|
2� 1 ��8515
<br /> ASSl�NMENT �� I��NTS
<br /> �Car�t�n�ae�} Pag� 3
<br /> �vents Affecting Cuarantvr. Any of t�e preceding e�ents occUrs with res�eci to �ny guaTar�tvr, endorse�'�surety�
<br /> or accommadation party of any ot the �ndef�tedness or any guarantor, endvrser, surety, ar accomrnodation pariy
<br /> d�es ar becomes i�eompetent, ar revvkes or disputes the va�idi�y of, o� liabil�#y under, �ny Guaran#y flf the
<br /> Indebtedness.
<br /> Adver�� Change. A mat�rial ad�rer�e ci�ange occurs in �ranto�s financial conditian, or L�nder believes t�e
<br /> prospect of payment or perfom�anr.e af t�e Ind��tedness is impa�red.
<br /> [nsecurity. Lender in goa�faith believ�s its�lf insecure.
<br /> RIGHTS AND REI�EDIES QN �EFA1�L�'. Upon the occurrence of a�y�Went of Default and at an�l time thereafter, Lender
<br /> may exercise an�one or more of the follvwir�g rights and remedies,in add��ior�tv any other rights ar remedies prvvided
<br /> by 1 ar�r:
<br /> Accelerate Indebtedness. Lender shali ha�re t?�e righl at its aptfon to declare the en�ire lndebtedness imme�iately
<br /> due and�a}rab�e,including ar�y prepayment perta[t}�that�rantor�a�I� be require�to pay.
<br /> Collect R�nts. L.ender shall f�ave the tig�t� �rit�ou t notice to �ra ntar, ta ta ke possessio� of the �rope rty an�
<br /> collect the F�enfs, incl�djng amounts past due and unpaid, and aPPly the net pr�ce�ds, over and abvve �ender's
<br /> costs, against the Inciebtedness. In furtherance af this rig�t, Lender shall have aIl the rights provided fo� in the
<br /> Lender's Rigfnt ta Receive and Collect Rents Sectian, ab�ve. If t�e Rents ars collected by l.ender, �hen Gran�or
<br /> irrevocably designates L�nder as Grar�tor's attvrne}r-in-fact to endorse inskruments rec$�v�d in �a�+men�tfnereflf in
<br /> ��� name a f G ra n�or and to negotiat� th e same and col�e ct the praceeds. Paym�nts by te�a nts or oth et users to
<br /> Lender in respor�se to Lender's demand shall safisfy the oblig�tions fat which fhe paymenks�re made� whether or
<br /> n at �ny proper g rouncf s for lh� dema n� existed, Le�der may exercise its rights unde r��is subparagrap� either ir�
<br /> ��rsvn,�y agent,o��hrough a receiver.
<br /> flt�er Remedies. Lender sh�l� h�ve al� other rigfnfs and rernedi�s provided in this Assignmer�t or fhe Note or by
<br /> ]aw.
<br /> Election of Reme�ies. �lectivn by Lender to pursue�ny remedy shall not excfude pursuit of any oth�r remed�r,and
<br /> an ele�tion tv make expenditures or to t�ke�ction to perform ar�ob[igatian of�rantor und�r this Assignment,after
<br /> Grankor's faifurc to pe�form,shall not affect Lende�'s right to declare a�efault and exercise its remedies.
<br /> Attorneys' Fe�s; Expenses. I�Lender institUtes any suit ar action to�nfarc�any of t�e terr�-rs of thi�Assignment,
<br /> Lender shal� be entitlecf tv reoover su�h surn as th� court rr�y adludge reason�b��as attorneys'fees at �ri�l �nd
<br /> upon any appeal. IfVhetE�er �r not any courk actiar� i� invvlved, and to the extent not prohibited by 12�w, a[[
<br /> reasonable ex�nses Lender �ncurs #hat in �ende�s a�inior� are neaess�ry �t any time f�r #he prot�ction of its
<br /> i nterest ar tY�e enfarcement of its rights sha��bec�me a�art af the lnd�btedness payable on t�ernand and shall bear
<br /> ir�terest at the Note rafe from the dat�of the expenditure until r�paid. Fxpense.s covered by this�aragra�F�i�clude,
<br /> without limitation, hatirvever subject to any limits under a�A�icabfe l�v+,+, l.en�e�s attorneys' fees a�d Lentie�s��gaf
<br /> expenses, w�eiF�er or n�t there is a 1awsUit, inc[uding attorneyst fees and expenses �o�bankruptcy proceedings
<br /> �inclucting effarts to modify or��cate�ny autom�ti�stay or�njunction�� appeals,ar�d any antici�a#ed post judgment
<br /> colle�#ion services, the cost�f searching records, obtaining title reports �including f�re��osure reports�, survey�rs'
<br /> fe�orts, and �ppr�isal fees, titl� i�surance, and fees far#he Trustee, to the exten� permitted by applic�able lar�r.
<br /> Grantar alsa wi Il pa�y any cou rt casts, in addition to all other sums pr�Wided by la�nr.
<br /> ELEC�RaN[G GaPIFS. Ler�der may copy, electronical[y or otherwise, and thereafter d�stroy, the origir�afs of this
<br /> Agreement an dJor Related Da c�m ents in the reg ular course of Le nd er's bUsiness. l�l I such �opies prod uced fro m an
<br /> e�ectror�ic forin or by any okher reliable rneans �i.e,, photvgrapE�ic imag�ar facsimile�sha[I in a!I respects be considered
<br /> �q u iva le��ka ar�ori�in al,and B orrower herehy waives any�ights o�abjectior�s fo ��e use o f such�opies.
