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<br /> e45��C��V��N1� �F f�Eh�Y�
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<br /> ����t�t�ued Page �
<br /> and se��ral_ Thfs means �ha� i� Lender br�ngs a [awsui�, Lender may sue any ane or more of�he Grantors. �f
<br /> Bor�ower and Grantor a�e na��the same person, Lender n�ed no�sue Barrowe�firs�, and�ha�Borrower need not be
<br /> jo�ned in any lawsuit. �3} The names given �a paragraphs or sectians in �his Assignmen� are far can�en�ence
<br /> purpases anly.They are nv�to be used�o in�e�pre�❑r de�ine�he pro�isions of�his Assignment.
<br /> Na Wai�e�by Lender. Lende�sha�l not be deemed �o have waiW�d any rights under�his Assignmen�unless such
<br /> �nrai�er is gi�en in�nr���ing and signed by Lender. No delay nr amissian an�he part of Lender�n�xercis�ng any righ�
<br /> sha�� op�rate as a waiver of such righ�v�any o�her right. ►q waiver by Lende�-of a provision af�his Assignmen�
<br /> shali nv� p�e�udice or cons���ute a waiver vf Lender's righ� o�he�vtirise �a demand s�rict campfiance w�th that
<br /> p���ision or any o�her provision of th�s Assignmen�. No prior v+raiver by Lender,nor any cou'rse o�dea�fng be�inreen
<br /> L�nd�r and Gran�or,sha�i�ansti�ute a inraiver af any of Lender's rights or af any of Gran�or's obligativns as�a any
<br /> future transac�ions. VIlhene�er �he �vnsent a� Lender is required under this Ass�gnment, the granting of such
<br /> consent by Lender in any ins�ance shall n�� cons�i�u�e continuing consen��o subsequen� �ns�an�es �vhere s.uch
<br /> consen'�is required and in a�l cases such cvnsen�may b��ranted or�rvithhe{d in the sole dis��e��on af Lender.
<br /> Nn��ces, Any noti�e required �a be given under this Ass�gnmen�sha�1 be given in wri�ing, and sha11 be effecti�e
<br /> when ac�ua�[y de�i�ered, when ac�ualiy re�ei�ed by telefacsimile �unless a�her�rvise required by law}, when
<br /> deposi�ed�nri'�h a na�ionally recognized oWernigh��ourier, or, if mai�ed,when deposited in the Llnified Sta�es mail,as
<br /> firs�c�ass, cer�ified or regis�ered mail postage prepaid, d�rected���he addresses shvwn near�he beginning fl�thfs
<br /> Assignmen�. Any party may chang�its address for noi�ices under�his Assignmen�by giving forma�w�itten notice
<br /> �o �he o�her pa�ies, speci�ying tha� �he purpose af the noti�e is �a change the par�y's address. Far na�ice
<br /> purposes, Grantor agrees i�o ke�p Lende� �nformed a� ali times a� Gran�vr's curren� address. Unless otherw�s�
<br /> prov�ded or requi�ed by lav�r, if there is more than one Gran�or, any nv�ice g�'r�en by Lender �o any Gran�or fs
<br /> de�med�v be no�ice given to a�l Gran�ors.
<br /> Powers of Atfivrney. Th��anous agen�ies and pawers vf att�rney conveyed on Lender under�th�s Assignmen�are
<br /> granted�or purposes af secu�-��y and may no�be re�oked by Grant�r until such�ime as the same are renounced by
<br /> Lender.
<br /> Severahili�. If a cvurt of compe�en�ju��sdiCtion ��nds any pravision of�his Assi�nment to be i�[ega�, inva�id, or
<br /> unenfarceab�e as �o any cir�ums�ance, �ha� find�ng shal[ no� make �he af�ending pro�ision i[legaE, in�alid, vr
<br /> unenforceable as to any�#her circumstance. �f-Feasible, �he offending pro�isian shai[ be �ons�dered modifed sa
<br /> �hat i� becomes lega�, valid and en�Fv�ceab[e_ lf the affending pra�ision �anno� be so modified, i� shaCl be
<br /> cons�dered dele�ed from this Assignmen�. Unless o#henr�rise requ�red by [aw, �he i[�ega[ity, invalidity, or
<br /> unenfiorceabiii�jr af any pro�ision �f�h�s Assignmen�shail not affect fhe Iegali�y, validii}r �r en�arceabifity of any
<br /> a�her pro�isinn of this Assignment.
<br /> Successv�s and Ass�gns. 5ubjeG'��v any�imi�a�ions sfa�ed in th�s Assignmen�on t�ansfer of Granfivr's in�eres�,this
<br /> Assignmen� sha[I be bindin_g upon and inu�-e to the beneft af -�he par�ies, their successors and assigns. If
<br /> awnership of the Property hecames ves��d in a person o�her�han�rantar, Lender,wi�hvut n�tice to Grantor, may
<br /> deal rrvi�h G�an�v�'s successors with reference�a this Assignment and �he Indebtedness by way of�Forbearan�e ar
<br /> extensi�n withou�releasing Gran�or�ram�he o�[igations af this Assignment or liabi�ity under�he�ndebtedness.
<br /> T�me is vf the Esser�ce. Time is af fihe essence in�he performanGe of�his Assignmen�_
<br /> �11�a�rre Jury. ►4�l par�ies '�o �his�4ssignment he�-�by wairre �he right fo �niy jury�riai in any ac�ion, proceeding, or
<br /> cvun'�erc[aim brough�hy any party againsf any other par�y.
<br /> lllrai�er vf Homesfead Exemp�ion. Gran'�or lnereby releases and waiv�s al� righ�s and benefi�s of�he homesi�ead
<br /> exemption Iavus o�the State af Nebraska as ta al[ [ndeb�edness secured by�his Assignment.
