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<br /> 2� 1 ���87�
<br /> AS�iC�N�ENT' �F R�NT"�
<br /> ���t�t�t�u�d} Page 3
<br /> Deafh or�nsolven�y. The dissv�ution or termina��on of Barrav+rer's ar Gran�or's existen�e as a going bus�ness,�he
<br /> insol�en�y of gorrower or Gran�or,the appointment o�a rece�ver for any part of Borrovi�er's vr Granfar's property,
<br /> any ass�gnment for the benefit�f creditvrs,any�ype vf credi�or workvu�, or�he commencement nf any proceeding
<br /> under any bankruptcy❑r inso[vency Iaws by or a�ainst Barroinrer ar Granto�.
<br /> Credi�vr or Fvrfei�ure Proceedings. Camm�ncemen�of farec�osure or fa�eiture proceedings, whether by judicia[
<br /> proceeding, self-help, reposs�ssion or any o�her me�hod, by any credi�t�r of BorravUer or Grantor or by any
<br /> governmental agency agains��he Ren�s vr any pro�erty se�uring�he I:ndebtedness. This inc�ud�s a garn�shmen�of
<br /> any af Bor�a�nrer's or Gran�a�'s accoun�s,incfuding deposi�accoun�s,�nrith Lander. HoweWer,�his Event o�De�auf�
<br /> shall not app�y if there is a good faith d�spute by Borrvwer ar Gran�ar as�o the valid��y nr reasonab�eness of-�he
<br /> c�aim which is�he basis of the creditor or forfe��ure proceeding and if Borrnwer or Grantor gi�es Lender written
<br /> no�i�e of the c�edi�ar or for�eitu�e proceeding and deposits wifh Lender m�nies or�a surety band far�he creditor or
<br /> far�eiture proceading, in an amoun�de�ermined by Lender, in its so�e discre���n, as being an adequate resen�e or
<br /> bond for�he dispu�e.
<br /> Prvper�y Damage or Lass. The Praper�y is los�,stolen,sr�bstantially damaged,s�id,or borrauved aga�ns�.
<br /> E�en�s Af�ec�i�g Guaran�vr. Any of�he preceding e�ents accurs wi'�h resp�ct to any guaran�or, endorser, sure�y,
<br /> or a�cvmm�da�ian par�y of any of�he Indebtedness v�any guarantor, endorser, surety, or accommoda�ion party
<br /> dies or becomes �ncompetent, or revokes or dispu�es �he validi�y af, ❑r iiaEaili�y under; any Guaranty of the
<br /> Cndebtedness.
<br /> Ad�erse �hange, A ma�erial adverse change occurs in �ran�ar's �inancial cond'€�ion, or Lender be�ieves �he
<br /> prospee��f payment�r performance of�he Indebtedness�s impaired.
<br /> Insecuri�y. Lender in goad faith be�ie�es i�se[f insecure.
<br /> RI�H�S A�[D REI111E�lE$QN �EFAULT. Upon the oc�urrenGe�f any E�en�of Default and a�any fime�hereafter, Lender
<br /> may exercise any one or more of the�vl[owEng rights and remedies, in add��ion�a any o�her�ights or rerned�es pro�ided
<br /> by 1 aw:
<br /> Acce[era�e [nde�tedness. Lender sha(� ha�e�he righ�a�i�s option ta declare the enfrre lndeb#edness immedia�ely
<br /> due and payable,inc[u-ding any prepaymen�penalty�hat Borrower would be required i�o pay.
<br /> GoIlec� �en�s. Lender sha[[ ha�e the righ�, wi�hout nvti�e to Bo�rrvwer ❑r G�antvrs to take passession of �he
<br /> Praperfiy and cvllec� �the Ren�s, �n�fuding amounfs past due and unpaid, and apply �he net p�o�eeds, o�er and
<br /> abo�e Lender's �os�s, against �he lndebtedness. In fu�therance o� this righ�, Lende� shall ha�e al� the r�ghts
<br /> p�ov�ded �ar in �he Lender's R€ght �o Receive and Col[ec� Ren�s Sec�ian, abo�e. lf �he Ren�s are cvlIected by
<br /> Lender,then Grantor irre�oGab[y designa�es Lender as�ran�or's attorney-in fac��o endorse instruments r��eived'€n
<br /> paymen�thereo�in�he name of G�antor and iro n�ga�iate the same and cv[�ec�the proceeds. Paymenfis by tenants
<br /> or afher users�o Lende�€n response�a Lender's demand shall satis�y fihe obliga��vns for which the payments are
<br /> made, whei�her or nv� any prope� grounds f�r �he demand exis�ed. Lender may exercise ii�s rights under �his
<br /> subparagraph ei�her in person, by agen'�,or�hraugh a recei�er.
<br /> ��her Rem�dies. Lender shall hav� al[ v�her rights and remedies pro�ided in fhis Assignmeni� or the N��e �r by
<br /> [aw.
<br /> E9ec�ion of Rem�di�s. Eie��ion by Lender�o pursue any remedy shal� n�t excfude pursuit of any vther r�medy, and
<br /> an eleetion�o make expendi�u�es or�o�ake ac�ion fi�perForm an ob[igation of Granfor unde��his Assignment,a�ter
<br /> Gran�o�'s fai�ure tv perform,shall nv�affec�Lende�s righ�t�a deciare a defau��and exercise i�s remedies.
