|
2� 17�23� 1
<br /> ASSI�NMENT �F RENTS
<br /> �Gontinued} Page 4 :-
<br /> .
<br /> de�med ta lae notice gi�en to ail �rantors.
<br /> Pnwers vf Attorney, Th� various agencies and powers vf attorney c�nveyed on Lender under this Assignm�nt are
<br /> granted far purpases of seGurity and may no# be revoked by Grantor until such time as th� same are r�nounc�� by
<br /> Lender, �
<br /> Serre�ability. If a caurt �f competen# jurisdiction finds any pro��sion of this Assignment ta be il�egal, inva[id, or
<br /> unenfor�eab�e as to any circumstance, that finding shall not make the offending p�ovisi�n i�legal, invalid, or
<br /> unenforceable as ta any other circumstanc�, lf feas�ble, the o�fending pr��isian shall �� cansidered m�difie� sa
<br /> #hat it becames legai, valid and enf�rceable. If the ❑ffending pra�is�on canno� be so m�dified� it shall be
<br /> considered del�t�d fr�m this Assignment. lJnless �therwise required by law, the illegali#y, inWalidity, ❑r
<br /> unenfarc�ability �f any pro�isian of this Assignment shall n�t af�ect the legality, �alidity or enforceability of any
<br /> o�her provisian of th�s Assignment.
<br /> Suc�essars and Ass�gns. Su�ject ta any lim��ations stated in this Assignment on transfer of Grantor's in�erest, this
<br /> Assignment shall �e k�inding upon and inure to the benefit of �he parties, their success�rs and assigns, If
<br /> vwn�rship o�the Pr�perty hecomes �est�d in a person �#her than Gran#or, Len�er� with�ut notice �o Granto�r, may
<br /> deaf with Grantar's successors with r�ferenGe to this Assignment and the lnde�tedness by way of forbearance or
<br /> extensivn without releasing Grantor from the ob�igations of this Assignment❑r liahility under the Indebtedness.
<br /> Tims is of the Essence. Time is of the �ssence in the p�rf�rmance�f this Assignment.
<br /> Waive Jury. All parti�s #o this ►4ssignment hereby waive the right to any jury tria! in any acti�n, praceeding, or
<br /> �ounterclaim br�ught by any party aga�ns#any vthsr party.
<br /> Waiver a� Hvmestead Exemptivn. �rantor hereby releases and wai�es all rights and bene�its �f the hamestead
<br /> exemption la�rvs af the State�f Nebraska as t� all Indebtedness s�cured by this Ass�gnment.
<br /> Vlfaiver of Right of R��iempti�n. N�TW�THSTAN�lNG AN1� OF THE PR�VFSI�NS Ta THE G�NTRARY
<br /> ��NTAINEQ lN TH15 ASSIGNMENT, GRANTaR HEREBY WA�VES ANY AND ALL RIGHT� DF REDEMPTl�N FR�M
<br /> SALE UNDER ANY �RQER �R JVQ�MENT �F F�RECL�SURE �N GRANTDR'S BEHALF AND ON BEHALF �F
<br /> EA�H AN❑ EVERY PERS�N, E?�CEPT JUDGNIENT CRED�T�RS DF GRANTDR, A�QUERING ANY lNTEREST IN QR
<br /> TITLE T�THE PR�PERTY SUBSE�IJENT TQ THE ❑ATE �F THIS ASSIGNMENT.
<br /> QEFINITIQNS. The following capitali�sd words and terms shall have the follawing m�anings when used in this
<br /> Assignment. Unl�ss specifically stated to the contrary, all referenc�s ta doflar amounts shall mean amounts in lawfu!
<br /> money �f the United 5tates of America. Wards and terms used in the singular shal! include th� plural, and the plural
<br /> shaLl includ�the singular, as the �antext may require. Vllords and terms not oth�rwise defined in this Assignment shall
<br /> ha�e the meanings attrihuted t❑such terms in the Uniform Commer�ial �ode:
<br /> Assignment. The wflrd "Assignment" means this ASSfGNMENT �F RENTS, as this ASSl�NMENT�F RENTS may
<br /> be amend�d or modified from time to time, together tirvith al� exhibits and sch�dules attached to this ASSI�NMENT
<br /> DF RENTS from time to time.
<br /> Borrawer. The word "B�rr�wer" means 9D1 Argyle Par�nership.