<br /> W��ver of R'rght vf Redemp�ian. NDT111flTHSTAIVD�NG �IN� DF THE PF��VIS��NS T� THE ��NTRA�Y
<br /> C4NTA[NED iN TH1S ASS[GNMENT, GRANT�R HEREBI'�IIfAiV1ES AI�IY AND ALL RIGHTS�F REDEMPT��N FR�M
<br /> SALE UNDEF�ANY ORDER �R JUDGMENT 4F FDRE��flSUF�E 4N GRANT�R'S BEHALF AIVD OfV BEHALF ��
<br /> EACH AND EIIERY PERS�N, E�CCEPT JUDGMENT CREDIT�RS 4F GRANT�R,ACG�UIRIN�ANY 1NTEREST [N OR
<br /> T1TLE T�THE PR�PERTY SUgSEC�UENT T�THE DATE DF TH1S ASS��NMENT.
<br /> DEFIN�T�O[VS. The follov+ring capita[�zad wards and terms shall ha�e �he �vllvwing mean�ngs �rvhen used in �his
<br /> Assignmeni�. Un�ess sp��if€ca�iy s�a�ed �o�he can�rary, a�I re�erences to dollar amounts shall mean arn�unts in lawfu[
<br /> money v��he Uni�ed Stafes of Ame�ica. Vllards and �erms used in �he s�ngular shall inc�ude the plural, and�he p€uraf
<br /> shall include the singular, as�he cQn�ex�may require. Words and terms no�otherwise defined in�his Ass��nmen�shall
<br /> ha�e�he meanings attributed�o such�erms in�he Unifar�n Cammerc�al Cvde:
<br /> Assignrr�en�. The word"Assignment"means�is ASSIGNMENT DF RENTS,as this ASSI�NMENT�F RENTS maW
<br /> be amended or mod�fied frvm time�v��me,tage�her wifih al[ exhibits and schedules attached�o�his ASS[GNMENT
<br /> �F R�NTS�rom time tv�im�.
<br /> Bor�-�we�-. The ward "Borrower" means Kershner Praper�€es, L.L.�.; Central Nebraska N�€ar�agement, �nc_; Kev�n 111I
<br /> Kershner;�nd Ju�ie R Kershner:
<br /> Defaulfi. The word"De�aulf"means�he D�faul�set for�h in�his assignment in�he seci�ivn�i�[ed"Defauf�"
<br /> E��n� of De�aulfi. The wo�ds"E�en��f Defau[�"mean any of�he events of default se�forth in�his Assignment in
<br /> fihe defau��sec�ion af this Assignment.
<br /> Gra�for. The vWord"Granfvr"means Kershner Properties,L:L.C..
<br /> Guaranty. The word "Guaran�ty"means the guaran�y�Fr�m guaran�or, endorser,sure�ty, ar accommodation party to
<br /> L�ncler,inc�uding without Iirrji�at�on a guaranty ofi al1 or par�vf�he No�e.
<br /> lndebfiedness. Th� word "Indebtedness" means al[ prine�pal, ini�eres�, and ather amaun�s, cas�s and �expenses
<br /> payab[e under �he Note �r F�ela�ed Documen�s, �age�her vvi�h all renewals Q�, ex�ensions vf, modi�i�a�ions a�,
<br /> consolida�ions of and subs�i�u�ians fvr�he Nate a�R�lated ❑ocuments and any amounts expended or advanced by
<br /> L�nder�Q �ischarge G�-ar�t�r"s �bliga�fons or expenses �ncurred by Lender t� en�oree Gran�ar's ob[igations under
<br /> �his Assi�nmeni, �€�ge�her wi�h in�eres� or� such amounts as provided �n this Assignmen�. 5pe�ifica��y, wi�hou�
<br /> [imifia�ian, Indebtedness includes i�he fufiure advan��s se�for�h in the Fu�u�e Ad�ances provision,�oge�her�rvith a�l
<br /> �n�eresf �hereon and a[1 amounts that rnay be indirec��y s�cured by the Cross-�olla�eralization proWisi�n of�his
<br /> Assignment.
<br /> Lender. The►rvord"Lender"means F;rs�Nati�na�Bank of�maha,i�s su�cessors and assigns.
<br /> N��e. T�e word rrNo�e" means any and al1 af gorr�v►�er's Iiabiii��es, ob�igations and deb�s�p Lender, nvw e�cis��ng
<br /> vr hereina�ter incurred vr crea�ed, includin�,wi�hou�l�mi�afiion, a�l loans, ad�ances, interest, �osts�eb�s,�Werdra�t
<br /> indebfedness, eredit �ard indeb�edness, lease ❑b�iga�ivns, l�abi�ities and vb[iga�i�ns unde�in�eres� rate prc�tec��vn
<br /> ag�eements ar foreign curren�y exchange agreements or�ammodi�y p�ice prv�e��ian agreemen�s,o�her abliga�ians,
<br /> and fiabi[i�ies af Bo�rower tage�her wi�h al� modifications, increases, renewals, and ex�ensions of the
<br /> aforementioned_ �ddi�ionally, hereby incorpflrated as if fully s�t�arfh here�n are�he�erms and �andi��ons of any
<br /> promissory no�e, agreement or other document execu�ed by Barrvwer andlar L�nder ind�ca�ing this sec�rr��y
<br /> ins��umenf or �he proper�y described herein sha[� be c�ns�dered "Cv��ateral'° securing such �rvmissory no�e,
<br /> agreement,or o�her�r?strument,ar any simi�ar referen�e_
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