<br /> Aitorneys` Fees;Expenses. ��Lender institutes any sui�or ac�ian�o enfarce any of�he�erms af this�ssignmen�t,
<br /> Lender shal[ be en�i�led �to reco�er such sum as �he court rnay adjudge reasonable as a�arneys'�ees a�tr�a4 and
<br /> upon any appeal. Whether or not any cour� ae�ian is involved, and fo �he ex�ent not prohibited by law, al�
<br /> reasvnab�e expens�s Lender incurs fihat in Lender's opinion are necessary a� any�ime �Far the protec�ivn af E�s
<br /> in�erest�r the en�Forc�men�of i�s righ�s shall become a par�af�he �ndebfedness payable❑n�emar.d and shall b�ar
<br /> interest at the No�e ra�e from the date af�he expendi�ure un�il repaEd. Expenses covered by�his paragraph inc�ude,
<br /> v�r��hou�fim�ta�ions however sub�ec��o any Iimi�s under applicahle law, Lend�r°s a�torneys'�Fees and Lend�r's legal
<br /> expenses, whether�r not�here is a [awsui�s inc[uding a�tvrneys' f�es and expenses �for bankruptcy pro�eedings
<br /> �including efForks ta modity ar�a�a�e any aufiomati�s�ay ar injunction},appeafs,and any anticipa�ed past judgmen�
<br /> coiiec�ion setvices,�he cvs�af searching records, ab�ai`ning�i�le repv�ts �includ�ng foreclosure reports}, surveyors'
<br /> repo�s, and appraisal fees, t�tl� insuran�e, and fees for the Trus�ee, �o �he exten� permiited by appl�cab�e �aw:
<br /> Grantor a�so wEl�pay any court�os�ts,in addition�o al�ofiher sums pr��ided by law.
<br /> EL�CTR�N[C C�IPiES. Lender may �apy, elec�ranicalfy or o�henn�ise, and fiherea�ter des�roy, the originals of �his
<br /> Agreement andlor Rela�ed Documents in the regular course of Lend��'s business. A�� such �opies prndu�ed fram an
<br /> e�ec�r�nic form or by any o�her re��ahle means �i_e., pho�ographic image o��acsimile}sha�I in al� r�spec#s be conside�ed
<br /> equi�a�en��o an o�igina�,and Barr�wer hereby wai�es any rights vr objec�ivns�o�he use of such copfes.
<br /> MISCELLANEC]US PR�VIS��NS. The fo[lvw�ng miscel�aneous pro�isions are a pa�t af this Assignmen�:
<br /> Amend�nents. This Ass€gnmen�, �agethe�wi�h any Reiated ❑aeuments, cons�itu�es the enfiire �nde�s�anding and
<br /> agreemen�v��he par�ies as to�he ma�ters set forth in �his Assignment. No al�era�ion of o�amendmen����his
<br /> Assignmen�shall be efi�e��ive unCess gi�en in wri�ing and si�ned b}r�he pa�ty or parties svught to be charged or
<br /> bound by�he ai�era�ion or amendmen�.
<br /> Cap�ian H[eadings. Caption headings in this Ass�gnment are for�on�enience purposes only and a�-e nvt to be used
<br /> tv in�erpret❑r define�he pro��sions of�his Assignment.
<br /> G�verning L,aw. This Assignmen� ►n►ill be governed by f�dera[ ��►1v applicable �v Lender and, �o �he ex�ent n��
<br /> preemp�ed by federa! �aw,the Caws of�he Stafe of Nebraska w��h�u�rega�-d fio i�s can�lic�s o�lav+r prv�isions. This
<br /> Assignment has been accepted hy Lender in�the S�a�e vf Nebraska.
<br /> Chnice o�F Venue. [��her�e is a [awsui�, Grantor agrees upon Lender's reques�to submi��a�he�ur�sdiction o��he
<br /> �ou�s��Buffalv�vr�nty,S�a�e af Nebraska.
<br /> Jo�n# and Several Liabi�i�y. Alf obliga�ions af Barrower and Grantor under th�s Assignment sha[[ be joint and
<br /> se�eral,and aIl references fo�rani�or sha�] mean each and e�ery Gran�vr,and al[references�o�vrrowe�shall mean
<br /> each and every Borrawer. Th�s means �hat each Gran��r signing below is responsib[e for a�[ obligatior�s in �his
<br /> Assignment. Vllhere any one or more of�he par�ies is a carporation,partnership, limi�ed liabi�ity company or similar
<br /> en�i�y, i�is not necessary far Lender�o inqui�e in�o i�he pawe�rs of any af�he�f�icers,directors, par�ners, meml�ers,
<br /> ar o�her agen�s act�ng ar purpor�ing to act on�he entity's behal�, and any abliga�ions made ar crea�ed in rel�ance
<br /> upon the prafessed exerc�se�f such povvers shal�b�guaranteed under this Assignmen�.
<br /> Merger. There shal[ be no merger of the in�erest vr estate crea�ed by th�s Assignmen�wi�h any o�her interes�or
<br /> estate in�he Prop�rty at any�ime held by or�Far the ben�fit of Lender in any cap�ci�y,wi�hout�he�rvr�t�en consent
<br /> of Lender.
<br /> �nterpreta�ion. �'13 ln all cases�rvhere�here �s more�han one B�rrvwer or Gran�or, then all words used in �his
<br /> Assignmen�in�he singular shal[be deemed�o ha�e been used �n the p�ura�where�he conte�t and constructi�n so
<br /> require. �2} 1�more�han vne person signs�his Assignmenf as"Grantor,"the obligafions af each Grar�tor are�o�n�
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