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2� 17��8�� A�S1GN�1llENT �F RENTS Loan Na: �D'�3��144 ��ontinued} Page � THIS ASSIGNMENT 15 GIVEN T� SECURE {"1} PAYMENT ❑F THE 1NDEBTE�NESS AND [�} PERF�RNlANCE QF ANY AN❑ ALL ngLIGATIDNS �F GRANT�R UN�ER THE NaTE, TH1S A551GNMENT, AN❑ THE RELATED D�CUMENTS. TH�S ASS1GN11J�ENT IS GIVEN AN[3 ACCEPTED ❑N THE F�LL�VIIING TERMS: PAYMENT AND PERFDRMANCE. ExGept as atherwise pro�ided in this Assignment vr any Related Documents, Grantar shall pay to Lender all amounts secured by this Ass�gnmen� as �hey become due, and shall s�ric�ly per�orm all ❑f Grant�r's obligations under�his Assi�nment. lJnl�ss and un�il Lsnder exer�ises its right�o colleGt the Rents as pro�ided be�ow and so long as there is no default under this AssFgnmen�, Gran�or may remain in passess�an and c�ntrvl a� and . ❑perate and manage the Property and collect the Rents, pro�ided that the granting of�he righ�to collect the Ren�s shall not consti�ute Lender's consen�to fihe use❑f�ash collatera! in a �ankrup�cy proceeding. �RANT�R'S REPRESENTAT��NS AND WARRANTlES. Gran�or warrants that: �v►rnership. Granfior is enti�led tv reGe��e the Renfis free and c�ear o� a!! rights, Ivans, ��ens, encum�rances, and claims ex�ept as d�sc�vsed tv and accepted by Lender in writing. Right�v Assign. Granto� has fihe full right, power and authority to en��r into �this Assignmenfi and �v assign and can�ey fih� Ren�s tv Lender. Na Prior Assignment. Grantvr has not previously assigned ❑r con�eyed �he Rents �o any ❑�her pers�n by any ins�rument now in force. No Further Transfer. Grantvr will no�sell, assign, encumber, ar otherwise dispase ❑f any❑f Grantor's rights in fihe Ren�s except as praWided in fihis Assignment. LENI]ER'S RI�HT T� RECE[VE AN❑ C�LLECT RENTS. Lender shall ha�e the righ� at any tim�, and eWen thvugh na defaul�shall hav� ❑ccurred under this Assignment, �o callec�and recei�e the Rents. For this purpose, Lender is herel�y gi�en and granted the fiollawing righ�s, powers and authority: � Notice to Tenan#s. Lender may send notices tv any and all tenants vf the Property ad�ising them vf this Assignm�nt and direcfiin� all Renfis to be paid directly ta Lend�r❑r L�nder's agent. Enter the P�operty. Lender may enter upon and take passession ❑f the Property; demand, callect and recei�e from the tenants o�-fram any �ther persons liabie �he�efor, all vf the Rents; institufie and �a�ry an a�� legal praceedin�s necessary �or the protection v� fihe Property, including such proceedings as may be necessary �❑ reco�er pvssessian vfi the Property; c�llect�he Rents and rema�e any tenanfi vr tenants or oth�r pers�ns from the Prvperty. Main#ain�he Property. Lender may enter upon �he Property to maintain the Prvperty and keep�he same in repair; t❑ pay the casts thereo�f and af all ser�ices o�all employees, including their equipmen�, and ❑f a�l cantinuing costs and expenses ❑f mainfiaining the Prope�ty in proper repa��-and cvndifiion, and aCso to pay all taxes, assessments and water utilities, and�he premiums on fire and o�her insuranc�effected by Lender❑n the Pr�perty. Campliance wi�h Laws. Lender may do any and all things �❑ execufie and camp[y v+rifih the faws vf the 5�ate vfi Nebraska and alsv all other laws, ru�es, ❑rders, ordinances and requirem�n�s of all o�her ga�ernmen�al agencies a-�f�cting�he Proper�y. Lease�he Prvperty. Lender may ren�ar iease�the whole �r any par�of the Property fvr such�erm vr terms and on such cvndi�ions as Lender may deem appropriate. Employ Agents. Lende�- may engage such agent vr agenfis as Lender may deem appropria�e, either in Lender's name or in Gran�or's name, �❑ rent and manage the Property, inc�ud�ng the collection and app�icafiion❑�Ren�s. ��her Acts. Lender may do all such other �hings and ac�s with respec� t❑ the Property as Lender may deem apprvprtafie and may act exclusi�ely and saie�y in the pla�e and s�ead o# Gran�or and ta ha�e all af�h� pawers a� Grantvr�or�he purp�ses s�a�ed aba�e. Nv Requiremen�tv Ac�. Lender sha�l na� be �equired tv do any v�F the foregoing acts o�-things, and the �act that Lender shall ha�e performed ❑ne or mor� ❑f�he �oregoing acts or�hings shall nv� require Lender�a dv any v�her specific ac�or thEng. APPLICAT�DN �F RENTS. Aii c�s�s and expens�s incurred by Lender in connecti�n wi�h #he Prvper�y shall be for Grantvr's account and Lender may pay such costs and expenses from �he Rents. Lender, in i�s sale discre�ion, sha�C de�ermine the applica�ion of any and all Rents received by it; hawe�er, any such Rents reGei�ed hy Lender which are not applied t❑ such c�sfis and expenses shall be applied tv �he lndebtedness. All expenditures made by Lender under this Assignment and not reimbursed from �he Rents shall become a part ❑f the lndebtedness seGured by �his Assignmen�, and shal[ be payable❑n demand, with interest at the Note rate from da�e o�expendi�ure unfiil paid. FULL PERF�RMANCE. lf Gran�or pays all of fihe Indeh�tedness when due and atherwise perfarms a11 �he ob�iga�ions imposed upon Grantor under�his Assignmen�,the Note, and the Related aocumen�s, Lender shall execu�e and deli�er to Grantvr a suitabEe satis�ac�fiion of this Assignment and suitable sfia�emen�s v��ermination o�any finan�ing statement on �i�e e�idencing Lender's securi�y in�erest in �he F�en�s and the Property. Any �ermination fee required by law shall he paid by Grantvr, if permitted by applicable law. LENDER'S EXPEN�ITURES. if any acfiion ❑r prviceeding is cvmmenced �ha�would materially affect Lender's in�erest in �khe Property ar i�Gran�vr fails�n comply with any pro�is�on of�his Ass�gnment or any Related Documenfis, including but nofi fimi�ed to Grantv�'s failure�t❑discharge o�pay when due any amvunts Grant�r is required�o discharge or pay under