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2� 17��857
<br /> ASSIGNMENT DF RENTS
<br /> Lvan Nv: 'i�'13��'13� {��ntlnued� Page 5
<br /> tv the ather parties, speci�ying �hat �he purpose ofi the not�ce is fi❑ change the par�y's address. Fvr notice
<br /> purposes, Grantor agrees ta keep Lender informed a� all �imes o� G�antor's �urren� add�ess. Unless otherwise
<br /> pro�ided or required by �aw, if there is more than one Grantor, any notice given by Lender �a any Gran�or is
<br /> deerned to be nvtice given to aII Gran�ors.
<br /> Pov►rers o�Attvrney. The�arious agencies and powers o�attorney conveyed on Lender under this Assignment are
<br /> g�anted �for purposes o�security and may not be re�vked �y Gran�or until such time as�h� same are renaunced by
<br /> Lender.
<br /> Se�erability. If a court �� Gompe�en� �urisdictian finds any prov�sian ofi this Assignment to be illegal, in�alid, or
<br /> unenforceable as to any c�rcumstan�e, tha� �inding shall no� make �he offending pro�ision illegaI, in�aiid, ❑r
<br /> unenforceahle as �a any o�her cirGumstance. I-� feasible, �he o��ending pro�ision shall be consider�d modi�ied so
<br /> that i� bec�mes legal, �alid and enfarceable. If the offending pro�ision cannat be so modified, it shall be
<br /> considered deleted �rom this Assignment. Unless atherwise required by law, �he ill�gality, in�alidity, or
<br /> unenfarceai�ility of any pra�ision of fihis Assignm�n� shall no� affect �he legality, �alidity or enforcealailFty o� any
<br /> other proWisian❑fi this Assignment.
<br /> 5u��essors and Assigns. 5ubject t❑ any limitations s�ated in this Assignment an transfer o�Grantor's in�erest,this
<br /> Assignment shall b� binding upon and inure to the benefi� ❑f the parties, �heir successars and assigns. �f
<br /> ownership vf the Praperty be�vmes �es�ed in a person other�han Gran�or, Lender, wi�hout notice ta Grantor, may
<br /> deal with Gran�or's successors with reference t❑ �his Assignmen� and �he Indebtedness hy way ❑-��arb�arance or
<br /> extension withvut releasing Grantor from�he obligations of this Assignment ar liabi�ity under the �ndebtedness.
<br /> Time�s of�the Essence. Time is vfi the essence in�he perfarman�e of this Assignmenfi.
<br /> 1JVai�er of Hvmestead Exemp�ion. Gran�or hereby releases and wai�es all righ�s and benefi�s ❑f the hamestead
<br /> exemptian laws ❑f�he State❑f Nebraska as tv alf lndeb�edness secured by this Assignment.
<br /> DEF�NlT��NS. The �fo�[owing capitali��d words and terms shall ha�e the �o��owing meanings when used in this
<br /> Assignmen�. kJnless speci�ically sfiafied �v the �on�rary, all references t❑ dollar amounfis shall mean amvunts in law�ul
<br /> man�y of�he Llnited 5tates of America. Vllords and �erms used in fihe singular shall in�lude �he plural, and the plural
<br /> shall inc�ud��he singular, as the context may require. Vllvrds and �erms n�t vtherwise defined in this Assignmen�k shall
<br /> ha�e the meanings at�ributed to such terms in the Unifarm Commercial Code:
<br /> Assignment. The w�rd "Assignment" means this ASS�GNMENT DF RENTS, as �his ASSlGNMENT DF RENTS may
<br /> �e amended ar modified�f�-om time fio time, togefiher with all exhibi�s and schedules attached to this ASSIGNMENT
<br /> aF RENTS from time to time.
<br /> Borrvwer. The word "Borrower" means L&P INV�STM�NTS, k�.�..C..
<br /> Defaul�. The word "Defaul�t" means the ❑efault set fivr�h in this Assignment in thg sec�ion�itled "De�aul�".
<br /> Even�o�Defau��. The wvrds "E�ent❑� ❑e�aul�" mean any �f the eWents ❑f de�ault set forth in this Assignment in
<br /> the default sectivn of this Assignment.
<br /> Grantor. The ward "Grantor" rneans L&P INVESTMENTS, L.L.C..
<br /> �uaranfiy. The word "Guaran�y" means fihe guaranty firom guarantor, endorser, sure�y, or accommodatfon party t❑
<br /> Lender, �n�Iuding wi�hou�limi�a�ion a guaranty❑f all or part af fihe Note.
<br /> Indebtedness. The word "[ndebtedness" means a!! principal, in�eres�, and ❑ther amaunts, costs and expenses
<br /> payable under �he No�e ❑r Related Do�uments, fiogether with af l renewals o�, extensians �fi, madi�icativns ❑�,
<br /> consvlida�ivns ❑f and substitutions for the Nate or Related Documents and any amvunts expended ❑r ad�anced hy
<br /> Lender to discharge Granto�-'s flbligations ❑r expenses incurred 1ay Lender �❑ enfarce �ranfivr's obliga�ivns under
<br /> this Assi�nmenfi, together with in�eresfi vn such amaunts as prn�ided �n this Assignment. 5peci�icafly, wi�hout
<br /> limitat�on, Indebt�dness includes the future ad�ances sefi fvrth in the Fufiure Ad�ances pro�ision, �oge�her with all
<br /> in�erest therean and all amounts that may be indirec�ly secured by �he Cross--Callateralization pro�ision of this
<br /> Assignmen�.
<br /> Lender. The word "Lender" means Fi�e Points gank, its successors and assigns.
<br /> Nvte. The ward "No�e" means �he prvmissary nvte dated February 3, 2�17, In the origina! principal
<br /> amount vf $'I��.786.�7 from Grantor to Lender, together with alf renewals v�, extensions �t, mvdifications
<br /> of, refinancings vf, consolidations of, and subs�itutians for�he promissory note or agreemenfi.
<br /> Property. The word "Prvperty" means all v� Grantor's righ�, �i�le and interes� in and to all the Property as
<br /> des�rihed in�he "Assignment" sectian o��his Assignment.
<br /> Reia�ed Documen�s. The wo�ds "Related Documents" mean all promissory notes, credit agreements, iaan
<br /> agreements. en�ironmen�ai agre�ments, guarantEes, security agreemen�s, mortgages, deeds o� trust, securi�y
<br /> deeds, c�lfafieral mortgages, and a[f ❑fiher instrumen�s, agreements and documen�s, whether now or herea#ter
<br /> existing, executed in conne��i�n with the Indebtedness.
<br /> Ren�s. The ward "Ren�s" means all vf Gran�or's present and �u�ure rights, title and interest in, to and under any
<br /> and all present and future leases, including, without limitatian, all rents, revenue, incame, issues, rvyalties,
<br /> bvnuses, acc�unts reGei�able, cash vr securi�y dep�sits, ad�ance rentals, pro�its and proceeds �rom the Property,
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