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<br /> ASS[GNMENT �F RENTS
<br /> L�an No: 'I�129$�79 �Contlnued� page 4
<br /> dies or becomes incompeten�, or reW�kes or disputes �he �alidi�ty of, vr liability under, any Guaranty ❑f the
<br /> Indebtedness.
<br /> Adverse Change. A mat�ria� ad�erse change occurs in Grantar`s fEnancial candition, or Lend�r belie�es the
<br /> prospect of payment or per#nrmance❑f the lndebtedn�ss is impaired.
<br /> [nsecurifiy. Lend�r in gaad-�a�th b�lie�es ifiself insecure. �
<br /> Cure Pravisions. I� any default, other than a de�ault in paymen�, is curab�e and if Gran�vr has no-� been gi�en a
<br /> notice af a breach ofi the same pro�isivn of�his Assi�nment within �the preceding tweE�e {12} mon�hs, it may be
<br /> cured ifi Gran�ar, after Lender sends written nv�ice �o Grantor demanding �ure of such default: ��y cures �he
<br /> d��auit wi�hin fifteen ��5y days; or ��} if fihe cure requires more�khan fiif�een ��5} days, imm�diafiely ini�iates steps
<br /> which Lender deems in Lender's sole discr�tion to b� su�ficient �a cure �he default and �hereafter contsnues and
<br /> compietes a�� reasanable and necessary steps sufficient t❑ praduce compliance as s��n as reasonably practica[.
<br /> R�GHTS AND REMEDlES �N DEFAULT. Upon�he❑c�urrenCe❑f any EWent of Defau��and at any time thereaf�er, Lender
<br /> may exercise any one ❑r more o�the following ri�hts and remedies, in addition fia any o�her rights ❑r remedEes pro�ided
<br /> by law:
<br /> A�celerate Indebtedness. Lender shall ha�e the right at its op�ifln #o dec�are the entire �nd�btedness immediately
<br /> due and payable, incEuding any prepayment per�aity that Grantor would b� �equired�o pay.
<br /> Coilect Rents. Lender shall ha�e the right, withau� natic� �o Grant�r, fio take possessivn of the Prop�r�y and
<br /> colle�� the Rents, including amoun�s past due and unpaid, and app�y the net p�oceeds, a�er and aba�e Lender's
<br /> costs, against the indeb�edness. In �urtherance of this right, L�nder shaE! ha�e all #he rtghfis provided �ar in the
<br /> Lender's Right �� Re�eiWe and Calle�� Renfis Section, abo�e. If �he Ren�s are collec�sd by Lender, then Gran�or
<br /> ir�e�ocably designa�es Lender as Gran�or's attorney--in--fac� to �ndorse instruments recei�ed in payment thereo� in
<br /> the name vf Gran�or and to negotiate the same and c�llec� the proceeds. Paymen�s by �enants or other users to
<br /> Lender �n response �o Lend�r's demand shall satisfy the obliga-tions for which the paym�n�s are�made, whether or
<br /> na� any proper graunds for the demand existed. Lender may ex�rcise its rights under �his subparagraph either in
<br /> persan, by agent, or through a re�ei�er.
<br /> �ther R�medies. Lender shall ha�e aii ❑ther righ�s and remedi�s pro�ided in this Assignm�nt or �he Note or by
<br /> [aw.
<br /> Election of Remedies. Eiec�ion hy Lender to pursue any rem�dy shall not excEude pursui�❑�any❑ther remedy, and
<br /> an elec�i�n ta make expenditures vr�o talce actian t❑ perforr�°� an obligation of Gran�vr under this Assignmen�, after
<br /> Grantor's�ailure�❑ perfarm, shall nat a�#ect Lender's righfi�❑ declare a defaul�and exercise its remedies.
<br /> Atkorneys' Fees; Expenses. If Lender insti�utes any suit or action t❑ enfvrce any of fihe terms af this Assignment,
<br /> Lender shall be entitled �o r�co�er such sum as the cour� may adjudg� reasonai�ie as attarneys' fees at tria� and
<br /> upon any appeal. 1Nhether ❑r no� any cnurt actian is in�ol�ed, and to th� ex�ent no� prohibited by law, all
<br /> reasonable expenses Lender incurs that in Lender's ❑pinion are necessary at any time for �he protec-�i�n of ifis
<br /> interes�❑r th� enforcement vf its rights shall becflm� a part af the lndebtedness payable ❑n demand and shall bear
<br /> in�erest a��he Nate ra�e from the da�e of the expendifiure until repaid. Expenses cfl�ered by this paragraph include,
<br /> with�ut [imitation, hawe�er subject�o any limits under applicab�e law, Lender's attvrneys' fe�s and Lender's lega�
<br /> expenses, whefih�r ar not there is a [awsuit, including attorneys' fees and expenses f�r bankruptcy proceedings
<br /> �including effar�s ta modify or�acate any automatic stay❑r injunc�ivny, appeals, and any anticipated pos�--judgmen�
<br /> callec#ion ser�i�es, the cost of sear�hing recvrds, ❑b�aining tit�e reports �including for��losure repvrts�, surveyors'
<br /> rep�r�s, and appraisal �ees, ti�le insurance, and fees for �he T�uste�, to the extent permitted loy a�plicable law.
<br /> Grantor also will pay any court costs, in addition to aEi fl�her sums pro�ided by law.
<br /> MISCELLANE�3US PR�VISI�NS. The fvllvwing mis��l[anet�us pro�ESEans are a part of this Assignment:
<br /> Amendmen#s. This Assignm�nt, fioge�her with any Related ❑acumen�s, cons�itu�es the en�ire understanding and
<br /> agreemen� of the parti�s as fio the mat�ers set �orfih in this Assignm�nt. No al�eration ❑f or amendmen�t ta this
<br /> Assignment sha�i be ettecti�e unless giWen in wrifiing and sign�d by the party or parties sought to be charged or
<br /> bound by the alteration ar amendmen�.
<br /> Cap#ian Headings. Caption head�ngs in�his Assignment are for con��nience purposes ❑nly and are na��o be used
<br /> to interpret❑r define#h� prvWisivns ❑f fhis Assignment.
<br /> G�verning Law. This Assignmen# will be governed hy �e�eral iaw appli�abl� to Lender and, tv the ex#ent not
<br /> preempted hy�ederal [aw,the laws o��he Sta�e of Nehraska wi#hou#regard tv i#s con�lic�s of faw prv►►isions. This
<br /> Assignment has been accep�ed hy Lender in the State af Nebraska.
<br /> Choice ❑f Venue. l# �here is a lawsuit, Grantor agrees upon Lender's request to submi� �❑ �he jurisdic�ian ofi the
<br /> c�urts of HaE� County, 5�ate of Nebraska.
<br /> Merger. There shall be n❑ merger ❑f �he in�eres� or estate created by �his assignment with any other interest ❑r
<br /> estate in the Proper�y at any tEme held by❑r far the b�n��it of Lender in any capacity, without the written consent
<br /> af Lender.
<br /> lnterpretation. ��} ln all cases where there is mor� �han one gorrower ar Gran�ar, �hen a11 w�rds us�d in this
<br /> Assignment En the s�ngular shall be deemed to have been used in fihe p[ura[ where �he can�ext and �ans-�ruction so
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