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2� 17�2283 ASSIGNMENT �F RENTS Lvan Nv: ��3��5 �Continued} Page � n�herwise, and whe�her re�a�ery upan such amounts may be or hereafter may be�ome barred by any statu�e ❑f �imitations, and whether the alaligation t❑ repay such amounts may be or hereaf�er may become ❑fiherwise unen�vrceable. REVflLV1NG LINE �F CREDIT. This Assignmen�secures the Indeh�edness in�luding, vtiri�hvu�limi�afiion, a re�olving line v�credifi, v►rhich vhliga�es Lender�❑ make ad�ances to B�rrvwer sv long as Borrower cvmp[ies wi�h a!t the terms of�he Nvfe. THIS A55iGNMENT �5 GIVEN T� SECI]RE �'I} PAYIIlIENT QF THE �NOEBTEONESS AND {�� PERFDRIVIANCE �F ANY AND ALL DBLlGAT1�N5 ❑F BQRR��IVER AND GFiANTDR UNDER THE NQTE, TH1S ASSIGNIVIENT, AND THE RELATED DDCUMENTS. THiS ASS[GNMENT 15 G1VEN AND ACCEPTED�N THE FDLL�IIVlNG TERMS: GRANT�R'S VIlAIVERS. Gran�or wai�es all rights or de�enses arising by reason of any "ane ac�ion" or "anti--deficiency" law, or any other [aw which may pre�en� Lender �rom taringing any action againsfi Grantor, including a claim for defii�ien�y�o the extent Lender is otherw�se enti�led to a claim for defi�ien�y, be�are or after Lend�r's �vmmencemenfi or comple�ion❑f any-�orec�osure ac�ion, either judi�ial�y or by exercise of a power of sale. B�RR�11�1ER'S 1NA1VER5 AN❑ RESP�N5IB�LITEES. Lender need nvf�ell Bvrrawer abvut any aG�ion ar ina��ion Lender takes �n connec�ion wi�h thEs Assignment. Barrvwer assum�s the responsibE[ity �or being and keeping informed about the Property. Barrawer- wai�es any defenses that may arise laecause ❑f any actian ar inac�ivn ❑�F Lender, including withvu� limitation any failure of Lender fi❑ realize upon �he Property, or any delay l�y Lender in r�ali�ing upvn the Proper�y. gorrower agrees to remain fiable under�he No�e with Lender no mat�er wha� a�tion Lender�akes �r fails to �ake under this Assignment. PAYIVIENT AND PERFDRMANCE. Except as otherwise p�-��ided in this Assignmen�or any Related ❑ocumen�s, Grantor shall pay t❑ Lender all amaun�s secured by this Assignm�nt as �hey become due, and shail strictiy perfarm all of Gran�vr`s ❑bligations under this Assignment. LJnless and untif Lender exercises its righ�to cvllec��he Ren�s as praW�ded below and so iong as �here is n❑ de�ault under this Assignrnent, Grant�� may remain in possession and cantrnE of and ❑p�rafie and manage fihe Property and callect the Rents, proWided�ha�the granting ❑f fihe right ta �ollec�the Rents shall not cvnsti�ute Lender's �onsen��o the use❑f cash callateral in a bankruptcy proceedEng. GRANTaR`5 REPRESENTATlDNS AND WARRANTIES. Grantor warran�ks that: awnership. Grantvr i5 en�i�led t❑ recei�e the Rents free and clear of al� rights, Ioans, liens, encumbrances, and cfaims except as disclos�d�a and accep�ed by Lender�n writing. Right to Assign. Granfiar has the full righ�, p�wer and authority to enter infio this Assignmenfi and to assign and canvey�he Rents t� Lender. Nv Privr Assignmen�. Gran�or has no� pre�iously assigned or conveyed �he Rents to any ❑ther pe�-son �y any �nstrument nvw in�orce. No Fur�her Trans�Fer. Granto�-wi[� not s�fl, assign, encumber, or otherwis�dEspose of any v-�Grantor's righ�s in the Rents ex�ept as pro�ided in�his Assignment. LENDER'S RIGHT T� RECEIVE AND C�LLECT RENTS. Lender shall ha�e th� right at any time, and e�en �hough no defaulfi sha[f ha�e ❑ccurred under this Assignmen�, �o co[lec�and recei�e�he Rents. For this purpose, Lender is hereby gi�en and gran�ed�he�ollowing righ�s, powers and au�hvrity: Notice �o Tenan�s. Lender may send no�i�es t� any and all tenants ❑� �he Property ad�ising �hem ❑f this Assignmen�and d�recting all Rents tv be pa�d directly to Lender or Lender`s agent. En�er th� Prvperty. Lender may enter upvn and take pvssessEon o��he Proper�y; demand, collec�and receiv�from �he -�enan�s �r fram any ❑ther persons lia1�le therefor, a[l ❑f the Rents; institute and carry ❑n all legal praceed�ngs necessary ��r the prvte�tivn �� the Praper�ty, including such proceedings as may be ne�essary to reco�er pvssession�f the Property; collect th� Ren�s and rem��e any tenant❑r�enants❑r other persans�rom the Prvperty. Maintain the Praper�y. Lender may ente� upan the P�operty�❑ maintain the Property and keep the sam� in �-epair; ta pay�he costs thereof and of al� ser�ices of a([ empl�yees, in�luding their equipment, and ��ali con�inuing costs and expenses of maintaining�he Property in proper�repair and candi�ion, and alsa to pay all taxes, assessmen�s and wa�er utili�ies, and the premiums ❑n fiire and o�her insurance effected by Lender❑n th� Praper�y. Cvmplian�e with Laws. Lender may do any and all things �❑ execute and camply with the laws of the 5�ate o� Nebraska and also all vther laws, rules, orders, ordinances and requirements of all other go��rnmen�al agen�ies a�fecfiing�he Property. Lease the Proper�y. Lender may ren�or Iease the whole ❑r any parfi o�fihe Property�For such term or terms and ❑n such conditions as Lender may deem appropriate. Employ Agen�s. Lender may engag� such agen� or agen�s as Lender may deem appropr�ate, ei�ther in Lender's name�r in Grantvr's name,to rent and manage the Praperty, including the callection and application af Rents. �ther A�ts. Lender may dv all such ofiher fihings and ac�s with respec� to �he Proper�y as Lende� may deem appropriafi� and may act ex�lusi�ely and soIe�y in the place and sfiead vf Gran�or and ta ha�e a�� ❑fi fihe powers ❑� Gran�or far the purpases s�ated aboWe.