2� 1 ��7928 �
<br /> �
<br /> �
<br /> �
<br /> �
<br /> �
<br /> �
<br /> �
<br /> ���I�hiI��NT �F ��h�T�
<br /> �Gvn�i�u��� P'ag� � '
<br /> PAYI�IEh��"ANQ PEI����{�l1�N�E. �xcept as ati�e�n►ise pra►rided in this Assi�nfnen�ar�ny��lat�d Do�umenis,�rantvr'
<br /> s1���i p�y to Lender a91 amounts secured by this Assi�nment as th�y be�arrtie du�, ��c� sha�! strictly per�arm aEt of
<br /> Grantar`�vblfgations under this Assignment. Unles�ar�d ttn#t!�.ender exer�as�s i#s right to call�ct#he Rents as prov�ded
<br /> bslow and s� lang as ther��s no d�fault�nder this Assigr�rrtent, Grantor may rema�n in poss�ssian an� contro]of an�
<br /> . vper�te and rry�naga the Property and���Iect the Rentsi pravided�hat#���rat�tin�of the right to ca[lect the Rents shall
<br /> r��t�onstitute Lende�s consent to the use o�c�sl�co!lat���I tn a bar�kru�tcy pr��e�d��g.
<br /> Gi�AN'�t�R'S��PRESENT�IT[�NS ANl3�NARRAN'����. Grantor warfants that:
<br /> Own�rshlp. Grar►�or{s entitled t� r�ce�v�ih� R�nts fr�e an� cle�r of aiI ri�htst �Qanst fiens� encumb�anc�s, �n�
<br /> �I�ims�xcept�s dis�Iused to and�ccepted by Lend�r�n wr�ting.
<br /> R�ght ta Asslgn. �rant��I�as t�e full ri�ht� p��rer and aUtharit� to enter int� this Assignm�nt an�ta assign and
<br /> convey t�e Rents to��nder.
<br /> No Prior Assignment. Granto�Y�as n�t ��ev�ausl� assigned or ��nveyed the i�ents ta �n� �ther ��rsort by an�
<br /> instrument nauv�n force.
<br /> No Fur#her T�ansf�r. Grantar wi�l n�t�e1��a�si�nf encumb�r,ar otherwise dispase af any af�r�n��r's r�ghts in the
<br /> Rents exce�t as prvvided in this Assignrnen#.
<br /> L�NI�EFt`5 R��K7�� �EGElV��Na �G�LL��'T�t�NY�. L�nder sf�a�I ��ve the rigf�t at an� tim�� �n�! erten th�Ugh no
<br /> d�fault shall have oc�urred und�r th is Assi�nment, to �allect and receive the�ents. F�r th i� �ur�ase, Lende��s h�reby
<br /> given and�ranted th�follvv�ring r�ghts, paw�rs and au��tarity:
<br /> Nottc� �a r�nants. �.�nd�r may send n4tic�� #v any and a» fenants o� th� F'roperty advisin� them o� this
<br /> Assic�nmen�and d�recting aIl Rent�to he��td��rect�y t�Lender�r L$n�er's agent.
<br /> �n#�r tf�e Prop�rt�. Lender may enter up4n an�fak�possession o�the �raperty;dem�nd,cQE1+�ct and receive fram
<br /> t�e tenants or fram a�ny other persons liable therefvr, a�l�rf the Rents; institu#e and carry on �li lega�pro�e��ings
<br /> necessary �or th� pratection �f th� �rQper��, �ncludin� such prt�G��din�s a� m�y �e necessar�t to recaWer
<br /> pvss�s�i�n of t�te f'r�pe��y;�o�IeGt t�e f�ents and r�m�v�an�ter�an�ar tenants�r oth�r per�ons ir�m the Fra�erty.
<br /> Ma�n#a#n the Froperty. Lender may enfer upvn �he Pr�R�rty to maintain t�e Prop�rEy and keep tE�e s�me in repair;
<br /> ta pay the c��ts thereof and of a�l serv�ces af al�empl��ee��inc�uding their��uipment,�nd af atl�an#�r�uing castS
<br /> �nd expen��5 of maint�in�ng f��Prap��ty�n prapef r�pa�r and a�ndi�;�n,and also tQ pa�all tax�s�assessments and
<br /> �nrater utilit�es�and the p�emiums Qn�re and ot�er i�s�r�n�e effe�t���Y l��nder on th�Pr�perty.
