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<br /> � ASSIGNMENT OF LEASES AND RENTS 91._1 U 8 5 8 4 � ���'�
<br /> 2Qth de �ecember _ 19�`l._.,.. ' �
<br /> THIS ASSI(iNMENT,mede thi� Y o� � . '�r:�._±�i�
<br /> by Michael R. Flodm��n and Debra L. _Flodman� husband nnd wife _- • a
<br /> � � 3981 Reutinq Road Grand Island, NF 68803 .: ,;
<br /> res�dinp al or hevmg an oiflce at ..__ _--�-� � ----- --- --- --- � � •
<br />� � (herein called"Assignor"),to Firslfer Benk,Natlonal Assocfatfon,Omaha,Nebraska havinQ
<br /> its prinaipal oHlce at Omaha,Neb►eske(herefn called"Aasignee"►,
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<br /> � ' WITNESSETH: °t� :
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<br /> ! FQR VALUE RECEIVED,Assignor hereby grants,transfers and essigns to the Assignee all of the righL Gt1e and
<br /> . interest of Assiynor in and to any and al l leases and other tenencies now or hereafte►mede on or with respect W the real esta4e .�;;'
<br /> f ' , �..
<br /> � � Hall Countv N h�+ r�,Gk-� 811d RWfe�IGCU�ai�ly dASCfI� ���'
<br /> � located In • ^.,,..
<br /> � i�Schedule A hereot,which real estate st�all be referred to hereinafler es"Premises".�ncluding,but not limited tothet ceRein ,
<br /> ; Lease or those certeln leases,with modifiCaliona,lf eny,descrfbed in Schedule 9 hareol,covefing the Premises;togetherwith . ;��
<br /> • (1)any and ao�e�ctensions or renewals thereol.(2)eny end all guaram�tees of the Lesee's obtigaiions under any thereof and .
<br /> under any and ai1 extensions or renewals ot any thereof,and(3)all zc�mts,issues,prolits,revenues,deposits,eamest money �
<br /> payments,nghts and beneflts now or her�eafter arislnfl trom such leasa and tenancies or for the use end accupanay of the
<br /> p�emises,and any And all extensions and renewals thereof.Said leases end tenancies or other use of the Premises together . � •
<br /> with an�r and all guarantees,moditications,extenaions,and renewals thereot shall be sometimes hereineRer refeRed to asthe �^
<br /> ,.Lease'or"Leases": .
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<br /> � FOR THE PURPOSE OF S�GURING: �,��,'�
<br /> ONE: Payment end performance of each end every debt,liabflity and obligaUon of everytype end descrf Uon
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<br /> ' which Asslgnor may now or anylfine herea(ter owe to Assignee,includfng,but not limited to,the indebfedness of Ass�ynor }
<br /> � secursd by thal certain mertgege or deed of truat made by the Assognor to the Assignee deted 12-20 ,19 91 , �
<br /> and recorded m+'1�be recorded at or prlor ta the recording of this Assagnment,or any other mortgege or deed ofi t►ust herea� •
<br /> , covering the wh��e or any pert of the PremisFS,(whelher such debt,lia�billy,or obllgatfon now exlsts or Is hereaiter create��
<br /> incurred ancE whether It ia or may be dire�i�or�ndirect,due or to become due,absolute or cont,n�ent,prlmary or secondary,
<br /> � � lequsdated or unliquideted, or joint, several, ar Jol�t a�nd several, all such debts,IiaWllBes aaal obli�atiares being herein �
<br /> coilectivey rete�red to somerimes es the"Obligatians'1:and
<br /> TifVa: Pe�formance anci a,s�narge of eacn and e�rery uuKyai�on, cavanar�: a�d agreemcnt o! Asefgn�r
<br /> � conteined herein or in a�y such mortgege or deed of trust or any note or bond secured there�y,a in any obliyation or any
<br /> . { secu�ing document given in connection wfth any of the Obllyetions secured hereby.
