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2� 1 ��7287
<br /> Ass���v���T o� ��n�Ys
<br /> ���I��i n ue d� Page 2
<br /> Renks ex�ept as prawi�ed in this Assignment.
<br /> l.�NDER'S RIGHT 7� FtEC�IVE A�V D COLLECi' RENTS. Lender shal[ have th e right �t any tim e� a nd even tha�gh no
<br /> defau[t shall f��ve occurred under this Assignment� to cv��s�t and receive �he Rents. For this purpose� Lender is h�reby
<br /> given a�d g rante d t�e follawing rig hts, pawers and a uthority:
<br /> Notice to Tenartts. Lender m�y send notices �a ar�y a nd �ll te��n ts of t�e Prope�i}r advis�ng ti�e m o f thi s
<br /> Ass��nmen�and directing a[l Rents ta be paid�irectly�o Lender or Lender's agent.
<br /> �nter the Property. Lend�r may enf�r upan and take posse�sion nf the Property;dema�d, coll�ct a�d receive fror�
<br /> �he tena n ts or fro r�t any other persons �iable the refor, all❑f the �ents; i nstitute and carry on al) legal p raceedings
<br /> necessary for the pro�ec�[�� o� the �ro��rfy, in�luding such proceedings as may be necess�ry �o recaver
<br /> �ossessian of th�Property;�ollect the Rents and remove an�r tenant or tenants or other persons from the �roperty.
<br /> �la�ntain the Propert�. I�ender may enter upon tF�e Propert}r to maintain the Property+and keep the same[n repair;
<br /> tfl pa}�the casts thereof and af all services of a!f emplo�ees� in�luding their equipment,and of all con�inuing costs
<br /> �nd exper�s�s of maintaining fhe Proper#y in proper repair and cvn�iition,and also fo pay af1 taxes,assessrn�nts and
<br /> t�af�r utilrties,and ff�e pr�miums on fire and other insuran�e effe�ted by Len�er on the Property.
<br /> GomPl�ance with Laws. Len�er r�ay d a any and af1 th ings to ex�cute and com p!y w ith f he laws of khe State oi
<br /> Nebraska and also a11 other �aws, rules, orders, ordi�anc�s and requirem�nts of all other governmental agenc��s
<br /> affectiri�the Property.
<br /> Lease the Property. Lender may rent or I�ase t�e who�e or any par�of the Property for such term ar terms and on
<br /> su ch co n ditians as Lender may deem appropriate.
<br /> �mplay Agents. Lender may eng�ge such agent or agents �s Len��r may de�m �ppropriate, eith�r in E.ender's
<br /> name or in G ra ntar s name�to ren t and manage the PrvperEy, �n cl uding�f�e cvllect�or�a nci ap plicativn of Rents.
<br /> Qt�er �I�ts. Lender may do all such other things and acts with resp�ct to the Prvpe�ty as Lender may deem
<br /> appropriate �nd may ac�exclusively and solely in the p�ace and stead of Grantor and fo hav�a[I of the pawers of
<br /> Grantvr for ih e pu r�oses state�aba�e.
<br /> No Requirement to �ct, Le�der sFtali not be requ�red to da�ny of the foregoing acts or things, and the fact th�t
<br /> Lender sh�11 have p�rfvrmed one or mare of�he for�goEng aets or things shall noi require Lender to dv a�y oth�r
<br /> specific act oT tF�ing.
<br /> J�PPLtCATIaN flF REN�S. All �osts and �xpenses incurred by L�nder i n connection v�rith the Property sha11 be far
<br /> �ran#or's a�count and L�nder msy pa�r such costs and expenses f�or� the Rents. Lsnder� in its sole dis�retion, s�all
<br /> determine the appl ic�tion of any and aIE F�ents reccived by it; i�owe�rer, any such Rents recei�ec# by �ender vuf�ich are
<br /> nat applied to such �osts �nd �xpenses sf�al[ be�pplied to#he !ndebtedness. A!l expendi#ures ma�� k�y Lender undsr
<br /> tfn is Assignment and not reimbursed from the Rents sha11 becorne a part af �fne Indebtedness secured by this
<br /> Assignment�and sha11 be payabfe or�demand,wi�h intetest at�he Nofe rate from date of expend�tu��unt�l paid.
<br /> FI�LC. p��t��RI�AN CE. If Grantor pays 2�1[ of�he Indebtedness vvhen due and otherwise perform� all the �bl�ga�ians
<br /> impfls�d upon�ran�or unde�this Assi�nment,the f�ote,and�he Re�ated�acumEnfs,Lender sh�[I execute and deliver to
<br /> Grantor a suifable satisfaction o�t�is Assignmen�and suitabfe stat�rnen#s of terminatioc�of a�y financing statement an
<br /> file evidencing Lenders security inter�st in tfne Rents�nd the Praperty. Any termination fee required by Ia�nr shall be
<br /> paid by Gr�ntar,if permitted by appllcabl�la�r.
