|
2� 1 ��8515
<br /> �SSIGNi�I�I�T �F F�EN��
<br /> ���r��inued} Pa�e �
<br /> to �f�e otE�er parties, spec�fying that the purpase of the notice is to change the pa�#�r's aci�iress• �vr no#ice
<br /> purpases� �rantvr agr�es ta keep Lender inform�ci �t a11 ��mes of Granto�s current address. Un�ess atherwise
<br /> provid�d or requlr�d by lav+r, if there is mor� t�an one Crantor� �ny na�ice �ive� by Lenc�er to any �rantor is
<br /> deemed tv E�e notice given to all�rantors,
<br /> Powers af Attorney. TF�e variaus agencies and �awers of attarney canveyed or� Lend�r under this Ass�gnment are
<br /> granfed far purposes of security and may nat be revoked by Crar�tor un#il s�cf� ��me as the same are renounced by
<br /> i.ender.
<br /> 5everabjlity. I�a court of r.om�etent�ur�sdf��ion fnds any pro�isi�� of tf�is �ss�gnment to b� il�e�al� in�alid, or
<br /> unenforceabEe�s ta any p�rsan or ci rcurnstance,#hat finding shall nvt ma�c�the offending pravis��n illcgal, inval id,
<br /> ❑r unenforceable as to any other persar�or circumstanc�. If feasible, the offending prov�sion shai� be considered
<br /> modified sv that it becames I eg�l, v�lid and�nfarceable. �f the offending pro�isior�c�nnot be�o modif ed, it shafC
<br /> be considered de�eted �r�m this Assig nme�t. Unless otherwise required by I�w, the illegality� inv�i�dity, or
<br /> un�nf�rc�abi li�r of any provision of this Assignmen�shall not affect t�e legal i�r, va[idity or�nf�r�eabili�y of any
<br /> other pravision of this Ass�gnment.
<br /> Success�rs and Ass�g ns. Subj ect to any limitations stated in f his Assignm ent on tra r�sfer of Gra ntor's in�erest�t�is
<br /> Ass�gnment s�all be binding u�on �nd inu« to the benefi� o� the parties, their suc�essors and ass�gns. If
<br /> ownership a�the Pro�erty�aecornes vested in a persvn��he r tha n Grantor, l.ender,with out notice to Gr�r�tar, may
<br /> deal tir�rith Grantor's s�ccessors with reference to this Ass�gnment and the lndebtedness by way af forbearance or
<br /> exteRsion�rithout releasEn�Grar�tor ffom the obligatians o�this AssigRment or�iability und�r the Endebtedness.
<br /> Time is of the Essence. Ti me is of the essence in the perform�nce a f this�lssign ment.
<br /> �Ila[ve Jury. Aj[ parties to ti�is Assignment hereby waive t�e right ta any jury trial �n any actfort, praceetiing, or
<br /> co�ntercla�m bro�ght�y any par#y against an�other party.
<br /> Vlra�ver of Hornestead Exemption. Grar�tor hereby releases and waives all rigfnts and benefits of �he f�omestead
<br /> exern�tion��ws of the State of Nebraska as�o a�Cl Indebtedness secure�i by this Assignment.
<br /> D�F[N ITIONS. �'he fo I Iowi ng ca pita�ized words a nd terms shall �ave the fo1[owi n g me�ni ngs whe n use�f i n t�is
<br /> Assignment. l�nless spec�fically stated to �he contra�y, a[l references to d�l[ar amounts shall mean amounts En lawful
<br /> mvney of th e �r�ited States oi Am erica. Vti1fl�d s a nd terms used in the si ng t�lar shall include the plu ral, and th e plura I
<br /> shal[include ihe singular, as�he context may require. Il�ords and ferms nvt vtherwise d�fned in this Assignment shall
<br /> have the mea n ings attr�bu ted ta such terms iR t�e Lln ifo rm Commercia�Code:
<br /> Assignment. The vtira rd "Assign m er�t" me2�ns this ASSI GN M E�IT OF R�NTS� as th is ASS E�N M ENT OF RENTS may
<br /> be amended or�n odif ie d frvm tim e ta ti m e, tag ethe r w ith all exhibi�s ar��schedules atta cF�ed ta f his f�SSI GN Ni ENT
<br /> O��EN'�S from time to time.
<br /> Borrvwer. 7he v+�o rd "B or�owe r" means Alvin A Ave ry and Teresa K Avery.
<br /> �efau It. The w�rd "D e�aU[t"mear�s the D efaulf set fo rth in this Assign ment i n th e sec�ian titled "I�e fa u[t".
