2� 1 ��7928
<br /> A��E�N��NT �� ��NT�
<br /> ��or�tlt���d� Pa�e d�
<br /> upan ths proiessed�x�r�is�����ch paw�rs shal�be�uaranteed t�nde�r thi�Assi�nm�nt.
<br /> i�[er�ger. 7her� sh�l] b�no me�'g�r of the inte�est�r e��ate cr��ted by this Assignment with ar�y other interest or
<br /> esta#$�n f�e Properiy at any t�me h�[d b�or far the �ene#it af Lender in any eapaci#y,with�ut�hQ written c�nsent
<br /> of Lender.
<br /> ]nterPretation. t'�� fn af� cases v�vhere th�r��s m���than on��Qrraw�r�r �rantor� then a�i wocds used �n this
<br /> Assignm�nt�n t�e singu�ar�hal1 b��e�med ta have b�en u�ed in the plural wh�re the�on#�xt and cor�stn�ct�an so
<br /> require. {�� �f more thar�fln�p�rsan$f�ris this Assignm�nt as"Grantor,"the abtigafians of�ach�rantar�re joinf
<br /> �nd several. This means that if L�n�er b�ir�c�s a lavtitsuit, �.ender ma� st���ri�an� �r m�re o�th� �r�ntors. �f
<br /> Bvrrauv�r�and�r�nt�r are not the samQ person,Lend�r need not�u��arrower first,and that Sarrower need not ba
<br /> join�d in any ia�nrsuit. (�� Yh� r�ames giv�n ta p����raphs �r sectIans in this Ass��nment are for canv�niencs
<br /> purposes anly.Th�y ar�r�Qt ta be used t�interpret or d�f�e th��rovisions�f this p�signm�n#.
<br /> i N�1��iU�r by tender. Lender sh2��l n�t�e deem�d to �ave wa�w�d ar�y r�ghts under th�s Assignmen�u�less suc�
<br />' ` ' ' '' ` N�d�la or�m�ssi�n an th� art of Lender in�xer��sin any ri�hi
<br />� waiv�r is g�v�n�n�r�t�ng and sagn�d by Lender. y p 9
<br />' shali oRerate a�a wa�ver��such righ�ar any ath�r rigF�t. A waiver by Len�er of a prQvis�on af this Assignment
<br />;
<br /> �hal� nat �rejudice or con�tilute a �+�ra�v�t of Len�ier's right o�t�erwise to dem�n� strict �orr�pliance wath that
<br /> prav��lan or�r�y ather pr�visi�n af this A�signment. No p�i�r waive�by Lend�r,nor any course of dealin�between
<br /> ��nd�r�rid Gr�ntar,sl�al{c�ns#itute a waiver o�any�i'l.�nde�'s righfs ar a��ny of G rant�r's oblig�t�on�as to�ny
<br /> future tra�ns�ct�ans. �Vh�ne�e�r th� cr�n�ent o� �.end�r is r�quired und�r th�s Assignmen#, the �ranfing of su�h
<br /> consent by �ender irt any instanc� sh�li no# canstitute conlinuin� cons�nt to subsequent inst�nc�s wh�re such
<br /> conserit is�equired�nd in a11 cases such c�nsent may b�gr�nted or withhe�d ir�fh�so[e disaretion�f tender,
<br /> Natic��. A�y notic� r��uire�ta be gi�en und�r this As��gr�ment shal! b�giuen in writin�, and �halE �$�ffective
<br />� �uhen ac��a�ly ��livere�, �r�en act���ly recei�e� hy tetefacs�mile �unfess ot�erw�se ��qui�ed by I�w}, v�rh$n
<br /> depa�ited wi�h a nati�na�ly�ecagni��d overnlght coUrier��r�if mailed�when�f��asii�d in the Ur�f���i�tates mail, as
<br /> frst c�ass,c�rtf�ied❑r register�d mail posta��pr�pai�, dite�#ed ta th�a�ldt�s���shown r�e�r#he beginr�in�af thi�
<br /> �lssignm��t, Any party may�han�e[ts addres�for n�t�ces U�der th�s As�ignm�n#by gi�ing formal uvrl#te�n r��tice
<br /> t� t�e �the�- partie�, s�ecifying that fhe pur�os� of t�e n�ti�e is t� �hange the pa�ty's address. For notice
<br /> purpo�es, Gr�nt�r a�rees ta kc�� �.en�er informed at a!I time� of Gran#�r'� �urrent �ddr�s5. Unless Qtherwise
<br /> pr�v��ed ar requ�red by Iar�r� if th�r� is mor� than �ne �rant�r� �n�r not�ce given �y Lender to any �ran#+ar is
<br /> deemed tv b�not��e given t��[���'�ntors.
