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2� 17��8�2
<br /> ASS��NMENT �F RENTS
<br /> Laan Nv: ��'13�2'I 5� {Continued} Page 5
<br /> deemed to be no�ic�gi��n to all Grantars.
<br /> Powers of Attorney. The �ariaus agencies and p�wers ❑f at�tarney cvn�eyed on Lender under�his Assignment are
<br /> gran�ed for pu�pas�s of security and may nat be re�oked by �rantar unt�l such�ime as the same are renounced hy
<br /> Lender.
<br /> Se�erabili�y. lf a courfi of competent jurisdic�ion -�inds any pro�ision of this Assignmen� t❑ be illegal, in�alzd, or '
<br /> unenforceable as fio any circumsfianGe, �hat �inding sha�� not make the offending praWision illegal, in�alid, or
<br /> unen�forceabie as to any vther circumstance. lf �feasible, the offending proWision shall be conside�ed modified s❑
<br /> �hat it be�omes Iegal, �alid and en�orceable. I� the of�Fending pro�ision cannot he so modified, it shall 1ae
<br /> considered dele�ed firom this Assignment. Unless afiherwise required by law, the illega�i�ty, in�alidi�y, or
<br /> unenfarceabiiity ❑� any pro�ision o� this Assignmenfi shall no� affect the legaiity, �alidity ar enfvrceabili�y ❑f any
<br /> vther proWisivn❑f�his Assignmen�.
<br /> 5uccessors and Assigns. Subject ta any l�mita�ions s�a�ed in�his Assignment an�ransfer vf Grantar's interest,this
<br /> Assignment shall he binding upan and inure to the benefit ❑� the parties, their 5L1CCE5501'S and assigns. [f
<br /> ❑wnership of the Prope�ty becames �ested in a persan ather�han Grantar, Lender, withaut notice fiv �ran�or, may
<br /> deal with Gran�or's successars with �-e�erence �o this Assignment and �he �ndehfiedness by way of forbearance or
<br /> ex�ension withou�releasing Grantor from�he❑bligati�ns ❑f this Assignmen�vr liahility under�he Indebtedness.
<br /> Time is o�the Essence. Time is of fihe essence in the performance a�this Assignment.
<br /> Waiver o�f Homestead Exemp�ion. Gran�or hereby releases and wai�es all righfs and bene�its ❑� the homestead
<br /> exemption laws o�f�he S�ate❑f Nebraska as to all Indebtedness secured by fihis Assignment.
<br /> DEF1N1T1�NS. The following capi�aliz�d wo�ds and terms shall ha�e �he fallowing meanings when used in th�s
<br /> Assignment. Unless specf�ically stated #❑ the con�rary, all references t❑ do[[ar amounts shalf inean amounts in lawful
<br /> money a��he United States of America. Wvrds and terms used in �he singular shall include �he plural, and the plural
<br /> shal� include the singular, as�he �antext may require. VVords and terms not❑�herwise de�ined in fihis Assignment shall
<br /> ha�e ths meanings a�tribu�ed fio such�erms in the Un��vrm Commerc�a� Code:
<br /> Assignment. Th� word "Assignment" means this AS5IGNMENT QF RENTS, as th�s A551GNMENT�F RENTS may
<br /> be amended ar mvdified from �ime to�ime, tagether wi�h all exhibits and schedu�es at�ached t❑fihis ASSIGNMENT
<br /> �F RENTS fram�ime�❑time.
<br /> gorrower. The wvrd "Borrower" means L& P 1NVE5TMENTS, L.L.C..
<br /> ❑efault. The wvrd "�efault" means the De�fault se�forfih in this Assignment�n the sectian titled "De�ault".
<br /> Event of❑e�au�t. The wvrds "E�ent ❑# Defaul�" mean any of the �vents ❑f de�aul� se�f�r�h in�his Assignment in
<br /> the defiault sectivn of�his Assignment. � � .
<br /> Grantor. The word "Granta�-" means L & P 1NVESTMEIVTS, L.L.C..
<br /> . .,
<br /> Guaranfy. The ward "�uaranty" means the guaranty from guaran�ar, endorser, surefiy, ❑r ac�ommvda�ion parfiy to
<br /> Lender, including wi�thaut�imitativn a guaranty❑f all or part af�he Nv�e.
<br /> Indehfiedness, The word "Indebtedness" means al� principal, in�eres�, and o�her amoun�s, casts and expenses
<br /> payalale under the No�e ❑r Related aocumsnts, �ogether with all renewals of, ex�ensivns af, mvdifications o�,
<br /> consolidations v�and substitutivns far the N�te vr Related ❑ocuments and any amounfis expended or ad�anced by
<br /> Lender �o discharge Gran�or's obligatians ❑r expenses incurred by Lender to �nforce Grantar's ❑bligatians under
<br /> �his Assignment, t�gether with interes� nn such amounts as pra�ided in fihis Assignment. 5pecifi�ally, without
<br /> limi�ation, Indeh�edness includes the �uture advances se�forth in the Future Ad�ances pro�ision, toge�ther with all
<br /> infierest fihereon and all amoun�s �ha� may be �ndirec�ly se�ured by the Crass--Cvl�aterali�ation proWisivn of this
<br /> Assignmen�.
<br /> Lender. The word "Lender" means Fi�e Points Sank, its succ�ssors and assigns.
<br /> Note. The word "N�te" means �he promissory note dated February 3, Z�17, in thP vrigina� principal
<br /> amount of $1��,78�.�5 �rom Grant��-t❑ Lender, toge�her wsth af� renewafs of, exfiensions of, mvdi��cations
<br /> v�, refinancings af, consolida�ions ❑�, and subs�i�u�ions�or the promissory no�e or agre�men�.
<br /> Property. The word "Property" means all ❑� Grantor's right, title and interes� in and t❑ all the Property as
<br /> described in the "Ass�gnment" sectian❑t this Assignm�nt.
<br /> Rela��d Documents. The words "Related �3acuments" mean all promissvey notes, credit agreements, loan
<br /> agreements, en�iranmentai ag�eements, guaran�ties, security agreemen�s, mor�gages, deeds ❑� trust, security
<br /> deeds, col�ateral mortgages, and ail other instruments, agreements and documents, whether now or hereaf-�er
<br /> existing, execu�ed in connect�on with the lndebtedness.
<br /> Rents. The word "Rents" means all ❑f Grantor's presen� and fu�ure rights, title and interes� in, �a and under any
<br /> and all present and fu�ure leases, including, withou� limitatifln, a�E rents, re�enue, Encome, issues, rvyal�ies,
<br /> banuses, accounts recei�able, cash or securi�y deposi�s, ad�ance rentals, pro�its and proceeds fram �he Praperty,
<br /> and other payments and bene�its deri�ed or to he deri�ed fram such leases ��e�ery �ind and na�ure, whether due
<br /> now or later, in�luding wi�hou�limi�a�ion Grantor's right�❑ en�orce such ieases and to recei�e and col3ect paymen�
<br /> and proceeds thereunde�.
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