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<br />NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION ASSIGNMENT OF
<br />&WSAAKS LEASESAND RENT
<br />82. 103033.
<br />This Assignmene,
<br />made this - _ 1S_ _ -day_ of Lay. , I9.,&9— by and
<br />."Assignor"), and NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION i1Au*w111.
<br />W/TNESSETH:
<br />. ' It'II was follower:
<br />1- Definitions As used in this Agreement:
<br />A. ort Pge, "steal/ mean that certain Deed of Trust in the principal sum
<br />of$ 'ated , 19�_,
<br />ftecuted by. NER as Trustor, to NORWEST BANK
<br />NEBRASK�q, lO AL /A V, as eneficnry, u $or/ estate and imprommts
<br />described in Exhibit "A'; which is end by this reference incorporated heroin.
<br />rov e e ow
<br />B. "Note "shall mean that certain note secured by the $- 30, 000.00
<br />Deed of Trust, executed Contemporaneously therewith by TRIAD PROPERTIES LIMITED PARTNERSHIP, BY
<br />TRIAD _INVESTMENTS CORPORAEzON. GENERAL PARTNER as maker, and NORWEST BANK NEBRASKA,
<br />NATIONAL A.SSOC/ATI"GZN,,as payee, and secured by the Deed of Trust.
<br />C. "Loan "at hs4inafter used, shall mean the loan in the amount of 130, 000.00
<br />as evi8enced by the note and secured by the Deed of Trust, as well as any other
<br />securing instwmerets
<br />NOW, " THEREFORE, for and in consideration of the making and funding of said Loan, and for
<br />other good and valuable consideration, the receipt whereof is hereby aeknoWedged, Assignor, for iMNf,
<br />- fis successors, persona► representatives, heirs and astipns; has bargained, sold, trinskireal, essiynad;
<br />conveyed, set over and delivered, and by these presents does hereby bargain, sell, transfer, assign, and
<br />convey as security for the repayment of the above described indebtedness and the payment and per-
<br />formance of all of the terms and conditions of the Note and Mortgage evidencing the same, and any
<br />and all amendments, extensions and renewals thereof, all leases now or hereafter executed affecting
<br />the Mortgaged Premises, and all rents, issues, profits and income and sums of money which may now
<br />or hereafter be or become due and owing under and by virtue of sold leases, it being the Intention
<br />hereby to establish a complete transfer and assignment of the leases hereby assigned and all the avrils
<br />thereunder unto the Assignee, its successors and assigns, together with the right, but without the
<br />obligation, to collect all of the said rents, Issues, profits and income arising or accruing, or which may
<br />become due at any time during the life of this Assignment. Assignor further agrees, upon demand
<br />thereof, to, deliver to and deposit said leases with Assignee.
<br />Ass igr.or hereby dWgrzates, apnstitutes,and appoints Assignee, its successors and assigns, with
<br />fuft Povvec of substitattair, its tale and /awful attorney with power for it and in its name, place and
<br />stood, for err the name of Assignee, to ask, demand, collect, receive, receipt and give full and com-
<br />p/ete acquittances for any and all rents, issues; profits and income hereby assigned which may become
<br />due and payable by lessees or other occupants of the Mortgaged Premises, and at its discretion to file
<br />anry"claim or take any other action or proceeding to make any settlement of any claim, either in its
<br />avw name or in the name of Assignor, or otherwise, which the Assignee, or any successor may dorm
<br />4eser816e in order to collect and enforce the payment of any and all rents, issues, profits and income
<br />her+een.assigned. The lessees and occupants.of the Mortgaged Premises, or any part hereof, are hereby
<br />expressly authorized and dfmcted to pay all "rents and sums heroin assigned which would be payable
<br />to Assignor, except for rhis Assignment, to the Assignee, and to transmit and deliver such payment
<br />to the Assignee or such nominee as it may designate In writing, delivered to end received by such
<br />lessee or occupant, who is expressly relieved of any end all duty, liability or obligation to the
<br />Assignor in respect of all payments so made.
<br />Assignee shall be, and hereby is, vested with full power to use all such measures, legal and
<br />equitable, as in its discretion may be deemed necessary or proper to enforce this Agreement and
<br />to col/Pct the rents, issues, profits and Income assigned hereunder, including the right to enter upon
<br />the pr8im4es and to take possession thereof, and Assignor hereby prints full power and authority
<br />ra the Assignee to exereise all rights, privileges and powers herein granted at any and all times here-
<br />0ter, without notice to Assignor, with full power to use and apply all of the rents, issues, profits and
<br />income herein assigned to the payments of any indebtedness or liability of the Assignor to the
<br />Assignee, in such order as Assignee may determine.
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