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200400544
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Last modified
10/16/2011 11:28:59 AM
Creation date
10/20/2005 11:03:40 PM
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DEEDS
Inst Number
200400544
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200400544 <br />of the Leases; (iii) renew or extend the term of any of the Leases unless an option <br />therefor was originally reserved; (iv) accept any payment of rent for more than one <br />month in advance of its due date; or (v) consent to any subletting (or further <br />subletting) of any part of the Real Property and/or Personal Property, or to any <br />assignment (or further assignment) of any of the Leases by the lessee thereunder. <br />13) Any breach of or default in any of Borrower's obligations, covenants, representations <br />or warranties under this Assignment shall also constitute a default under any and all <br />of the Secured Obligations. <br />14) Upon the payment of all sums owing under the Secured Obligations and upon written <br />request by Borrower, this Assignment, except for paragraph 7 hereof, shall terminate <br />and all the right, title, estate and interest of Lender in and to the Real Property and <br />Personal Property shall revert to Borrower. <br />15) Except for any notice required under applicable law to be given in another manner, <br />any notice provided to Borrower or Lender under this Assignment shall be given by <br />certified mail at the address set forth above and shall be effective upon mailing. If <br />Borrower is more than one person and/or entity, notice sent to the address set forth <br />above shall be notice to all such persons and /or entities. <br />16) This Assignment shall be binding upon, and inure to the benefit of, the respective <br />successors and assigns of Borrower and Lender and all future and subsequent owners <br />of all or any portion of the Real Property and Personal Property. <br />17) This Assignment shall be governed by the laws of the State of Nebraska. <br />IN WITNESS WHEREOF, the parties have executed this Assignment as of the date <br />written above. <br />Quinn Properties, Inc. <br />f <br />4Reyno-/rds, B By- <br />oland E. ;S2etary <br />By: By: <br />LOW <br />Signature for Lender <br />Gail Brummund, Vice President <br />Assignment of Leases and RentsQUINN.doc 4 of 5 <br />
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