<br /> pvv�ers of Atfvr�ey� The v�riaus agen�ies an�pawers af aiforne�canvey�d on��nder unde�r this A�si�nrnent are
<br /> gr�rif�d far p�urp�ses af��curity and ma}�r�at b�re�►a�ted by�ran#ar until such tlme�s the same a�e tenaunced by
<br /> ��n�er.
<br /> S�veraf�l�ity. [f a c�u�t���m��t�:nf�uris�ii�tion finds any pro�is�an o€ t�is Assi�nment #a be ll�eg�l, i�v��id, �r
<br /> un�n�ar�eabi� as fa any circumstan�e� tf�at findirlg sha�! n�t n�ak� th� off�ending provisi�n �I�ega1, invalid, or
<br /> unen�o�ceable as�v any vther circum�t�r���. I f��as�bf�, the o�fendin�pro�rision �hall be oonsider�ed madified sa
<br /> #hat it b�aome� leg�1, valid �nd enforc�a�le. If #he c�ffer�ding pra�risian cannQt be s� modi�ied� lt shal� E�
<br /> cansi�ered delete� �`�om this As��g�nment. UnC�� othennr�se required by Cauv, #�e ill�galily, inval[dity� ar
<br /> un���orceabifity af�ny pr�v�siot�af this A�s�gnm��t sh�l� na�a#�ec�the le�ality,Walidity v��nfo�ceabi�ity t�f any
<br /> r�t�er pravi�ion af thls Assignment.
<br /> 5uccessars a�nd A�si�tts. Sul�ject to�n�Iim�t�t�ons stated in this A�ssignment�n transfer oi��sntot`s inter$���this
<br /> ►4ssignrries�t shail be binding upon an� inur� t� ih� b�nefit of the pa�t�es� thetr �uccEssors and assigns. �f
<br /> �wn��r�hi��►f�re Rraper��b�came�vest�d ir�a persan other th�n�rantor��end�r,without noti��#a Grantor�may
<br /> ��a!wvi�h �rant�r's sUccessars with ref�rence to this Ass�gnm�nt and the Indebtedness by way�f forbearance�r i
<br /> extension withaut re�eas�ng�rantor fr�rn th�obf�gati�ns of this A�signrnent�r liability�r�d�r the Inde�t�dness. �
<br /> TIm� is of ths�s��nce. Tim�[s�f fhe essence in�he�er���martce of this Assigr�ment,
<br /> W��ve Jury. A�I part[es ta fhis Ass]�nrn�nt her�by waiv�the r�gh�to ar�y jury#r��t �n ar�y act�an, pr�ceedin�, ur
<br /> cou�#er�laim braught b�an��ar�against any�th�r�ar#y. i
<br /> �
<br /> V�aiver af k�omes#ead Ex�m�tion. �rantor f�er�byr rer�ases and wa�ves all r��h�s �nd b�r�eti�s Qf th� ��mestead �
<br /> exempt�on iaws af�h�State v�N�hras�€a�s tn�11 I�debte�n�ss secured by this Assfgnm�r�t. ;
<br /> p���NlT[�7NS. The fallow�r�g ���it�li�sd wards �n� terms �hat� h�v� th� fo1[aw�n� mean�n�s vsrhen used in thls �
<br /> �ssignment, U�less�pe�if�c�l�y sta#ed t� the �vntrary,��I references �o d�ilar amaun�s sha�l m��n amounts in �av�fui �
<br /> �
<br /> mvr�ey of the United �ta#es af Ameri�a. I�lards and ter�ns used in the singula�sha�l in�lude the plu���, and th� plurai �
<br /> shall inc�ude t�e�ingular,as t�$ �o�t�xt may r�quir�, tiNards and t�rms not vthet�+wi�e defin�d ir�thiS Assignment sh�ll �
<br /> have the m�anings�itrtbutec!to such t�rms In th� �ln�focrn Commer�ial Cad�: ;
<br /> ,
<br /> Assignr��r�#. Th�word"Assignm�nt"means fhis AS�I�Nh�ENT OF R�NTS,as thrs A�Sl�NM�N7 C��kE�fTS ma�
<br /> b�amended�r modified�rom t�me to tirne, tag�ther tr�it� �II�xh(�i#s and�cl�edul�s�t�ache� tQ this A�SIGNM�NT '
<br /> ,
<br /> D�R�NTS�rom t�m�f�#im�, I
<br /> �orrower. 7h�word"Ba�rawe�r"means�P��pevelopments,LL�;�'P�R Rentals,�.LG;ar�d Tim Pla�e.
