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2� 17� 1838
<br /> ASSIGNMENT [3F RENTS
<br /> Loan No: 'i�313[�333� �C�nt�nued� Pa�� 5
<br /> purposes, Gran�or agree� to keep Lend�f infvrmed a� a!I �imes v� G�-antor'� curren� address. Unless a�h�rwise
<br /> �rvvided ❑r required �y �aw, if �Chere i5 more than ane G�an�a�, any no�ice gi�en by Lender tv any Grant�r is
<br /> deemed tv be notice c�i��n to afl Grantors.
<br /> Powers of At�orney. The�ariau� agen�ies and powers a�r attorney con�eyed an Lender under this Assignment are
<br /> gran�ed far purpase� of security and may not b� re�oked by G�antor�n'�il such�ime as the same are renQun�ed �ay
<br /> Lender.
<br /> Se�erahili�y. !f a �our�t a� campe�C�n� jurisdic�t�on finds any prv�isian vf this Assignmen� �o be illegal, in�a�id, �r
<br /> unenfarceab�e as ta any persan vr cirGums�ance, �ha��indEng shall no�make the ❑ffending pro�isian illegal, in�alid,
<br /> ar unen�nrc�able as �v any ather pers�n Qr ci��umstance.� f�r feasii�ie, the offending prvWision shall �e cansidered
<br /> modi#ied sa �ha� i� becvmes legal, �alid and enforceabEe. if the ofi�ending pro�isEon canna� be so modified, it shal!
<br /> be cansidered deleted fr�m �his Assignm�n�. Un�ess n�hertrvise required by law, the illegality, in�alidity, or
<br /> unenfvrceabRlity a� any proWisian of this Assignmen� shalf not a�fec� the legality, �afidi�y vr en�rorceability of any
<br /> oth�r pro�isivn of this Assignment.
<br /> Successvrs and Assigns. 5uhjec�to any�imi�a�ions stated in this Assignm�n�on�ransfer of Cranto�'s in�erest,this
<br /> Assi9nment shal[ be binding upon and inure ta the benefit of the pa�ties, their suc�ess�rs and assigns. I�
<br /> awnership ❑#�he Prop�rty becQmes�es�ed in a persan �ther than �rant�r, Lender, withvu�nv�ice tv �ran�or� may
<br /> dea� with Grantor�5 5l1CCP5S�1'S Wi�}'i ref�rence �o this Assignmen# and �he lndeb�edness hy vuay v��orbearance or
<br /> e�xensian wi�haut releasing Gran��r�rom�he Q�liga�ions o�F this Assignment ar liabili�y under�he lndeb�edness.
<br /> Time is af�he Essence. Time is❑�the essence in the perFormance of�his Assignmen�.
<br /> Waiver af Harr�estead Exemptivn. Gran�vr hereby re�eases and wai�es a41 rights and bene�its a� �he hQmes�ead
<br /> � .�•.Y�r.ti...w..•...� .�
<br /> , ex�mp�i�n-�laws caf��he S'ta�e of Nebraska as�v all Ind�b�edness secured by this Assignmen�.
<br /> DEFINfTI�NS. The �vllowing capitaliz�d words and terms sha[E ha�e the fallar�ving rneanings when used in this
<br /> Assignment,, Unless,speGifica��y s�a�ed to the con�rarY, a�� re�eren�es to dollar amvunts shall mean amounts in �aw�ul
<br /> money ❑f the United S�a�es �f Ame�ica. Words and terms used in the sin�ula� sha�l include th� p}urai, and the plurai
<br /> shai� includ� the singular, as t�e context may require. Wvrds and �erms not o�herwise de�ined in thi� As�ignment shaf!
<br /> ha�e the meanings at�ributed tn such terms in the �nif�rm Gommercial Code:
<br /> Assignm�nt. The wvrd "As�ignmen�" means�his A�SEGNMENT�F RENTS, �s �hiS ASSIGNMENT�F 4�ENTS may
<br /> be amended vr modi�Fied�ram time�a tEme, �ogether wi�h a!I exhibits and s�heduies a�tached �❑this ASSIGNMENT
<br /> ❑F RENTS �rom time tv time.
