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2� 17� 1924 ASSI�NMENT C]F RENTS Loan No: '!a�3�3355 {Continued� Page � GRANT�R'S WAIVERS. Grantor wai�es ail rights ar defenses arising by reason af any "ane actEon" or "anti-defi�iency" law, ❑r any ❑ther law which may pre�ent Lender from k�ringing any action against Grantor, including a ciaim for deficiency t❑ the extent Lender is otherwise entitled t❑ a claim for deficiency, be#are or after Lender's comm�nc�ment ❑r campletian ❑f any forecfosur� actian, �ith�r judicially or by ex�rcise ❑f a power❑f sale. BqRRqWER'S WAIVERS AND RESPDN5IBILITtES. Lender need not tell Barrower abaut any acti�n ❑r inactian Lender takes in c�nnectivn with this Assignment. Borrower assum�s the respons�bi�ity for being and keeping infarmed about the Praperty. 6orraw�r wai�es any defenses that may arise because of any action vr inaction of Lender, including without l�mitation any failure �f Lender to rea�ize upt�n the Prop�rty, or any delay by Lender in realizing upon the Property. Bvrrvwer agrees to remain liable under the Note with Lender no matter what act+an Lend�r takes or fails to take under this Assignment. PAYMENT AND PERF�RMAN�E. Except as otherwise pr��ided in this Assignment or any Related Documents, Grantor shall pay to Lender all amaunts se�ured �y this Assignment as they become due, and shall strictiy perfarm af! �f Grantor's obligati�ns under this Ass�gnment. Unless and untii Lender exercises its right to collect the Rents as pro�ided heEow and sa long as there is na default under this Assignment, Grantor may rema�n En possession and c�ntrol of and �perate and manage the Prop�rty and callect the Rents, proWided that the granting of the right to collect the Rents shall not constitute Lender's consent to the use of cash collateral in a bankrupt�y praceeding. GRANT�R'S REPRESENTATI�NS AND WARRANTIES. Grantor warrants that: �wnership. Grantor is entitled �❑ �ecei�e the Rents free and clear ❑f all rights, loans, liens, encumbrances, and �laims except as disclosed ta and a�cepted by Lend�r in writing. Righ# to Assign. Grant�r has the �u�� right, pawer and authority ta enter into this Assignment and ta assign and con��y the Rents tv Lender. Na Prior Assignment. �rantor has not pre�iausiy assigned �r c�n�eyed the Ren�s �� any ❑ther person by any instrument nvw in farce. No Further Transfer. Grantor will not sefk, assign, encumber, or otherwise dispose of any of Grantor's rights in the Rents except as pro�ided in this Assignment, LENDER'S RlGHT TU RECEIVE AND C�LLECT RENTS. Lender shall ha�e the right at any time, and ��en though no default shall ha�e vccurred under this Assignment, to collect and receiWe the Ren�s. For this purpose, Lender is hereby gi�en and granted �he following rights, paw�rs and au�harity: Notice to Tenants. Lender may send notices ta any and all tenants af the Praperty ad�ising them of this Assignment and directing all Rents to be paid directfy to Lender or Lender's ag�nt. Enter the Property. Lender may enter up�n and take poss�ssion ❑f the Property; demand, collect and recei�e fr�m the tenants ❑r frvm any other pers�ns liable therefor, all of �h� Rents; institute and carry vn ail legal proceedings necessary �or the protecti�n af the Property, incfuding such proceedings as may be necessary t❑ re�o�er pvssession ❑f the Property; c�llect the Rents and remo�e any tenant or tenants ❑r other p�rsons frnm th� Praperty. Main#ain the Prvperty. Lender may ent�r upon the Property t❑ ma'rntain �he Prvperty and keep the sam� in repair; to pay the �asts therevf and of all ser�ices vf a�� employ�es, including their equipment, and of all �ontinuing costs and exp�ns�s of maintaining the Praperty in proper repair and condition, and alsa to pay al! taxes, assessments and water utilities, and the premiums on fir� and other insu�ance effected by Lender❑n the Property. Compliance with Laws. Lender may dfl any and all things to exe�ute and camply with the laws of the Sta�e of Nebraska and als❑ all ❑ther Eaws, rules, ❑rders, ❑rdinances and requir�ments ❑f al[ other go�ernmental agencies affecting the Property. Lease the Property. Lender may rent or �ease the whaie or any part of the Property for such term or terms and on such �onditivns as Lender may deem appropriate. Employ Agents. Lender may engage such agent ar agents as Lender may deem apprapriate, either in Lender's name or in G�antor's name, tv rent and manag�the Pr�perty, including the Gallectian and application of Rents. Uther A�ts. Lender may dv all such �ther things and acts with respec� #❑ the Proper�y as Lender may deem appropriate and may act exclusi�ely and svlely {n the place and stead of Gran�or and t❑ ha�e all ❑f the powe�s �f Grantor fvr the purp�s�s stated abo�e. Nv Requirement to Act. L�nder shal! n�t be required t❑ do any of the faregoing acts or things, and the #act that Lend�r shal� ha�e per#ormed one or mare af the foregoing acts �r things shail not requir� Lende� to do any ath�r specific act�r th�ng, APPLICATI�N �F RENTS. A�I costs and expenses incurred hy Lender in c�nnection with the Property shall be for Grantvr's account and Lender may pay such Gasts and expenses from the Rents. Lender, in its sal� discretion, shall determine the appiication of any and all Rents re�ei�ed by it; howe�er, any such Rents �e�ei�ed by Lender which are not app�ied tv such �osts and expenses shali be applied to the Indebtedness. AI! expenditures made by Lend�r under this Assignment and not reimbursed fram the Ren�s shall became a part of the indebtedness secured by �his Assignment, and sha�� be payable on demand, with inter�st at the Nate rate from date of expenditure until paid. FULL PERF�RMANCE. !f Gran�tor pays ail of the Indebtedness when du� and otherwise performs all the obligations