<br /> D�fault. The word "Default" means the Default set forth in this Assignment in the sectfvn#itled "Default".
<br /> Event af Default. The words "EWent of Default" mean any o�r�he e�ents �f default set farth in this Assignmen� in
<br /> the default se�ti�n af this Assignment.
<br /> Grant�r. The word "Grantor" means 901 Argyle Partnership.
<br /> Guarantar. Th� wo�rd "Guaranto�r" means any guarantor, �ur�ty, or a�commoda�i�n party of any �r alf of th�
<br /> Indebt�dness.
<br /> Guaranty. The ward "Guaranty" means the guaranty from Guarantor t❑ Lender, including without i�rnitation a
<br /> guaranty af all or part of the Note.
<br /> lndebtedness. The w�rd "lndebtedness" m�ans a�E principal, interes�, and other am�unts, C�5�5 and expenses
<br /> payable und�r �he Note ar Related Documents, tagether wi�h aEl renewals of, extensions of, m�dificatians af,
<br /> cons�lidations �f and substitutsons f�r the Nate or Related Documents and any amounts expended �r advanced by
<br /> Lender ta discharge Grantor's obl�gat�ans ar expens�s incurred by Lender ta enforce Grantor's ❑f�ligations under
<br /> this Assignment, together with interest on su�h arnounts as pro�id�d �n this Assignment. Specifically, without
<br /> limitati�n, Indebtedn�ss in�ludes the future adWances set f�rth in the Future Advances pro�rision, together with al�
<br /> interest thereon and all amounts that may be indir�ctly secured by the Gross-Collaterali�atian pr�visian ofi this
<br /> Assignment.
<br /> Lender. The word "Lender" m�ans Nebraska Bank�f Cammerce, l#5 5L1CC�55Or5 and aS51gf15.
<br /> Note. The v�flrd "Note" m�ans the pr�misso�y nate dated April 14, 2a1?, in the �riginal principal am�unt
<br /> Of $�,5�5.0��.�0 from Grantor ta Lender, tagether with all renewals of, extensions of� modificatians of,
<br /> �efinancings of, c�nsolida�ions of, and subs#�tutions for�he pr�missory nflte�r agreement.
<br /> Praperty. The word "Pro�aerty" means all af Grantar's right, �itle and interest in and to all the Property as
<br /> desc�ihed in�he "Ass�gnment" sectian of�his Assignment.
<br /> Related Do�uments. The w�rds "Rela�ed Documents" mean all prflmiss�ry notes, cred�t agreements, I�an
<br /> agreements, enWiranmental agreements, guarant�es, security agr�ements, m�rtgag�s, d��ds of trust, security
<br /> � deeds, coilateral mor�gages, and a!I oth�r instruments, agreemen�s and da�uments, whether now ar hereafter
<br /> �xisting, exe�uted in conn�ction with the �ndebtedness.
<br /> Rents. The w�rd "Rents" means all af Gran��r's present and futur� rights, title and interest in, t❑ and und�r any
<br /> and a!I present and futurs I�asesr �n��uding, without limitat�on, ail rents� revenuel incame, issues, royaities,
<br /> bonuses, accoun#s recei�able,: cash or security deposits, ad�ance renta�s, profi�s and praceeds from the Property,
<br /> and ather payments and b�nefits derived ❑r t� be derived from such leases of�very kind and na�ure, whether due
<br /> now �r lat�r, inc�uding withaut limitation Grantor's ri�ht to enf�r�e such leases and to receiv� and cvllect payment
<br /> and proceeds thereunder.
<br /> THE UNQERSI�NED ACKN�INLE�GES HAV[NG READ ALL THE PROVISI�N� �F TH15 ASS�GNfVIENT. AND N�T
<br /> PERS�NALLY BUT AS AN AUTHDRI�ED 51GNER. HA5 �AUSED THIS ASSIGNfVIENT T� BE SIGNED AND E�CECUTED
<br /> aN BEHALF�F GRANT�R ON APRIL 74, ��'!7,
<br /> THIS A5�1�N1VIENT lS GIVEN UNDER SEAL AND IT �S 1NTENDEQ THAT THIS ASSIGNMENT IS ANQ SHALL
<br /> C�NSTITUTE AND HAVE THE EFFECT QF A 5E►4LE� INSTRUMENT AC��RDING TD LAVIl.
<br /> �
<br />
|