d} Page 5
<br /> Lender and Grantor, shal[ constitute a wai�er❑f any o� Lender's rights or af any a�Grant�r's ob�iga�ions as to any
<br /> future �ransactiflns. VIlhene�er the consenfi of Lender is required under this Ass�gnment, the granting o� such
<br /> cvnsent by Lender in any instance sha[� not cansti�ute cvntinuing consent ta subsequent instances where such
<br /> �onsent is required a�nd in all cases such cansent may be gran�ed or w�fihhe[d in the sole discretinn ❑f Lender.
<br /> Notices. Any notice r�quired tv be given under this Assignment shall he gEven in writing� and sha�l be effect��e
<br /> when actually deliweredr when a�tuaEiy r�cei�ed by telefacsimile {unless atherwise required hy �aw�, when
<br /> depflsited with a na�tiona[Ey recognized ❑vernigh�courier, or, if mailed, when deposi#ed in the �nited 5�ates mai�, as
<br /> �irst class, certified or registered mail pvstage prepaid, directed tv the addresses shawn near the beginning of this
<br /> Assignment. Any �arty may change its address fvr notices und�r�his Assignment by gi�ing �ormal written na�ic�
<br /> t❑ the other parties, specifying that the purpose ❑f �he notice is to change the party's address. For notice
<br /> purpvses. Grantvr agr�es tv keep Lender infarme� at a11 �imes o� Grantar's current address. UnEess vtherwise
<br /> prv�ided or required by law, if there is mvre than one Grantor, any no�ice gi�en by Lender to any Grantor is
<br /> deemed t❑be notice gi�en t❑ al! Grantnrs.
<br /> Powers vf Attvrney. The �arious agenci�s and pawers ❑f attarney con�eyed on Lender under�his Assignm�nt are
<br /> gran�ed far purpases of security and may not be re�oked by Grantar until such time as the same are renvunced by
<br /> Lender.
<br /> Se�erability, lf a court ❑� campetenfi jurisdiction finds any pravisivn o� �his Assignmenfi �v be i[[egal, in�alid, or
<br /> unenfor�eabfe as fi❑ any person ar circumstanc�, that finding shal! nat make the ofi�ending prn�isian i[Eega1, in�aEid.
<br /> ❑r unentvrceable a� to any other person or circumstance. lf feasEble, the ❑f�ending pro�ision sha[[ be conside�ed
<br /> modified sa tha� it ��ecomes legaf, �afid and entvrceable. [f the offending pro�isivn cannot be sv modified, it shall
<br /> be considered deieted from this Assignmen�. UnEess otherwise required by law, the i[Eegality, in�aiidity, ❑r
<br /> unen�orceab�lify ❑f any pro�isian of thEs Assignment shalf n�t affect the fegality. vafidity ❑r enfarceability o� any
<br /> ❑ther prv��sion a�this Assignment.
<br /> Suc�essvrs and Assigns. Subject tv any fimitations stated in this Assignment on transfer vf Grantor`s interest,fhis
<br /> Assignment shall be binding upon and inure �o the benefi# af the parties, their successars and assigns. l�
<br /> ownership af the Pr�perty be�vmes �ested �n a pers�n other than Grantor, Lender, w�thvut notice tv Grantor, may
<br /> dea[ w�th Grantor's successvrs wi�h ref�rence�o this Assignment and the Indebtedness by way vf forbearance or
<br /> extension without r�leasing �rantor from the�b�igations v�this Assignmenfi or[iability under�he lndet��edness.
<br /> Time is of the Essence. Time is o��he essence in the performance of fhis Assignment.
<br /> Wai��r af Homeste:ad Exemp�ion. Grantor hereby releases and wai�es al! rights and benefits o� �he homestead
<br /> exemption iaws of�he S#ate❑f Nebraska as to all lndebtedness s�cured by�his Assignment.
<br /> DEFINIT��NS. The fo[Iawing capitafized words and terms shal! ha�e th� following meanings when used in this
<br /> Assignment. Unless specifical�y stated t❑ the cantrary, alf references to dollar amaunts shall mean amounts in lawful
<br /> money o� fihe Un�ted St��es of America. Wvrds and �erms used in the singu[ar shaf[ include the plural, and �he pfu�-al
<br /> shal[ inc[ude the singuia�, as the cantext may require. Vllords and terms not otherwise defined in this Assignment sha!!
<br /> ha�e the meanings attributed t❑such terms in the Unifarm Commer�ial Cvde:
<br /> Assignment. The word "Assignmen�" means this ASS�GNMENT �F RENTS, as this ASS[GNMENT�F RENTS may
<br /> be amended or modified �rom time fio#ime, fivgether with al[ exhibits and schedules a�ta�hed to this A5SIGNMENT
<br /> OF RENTS frvm time ta time.
<br /> Borrower. The word "6orrawsr" means SANTIAG� REYES.
<br /> Default. The word "oefault" means�he De�Fault set farth in th�s Assignment in the sec#ivn tifiled "oetauit".
<br /> Event vf Defau�t. The words "E�ent ��F Defaul�" mean any ❑f the e�ents ❑t default set forth in �his Assignment in
<br /> the default sectivn of this Assignment.
<br /> Grantor. The word "Grantor" means SANTIAGfl REYES and LETECIA REYES.
<br /> Guaranfy. The woLrd "Guaranty" means�he guaranty#�-am guaranfior, endv�ser, sure�y, vr accommodation par�y t❑
<br /> Lender, including v►�ithout EEmitation a guaranty of al[or part of the No�e.
<br /> Indehtedness. The word "indebtedness" means a!� principalf interest, and vther amaunts, costs and expenses
<br /> payable under the Nate or Refated ❑ocuments, �ogether with all renewals of, extensivns of, madifica�ians of,
<br /> consafidativns o�and substitutivns tor the Note ❑r Related Documents and any amounts expended ❑r ad�anced by
<br /> Lender t❑ discharge Grantvr's obi�gations ❑r expenses incurred by Lender to en�orce Grantar's obligations under
<br /> this Assignment, fivgether with interest on such amounts as pra�ided in �his Assignment. 5pecifically, without
<br /> limitation, fndeb�edness includes a!f amvun�s�hat may be indirec#[y se�ured by�he Cross-Collateralization pro�isian
<br /> ❑f th�s Assignment.
<br /> Lender. The word "Lender" means Fi�e Points gank, i�s successvrs and assigns.
<br /> Nv�e. The word "Nate" means the promissory no�e dated September 19, ��16, In the arrgina[ principa�
<br /> amount of $3'I,94�.5D �from Barrower to Lender, tvge�h�r with alI renewafs vf� extensivns ❑f, modifEcations
<br /> ❑f, refinancings of, conso[idativns o#, and substitutinns fvr�he pramiss�ry nate or agr�ement.
<br /> Pr�perty. The word "Praper�ky" means a11 0� Grantor`s rEghfi, title and Enteres� in and to a[f �he Property as
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