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2� 1 7�271 7 ASSI�NMENT �� RENTS Loan N�: 7�7��4�94 �C�ntinued� Pag� � THlS ASSIGNi1JiENT �S GIVEN T� SECUR� ('I f PAYItiJIENT aF THE INDEBTE[]NESS AND �� PERF�RNiANCE �F ANY AND ALL �BL�GATl�NS ❑F B�RR�INER AND CRANT�R UNDER THE N�TE, 7HiS ASSIGNMENT, AN� THE RELATED D�CUMENTS. THIS ASSlGNIV�EMT IS G�VE[I�AND A��EPT�D U�11 THE F�LL�VIISN�TERN�S: GRANT�R'S IJUAIVERS. Grantor wai�es a11 righ�s or defens�s arising hy reason v�f any "ane ac�ian" or "an'�i-defEciency" law, ar any ather la� vUhi�h may �re�en� Lend�r #rtim bringing any a�tion agatnst �ran�or, i�c�uding a cla�m #�r d��iciency to the ext�nt Lender is other►nrise ent�tled to a c�aim for de�iciency, befvre or after Lender's commencement o�comp�e�ion o�any f�reelvsure action. either judicia�iy ar by exercise o�a power vf sale. � B�Rl��1JVER'S WA[VERS AND RESP�3NSlBILITIES. Lender need nvt #el! Barrower abvut any a��Eon or inactivn Lender takes in con�e��ian wi�h �his Ass�gnment. Bvrrawer assumes �he respvnsibility ��r being and keep�ng�informed abou� the Property. Svrrower vuai�es any defienses that may arise because a� any ac�ivn or ir�action af Lender� including wEthout [imita�ian any failure of Lsnder tv realize upvn the Pr�perty, or any delay by Lende� in reaEi�ing up�n the Property. gorrower agrees tv remain Iiable under�he N��e with Lender nv mat'�er whafi aC�ian Lender ta�es or fas�s tv �ake under�his Assignment. PAYMENT AND PERF�R�1JlANCE. Except as otherwise pro�ided in �his Assignment or any Related ❑acuments, Gran�or sF�a�[ pay to Lender a�f amoun�s secured by this Assig�ment as �hey become due, and shall stri�tFy per#orm al[ of Gran�or's v�ligations under�his Assignment. Un�ess and until Lender sxe�cises i�s right ta call�ct the Rents as pro�ided belaw and so lang as there is na defau['t under this Assignment. Gran��r may remain in possession and cantrol vfi and aperate and manage�he Praperty and cvllec�the Ren�s, pro�ided that�he gran�ing n��he righ�ta �olle��the I�ents shall not constitu�e Lender's �onsent ta the use❑f cash �olla�e�al in a hankruptcy proceeding. GRANT�R'S REPRESENTATI�NS AND VIIARRANTIES. Gran�or warrants tha�: Qwnarsh�p. �ranto� is entit4�d tfl receive �he Ren�s free and c�ear v� af� righ�s, 1�ans. li�ns, encumbrances, and claims exc�pt as disciosed t� and ac�epted �y Lender in writing, Right to Ass�gn. ��anto� has �he #ull right, power and au�har�ty tv en�er in�o this Assignment and tv assign and con�ey�he Rents to Lender. �o Pr�or Assignment. ��antar has not pr�viaus4y assigned or conWeyed the Re��s to any ather person by any instrument now in force. No Fur�h�r Trans#er. Grantar wiIl n�t sell, assign, en�umber, or vth��vrrise dispase o�any o�Gra�tar's rfgh�s in�he Rents excep'�as p�v�ided in this Assignmen�. LEN�ER'S RIGHT T� RE�EIVE AND C�3LLECT RE�TS. Lender sha�l haWe t�e �ight a�t any time� �nd eWen though no de�auft sha!! ha�e vccurred under this Assignmen�, �o �ollect and recei�e the Rents. For�his purpase, Lender is hereby gi�en and granted the follvwing rights, powers and authority: Natice tv Tenants. Lender may send not�ces t� any and all �enants ❑f the Property ad�ising �hem �f this Assignment and directing aII Rents�v�e paid dir�ctly�a Lender or Lender's agent. En�er�he Proper�y. Lende� may er��er upon and take possession of the Property; demand, col[ect and recei�� from �he tenants vr trom any ather persons liahie there�or, ali of�h� R�nts; ins�i�u�e and carry an a�� lega! proceedings necessary �or the pratec�ian o� thE Proper�y, in�luding such p�o�eedings as may be necessary to re�a�er pvssessian o�the Proper�y; calf�c��he Rents and remove at�y tenan�or tenants❑r a�her persons from the Proper#y. �ain�ain�he Property. Lende� may enter upon the Proper�y t� main�ain�re Praperty and keep'the same in repair; �o pay�he casts �hereof and o�aIl s�rWices ❑f ali employees. inc�uding �heir equipment, and of all cfln�inuing c�s�s and expenses of maintaining the Prope��y in proper repaFr and c�ndi��on, and also to pay all�ax�s, assessments and water u�ilities, and the premiums an�ire and athe�insurance eff�cted by Lender on�he Property. Compliance with Laws. Lender may d❑ any and a�� things ta execute and cvrnply wi�kh �he lavus of the State a� Nebraska and a�sv all other laws, rul�s, ❑rde�s, ordinances and requirements af all a�her gv�ernmentai agencies af�eGting the Proper�y. Lease the Property. L�nder may ren��r lease the whole or a�y pa��of th� Property#or such term ar terms and on such condi�ivns as Lender may deem appropriate. Emp�oy Agents. Lender may engage su�h agent or agen#s as Lender may deem apprapriate, either in Lender's name or in Grantvr's name,�a rent and manage the Pr�perty, including�he collection and applica�ivn❑f Rents. Dther Ac#s. Lender may do all such other �hings and acts with respect ta the Praperty as Lender may d�em appropriate and may ac�exGlusively and sole�y in the p�ace and stead �t Grantor and to have al1 of the pawers a� Grantar�or th�purposes s�at�d abo�e. No Requirement to Act. Lender shall nat be required '�o do any af�he �ar�going ac�s or things, and �he fact that Lender shall ha�e perfarmed on� vr mar� of the faregoin� acts vr �hings shal� nafi require Lendec to do any other specific aG�o��hing. APPL[CATI�N �F RENTS. A�� costs and e�cpenses incurred by L�nder in canneGtion with t[�e Property shall be �ar Granto�'s accaun� and Lender may pay such cos�s and expenses #ram �he Ren#s. Lend�r, in its sole discretion, shalE de�ermine the applica�ion of any and ail Rents recei�ed by it, howe�er, any such Ren�s r�cei�ed by Lender which are not app�ied �co su�h cvsts and �xpenses shall be applied to the Indeb'tedness. All expendifiures mad� by Ler�der unde