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. 99 1 �0578
<br /> . 12. Borrower warrants and represents that Borrower shall not further pledge, transfer, mortgage or otherwise encumber or assign any of
<br /> said leases, rents, issues and profits; shall not waive, excuse, discount, set-off, compromise, cancel, terminate, surrender, or in �ny manner
<br /> release or discharge lessees of or from, any obligations, covenants, conditions and agreements of lessees under said leases (including the
<br /> obligation to pay the rents under said leases) nor modify, or in any way alter the terms of said leases; shall not renew or extend the terms of
<br /> said leases unless an option therefore was originally so reversed; shall not accept any payment of rent for more than one month in advance
<br /> of its due date; shall not consent to any subletting of any part of the Real Property andlor Personal Property, or to any assignment of leases
<br /> by the lessee thereunder or to any assignment or further subletting of any sublease, without the prior written consent of the Lender.
<br /> 13. Any breach of or default in any of Borrower's obligations, covenants, representations or warranties herein shall also constitute a
<br /> default under any and all notes, mortgages, deeds of trust, security agreements and any other documents and instruments executed by
<br /> Borrower in favor or for the benefit of Lender.
<br /> 14. Upon the payment of ail sums owing now and in the future by Borrower to Lender and upon written request by Borrower, this
<br /> Assignment, except for paragraph 7 hereof, shall terminate and all the right, titie, estate and interest of the Lender in and to the Real Property
<br /> and Personal Property shall revert to Borrower.
<br /> 15. Except for any notice required under applicable law to be given in another manner, any notice provided under this Assignment shall
<br /> be given by mailing such notice by certified mail addressed to the other parties, at the address set forth above. Any such notice shall be
<br /> effective upon mailing in the manner designated herein. If Borrower is more than one person and/or entity, notice sent to the address set
<br /> forth above shali be notice to all such persons and/or entitles.
<br /> 16. This Assignment shall be binding upon, and inure to the benefit of, the respective successors and assigns of Borrower and Lender
<br /> and all future and subsequent owners of all or any portion of said Real Property and Personal Property.
<br /> 17. This Assignment shall be governed by the laws of the State of Nebraska.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment as of the date written above.
<br /> The Overland National Bank of Grand Island, Lender
<br /> . onroy
<br /> T��e: Vice President
<br /> � �
<br /> i`� �"'�
<br /> C. L TE
<br /> . ,
<br /> �
<br /> B�«�w � o f . PI t 4 •
<br /> /' , "� �
<br /> � rZ � r� L-C'_.
<br /> Bo��awe� annice R. Plate `
<br /> STATE OF Nebraska
<br /> COUNTY OF Hall � ss:
<br /> The foregoing fnstrument was acknowledged before me this 29th day of October , 1999 by
<br /> Max L. Conroy tne Vice President or
<br /> The Overland National Bank of Grand Island , a ivebraska Corporation,
<br /> on behalf of the corporation.
<br /> GENERAL NOT�g�o�Nmbraska
<br /> III NATALIE KEASCliALL
<br /> otary ublic
<br /> MY Comm.Exp.March 19,204p
<br /> STATE OF Nebraska
<br /> � ss:
<br /> COUNTY OF Hall I
<br /> The foregoing Assignment of Leases and Rents was acknowledged before me this 29th day of October ,
<br /> 1999 by Rudolf F. Plate and Jeannice R. Plate , HUSBAND AND WIFE, AND TIM C. PLATE, AN
<br /> UNMARRIED PERSON.
<br /> . ..�...�_. Q
<br /> �GF�Efi�.l NUTARY•State of Nebraska
<br /> —�,��' ('iATALIE K�ASCHALL Nour Pub��c
<br /> ��� � My Cc�mm.EzQ.March 19,2000
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<br /> F113B5.LM0 (8/9B) Pags 3 of 4
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