<br /> �ampjiance wi�h L,aws. L�nde�may dq any an�al! t�►ings fa �x��ut� and comp[�with the laws of the Sta#e vf
<br /> Nebraska and also a�l vther �aw�, rules� orders, �r��nanc�� and �equ�rem�nts af ai� o�her�aver�mentaE agencies
<br /> af��cting the Prap�rty.
<br /> Lease the Prop��#y. ��nder may r�nt or lease th�who�e ar any part af the�rop�rt�for such term a�terms and an
<br /> such ca�ditions as Lend�r may d�em appro�riate.
<br /> �mp�oy Agen#s. Lend�r may �nga�e such a�ent�r ag�nts �s Lend�r may de�m ap�rapr����, either in l.�n�er's
<br /> narne or in�ranta�`s name,i�rent ari�man�ge the f'�aperty�including khe collec�ian and app�icafior�of R�nt�.
<br /> �kher Acts. Lender may d� aE1 �uch ot��r t�iings and acts with �esp�ct #o �hg �'rope�.y �s �et�der may t��em
<br /> appr�priate ans� may act exclusively and �olel}�ir� the place and stead af Grant�r�nd tc� have al! Qf'th� powe�ts�f
<br /> �r�n�ar for�h�purposes stat�d a��ve.
<br /> Ho Reyuir�ment to Acta L�nder sh�Il nc�t be raqu�re�to ��any af the faregoing act� ar thing�, and the fa�t�hat
<br /> L�nder shai! �ave pe�'�rm�d one ar m�re a�ihe fore��tng �ct� ar th�ngs sha�l n�t re�uire Lender t� ��any ot�er
<br /> spe�if���#ar fhing.
<br /> Ap��.1�A7'lOH t]� k�N`��. All casts and �xpens�s inGurre� by Len��r�n Gannectian wi#h the Prc���r��shal! b� for
<br /> G�anto�'s a�count an�L,�nder rnay pay suc[� �osts and exp�rises from tf�e F�ents. L�nder, ir� its sole��scretion� $ha11
<br /> d�fermine the appl�cat��n of��y and al! Rents received by it; how�ver, at��su�h Ren�s rec�iv��by Lender virhict� are
<br /> no�appli�d to su�h��s#s and ex��ns�s sh�li be�pplied to the lndebt�dr�e�s, alI exp�nditur�� made by l��n��r un�er
<br /> this Asslgnmen� and n�# ��im�ursed fram t�e Ren�s sh�[I �e�om� a �art �f ih� �n��b�edness s�cured by �his
<br /> �ssignment,an��hal�be pa��rabf�an demand�w�th�nt�rest at the Not�rate fram dat�of exp�n�iture until paid.
<br /> �ULL PE�FO�I�ANC�. !� �rantar pays �II of tY�e Indebte�dness when du�and Qfherwi�� perfarms aC! the ab�igatians
<br /> impos�d upan�r~�ntc��un�er#his�s�gnm�nt,#h�h�ote,and the�I�t�l C�oc�ments,L�nder sha�l exscute and de�lver to
<br /> Grantor a��,�tab��satis�a�tian of this As��gnment and�uitab�e�fat�ments o����minat�an af any f nancEng statement on
<br /> #iCe �vic3�ncing L�nd��'s s�cur�ty in�ere�t in #he Rent�and t��Pr+ap�r�.y. Any t�rminatian fee�equired by l�w sha11 �
<br /> paid�y��an#�r,if p�r�li�ted by�ppl3�ab��I�w.
