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- 2� 1 ��82�5
<br /> ASS��NIUIENT �F RENTS
<br /> Lvan Na: '1 D'I 30�'i 8� {C�ntinued} Page 5
<br /> require. t2} If more than vne pers�n signs this Assignment as "Grantor," th� obligatians of each Grantar are jaint
<br /> and se�era�. This means that �f Lender hrings a lawsui�, Lender may sue any one ar more of the Grantars. lf
<br /> Barrower and Grantor are not the same person, L�nder need not sue Borrower first, and�hat Borrower need nat be
<br /> jained in any lawsuit. f 3� The nam�s gi�en �o paragraphs or s�ctions in this Ass��nmen� are for convenience
<br /> purposes only.They are not to b� used to interpret or define the provisions af th�s Assignment.
<br /> Nc�Wai►rer by Lender. Lender sha11 nv� be deerned to ha�e wai�e�l any rights under this Assignment unless such
<br /> wai�er�s gi�en in writing and signed by Lender. No de�ay or amission on the par�of Lender �n exercising any right
<br /> shall operate as a wai�er of such right ❑r any o'�her right, A wai�er by Lender af a provisian af this Assignment
<br /> sha[[ nvt pre�udice or cons�itute a wai�er af Lender's right o�herwise �o demand strict �amplian�e with that
<br /> pr��is�on or any❑ther pro�ision o�this Assignment, No prior wa�Wer by Lender, nar any caurse o#dea�ing between
<br /> Lender and Grantar, shall constitute a wai�er a�any of Lender's rights or of any o#Cran�or's obliga#ions as�o any
<br /> future transaGtivns. Whene�er the cvnsent of Lender �s required under this Assignment, the granting of such
<br /> consent by Lender in any instance shall not canstitute continuing cvnsent to subsequent instances where such
<br /> consen�is requi�ed and in ai(cases su�h consent may�e granted ❑r withhe�d in�he sole discretivn ❑f Lender.
<br /> Nv�ices. Any notice required t❑ be gi�en unde� this Assignment shalf be gi�en in writing, and shall he ef�ec�i�e
<br /> when ac�ually deli�ered, when a�tual!►,� recei�ed by.�elefa�simile �unl�ss other�rvise required by lavv�, �rvhen
<br /> depasited with a nationally re�ognized o�ernight caurier, or, if mailed, when depas�ted in the United States mail, as
<br /> first �lass, certified ar register�d mail postage prepa�d, directed to the addresses shown near�he be�inn�ng of this
<br /> Assignment. Any party may change its address �vr notices under�his Assignment hy giving formal written notice
<br /> to the other parties, specify�ng �hat the purp�se of the n�tice is to change the party's address. For noti�e
<br /> purposes, Grantar agrees to ke�p Lender informed at all times af Grantor's current address. Unless otherwise
<br /> pro�ided vr required by law, ifi there is mare �han on� Grantor, any natice g€�en by Lend�r to any Grantor is
<br /> deemsd to be notice gi�en t❑ al�Grantars.
<br /> Pow�rs of Attorney. The �arious agencies and powers of attorney conveyed on Lender under this Assignment are
<br /> granted f�r purposes of security and may nat be re�vked by Grantor until such time as �h� same are renounced by
<br /> Lender.
<br /> Se�erahilE#y, ff a ctiur� o� competent�urisdiction f�nds any pra�ision afi th�s Assignment �v be ilfegal, in�alid, ❑r
<br /> unenforceable as to any circumstance, that finding shai� nat make the Q�fending pra�ision illegal, in�alid, or
<br /> unenforc�able as ta any ❑ther circumstance. lf feasible, the affending pro��sion shall be cansidered mvdified sv
<br /> that it be�omes legal, valid and enforceab�e. �f the of�ending provision cannnt be sv madi�ied, it shal! be
<br /> considered deleted from this Assignmen�. lJnless otherwise required by faw, the i�Iegality, in�alidity, o�
<br /> unenforceability of any prv�ision o� this Assignment shaf� not a�fec� the legali�y, Walidity ❑r enfor�eabi�ity ❑f any
<br /> ❑ther pro�isivn of this Assignmen�, �
<br /> SucGessors and Assigns. Sub�ect to any limi�ations stated in this Assignment on transfer Qf Gran�or's interest, �his
<br /> Assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns. I�
<br /> ownership of the Property becames vest�d �n a person other #han Grantor, Lender, without natice to Grantar, may
<br /> d�a[ with �rantor's successors with reference t� this Assignment and the lndebtedness �y way of forbearance ❑r
<br /> extens�vn without releasing Grantar fram the abligativns af this Assignmen�or lia�ility under the lndebtedness.
<br /> Time is of the Essence. Time is of the essence in the perfarmance �f this Assignmen�.
<br /> Wai►►er af Homestead Exemption. Grantor hereby releases and wai�es a�� rights and benef�ts of the hames�tead
<br /> exernpt�an laws ❑f the State of Nebraska as tv all �ndebtedness secured by this Assignment.
<br /> DEFINITlaNS. The fallawing capita�ized words and �erms shalf ha�e the following meanings when used in this
<br /> Assignment. LJnless specifica��y stated to the �ontra�y, all referencss �o do!(ar amounts shall mean amaunts in lawfuf
<br /> money vf the �nited States o� America. Vllords and terms used in �he singu�ar shall in�lude the plura[, and the p�ural
<br /> shail inciude the singuiar, as the con�ext may r�quire. �'Vords and terrns no�othe�-wise d�fir�ed in th�s Assignment sha��
<br /> ha�e the meanings attributed to such�erms in the Uni�o�m Commercial Code:
<br /> Assignment. The word "Assignment" rn�ans this AS51GN1UIENT �F RENTS, as this ASSIGNME{VT C�F RENTS may
<br /> be amended ar modif�ed from time to time, tagether with all exhibi�s and schedul�s attached tv this ASSIGNMENT
<br /> OF RENTS from time to�ime.
<br /> Borrower. The word "�orrawer" means J &B RENTALS LLC, 1NILLIAM P�1LLER and JLJLANN K 21LLER.
<br /> Default. The word "Default" means the Defiault set forth in this Assignmen#in the sect�on titled "Default".
<br /> E�ent v#Default. The wards "E�ent of Default" mean any of the events of default set fvrth in this Assignmen�in
<br /> the defaul�section afi this Assignment.
<br /> Grantor. The ward "Grantor" means J 8c B RENTALS LLC.
<br /> Guaranty. The word "Guaranty" means the guaranty��'am guarantar, endarser, surety, or accommodatian party to
<br /> Lende�, including withaut limitation a guaranty of all or part af th� Note.
<br /> lndebtedness. The ward "Indebtedness" means a�� pr�n�ipaf, interest, and other amvunts, �asts and expens�s
<br /> payable unde� the Note or Related Dacuments, �oge�her with af� renewals of, ex�ensions of, modi#ications of,
<br /> �onsvlidatians o� and substitutians for the No�t�or Related ❑ocumenfis and any amounts expended ar ad�anced by
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