<br /> ;
<br /> D�f��ti�. The w�rd"Def�u��"rri�a�$the Default se#f�rth in thEs A�signm�r�t�n the section iit�ed "t��fault".
<br /> �v�nt of�efau�t. T�e w�rds"�we�t vf��fault"mean any o�the events af d�f�u�t set fort� in ihis Assignrn�r��in ;
<br /> the defaulk sectior�ot'thi�Ass�+gnment.
<br /> �
<br /> �rant�r. Th$w�rd"�rant�r"means TP�R R�nt�ls,�L�. �
<br /> G�uaranty. The w�rd "Gu�r�nty" means th�gu�rsnfy from tiu�ra�l�vr,enda�sar.su�ety.4r accomrnodat��n party f� ;
<br /> Le�ndnr.#ria�uc�3ing wltho�ul lirntl�lion u guurunty aT rall ar p�rt��khu Nt�to.
<br /> inde�te�nes�. '�he ward ''[�debtedness" me�ns �il p�inc�pa�l, lnt�rest+ and other amaunfs, costs and exQ�nse�
<br /> payab�e un�l�r the iVate o� R�[ated Document�, tog�r��r vuifh all �er�e�rals ot, ex��ns�ans flf, rr�odl�ications of� �
<br /> cansolidations af and sub�titutions for the 1Vote�r Ft�lated�]Qcuments an�any arn�unts ex�end�d ar ad��nced by
<br /> �ender to dischar�� Gran�ar`s o�ligations or exp�nses incurred b� Lender to �nfocc� �rantor's o�lig�tiori� under
<br /> th�s Assigr�ment, together w ith �nter�st or� such amaun�s as p�ravid�d in tt�is Assignment. �p�c�fi��ily, withaut '
<br /> IIm[t�tion, Crrdebtedness includes aCI amounts t�a�rna�b�indir�ctly��e��r�d by the�ro�s-�ollat�ra�izaN�tn�ravjs�on
<br /> af th�s A�signment. �
<br /> Lencier. �'he tnrard "Lender"means First Nati�na[Bank vf�maha�its�u�cessars�nd assigns.
<br /> N+���. Th�vu�rd "�f ote"m�ans any ar�d all of aorrawer's �i�bi�ities, obli�atiflns and dehts to Lender,naw existing
<br /> nr hereinaff�r inc�rred ar c�r�at�d, includfng,without�imlta�ior�, ail ioans,advances,i�terest,C05�5 C���]�S,a��rdra�t
<br /> in�ebEedness, credit car� indebte�ness, fease obliga#�ons, I�abillt�es and o�[igatians under in�erest rate pCot�ctiar�
<br /> a�reeme�ts Qr fareign currency�xch�r�ge agreements ar commodity�ri�e protection agreements�other obliga�ivns,
<br /> ��� I�ahttities vf Sorrower �og��he� wikh af� mod�ficattons� incr�ases� �en�w��$, ar�d extensions of #he
<br /> �fvrementioned. Additiona�ly, herehy inc�rporaied as i� fuliy set forth �ere�n �r�the term� �nd car��itfians of an�r
<br /> promissory note, agreement or otl�er dacument exect�ted by �orcower andlc�t Lend�r tndicating lhis security
<br /> in�tEum�nk ar the praper�y ��scribed �t�rein sha�l be considered "�o�laferal" �e��r3n� su�h pr�rn�ssory nv#e,
<br /> agr�emen#,or ather ir�st�ument,or an�simifar refe�ence.
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