<br /> �11SGELLANEQUS PR�VlSl0�5. The fvlEawing miscelf�ne�us�rovisions are a part vf th�s Assignment:
<br /> Amendments. �'his Assignment, togeth er w ith any Related �ocuments� consti tu�es the entire u nderstand�ng and
<br /> agreernen�vf the parties as tv tF�e matters set forth in thi� Ass��nment. No a�teration of or arnendment to this
<br /> �ssignment shall be effect�ve unl�ss given in V+,rriting and signec� by the parky or pa�#ies sought to be cF�arged or
<br /> bound b�r tF�e alteration❑r amendment.
<br /> Captio n Headin gs. �aption headings in��is Assignment are for con�renience purposes anly ar�d are not tv be used
<br /> to intc�rprot or doiine th�provTsions of this Assignmonl.
<br /> Governing Law, This Ass�gnment will be governed by federal law applicable tv Lencier and� t4 the extent nat
<br /> preempted by federal �aw, the laws of�he State of Ne�raska w�thaut regard to its canflicts ot law provisior�s, 7his
<br /> Assig�ment has been ac�epted by l.ender�n t�e 5ta#e of Nebra�ska.
<br /> Cha�ce of�enue. �f there is a lavvsuit, Grantar agrees u�on Lender's re�uest ta submit to the�ur�s�ictian of the
<br /> courts�f�fal!Counly, State of l�febrasita.
<br /> Jo�r�t �nd Seve�al �iab�lity. AII ��ligations af �rantor under this Assignr��nt shall be jolnt and severai� and all
<br /> references to Grar�tar shall m�an each and ��ery �rantor. This me�ns that each �rantar signi�� below is
<br /> responsible for all obliga�fions in this Assignment.
<br /> �ferger. There shall be no merg�r of t�� interest or es�ate �re�ted b� this Assignment wit� any other interest or
<br /> estate in the Proper��r at any time �e�d by or for tl�e b�neft of Lender in any capacity,vtiritF�out t�e written conser�t
<br /> of Lender.
<br /> InterPrefatian. ��� In afl cases where tF�ere is more than one Bor�ouver or�ra�tor, tf�en all wortis used in this
<br /> Assi�nrne nt in the singular shall be deemed to �ave been used in th� plural rivhere the contex�and construction so
<br /> require, �2} I f mflre tt�an one persan signs tF�is Assignment as"�ra ntor,"the obligations af eac�Grantor are jv in#
<br /> t�rtid s�c,svc.rrr�l. 7F�Irs mr�on�s il��t iT Lundn� brinc,lv cs ivwcsuli. Londnr muyr esuv uny �nci 4r ��rv �f thv arcartilor�s. lt
<br /> �o�rovver anc��rantvr are nvt t�e same person, l�ender need nv#sue Borrvwer firs�, and f F�at Botra�rer�need not be
<br /> joined in any lawsuit. �3� Ti�e names g�ven to p�ra�graphs �r sections in this Ass�gnment are �or con�e�ie�ce
<br /> pur�ases aniy.�'hey are not tv be used to interpret or define the Prvvisivns of this Assignmen#.
<br /> Na V�a�ver by Lentier. Lend er sha11 nat be deemed tv h�We waived any rig�ts under th is Assig n ment ur��ess suc�
<br /> vtira�ver is�iven in`rvr�ting and sign�d by L�n�er. No d�lay ar omission an th�part of Lender in exercising any right
<br /> shall operate as a wa��rer of such r�ght or any otf�er right. A waiver by Lender af a pro�ision v�fF�Es Ass�gnment
<br /> shal] not prejudice ar cvnstitute a waiver of Lende�s righ� otherwise ta demand strict �amplian�e wit� that
<br /> pravision flr a�y other proWision of this Assigr�r�ent. �!o priar waiver by Lender� nor any course of dea�ing b�kween
<br /> l.�nder and �rar�tor� shali const�tute a waive�of eny of Lend�r's righ#s or of any of Grantar's obljg�tions as to any
<br /> futu re transa�tions. Whe�ever the co nsent ot �.ender is req u ired under this Assign rr�e nt, the g ra n ting v f such
<br /> consent by Lender in any instance sha11 n ot eon stitu te con�in�ing eonse�t to subsequ en� i n stances where such
<br /> consent is requ�red and in a II cases such consent may be gra�ted or with he�d in�E��sale d iscretion o�Lende r.
<br /> Notices. Any n�tice required to 4e given under this Assignment shall be given in writing, and s�a[I be effe�tive
<br /> v�rhe r� actua�ly deli�ered, �r�en actt�ally reeeived by t�lefacsi mile �un�ess ot�erwise required hy 1 a�w�, when
<br /> deposited uti►ith a natianal�y recognized o�err�ight cour�er� or�if mai�ed,�n►hen deposited in the United States mail,as
<br /> first cless, certi�ed or registered mail p�s#�ge prep�id, dire�ted ta tE�e addresses shown r�ear fhe beginning af this
<br /> Ass�gnment. Any�a�fy may c�ange i�s address far notices under th�s Ass�gnm�ni by giving form��writter� noti�e
<br />
|