<br /> LEND�F�'S E�l�Ehldl'���t�S. 1f any ac��an or praceed[ng is oamm�nced th�t v��u�d rna#�ria]�y�ffe�t L�nde�s�n�e�'est�n
<br /> the Properfy or i�Grar�tor fails ta c�mply�r�th�r�y p�'avis�an�f thi�Assignmen�or�ny R��at�d[�ocuments,incfuding f�ut
<br /> n�t[imited ta�r�nto�s failur�to disc��r���r pay w�en due any amounts Grantar is r�quir�d to dis�har��or pay under
<br /> th�s r�l.ssi�nm�nt c�r�any F�fat�ci ��uments, Lender on �rantar�s b�ha1�m�ay �but shal� nat be ab�igated tv�t�ke �r�y
<br /> a�tian t�at Lender d�ems ���r�pri���, including but ndt lim�ted ta dlscharging ar paying al� taxes, li�ns, security
<br /> interests,encumbrances and other cl��m�,at�ny tirrte]evied�r pl�c�d on th��ents or th�3'�apa�f}r and p�ying�11 cv�ts
<br /> far insurin�, ma�nta�ning and p�senfin� t�e Pro�ert�. All su�h expendit�res 1n�urre� �r ��id �y Lender f�t such
<br /> purp�ses wilE#h�n bear interest at th�rat��han,��d under tF�e Note from the d�#�incurred ar paid by Ler�der fo th�d�te
<br /> ❑f rep�yrnent by Grantor. All su�h expenses w1�1 b�cor[�e�a part o�the Inc��bt�dn�:ss and,at Lend�r's vp#iar�, will �A}
<br /> be payabie dri derr�t�l; ��} b�added ta#hs baiar�ce flf t�e Nate and be apportianed among�n�be payab�e u�i#h any
<br /> inst�l[mant payments to �ecorr� �lue durin� �i�h�r {1} th� #�rm of �ny app[icahie tnsurance pot�Gy� ar [�} #h�
<br /> rvin�fning terrn ❑t th� R[ote; ot� ��) t� [re�t�d ��ba��ovn payment which w[iE bci du���d P�yab�t��t iF��s hlotc�'�
<br /> m�t�nty. The�ssignment a�s�wi�l s�ur�payr�n�nt vf th�s�arrtvunts. �uch r�g�t sh�El be ir�a�d�t�an to a!I ath�r r�ght�
<br /> and remed�es ta which L�nder ma�be entit�ed Upon�efault.
<br /> n��AU1.T. Ea�h af t�te�o[��w�ng� at l.�nd�r's��t��n,shal[c�nstitUte an Event at def�ult under th�s Assl+gnmgnt:
<br /> Payrnent aefault. Borrawer tai�s to m�ke any�a�ment wh�n d�e un�ier the lnd�bt��lrtess.
<br /> �th�r D�#�ults. �ar�ov�rer��r Grantar fails tv comply with or ta perform any oth��r term= a�[ig�tl�n, +cov�nant or
<br /> �Qn�rtivn c�rtta�ned in this�4���gnment or in any o�the �e�ats� Dacuments Q�#o c�mp�y witf� or to p�rform any
<br /> term,o�li�a�i�n,�vvenant a�conditi���anfa�ned in any other agre�ment betwe�n L.e���r�and Bo��ower ar�ranfor.
<br /> p��a����n�ther�'aym�nts. Failur�of�rantor within the t�me r��Uired by t�is A�signment to m�k��ny paym�nt �
<br /> for fax�s a��r�sur����,ar�ny other paymer�t necessary tn preuent�fin�of ar tv ef��ct di�charge a�any I�en.
<br /> befauI� �n Favor �f Third par��es. �a�rower or �rantor defau�#� und�r a�y Eo�n, ext�nstnn af credit, secUrtty
<br /> a����r�ter�t� purcha�e ot sa�es a�Teement,ar any other agreement�in favor af any other credlta�or p�rson th�t m�y
<br /> mat�riali�affect any vf garrou��r's or Gr�ntor's propeRty ar abiiity ta pe�'arm their r�sp��tive o�li�ati�ns und�r thls
<br /> Assi�n�ent o�'a�y v�the Re�ated Documents.
<br /> Fals�5tat�rnents. Any warranty,r�presen#�t�an vr st�tern�r�t ma�le o�-furnis�ed ta L�nder by BQrr�wer o�Crantor
<br /> nr on Bnrr�w��'s Qr�rantor's behaf�under th�s Assignment t�r the Related Dac�m�nt�is�atse ar m�sleading i��n�
<br />
|