<br /> Barrower. The wvrd "Bvrrower" rneans J�HN J G�LLESPIE !!I and TRACY M GILLESP�E.
<br /> D��aul#. The tirvord "a��au��" me�ns the Defaui�set�or�h in this Assignment in th�section�itfed "ae#ault".
<br /> E►rent vf Defaui�. The words "E�ent af Default" mean any of the e�ents ❑�de€auit se�forth in�his Assignment in
<br /> �he defiault sec�ion v�this Assignment.
<br /> Grantvr. The word "Grantvr" means JC�HN J �1LLE5PIE�II and TRACY M��LLESPIE.
<br /> Guaranty. The wvrd "G uaranty" means the guaranty�rom guarantar, endorser, sur�ty, or accammadation party�o
<br /> Lender, includin� wi�hout limita�ian a guaranty of alS or par�of the Na�e,
<br /> Indebtedness. Th� �rvord "�ndebtedness" m�ans all principal, interest, and othe� amvunts, costs and expenses
<br /> payable under �he Na�re a� Rela�ed Dvcum�nts� tvgether with al� renewal� of, ex��nsi�ns vf, modi�ications v�,
<br /> cvnsalida�ions a�and sub�ti�utians �For the Nvte or Re�ated Dacuments and any amounts �xpended or ad�anced by
<br /> L�nder �v di�charge Grantvr's obli�ativns or expenses in�urred by Lender tv enfor�e Grantvr's vbiigafi�n� unde�
<br /> �his Ass+gnment, �ogether with interes� on such amoun�rs as prn�id�d in �his Assignmen�. Speci�iGai��, wi�hout
<br /> lim�ta�ian, Indeb�edness includes the fu�ure adWances s�t �orth in�he Future Ad�ances p�rvvisian, together with all
<br /> in�erest �hereon and a11 amounts �hat may be ind�rec�iy secured by �he �rasswCo�la�eraliza�ior� pro�ision ❑f this
<br /> As�ignmen�.
<br /> Lender, The word "Lender" means Fi�e P��n�s Bank, its successors and assigns.
<br /> Nv�e. The word "Nvt�" m��ns the p�vmissary note dated March �4, ���7, in the origina� principal amount
<br /> of $5�.4��.'I� �rvm Grantvr to Lender, tvge�her wi�h a!I renewafs of, extensions ❑�, mvdifica�kivns of,
<br /> re�inancings o#r conso�idations o�, and substitutian��ar�the promissvey nate vr agre�ment.
<br /> Property. The v�rord "Property" means all of Grantvr's right, titl� and interest in and ta afl the Praperty as
<br /> described in the "Assignm�n�" seG�ian v�this Assignment.
<br /> Related Qo�umen#s, The wards "Related Dvcument�" mean ali pramissory nvtes, credi� agreements, loan
<br /> agreemen�s, enr�iranmental agreernen�s, gu�ranti��, s�curi�y agreements, ma��gages, deec�s �f �rus�f securi�y
<br /> deeds, co��ateral martgages, and ali �ther instruments, agreements and documents, wh�ther nvw or hereafCer
<br /> e�is�ing, executed in �vnne��ion wi�h th� Indeb�Cedness.
<br /> Ren�s. The wQrd "Rents" means all vf Grantor's present and �uture righ�s, �it[e and in'terest in, to and under any
<br /> and all present and �utur� ��as�s, including, wi�hou� limi�ativn� all rents, r���nue, in�ame, issu�s, rvyalties,
<br /> bonuses, accc�unts recei�able, cash or� securi�ty deposits, ad�ance ren�als, pra�Fits and pro�eeds �rom the i'roper�y,
<br /> and ❑ther payments and aenefit$ deri�ed or t� be deri��d frvm such �eases v�eWery kind and nature� whether due
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