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<br /> KTV-��2 1/I�/90 (521) GRAND ISLAND, NE •
<br /> _ �" � � 90-�-1�063�! � .
<br /> Agreements aAd a certain i.nsttuction letter of eveai date herewith,
<br /> � from Assignor to the Tenaat, with raspect to tha payr2ent of Rents
<br /> di�ectZy to As�ignee.
<br /> _ 2. The follo�ing shall constitute and be der�-r.sd to be
<br /> an Event of Default hereunder: if Assi.gnor defauI.ts in the
<br /> performanca or observance, or there shall occur any breach of an�
<br /> term, provision, condition, covenant, warranty or representation
<br /> contained in this Assiqnment, wlnich is r�quired to be perf�rr.�d�.
<br /> _ observed or kept by Assignor and such default #,g not cured wz�h� � .
<br /> fi£teen (iS) days after Ass3gner recefves writtien: notice �
<br /> thereof. immed�iately upon the occurrence of an Event o� Def�u2.t_ .
<br /> under this Ass�gnment or �+n Event� of Default under th� Nate or
<br /> any oE the Other Agreements and so long thereafter as .any► s�ah: �
<br /> � Event of Default shall continue, the license meationec7 in. "
<br /> Paragraph 1 above along with aII ai�her rights of AssiqAnr �aa ,and�
<br /> to the Assiqned Property �hall ��ase and terminate. IA: �UCI3, , �.
<br /> event, Pis�lgnee is herehy ��pressly and irrevocably authoriied to
<br /> exec�ise aay or all of t�e�,tol].awing rights with respect to the
<br /> � I�eas�, subject to the prov�.�3ons of the Lease:
<br /> �a) to e�f�rce, exten8, �end or modify the Lense .
<br /> or en.join or restrain ttt� violation of aay of tha provisions of
<br /> _ the �ease and take aa�r. a��ion and expend such amounts of money as . �
<br /> Assignee in its sol� d����retlon c�Eems necessary to cure any �<�. .,
<br /> breach or default b�r A�si:�or un�er the Lease, but Assignee shall ���� `�
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<br /> not be obligated to �ure ar�y such breach or default. Assignor �
<br /> agrees ta pay to Assigaee upon demand all such amounts paid by -
<br /> the Assignee, toqether with interest thereon at a fluctuating rate � _--
<br /> per annum equai to �aur percent (4+�) above tlne rate of interest :
<br /> established frorn t9.me to time by Assiqnee as Assignee's --�
<br /> . "reference rate", but amt to exceed the maximum rate of interest
<br /> � permitted by appl.t�able law tthe "I3efat3lt Re1te") , from the date
<br /> of e��h such paymsstC made by Ass�gnee and the same shall be added
<br /> to �� Inde�tedne��;
<br /> (b) to dena:��, collecic, sue for, recover, �
<br /> receive, compromise auid as��sst the Rants; �
<br /> � ' �c) to give or r�ceive any notice, consent, ,�A_:
<br /> waiver or a�proval with respect to the Lease;
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<br /> — (dP to institute, proseccite to completion, or �
<br /> conrgromise i� settlement, all summary prctceedings, actions far �
<br /> ren� or for remo F�r��g the Tenant under the Lea�e;
<br /> (ex� to a�:serve and perform an� or all obligations
<br /> of 1.�.ssignor arisi�Ac� uAder th� Lease. Assignar r�iii pay
<br /> � imcr�adiately upon a!��nd all such sums paid by �issignee under the
<br />� authority hereof, together aith interest thereon at the Default
<br /> Rate, fzom the date of each such payment made by Assignee, and
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