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2� 1 ��7287
<br /> ASSICNf�i�NT' �� R��iTS
<br /> ���11�lIlU�d� Page 3
<br /> wi�h Lender mvnies or a surety bond far ti��creditor or for�Ei�urE pro�eedir�g�in an amaunt deferrryin�d by Lende�-�
<br /> in its sofe dis�rei�an,as bei��an adequaie r�s�rv�or bond for the dispute.
<br /> property damage or Loss. '�he Property is 1vst, stolen�s�bstantia[Iy damaged�sold�or borrowed agalnst.
<br /> Even�s Affecting Guarantvr. Any of fhe preceding events accurs uvith respect ta any Guarar�tor of�ny of the
<br /> lndebtedness or any Guarantor �ies ar becomes i r�competent, or revokes ar �isputes the va!id ity of, or !i��ifity
<br /> under,any GUaranty of th e jndebtedness.
<br /> Adverse Change. �1 rnaterial a�verse ch�nge occurs in �rar�tors fn�ncial condif�or�, ar Len�er b�lieves the
<br /> prospec�of payment ar perfarmance of the Indebtedness is impaired.
<br /> �nsecu�rity, Lender in goad fai�h believes itself insecure.
<br /> Ft�GH�S�INa RE�EDIES DN DEFAULT. Upon th�❑ccurrence of an���ent of pefault a�d at any time tf�ereai�er,�ender
<br /> may exercise ar�y or�e a�rnare of the fo�lovvin g rights and remedies,in addition to any other rights ar�emedies provided
<br /> by latirtir:
<br /> AG�elerate lnde��edness. Render shala �ave t�e right at its ❑ption to declare the entire �ndebfedness immediately
<br /> d ue ar��payable,in cl�di n g any pr�payme nt pena Ity th at�ra ntor woU Id be�equired ta �ay.
<br /> Collect F�ents. Lender sha�[ have the right, without notice to Grantor, to take possesslon af tf�e Praper�y and
<br /> collect the I�en ts, i ncluding amou nts past du�e and unpaid� and apply th e net proceeds, over a�d above Lender's
<br /> C05�5� ag ainsk the lndebtedness. 1 n fu rth erance o f this rig�t� I��11��r S�18II h�V@ 8I� t�B YI�FltS pCOYlC�@C� �41' In f�1B
<br /> Lend�r's aight to aeceive �nd Collect Rents S�ction, above. If �f�e l�ents are c�llected by Lender, t�en Grantor
<br /> irrevoc�bly t�esig nates l.ender as Giantor's attorney-in-fa ct to endoise i n stru ments received i n pa}rment the reof in
<br /> the nam� of�rantor and to negotiate the same and co[lecf the proceeds. Payments by tenan�s or�ther users�o
<br /> L.er��e�ir�res�onse to Lsnder's demand s�e[I sat�sfy ti�e vbl�gations far which the payments are made,v+r�ether vr
<br /> �at any pr�per grounds for �he der�nand existed. Lender may exercise its rigF�ts ur�der ti�is subparagrapi� ei�i�er in
<br /> person,by agent,or through �receiver.
<br /> �ther Remedies. �ender sh a Il have al[ ot�er rig hts ar�d reme�ies provided i n th�s Assig nment or the Note or by
<br /> la�+r.
<br /> �tect�an of Remedies. E�ection by�ender to pursue a�y remedy sf�al[nat exclude pursuit of any other rerr�edy,and
<br /> an e[ection to make exp$nditures or to take activn to per�orm an obligakion of Crar�far under this Assignmenf,after
<br /> Gra�nto�'s failure to per�orm,shalE not affe�t Lender's right to de�[are a dei�ult and exercise its remedies.
<br /> Atfarneys' Fees; ExPenses. If Lender ir�sti�t�tes any suit ar actian to enforce 2�ny of the terrns of�fnis Assignmenk,
<br /> Lender shal[ be entitled tQ reco�er such sum as the cvu rt may adj�dge reasonab�e as attorneys'fees at triaC �nd
<br /> upon any app�al. V�?-yethEr or not any caurt action is involved, and to the ex#ent not �Orohibited b� law, a11
<br /> reasonab[� expenses �Ender inc�crs t�at in Lende�s ���n1on are nec�:�.sar� at any time for the protection of its
<br /> interest or the er��orcement of its rights shall beaome a par#of the Indebtedness payabl�on demand and shall bear
<br /> inferest at th��lote r�te from fhe c�ate of the exp�nd�tUre unt�l repaid. �xpenses ca�rer�d by this paragr�ph incluc�e,
<br /> wifhout limitation, hawever subje�t to any limits un�er applica�fe law, L��ders attvr�e�s'fees and L�c�ders lega[
<br /> expenses� whether or not t��r� is � [awsujt, in�luding af�orneys' fees �nd �xpenses for bankru�tcy prac�edings
<br /> �including ef�orts to rnvdify or��cate any auf�matic stay or injunction7,appeals,and any anticipated pos�judgment
<br /> col�e�tian servic�s, the cost of searching recar+ds, obtaining tifle rsports�incEuding foreclosUr�repartsy, survey�rs'
<br /> reports� �nd appraisal fees, title i�surance, ar�d fees for the Trust�e, to the exfent p�rmitted by app�icab�e la�nr.
<br /> Grantor also w�l[pay any court casts,�n addition to aI[other surns pravided by la►�+.
