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<br /> undert�kings on its part to p�erform or discharge any oE the
<br /> terms, covenants or agreeAants cc�ntained in any ot the L�a�es.
<br /> It ia further understood ttsat �his Assignment shall not aperate
<br /> to place responsibi.lity for the control, car�, management Ar
<br /> repaiz of the P.remises, or parts thereof, upon Assignee por r�hall
<br />' it operate to make Assignee liable fox the performance of any of _
<br /> the terms and aonditions of any of the Leases, or .for any waste
<br /> of the premises by the lessoe under anX of the Leases or any
<br /> other party, or for any dangerous or defective condition of the
<br /> Premiaes or fox any negligence in the management, upkeep, repair
<br /> or control of the Premi.ses resultir►g in loss or injury or death
<br /> to any lesaee, ].icsnsee, employ�e or stranger.
<br />- Assignee may take or Yelease other security, may release �ny
<br /> party primarily or seconda�ily liable for any indebtedness
<br /> secured hereby, may grant �xtensions, renewals, °�nYlotherences
<br /> with respact to such inc9ebtedness and may apply
<br /> security therefor held by it to the satisfm�:tion of such
<br /> indebtedness without prcJudice to any of its rights hereunder.
<br /> Assignee may, at i te option, although it shall not be
<br /> obligated so to do, wit2�out notice to or demand on Assignor or
<br /> releasing Aasiqnor from its obligation so to do, perform any
<br /> lease covenant for and an behalf of Assignor and any monies
<br /> expended in so doing sh all be chargeable with interest to
<br /> - Assignor and added to t2te indebtedness secured hereby.
<br /> No action taken by Aseiqnox or Asaignee shall cause or
<br /> permit the estate of any lessee under th� Leases to merge with
<br /> Assignor's reve�elonarY :nte�ps*_:
<br /> Waiver of or acquiescence by Assignee in any default by
<br /> Assignor, or �ailure of Assiqnee to insist upon strict
<br /> performance by Assignor of any w«rranties or agreements in this
<br /> Aseignment, shall not constitute a waiver of any subsequent or
<br /> other default or failure, whether similar or dissimilar.
<br /> The rights and remed ies of Assignse, under this Assignment
<br /> are cumulative and ar� not i�a lieu of, but are in addition to nny
<br /> other rights qr remedies `+hich Assignee shall have under the
<br /> Note, Seourity Conveyance , ox any other instrument constituting
<br /> security for the Note, or at law or in equity.
<br /> If any term of this Aesignment, or the appli.cation ther�eof
<br /> to any person or circu=nstances, shal�, tn any' extent, be invalid
<br /> or unenforceable, the Yemainder of this Assignment, or the
<br /> = application of sucti te Y� to persons or circumstances other than
<br /> those as to which it i s invalid or unenforceable, shall not bo
<br /> — and�enforceableytaatheEf�allestmextentlpermittedeby lawll be valid
<br /> � All notices ta be qiven pursuant to this Assignment shall be
<br /> sufficient if mailed postage prepaid, certified or regist�red
<br /> mail, return receipt requested, as follows:
<br />� AS TO ASSZGNOR: ig�BaSouth�Locust�Street•
<br /> �� Grand Island, Nebraska 68801
<br /> ,�'� Attn: Michael Toukan
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