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2� 17��855
<br /> ASS�GNiIl1FNT �F RENTS
<br /> Loan Nv: 'i�'i 3D��4'i ���nt��ued} Pa�e 5
<br /> deemed ta be notice gi�en�o all Granfiars.
<br /> Pu►rvers of Attorney. The �arious agencies and pvwers a�a��orney cvnWeyed on Lender under�his Assignment are
<br /> granfied fior purpvses of security and may nat be reWvked hy Grantor until such time as �h� sam� are renaunced by
<br /> Lender.
<br /> 5e►rerahili�y. I� a court of compe�ent jurisdiction �inds any prvvision ❑f �his Assignment ta be illega�, in�a�id, or
<br /> unenfarceable as t❑ any circumstance, that finding shall nat make the offending pro�ision iIlegai, in�alid, ar
<br /> unsnforesabl� as to any ❑ther circums�ance. 1�F �easihle, the �ffending pro�ision shall be considered modified so
<br /> that it becomes lega�, �alid and enfvrceahle. If the ❑ffending pro�ision canno� be s❑ modi�ied, it shall be
<br /> considered deleted �rom this Ass�gnment. Unless otherwise requ��ed �y law, the illegali�y, in�alidi�y, ❑r
<br /> unenforceability ❑f any pro�ision ❑f this Assignment sha�i nvt affect the legality, �al;dity ❑r enfarceability ❑f any
<br /> ��hsr praWision�f this Assignmen�.
<br /> Successors and Assigns. 5ubjec��❑ any limita�ions stated in this Assignment on transfer�fi Gran�or's interest, �his
<br /> Assignmen� shall be binding upon and inure tv the benefi� of �he parties, their successors and assigns. lf
<br /> ownership o�the Praperty becomes ��s�ed in a person other than �ran�or, Lender, withvut natice t� Grantvr, may
<br /> deal with Grantvr's successors with re�erence fio this Assignment and the lndeb�edness by way ❑f�orbearance ❑r
<br /> extension withvut releasing Granfio�-�ram the obli�ations of this Assignmen�or liabili�y und�r�h� Indel�tedness.
<br /> Time is of the Essence. Time is of the essence in�he performance��this Assignmen�.
<br /> VIlaiver vf Homestead Exemption. Grantor hereby re�eases and wai�es all ri�h�s and henefits vf the homes�ead
<br /> exemp�ion laws ❑�F the S�a�e ❑#Ne�raska as�❑ all �nd�htedness secured by this Assignment.
<br /> DEFiN[TIDNS. The �ollowing capitalized wards and �erms sha�� ha�e the following meanings when used �n this
<br /> Assi�nmen�. Un�ess spec��ically stated �a the contrary, all references ta daflar amaunts shall mean amaun�s in lawful
<br /> mvney of�he Uni�ed States of America. Words and terms used in the singular shall snclude the p�ural, and the p�u�-af
<br /> shall include the singular, as�he context may require. Wards and fierms not oth��wise defined in�his Assignment shall
<br /> ha�e�he meanings a��ribu�ed to such�erms in the Uniform Cammercial Code:
<br /> Assignment. The w�rd "Assignment" means�his ASS��NMENT OF RENTS, as this A55�GNMENT�F RENTS may
<br /> he amended or modified from time�a time, together with all exhibits and schedules attached to this ASSIGNMENT
<br /> �F RENTS from�ime�a�ime.
<br /> Borrower. The word "6orrower" means L& P INVESTIVIENTS, L.L.C..
<br /> De�au�t. The ward "De�ault" means the ❑efau�t set�vrth in�his Assi�nment in�he sscfiion fii�led "De�aul�".
<br /> E�ent vf Default. The words "E�ent o� Default" mean any o�F the e�ents o�defaul� set forth in this Assfgnment in
<br /> the defaul�sec�kion ❑f this Assignment.
<br /> Granfivr. The word "Grantvr" means L&P 1NVESTMENTS, L.L.C..
<br /> �uaranty. The word "Guaranty" means the guaran�y frvm guaran�or, endo�rser, sure�y, or accommodatian party to
<br /> Lender, including w't•thou�limitation a guaran�y af all ar parfi o�the Nvfie.
<br /> lndeh�edness. The word "Indebtedness" means all princ�pal, in�erest, and o�her amounts, cos�s and expenses
<br /> payable under the Note or Related Documents, �og��her with all renewals ❑f, extensions af, m�dificativns af,
<br /> consolida�ians of and sulastitutivns for the Nvte vr Re�ated Do�uments and any amoun�s �xpended ar ad�anced 1ay
<br /> Lender t� discharge Grantar's abligatians or expenses incurred by Lender t❑ en��rce Grantor's obf€ga�ions under
<br /> �his Assignmen�, �agether with interes� on su�h amoun�ks as provEded in this Assignment. Specificalfy, withou�
<br /> limi�a�ion, Ind�btedness includes th� future ad�ances s��farth in the Future Ad�an�es pro�ision, toge�her wi�h all
<br /> interest thereon and aE! amounts that may be indireG�ly secured hy the Cross-Callafieraliza�ion pro�ision of this
<br /> Assignment.
<br /> Lender. The wvrd "Lender" means Fi�e Points gank, its successors and assigns.
<br /> Note. The word "Nate" means �he promissvey note da�ed February 3, ��17, In the vriginal princ��al
<br /> amvunt vf $1��.78�.�7 f�am Gran�or to Lender, togefher w��h all renewals ❑f, ext�nsions af, modificatEons
<br /> of, re�inancings o�, consalidations af, and subs�itutians for th� prvmisso�y no�e vr agreemen�.
<br /> Proper�y. The word "Proper�y" means all o�F Grantor's righ�, tifile and in�eres� in and to afl the Proper#y as
<br /> desc�-Ebed in the "Assignment" se�tion of this Assignment.
<br /> Related Dvcuments. The words "Rela�ed Documents" mean all promissory no�es, credifi agreements, loan
<br /> agreements, environmental agreements, gua�anties, se�urity agreemen�s, mvrtgages, deeds of t�-us�, security
<br /> deeds, collatera� m�rtgages, and all v�he� instruments, agreements and dacuments, whethe�- now ar hereafter
<br /> exis�ing, executed in connection with the Indef�tedness.
<br /> Rents. The ward "Rents" means all ❑f Grantor's presenfi and fu�ure rights, title and interes� Fn, �❑ and under any
<br /> and all present and future leases, including, withvut limita�ki�n, all rents, re�enue, incame, issues, rayalties,
<br /> banuses, ac��unts recei�able, cash ar security depos�ts, ad�ance rentals, pro�its and prviceeds from �he Prvperty,
<br /> and other payments and benefits.deriWed ❑r t� be d�ri�ed �rom such �eases ��e�ery kind and na�ure, whether due
<br /> now vr la�er, in�luding without limi�ation Grantor's ri�hfi to entvr�e such leases and�k❑ recei�e and callec�paymen�
<br /> and proceeds�hereunder.
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