<br /> L�N aE R'S E�CP�N DITI!RES, I�any actian or proc��di�g is cvmrnenoed tha#wauld materially aff�ct Lenders interest in
<br /> the Property�r if Gr�ntar�ai1s to comply wifh any�rov�sion of ti�is Assignmerrt ar any�e�ated�v�um�nts�incl�din��ut
<br /> not lirnited�o Grantors f�E[ure to d�s�harge or pa�wY�en due any�mounis Grantor is requir�ti fo dischar�e or pay uncier
<br /> this Assignm�nt or any Relateal Documents, Lentter on Grantors behalf rnay (but s�tall not be obligated ��} take any
<br /> a�tivn th�# Lender deems appropriate, inc�u�in� but not limited ta discE��rging ar pa�yir�g ali faxes, li�ns, security
<br /> interests,en�umbrances and othe�claims,at any time levie�i�r p�2�c,�d on the Re�ts or#he Proper�y and p�ying a11 costs
<br /> far �ns+�ring, rnaintaining and preserving the Property. All such exp�nditur�s incurred or paid by Lender for such
<br /> purposes will then bear i nterest at t�e rate cF�arged un�er the Note from th�date incurred or}�aid by LendeT#o th�date
<br /> o�repa�yment by�rantar. Al l such expenses vui11 becarr�e a��rt of the Ind�;btedness�nd, at L�nde�s option, tinri[] �A�
<br /> be pay2�ble on d�mand; �B} be added t�the b�lance of#�e Note and E�e�pparti���d among�nd f�e�ayab�e�r►ith any
<br /> i nstallment payment� to become due during either {'i) the terrn af any applic�ble insurance po11Cy; o� �2} the
<br /> remaining �errn of the Note; ar ��y fo� �reated as a �alloon pa�ment whicf� wilC be �ue and payab�e at the �flte's
<br /> matu rity. The Assignm�nt alsfl vvi!I secu�re p�yment of these smounts. Such right s�all be in addit�on to al C otfner rights
<br /> ar�d rem�dies to vr�rhich Lender may be entitled upot�default.
<br /> F}EFAUL�'. Each af the follovtiring,at Lende�'s optivn,shall consti�ute an Evenk of Default under t�is Assignmer�t:
<br /> Pay�ent Default, Grantflr fails tv make any payme�t when due under#he Inde6tedness.
<br /> Oth�r pefaults. �rantor fails to comp�y with or to per�o�rn any ather term� obliga��on� covenant or condition
<br /> contalned in t�is Assignment or �n �ny o� the Related Docurnen�s or to compfy wifh ar �o perfo�m any term,
<br /> obligat�o n,co��r�ant or co nd�tion contained in any ather ag reernent betwE�n Lender and Grantor.
<br /> Q�fauit on �ther Payments. Fai�ure ot�rantor with�n the tirne requir�d by this Assignrnent to mak�any pa}�ment
<br /> fo r taxe�or ins�ra nce,or any othe r paymenf necessary�a preWenf f lir�g vf or to ef fe ct dascharge o f any lien.
<br /> defaul� �n Favvr of Third Pa�#ies. Any guarar�tor o�Grantor defaults under any loan� extens�on of credit� securi�y
<br /> �greemenf, purchase or sales agreement,vr a�y otF�er agreem�nt, in fa�o�o�any other cr�ditar vr person that m�y
<br /> materially aff�ct any of an��uarantvr's o��rantor's prap�rty or�bilit}���Perform fheir re�pective obligations under
<br /> f�is Assignrnen#or any of the Re�ated Documer�ts.
<br /> False S#atements. Ar�y �rarrar�ty, �ep�es�ntation or stalemer�t made or furnisheU to Lend�r by �r�ntor or on
<br /> Grantor's behaEf under this Assi�nment or the Related Dacurnents is fals� or misl�ading �n any material re��ect,
<br /> eitE�er r�ow or at the time made ar furnisheci or b�Gomes false or rnisleading at any t�me the�e�f#er.
<br /> �e�ec�Ive Co�lateralization. �'his Assignment or any af the Re�ate�i�ocuments ceases to be in full force and effect
<br /> (incl�ding failure of any co[laterel docurnen�to create a va[id and perfected securi�y interest or�ien}at�ny time aRd
<br /> far any reason.
<br /> Deat� or InsolWency, Tf�e dissolution of Gran�or's �re�ardless af whelh�r electio� tv continue is made�, any
<br /> member withdraws from �F�e limite�i liabiCity company, or any olE�er terminatio� af Grantar's existence as a going
<br /> business or the death of any membe�, the ins�lvency of Crantor, fhe appointment af a �eceiv�r for any �ar� of
<br /> G ra ntor's prop erty, a ny assignment fa r the benef t vf cred itors, any type o f credifar worko uf, ar th e
<br /> cvm mencem ent of any proceed�ng unde r a�y b�n�tru ptc�or insol�rency laws�y or against�rantor.
<br /> Creditor or Forfe�tuce Pcoceedings. Commencement of forec�osure or forfeiture �roceedir�gs� whet�er by judiciaf
<br /> proceeding,self help,repossession or any other method,by�ny creditar of�rantar or by any governr�ental�genc}r
<br /> against the Rents or any pr�Perty securing khe [r�debtedness. 7his includes a garnisE�ment of a�� of Granfo�'s
<br /> accounts, inc�uding deposit accounts, with Lender. Hvwe�er, this Evenf of Def�ult shal! not apPiy if fheTe is 2�
<br /> gaod faith dispute by Grantor as to the va�Eid ity or reasonabl eness of f he claim wh ich is tF�e basis of�he creditor or
<br /> forfeiture proceeding and if Grantor gives Lender wr�tten notice of#he�reditor or forfe�ture proceedin�and depvsits
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