<br /> ' � A. TO PROTECT THE SECURITY OF THIS ASSI(iNMENT ASSI(3NOR AGREES,WITH RESPECT 70 EACH
<br /> ,' � LEASE:
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<br /> • 1. To taithtully abide by,peAorm and dtscharge each an�i every obNgation,covenant and agreement of the Lease
<br /> • , . � �y�Lessor to be peAormed,to give prompt notfce to iheAssignee of any notice ot delaull on the part of Assignor wlth respect to
<br /> ' ' t�ne Lease received trom Lessee or guerantor,together wiih an accurate and complete copy of any such notice;at the sole Coat
<br /> � and expense of Assignor, to enforce or secure the peHormance o1 each and every abligatlan,covenent, condfNon and
<br /> � agreement oi the Lease by the Lessee to t+e�e�lormed;not to modly or in any wey alter the terms of the Lease;notto terminate �
<br /> the term af the Lease and not to accept a surrender ot the rents thereunder or to waive,excuse,condone or i�any man�er
<br /> ' release or discharge the Lessee thereunder trom the obligations,covenants,condiffons and agreements by the Lessee to be
<br /> performed,fncluding the obllgation to pay the rental called lor thereunder in the manner and at the plece and time speciffed
<br /> ' therefn,end Assignor does by these presents expressly release,relinquish and surrender unto the Assignee all Assignor's _
<br /> � rfght,power and euthority to modi(y or in any wey alter the terms or provlsions of the Lease,or to terminete the term or aCCept a
<br /> isurrender thereof,and any attempt on the part ot the Assigno�to exarcise any such right without the written autho�iry and
<br /> , consent of the Assignee thereto bemg lirst had and obtained ahall constitute a Detault o1 the terms hareof, as deflned
<br /> �, � hereinafter,entitling the Assfgnee to dec�are all sums secured hereby Immediately due and payable.
<br /> ; 2. At Assignor's sole cost and expense to appear in and defend any action or proceeding arising under,growing
<br /> i ouQ of or in any manner connected w�th the Lease��the obl�gaUOns,duUes or I�abdit�es ot Lessor,Lessee or guarantor
<br /> thereunder,and to pay all costs and ex�enses of the Assignee.�^ceuding attorney's fees m a reasonable sum,in any suCh
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<br /> i action or proceeding m which the Ass��ree�n►ay appear
<br /> � � 3 Tnat shcr;yr�Qas,g�a�4a`ta�r^aFe an�Gayment ur to do any act�s herem provided,then the Assignee,but
<br /> :•r w�thout obl�gatccn so to do and without rot�ce to or 1sR�and on Assignor,and w�thout releasing Ass�gnor trom any obligation
<br /> � Rereol,may make or do Ihe same m such manner and to such extent as the Assignee may deem necessary to protect the
<br /> securlty hereot,includ�ng specificalty.w�thout I�mding its generai powers,the right to appear in and defend any actlon or
<br /> proceeding purpohing to aBect the secur�ty hereof or the rights or powers ol the Assignee,and also the right but not the dury to
<br /> j pe�lorm and d�scharge each and avery obl�gation, covenant and agreement of Lessor in the Lease conteined; and in
<br /> S ' .,,.e....e:.,..o.,�n���n r,.,wwrc tn nav nwc:essnrv costs and exnenses.emolov counsel and incur and pay reasonable attorney'S
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<br /> t 4 To pay immediately upon demand all sums expended by the Assignee under the authonty hereot,together wdh
<br /> ' interest thereon A1 the h�ghest rale set forth in any ot the Obl�gatiuns secured hereby,and the same shall be added to the
<br /> , clhlioations and shall be secured hereby and by the s�3id mortgage or deed of trust
<br /> i5 That Ass�gnor wdl not transler or convey to the Lessee the fee t�tf�to 1he dem�sed Premis�s,or any part thereof,
<br /> � unl�ss the Lessee nssumes in writing and agrees to pay thv debt secured hereby��accordance w�th the terms.covenants and
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<br /> condiUons ol the said note or bond secured by sa�d mortgage or deed ol Irust.
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