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<br /> YtTV-156 2/23/90 (521) Gz��;.-Island, NE
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<br /> he�eby absolutely and uncoaditicnally assicr.c�� ��:Moxtgagee t�e ,
<br /> rents, rayalties, issues, psofits, rever.tues, i�t,��tte and other
<br /> benefits of the Mortgages� Property r�ocv o� h�-�����s arising from
<br /> - the Lease ana the Space Leases (the "Y��uats°'� �v��e applied by � �
<br /> - , Martgagee in paymeat of the Indebtedraess, asa��a� all athet sum�. . .. ;� .
<br /> � payabie under this Mortgage. Notwit��audittc�..f.tre fozegoi�ag, s� ;
<br /> long as na Ever�t of Default shall exist Y��ze�sd�r, Mortgagor
<br /> shal.l �a:ae a licens� to collect th+�: �r�nts (�su��eet to th� pro-
<br /> visfo� �� �k��s Mortg�ge; a c�rtairi ���gr�ment of I�ease and Rents
<br /> of evea t�a� lacftewi�h ,�ad.'� ��. recv�-3ed. sr.�I�sequent to the recar-
<br /> dation he�f (the "1���:�r�iis+�ct"�., be'tweer�..�-t�4c3�tgagor and Mortgag�e,.
<br /> aad a c�rtain� �instna���.�n 1e£��r af:ever� ���:`..e herewith, frami '
<br /> • Martg���r. to the Tenaat w3th resp��-�to th'�..payment of the Re�.t�
<br /> direc�y to Mortgagee) , but if a�n Ever����p��,l�fault sha�3. haL e� :
<br /> � � �occur�ed hereunder, such li��r.se s�all� �e��ate without €�artF�e�- ,-
<br /> � �ct a� inst�ument and Mortg�r�ee may �eGei�r� and �ollect the Rents '
<br /> `� � Aersc���lly or threugh a receive�, as..provided iti Article 21 ,
<br /> ` belai�? anc7 generally do, execute a.�.d``�erfoYm any other act,
<br /> matte� or thing whatsoever th,at mas;� .�.� done, executed and
<br /> ' performed by Mortgagor in coa�ectioa� with �e Rents so long as
<br /> � any �u.ch Event of Defa►�alt sha11 ex3.�t aa�d ��ri.ng pen�3ency of any
<br /> forec�a�ure proceediags arad during. ,�� redemptiott period, and ,.,
<br /> Mortgaegor agrees to ccaseat ta a r�eiver if thts �s believed . ,
<br /> necessary os desi=able by M.a.i�tqagee to enfarce Mortgagee�� rights
<br /> under this Article 25. Th� co13.e��tion af rent under the �ease �;�'
<br /> and any Space Lease by Mo�tgage� �hall in no way waive the right -
<br /> of Mortgagee to foreclose this M�r�gage in the event of any Event .� �•
<br /> o� Default. From aac� aftar the �a�e of th�s Mortgage, Mortgagor ., -.-
<br /> shall not en�er into aA.y Space L.e�ase for a�ll or aaiy porti�n of �
<br /> the Real Estate (no� is�cluaiar� t�.Q Lea��� s�ithout the pri�vr . _
<br /> written consent o� Mrr�tgagee. t�r�hiag c+�ntained in this Article � _
<br /> 15 shall limit the obl3gationa r�' i��ztgagor, and the r�gh�s and _
<br /> remed3es of Mortgagee, aris3.ng �,:rader the P�.�signment. �-_
<br /> � �. �x�
<br /> 16 . Evera�,.� of ���auS.t.� The occurrence of any one or -'��
<br /> mo�� �� the fol owing ev�n.s shall const3tute an Event of Default `�
<br /> . by �e�tgagor hereunder:
<br /> .
<br /> (a) if Mortg��or defaults in �ho payment of the �� r�
<br /> principal of the Nrte on th� stated maturity date of the Note; s�r ' ,
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<br /> (h) if t�c��tgagor defaults in the payment of any �:
<br /> � ' interest or other s�m (o�her than principa,�� due pursuant to the •
<br />_ Note, when and as due and pa�xable, and such default is not cured •
<br /> � ; withiA five (5) �ay� a€te�c the due date; providec3, however, that
<br /> ; if pxir�r to any such degaul�•t the Tenant has been making the
<br /> requ�.a� monthly lnstal�mant of rent due under the Lease directly
<br /> , to Martgagee� h-rat Yeil�d ta timely pay to M�artgagee the regular
<br /> , monthly insta�,2ment c� xent that would have been the source of
<br /> , funds for the default�c3 payment, Mortgagee shall give written
<br /> notice of such deEau?�� to Mortgagor an8 Martgagor shall have £ive
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