<br /> Event of Detault. �'h�w�rds "�vent of D�fault" mean any of the e�re�#s of default set forkh i� this Assigr�ment�r�
<br /> the defau�f sectian of this Assignment.
<br /> Grantor, Th�ward "Crantor"means Alvin A Avery and�'eresa K Avery,
<br /> Guaranty. The word "Guaranty" means the�uaran�y from guarantar,endorser,sure�y�or accomrnodati�n parfy ta
<br /> Lend�r,ir��luding w�tnauf[imifat�an a guaranty o��ll o�part of the Note. �
<br /> Inde�tedness. Ths vvord "lnd�btedness" means a[E principal, interest, �nd otF�er amaunts, costs and �xpenses
<br /> payable ��der t�e Nofe or F�el�ted Doc�ments, fogether v�vit� aII renewals of, extensions of, modifcatians of,
<br /> co�salid��ior�s af ar�d sub sti�u tions fo r fh e N ote or Relat�d Docu ments a nd any a mounts expende�ar adva n ced by
<br /> Lender to diseha�ge Grantor's obligations or expenses incUrred by Lender to er�for�e Grantor's ot�ligations under
<br /> this Assignment, kogether witF� inte�rest on such �mounts as pr�vided in this Assignment. Speci�ca��y� �+vithout
<br /> lirnitat�on, �r�debtedness ir�cludes the future advances set fo�t� in the Fu�ure Advances provision, together with ai[
<br /> interest �he�eo� and ala amounts th�t may �e indirectly+ secured by the C�oss-Collatera[i�ation provision of this
<br /> Assignment.
<br /> Lender. The word "Lender"means Fi�st�ati�nal Bank of�maha,its successors and ass��ns.
<br /> hlote. �'he wo rd "N ote" means any and ail o f 8 orrowe r's liabil ities, obligations and d�bt�to Lender, nor�r existing
<br /> or hereinafter incurred or created,includ��g,wEtE�out limitat�on, all loans,advances,inter�st� C45t5 d��t5,overdraft
<br /> indebted�ess, credit card indebtedne�s� �ease obfigations, Eiabilities and oblfga��ans under interest rate protectior�
<br /> agreements or foreign currency excha�nge agree�nenf5 0�comrnadit}��ri�e protection agreemenfs,ot[�er obligations,
<br /> and liabilities of Barro�rer tagether �ritF� a[� mod€rcat�or�s� incr�ases, renewa�ls, and extensions ai the
<br /> aforem entianed. Additionally, F�ereby inco r�orated as i f iu I!y set fo rth herein are the �erms and evndiiivns of any
<br /> pramissary nate� �greement or ather dvcu�ment exe�Uted by Borrawer andlor L�nder i�d��at�ng fhis securit}�
<br /> instrument or #he proPerfy described herein shall �e �onsidered ''Cvllater�l" secur�ng such promissor� note,
<br /> ag ree�ne n�, or�ther in str�me n��or an}�simila r reference.
<br /> Property. The word "Pra�efty" means a�l af Grantor's rfght, title and interest in and to alI the Property as
<br /> dBSGfI�Bd IR��1e"Assignrr�ent"sectian of thls Assignment.
<br /> Related �vcum�nts. �'he vtiro rd s "Relate d D ocumenfs" me�n afl �ro missory notes� cred it ag reemer�ts, !aa n
<br /> agre�ments, env'rronmental agreemen#s, guaranties� security agreemen�s, morf�ages� deeds ❑f trust� security
<br /> deeds, colla#eral mortgages, and all oti�er instruments, agreer�er�fs �r�d documen�s, whether now or hereafler
<br /> oxi�tirta.oxocutod in cortrti�atian wi�h i�a Indobladnosa.
<br /> Rents, The wo rd "F�en ts'' means a�ll of C�a n tor's prese�t artd fu tu re rig hts, tiile and lnteres t f n� to a nd under any
<br /> and all present and future leases, ineluding� without limitat�on� all re�ts, revenue, income, Issues� �oyalties,
<br /> bonuses, accounts receivable, cash or securlty depaslts, advance rentals, pr�fits and proceeds fram the �'roperty�
<br /> and otF�er payments and benefits de�i��d or t� be der;ved from such leases of every kind and nature�whether due
<br /> novtir or later� i n cEuding wit�o ut�i mitatia��r�nto r's ri��t ta enfvrce st�ch �eases and to rece ive ar�d collect paym ent
<br /> and praceeds thereunder.
<br /> TH� U�DERSIGN�� ACKHOVI�LEDGES HAV1N� R�Ao A��. �HE PRov��[aNs o� YHIS ASSIGNI�EN'�, "�H[s
<br /> p�CUM�NT i5�KECUTED ON D���NfB�R'1 S,2Q�6.
<br />
|