<br /> �L�CTR�iV1C C�pIES. LeRder may capy, electronically ar otherwise, and tF�ereafter destroy� the orig�nals of this
<br /> Agreement andlor Related Doc�rr�ents in tE�e reg��ar course of Lender's business. All such copies prodUced from an
<br /> electronic fv�rn ar by any oth�er�eliable means {i.e.� photo�raphic image or fa�csimi[e}shall in al� resp�cts be consider�d
<br /> �quival�nt to an ariginal,and Borrow�r hereby waives any rights or o�jectians to the use of such caP�es.
<br /> M15CELLANE�US PRD1J�5lQN5. The follow�r�g miscellaneous pr�vis�ons are a pa�t ot th�s Ass�gnment:
<br /> Ar�endments. This Assignrnent� together with ar�y ReEated Dacuments� cor�stitut�s the entire ur�detst�ndi�� and
<br /> agreemenk of th e p�rties �s to the matters set fa�th in this Assig nment. No al ter�u'on of or arnendmer�t to tf�is
<br /> Assignm�nt shall be effe��ive ur��ess given in wrifing �nd signed by th� party or par�ies sough�to be charged or
<br /> bound by the ai��ra�ion flT amendrnent.
<br /> CaPtion Headings. Caption headin�s in tF�is Ass�gnment are for cvnWenlence pur�oses on ly and are nvt ta be used
<br /> �o inte rpret or define the provision�of this�ssignment,
<br /> Govern�ng Law. f�is Ass�gnment w�ll be governed �y federal law applicable to Lender and, to the extent not
<br /> Preempted by fe�tera[law,the laws of#I�e State of Nebraska witi�ou�regard #o its confiicts of law pr�visior�s. �'his
<br /> Ass ignmenf has been a ccept�d by Leric�er ir�the State af N ebraska.
<br /> �hoice o�Venue, if there is a IawsUit, Grantor agre�es upvn L�nd�rs request#a subfn�t to �he�urisdictiar� of the
<br /> �ourts of Buffalo County,State of Neb�-a�k�.
<br /> �[erger. There shall be no m erger af the inte rest or esta te crea ted by th is Assig nment v�r it� an�r vt�er interest or
<br /> estate in the Pr�perty at any time held by or f�r tf�e ber�eft of Lender in any capacity,without the wriften �or�sent
<br /> of�ender.
<br /> !n#erpreta#ion. �'I} In all cases w�ere there is mare than o�e Sorrower ar�r�ntor, ther� all words used in t�is
<br /> �ssignment ir�the singular shall he deeme�to have been used in the }�lural where the context and constructian sv
<br /> �equire. �2} If more t�an vne persan sigr�s this Assignme�t�s"�rantor�"the obEigatians of each CrantoT are joint
<br /> �nd svver��. This means tl��# if Lvnder brin�s a lawsu�t. Lortder m�y sue any one or mvr� Qf the Grantors. �f
<br /> Borrawer a�nd Grantar are nat the same person,Lender n�ed not sue Sarraurer fiirst, �nd that Borrovver r�eed nat be
<br /> joined in any �awsuit. (3� The names �iWen ta paragraphs ar se�fions ir� �FliS Assignmer�t are for convenien�e
<br /> purpases anly.They are not to be used to inf�rpret o�define the pro�isions of fhis Assignment.
<br /> iVo yllaiver�by Lender. Lender shall not be deemed tv have �ru�ived �ny rights und�r this Assignment un[ess sUch
<br /> waiver is�iven in writing and sig n e�i by Lend�r. Na�elay or omission on the pa ri af Le�der in exe reising any rig ht
<br /> shaCl operat� as a waiver ot sucF� right or any other right. A waiver by Lender of a provision of this l�ssignment
<br /> shall not prejudice or �onstitut� a waiver vf Lender's right otherwise to demar�d strict complian�e with �hat
<br /> provision o r any oth er pravision of th is Ass ign ment. �Vo prior wa iver by Lender� n or any course o f dealing between
<br /> Lender ar�d �rantor,shall cvn stitute a wa��er a f any of Lender's rights or of any o f G ra nto r's obligati�ns as to any
<br /> future tra�sactions. INhene�er the conser�t of �er�der is required u�der this Assignmenf, the granting of such
<br /> cansent �y Lender in ar�y instance shall nof constitute continuin� cvnsent �a subsequer�t ins#a�c�s v�rhere sucf�
<br /> co�sent is requi�ed a�d in all cases such consent may be granted or►�rit�held in the s�fe discretivn of Lender.
<br /> Not�ces. Any notice required to be giWe� under thi�Assign�nent shall be gi�en in wrif�ng, and sE�all be etfeG�i�re
<br /> �rhen a�c�ual[y de�ivered, when actually recei�ed by telefacsimil e �unf ess oti��rwise requ�red b�+ lawy, when
<br /> deposited vvith a na#ionally recognized avernight courier,ar,if maifed,wu�en depvsited in th�e lJnite�Stat�s mail,as
<br /> first class� cert�fied or regis�ered mail postage pr�paid, directed to the addresses sho�rvn near t�e beginning a�this
<br /> Assignrnent. Any party may cha�ge its address�or nat�ces under th is Assignment by giving formal writte n no�ice
<br /> to the other parties, specifyin� that the purpose af t�e not�ce is to change the party's address. Far notice
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