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2� 17��8��
<br /> ASS�GN11l�ENT �F RENTS
<br /> Laan No: �D'1�D�'i 44 ���nt�nued} Page �
<br /> deemed to be no�tice gi�en to all Grantars.
<br /> Pawers o�Attorney. The�arious agen�ies and pvwers ❑f a��orney con�eyed on Lender under this Assignmen�are
<br /> granted for purposes of security and may not be re�oked by Gran��r until such time as �he same are renaunced �y
<br /> Lender.
<br /> 5e�erahi[ity. lf a court o� campetent jurisdiction �inds any pra�isian ❑f �his Assignment fio be ill�gal, in�a�id, vr
<br /> unenfor�eable as to any circumstance, �hat finding shall not make �he offending pro�ision illegal, in�alid, or
<br /> un�nfarceabie as �❑ any other circums�ance. If �Feasible, the ❑�fending pro�isivn shall be cons�dered modified sv
<br /> tha� i� becomes legal, �alid and en�orceable. lf the offending pro�ision canno� be so modified, it shall be
<br /> �onsidered dele�ed �rom this Assignmen�. Unless ❑�herwise requi�ed by �aw, the il�egafity, in�alidity, or
<br /> unenforceability a� any pro�ision ❑�f this Assignment shall no� af�ect the �egali�y, �alidity or en�orceabili�y of any
<br /> ❑ther pro�ision af�his Assignment.
<br /> 5uccessors and AssEgns. Subje�t t❑ any iimi�a�ions stated in this Assignment❑n transfer of Gran�or's interest,this
<br /> Assignment shall be binding upon and inure to �he benefi� vf fihe parties, their successors and assigns. If
<br /> ownership ❑f the Property becomes Wes�ed in a pe�san vther�han Gran�or, L�nder, wi�haut nvtice�v Grantor, may
<br /> deal with Grantor's success�rs wi�h reference�o th�s Assignmen� and �he Indebtedness by way ❑f farbearance or
<br /> extension withou�releasing Grantor firam fihe obli�afiivns of this Assignment ar lialai��ty under fihe Indebtedness.
<br /> Time is o��he Essence, Time is of�he essence in fihe performanGe of�his Assignment.
<br /> V�1ai�er o� Homes�ead Exemption, Grantor hereby releases and waives all righ�s and bene�i�s of the homestead
<br /> exempfiivn [aws vf the 5ta�e o�Nebraska as to all lndebtedness secured by this Assignmen�.
<br /> DEFINIT��NS. The �allawing capitali�ed w�rds and �erms shall ha�e the fallvwing meanings when used in this
<br /> Assignment. Unless speci�ically s�a�ed ta the c�n�rary, all references ta dv�lar amounts shall mean amounfis in lawful
<br /> money of the lJnited States a� America. V1lords and �erms used in the singular shall include the plural, and the plural
<br /> shall include the singular, as the con�ext may require. Vllords and �erms nofi vtherwise de��ned in this Assignment shal�
<br /> ha�e the mean�ngs a��ribu�ed�❑ such t�rms in the Unifvrm Cvmmercial Code:
<br /> Assignmen�. The word "Assignment" means this ASSZGNMENT OF RENTS, as fihis ASSIGNMENT DF RENTS may
<br /> b� amended or modified from time�v�ime, together with a�l exhibits and schedules a�tached t❑this ASSIGNMENT
<br /> DF RENTS from�ime�o time.
<br /> Borrvwer. The word "Borrower" means L&P iNVESTIVIENTS, L.L.C..
<br /> Default. The word "Defaul�" means the Default set�orth in fihis Assignment in�he section�i�led "C]efaul�".
<br /> E�ent of Default. The words "E�ent o� Defaul�" mean any of the e�ents of defaul�k se�far�kh in this Assignment in
<br /> �he default sec�ion o�this Assignment.
<br /> Grantor. The word "Gran�vr" means L 8�P INVESTMENTS, L.L.C..
<br /> Guaran�y. Th�word "Guaranty" means fihe guaranty-�r�m guaran��r, endorser, surety, vr accommodation party to
<br /> Lender, including w��hout�imitation a guaranty v�all vr par�of�he Nv�e.
<br /> lndeb�edness. The v+r�rd "lndebt�dness" m�ans all principal, infieresfi, and other amounts, cos�ks and expenses
<br /> payable under the No�e ar Refated Dv�uments, together v+rith all renewals o�, extensians a�, madifications af,
<br /> cvnsvlidatians of and substitutions for�he Note or Relafed Documents and any am�unts �xpended or ad�anc�d by
<br /> Lender to discharge Granfior's obliga�ians or expenses in�urred by Lende�- �❑ en�orc� Granfior's obliga�ions under
<br /> this Assignment, together with inte�-est on such amounts as pro�ided �n this Assignment. 5pecifically, rrvithvufi
<br /> limitation, �ndelatedness includes the fu�ure ad�ances set�vrth in the Fu�ure Ad�anc�s pro�isian, fiogether with aEl
<br /> infieresfi thereon and all amounts �hat may be indi�ec�[y secured by the Crvss-Cvlla�erali�ation pro�ision ❑� �his
<br /> Assignment.
<br /> Lender. The word "Lender" means Fi�e Pvints Bank, [t5 5L1CCL'SSDI"5 aCld a551gnS.
<br /> Nnte. The w�rd "Note" means �he pramissory no�e dated February 3, 20�7, in the vriginal principa�
<br /> amount af $'i��,7��.�7 from Gran�or to Lender, tagether with aI� �renewals vf, extensivns vf, mvdifiica�ivns
<br /> ❑f, re�inancings of, canso�idations❑�, and suhstitutivns for�the promissory no�e�r agreement.
<br /> Proper�y. The word "Property" means al� of Grantor's right, title and interes� in and fi❑ a[l th� Property as
<br /> described in�he "Ass�gnment" sectian of this Assignmen�.
<br /> Related Documen�s. The wo�rds "Related ❑acuments" mean all prvmissory notes, credi� agreemen�s, [oan
<br /> agreements, en�irnnmentaf agreemen�s, guaran�ies, security agreements, mort�a�es, deeds of t�-ust, securi�y
<br /> deeds, collaterai mort�ages, and all othe�- instruments, agreements and dacumen�ks, whether now ar hereafter
<br /> exist�ng, execu�ed in �annecti�n wi�h�he Indeb�edness.
<br /> Rents. The wo�d "Rents" means all vf Grantar's present and future rights, ti�le and interest in, �a and under any
<br /> and all presen� and #uture leases, inc�uding, wi�haut fimi�a�ion, all rents, re�enue, incvme, issues, rayakties,
<br /> bDnUS@5, accounts �-ece��able, cash or se�u�ity depvsits, ad�ance ren�als, prvfits and proceeds �rom the Property,
<br /> and other payments and benefits deri�ed or to be deri�ed from such Eeas�s of e�ery kind and nature, whe�her due
<br /> now or later, including wfthout Eimita#ion Granfior`s right�a enfvrce such leases and to r��ei�e and callect paymen�
<br /> and proceeds thereunder.
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