|
2� 17��859
<br /> ASS�GNMENT �F F�ENT�
<br /> Lvan Nv: '1�'I 3D2'i 3� �C�ntinu�d} Page �
<br /> deemed to be notice giWen to aI1 Gran�ors.
<br /> Powers af Attarney. The �arious agencies and powers af afifiorney con�eyed on Lender under th#s Ass�gnment are
<br /> granted for purpvses of security and may no� be re�aked �ay Grantar until such time as the same are renounced by
<br /> Lender.
<br /> Se�erabilifiy. �f a cvurt vf competent jurisdi�t�on �Finds any pro�isian ❑f�his Assignmen�t to bs illegal, in�alid, or
<br /> unen�vrceable as to any �ir�ums�ance, �hat finding sha�1 no� make �he o�tending pro�isian illegal, in�alid, ar
<br /> unen�arceable as t❑ any other circumstance. If feasible, the offending pro�ision shall be conside�ed modified so
<br /> �hat i� becomes Iega1, �alid and en-�orceable. If the o��ending pro�isivn cannot be sv madi�ied, it shall be
<br /> �ansidered delefied �rom this Assignment. Unless o�herwise required by law, �he illegali�y, in�alidity, ❑r
<br /> unenfvrGeability ❑fi any pro�ision a� this Assignment shall no� affec� �he legality, validity ar enfarceability ❑� any
<br /> ❑ther pro�isian of this Assignment.
<br /> Successors and Assigns. Sub�ect to any limitations sta�ed in th�s Assignment vn trans�er a�G�antor's interest,this
<br /> Assignment shall be binding upon and �nure to the henefi� ❑f the parties, their successors and assigns. ff
<br /> ownership af the Property bec�mes �ested in a persan o�her than Grantvr, Lender, wi�hout notice tv Gran�or, may
<br /> deal wi�th Grantor's suc�essors with reference to this AssFgnment and �khe Indeb�edness by way af forbearance or
<br /> extensian without releasing Grantor�rom the obligatFons o�this Assignmenfi or liahility under�he lndeh�edness.
<br /> Time is o�fihe Essence. Time is of the essence in the per�ormance of this Assignment.
<br /> 1Naiver of Hvmestead Exemption. Gran�or hereby releases and waiWes a1� rights and benefits a� the hamestead
<br /> exemp�ion laws af the State of Nebraska as�ko all Indebtedness secured by this Assignment.
<br /> DEFINITI�NS. The fvllvwin� �api�alized words and terms sha�l ha�e �he foll�wing meanings when used in this
<br /> Assignmen�. Llnless specifically s�a�ked to the con�rary, all references to dollar amaunts shall mean amounts in lawfuE
<br /> � mvney ❑f�he United 5�a�es of America. 111lvrds and terms used in the singular shall in�lude the plura�, and the plural
<br /> shall includ�the s�ngu�a�, as the �ontex� may require. V1lards and �erms no�o�herwise de�fined in�his Assignment shall
<br /> ha�e the meanings attributed t❑such terms in�he Uniform Commercia� Code:
<br /> Assignment. The wvrd "Assignment" means this ASSIGNMENT�F RENTS, as this ASS�GNMENT DF RENTS may
<br /> be amended or modi�i�d from�k�me t❑�ime, together wi�h all exhibits and schedules attached �o this ASSfGNMENT
<br /> �F RENTS�rom�ime to time.
<br /> Borrov►rer. The word "Borrower" m�ans L&P 1NVE5TIVIENTS, L.L.C..
<br /> Defau[t. The wvrd "Defaul�" means fihe De�aul�set fvrth in this Assignment in the section�itled "Detau[t".
<br /> Event of Defau[�. The words "EWenfi o� Default" mean any ofi the e�enfis�vf defiault set�orth in this Assignment in
<br /> the de#ault se�tivn vfi�his Assignment.
<br /> Gran#ar. The word "Gran#or" means L�P 1NVESTMENTS, L.L.C.. �
<br /> Guaran�y. The word "Guaran�y" means the guaranty�rvm guarantar� endvrser, surety, ❑r accommodation party to
<br /> Lender, including w�i�khou�k limi�a�ion a guaran�y o�all ❑r par�❑f the No�e.
<br /> Cndehtedness. The word "Indebtedness" means all principal, in�erest, and other amoun�s, costs and �xp�nses
<br /> payable under the Nv�e ❑r Related DoGuments, togefiher with al� renewals o�, exfiensivns ❑�, modifica�ians of,
<br /> consolidations af and subs�kitutions for�he No�e or Related ❑ocumen�s and any amounts expended or ad�anced by
<br /> Lender ta dis�harge Grantor's obfigativns ar- expenses incurred hy Lender fiv enfivr�e Granfivr's obligations under
<br /> �hES Assignmen�, together with interest ❑n such amoun�s as pro�ided in this Assignmen�. Speci�icaliy, wi�hvut
<br /> limi�a�ion, Ende�tedness includes the �uture ad�ances set�orth in the Fu�ure Ad�ances prv�ision, tvgether with all
<br /> int�rest �hereon and all amoun�s �hat may be ind�rec�ly secured hy �he C�-oss--Co��ateralization pro�ision of this
<br /> Assignment.
<br /> Lender. The word "Lender" means Fi�e Poin�s Ban�, its su��essors and assigns.
<br /> No#e. The ward "Nvte" means �he promissory no�e dated February 3, 2��7, i17 the original p�'Nn�lp�l
<br /> amount vf $'i�6,78�.�7 frvm Grantar to Lender, �oge�her wi�h a�E r�newaFs ❑f, extensians o�, modifications
<br /> ❑f, re�inancings ❑�, consolidations�fi, and substifiu�ivns fvr the promissory note or agreement.
<br /> Proper�y. The wvrd "Proper�y" means alf vf Gran�or's righ�, title and in#erest in and �v all the Praperty as
<br /> described in the "Assignment" sec�ion❑�this Assignmen�.
<br /> Relat�d aocuments. The words "Related Da�uments" mean all prvmissory no�es, credit agreemen�s, loan
<br /> agreemen�s, en�ironmental agreemen�s, guaranties, security agreements, mortgages, deeds �� trust, securi�y
<br /> deeds, callateraE mv�tgages, and all other instruments, agreements and documents, whether now or hereaf�er
<br /> existing, executed in cannec�ion with the Indebtedness.
<br /> Ren�s. The word "Ren�s" means all a� Grantvr's presen� and future rights, title and interest in, fio and under any
<br /> and all presen� and �uture leases, including, withaut limi�ation, all r�n�s, re�enue, incame, issues, r�yalties,
<br /> bvnuses, accounts rece��ahle, cash or security deposits, ad�ance rentals, prof�ts and proceeds fram the Praper�y,
<br /> and ather paymen�s and benefi�s deri�ed or tv be deriWed firvm su�h leases o�e�ery kind and nature, whe�her du�
<br /> now vr later, including withou�t limi�a�ion Gran�or's right�❑ enforce such leases and�o recei�e and collect payment
<br /> and praceeds thereunder.
<br />
|