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2� 17�27�3 AS�IGNMENT �F �ENTS Lo�n Nv: ��1��4�1� {�ontinued� Page 2 AND ALL �BLIGATIDNS DF �RANT4R UNDER THE NaTE. THIS A�5IGNMENT, AND THE RELATED DQCIJMENTS. THIS ASSI�NMENT IS �IVEN ANQ ACCERTED �N THE FDLL�3WING TERMS: �AYMEN�"AND PERFORMANCE. Except as a�herwise pro�ided in this A��ignmen� or any Related Dncuments, GrantQr shall pay to Lend�r all amounts secured by this A�signm�nt as they k��ame due, and shall strictly perfcarm alf of Grant�r's Qbligatians under this Assignment. Unless and until Lender exer�ises its right tv cailect the Rents as p�a�ided below and �n long �s there is n❑ default under this Assignrn�nt, Grantor may remain in posses�ian and cvntral o� and Qperate and man�ge #he Prc�perty and �allec# the Rents, pro�ided that the granting o�the ri�ht to calle�t the Rents shall not constitute Lender's consent to the use af cash Gvllateraf in a bankruptcy proceeding. GRANT�R'S REPR�SENTATl�7NS AND VIdARRANTIES. G�antor warrants that: Qwnership. Grantar is entitled ta recei�e the Rents free and clear of a!I rights, loans, �iens, encumbr�n�es, and ��aims except as disclosed t� �nd a�cepted �y L�nder in writing. Right t❑ Assign. Grantor has th� �ull right, pvwer and autharity to enter into �his Ass�gnment and to ass�ign and can��y the R�nts to Lender. Nv Prior Assignment. Grantar has nvt pre�iously assigned or can�eyed the Rents to any ❑ther person by any instrument now in f�rce. Nv Further Transfer. Grantor will nat se��, assign, encumb�r, �r otherwise dispose a� any ❑f Gr�ntor's rights in the R�nts�xc�pt as pra�ided in this Assignment. LENDER'S R1GHT TD RE�EiVE AND CDLLECT RENTS. Lender shall ha�� th� right at any time, and e�en thaugh na default shall ha�e ❑ccurred under this Assignment, to �ollect and recei�e the Rent�. For this purpvse, Lende� is hereby gi�en and granted the following rights, powers and authority: Nvtice ta Tenants. L�nder may send nvti�es ta any and a!I tenants ofi the Praperty ad�ising them r�� this Assignment and directing all F�ents ta be paid direG�ly t� Lender❑r Lender's a�ent. Enter the Prvp��rty. Lender may �nter up�n and �ak� possessi�n vf the Praperty; ciemand, �flllect and re�ei�e frvm the tenants vr frvm any vth�r �rer�ans liable there��ar, al� of the Rents; institut� and carry ❑n all legal proc�edings necessary for the pr�te�tion vf th� Property, includin� such proceedings as may be n�C�Ssary ta rec��er possession af the Praperty; coliect the Rents and remo�e any tenant ar tenants or nther persons from the Praperty. Maintain the Praperty. Lender may enter upon the Praperty ta maintain the Praperty and keep th� same in repai�; tv pay the �vsts th�revf and af �I� ser�i�es af al� ernployees, incfuding their equipm�nt, and of ali �vntinuing cvsts and expenses of maintaining the Property in pr�per repair and ��ndition, and also to pay all taxes, assessm�nts and water utilities, and the pr�miums vn fire and ather insurance effected by Lender Qn the Prtaperty. Cvmpi`rance with Laws. Lender may dca any and all thinc�s ta exe�u�e and Comply with the iaws o� the 5tate a� Nebraska and also a�� other laws, rufes, orders, ardinances and r�quir�ments of a�! other go�et�nmen�al agencies atfe�ting the Prvperty. Leas�the Prap�rty. Lender may rent or leas� the vr�hofe �r �ny part of the P�aper�y for such term or terms and on such �onditions as L�nder rnay deem appropriate. Emplay Agents. l�end�r may engage such agent ❑r agents as Lender may de�m apprQpriate, either in Lender's name❑r in Grantar's nam�, ta rent and manage the Prflperty, includinc� �he collec�ion and applicatir�n of Rents. Qther Ac#s. Lender may do all such ❑ther things and acts �rvith respect t❑ the Proper-ty as Lender may d�em appropriate and may act exclusi�e�y and sof�ty in the plac� and st�ad of Grantor and ta ha�e all vf the pawers of Grantvr for the purposes stated aba�e. No R�quirement to A�t. Lender shall nvt be require� to do any �f the foregaing acts ar things, and the fact that Lender shall ha�e perfvrmed ane ar rnare of the foregving acts ar things shali not require Lender to dv any ❑ther speG�t�c act vr thing. APPLiCATI�N �F RENTS. A�4 costs and �acpenses incurred by Lender in conn�ctivn wi�h the Praperty sh�l1 be far �rantvr's a�caunt and Lender may pay such C�5�5 and expenses from the ftents. Lender, in its sole discretian, shali det�rmin� the applica�ion of any and all Rents recei��d by it; hawe�er, any such R�n�s recei�ed by Lender which are nat �pplied t� such cvsts and expenses shall be app�ied to the Indebtedness. AII eacpenditures made by Lender under this Assignment and nat reimbursed fram the Rents shaii hecome a �art of the lnde�tedness secured hy this Assignrnent, and shall be Rayable�n demand, with interest at the Not� rate fram date❑f expenditure untii paid. FULL PERF�R1VlANCE. If Grantor pays all af the Indebtedness when du� and ❑therwise performs all the ❑hfigations impased upon Grantor under this Assignment, the Note, and the f�elated Documents, Lender shall execute and deli�er to �rar�tor a suitab�e satisfaction nf this Assignment and suitable statements vf termination �f any f+nancing statem�nt �n file e�idencing Lend�r's se�uri�y int�r��t in the F�ents and the Praperty. Any termination f�e required by law Shall he paid by Grantor, it�ermitted by ap�iicable law. LENDER'S E�CPENDITURES. If any action ar Rra�eeding �s cammen�ed that wauld materially af�ect L�nder's interest in the Property ar if Grantor fails�o Gomply with any pr��ision of this Assignment or any Related C3acuments, in��uding but not limited to Grantor's tailure to d�s�harg� �r pay when due any amounts Grantor i� requir�d to dis�h�rge ar pay under this Assignment or any Re�at�d D��uments, Lender �n �rantar's hehalf may {but �hall not be obligated ta� take any