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2� 17� 1595 ASSI�NIVIENT �F RENTS Loan Nv: 'I D"I 3�3'155 ��orltln ued� Page 5 require. �2� If more than one person signs �his Assignment as "Grantor," the �bligations vf each Grantor are jaint and se�erai. This m�ans that if Lender brings a lawsuit, Lender may sue any vne nr more of the Grantars. !f Barrawer and Grantor are nat the same person, Lend�r need not sue Borrawer first, and that Barrawer n�ed not be joined in any lawsuit. �3S The names gi�en t❑ paragraphs ❑r sectivns in this Assignment are far can�enien�e purposes on�y. They are not ta �e used to interpret or define the pro�isions ❑f this Assignment. No V1lai�er t�y Lender. Lender shall not be deemed to ha�e wai�ed any rights under this Assignment unless such wai�er is gi�en in writing and signed f�y Lender. No delay or omissian on the part of Lender in �xercising any right shall aperate as a wai�er nf such right or any other right. A wai�er by Lender of a pro�ision o� this Assignment shall nat prejudice or constitute a wai�er ❑f Lender's right otherwise ta demand strict �ompliance with that pro�isian or any other pro�isian of this Assignment. No priar wai�er by Lender, nor any caurse of dealing between Lender and Grantor, shall constitute a wai�er vf any of Lender's rights ❑r af any �f Grantor's obligati�ns as to any future transacti�ns. Whene�er the consent �f Lender is r�quired under this Assignment, the granting ❑f such consent by Lender in any instan�e shall n�t constitute continuing consent to subsequent instances where 5L1CI1 cvnsent is required and �n al� cases such consent may be granted or withheld in the sole discretion vf Lende�. Natices. Any notice requtred ta be gi�en under this Assignment shall be given in writing, and shall �e ef#eet��e when aetually deli�ered, when actually r�cei�ed �y telefacsimile �unless otherwise required by lawy, when deposited with a nationally recagnized o�ernight caurier, nr, if mailed, when deposited in the United 5tates mail, as first class, cert�fied or registered mail pastage prepaid, directed t❑ the addresses shown near the beginning of this Assignment. Any party may change its address fvr natices under this Assignment by gi�ing formal written notic� t� the ❑th�r partiesr specifying tY�at the purpose of the na�ice is to change the par�y's address. Far notice purposes, Grantor agrees to keep Lender infarmed at all times vf Grantor's current address, Unless ❑therwise prv�ided or required by law, if there is more than ❑ne Grantor, any notice gi�en by Lender to any Grantvr is deemed tv be not�ce gi�en to a!� �rantvrs. Powers ❑f Attorney. The �ariaus agencies and powers o� attorney con�eyed an Lender under fhis Assignment are granted for purposes af security and may nat be re�oked by Grantar until such time as the same are renounced by Lender. Se�erahility. ifi a court of competent jurisdictian finds any pro�ision of this Assignment to be illegal, in�alid, or unenfarceable as to any circumstance, that finding shall n�t make the offending pro�ision illegal, in�alid, ar unen�orceable as t❑ any ❑ther circumstance. If feasible, �h� offending prv�isian sha�l be cansidered mvdified so that it �ecames legal, �alid and enforceable. If the �ffending pro�isian cannot be sa modifi�d, it shall be considered deleted from this Assignment. Unl�ss ❑therwise requir�d by �aw, the iflegality, in�alidity, ar unenforceability ❑f any pra�ision ❑f this Assignment shali nat affect the legaEity, �al�dEty ❑� enforceability of any other pr��ision of this Assignment. Successvrs and Assigns. Subte�t to any limitations stated in �his Assignment on transfer of Grantor's interest, this Assignment shall be binding upvn and inure ta the b�nefit of the pa�ties, their successors and assigns. If awnership v� the Praperty becames �ested in a person �ther than Grantar, Lender, withaut notiee to Grantar, may deal with Grantvr's successors with referen�e to this Assignment and the Indebtedness by way of forbearance or extension wirhout rel�asing Grantor from the ❑bligatians of this Assignment ar fiability under the Indebtedness. Time is Qf the Essen�e. Time is af the essen�e in the perfarmance❑f this Assignment. Vllaiver of Homestead Exemption. G rantvr hereby release� and wai�es all rights and benefits ❑f the homestead exemptian laws af the State of Nebraska as t❑ all Indebtedness secured by this Assignment. V�Jai�er ❑f Right vf Redemption. N�TINITHSTANDING ANY �F THE PROVISIQNS T� THE C�NTRARY C�NTA�NEa IN THIS ASSIGNMENT, �RA�V��R H�REBY WAIVES ANY AND ALL RIGHTS �F REDEMPTI�N F�� SALE UNQE#� ANY �RaER DR JU�GMENT QF FURECL�SIJftE �N GRANTaR'S BEHALF AN(J ❑N BEHALF �F EACH AND EVERY PERSQN, E}CCEPT JU�GMENT CREDIT�RS �F GRANT�R, ACQ�IRING ANY INTEREST lN �R TITLE T�THE PR4PERT1� SU6SEQUENT T�THE DATE �F THlS A551GNMENT. DEFENITiQNS. The following capitalized wards and terms shall ha�e the follawing meanings when used in this Assignment. Unless specifically stated ta th� cantrary, all references ta dailar amaunts shall mean amaunts in lawful maney of �he United States af America. Wards and terms us�d in th� singular shail include the piural, and the piural shal� include th� singular, as the context may require. Words and terms not❑therwise defined in this Assignment shall ha�e the meanings attributed t❑ such terms in the Uniform Cammercia� Cvde; AssEgnmen#. The word "Assignment" means this ASSi�NMENT �F RENTS, as th�s A551GNMENT pF RENTS may be amended or madifi�d from time to time, together with all exhibits and schedules attached to this A55EGNMENT OF RENTS �ram time t❑ time. Borrower. The ward "Bor�ower" means JE�S PRQPERTIES LL�, CHRISTflPHER D RICHARDS�N and KAREN K RI�HAR{�S�N. Default. The word "Default" means �he C�efault set farth in this Assignment in the section titled "❑efault". E�ent of Default. The wflrds "E�ent of ❑efault" mean any af the e�ents ❑f default set forth in this Assignment in the detault section ❑f this Assignment. Grantvr. The word "Grantor" means JEZS PRDPERTIES LLC.