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200407224
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200407224
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Last modified
10/16/2011 6:46:00 PM
Creation date
10/21/2005 2:53:12 AM
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DEEDS
Inst Number
200407224
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200407224 <br />A. Rents. Lender may terminate Assignor's right to collect Rents and directly collect and <br />retain Rents in Lender's name without taking possession of the Property and to demand, <br />collect, receive, and sue for the Rents, giving proper receipts and releases. After <br />deducting all reasonable expenses of collection, including but not limited to any legal <br />fees, from any collected and retained Rents, Lender may apply the balance as provided <br />for by the documents evidencing or collateralizing the Secured Debts. <br />B. Entry. Lender may enter, take possession, manage and operate all or any part of the <br />Property; make, modify, enforce or cancel or accept the surrender of any Leases; obtain <br />or evict any tenants and licensees; increase or reduce Rents; decorate, clean and make <br />repairs or do any other act or incur any other cost Lender deems proper to protect the <br />Property as fully as Assignor could do. <br />6. TERM. This Assignment will remain in full force and effect until the Secured Debts are paid or <br />otherwise discharged and Lender is no longer obligated to advance funds under any loan or credit <br />agreement, which is a part of the Secured Debts. <br />7. MISCELLANEOUS. This Assignment is governed by the laws of Nebraska, except to the extent <br />otherwise required by the laws of the jurisdiction where the Property is located, and the United States of <br />America. Each Assignor's obligations under this Assignment are independent of the obligations of any <br />other Assignor. Lender may sue each Assignor individually or together with any other Assignor. Lender <br />may release any part of the Property and Assignor will still be obligated under this Assignment for the <br />remaining Property. The duties and benefits of this Assignment will bind and benefit the successors and <br />assigns of Lender and Assignor. This Assignment may not be amended or modified by oral agreement. <br />No amendment or modification of this Assignment is effective unless made in writing and executed by <br />Assignor and Lender. This Assignment is the complete and final expression of the agreement. If any <br />provision of this Assignment is unenforceable, then the unenforceable provision will be severed and the <br />remaining provisions will still be enforceable. <br />8. SIGNATURES. By signing, Assignor agrees to the terms and covenants contained in this <br />Agreement. Assignor also acknowledges receipt of a copy of this Assignment. <br />STATE OF Nebraska <br />) ss. <br />COUNTY OF Lancaster <br />The foregoing instrument was acknowledged before me this 15th dOV July, 2004, by William <br />D. Livengood of Business Properties of Nebraska, LLC on behalf of said i L' ility Company. <br />111 GENERAL NOTARY-State of Nebraska Notary <br />JOHN S. LAFLIN <br />My Comm. Exp. Dec, 27, 2004 <br />6 <br />
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