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200408115 <br />contract rights, general intangibles, and all rights and claims which Assignor may have that in any way <br />pertain to or are on account of the use or occupancy of the whole or any part of the Property. <br />In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also <br />be regarded as a security agreement. Grantor will promptly provide Lender with copies of the Leases and will <br />certify these Leases are true and correct copies. The existing Leases will be provided on execution of the <br />Assignment, and all future Leases and any other information with respect to these Leases will be provided <br />immediately after they are executed. Grantor may collect, receive, enjoy and use the Rents so long as Grantor <br />is not in default. Grantor will not collect in advance any Rents due in future lease periods, unless Grantor first <br />obtains Lender's written consent. Upon default, Grantor will receive any Rents in trust for Lender and Grantor <br />will not commingle the Rents with any other funds. When Lender so directs, Grantor will endorse and deliver <br />any payments of Rents from the Property to Lender. Amounts collected will be applied at Lender's discretion to <br />the Secured Debts, the costs of managing, protecting and preserving the Property, and other necessary <br />expenses. Grantor agrees that this Security Instrument is immediately effective between Grantor and Lender <br />and effective as to third parties on the recording of this Assignment. As long as this Assignment is in effect, <br />Grantor warrants and represents that no default exists under the Leases, and the parties subject to the Leases <br />have not violated any applicable law on leases, licenses and landlords and tenants. Grantor, at its sole cost and <br />expense, will keep, observe and perform, and require all other parties to the Leases to comply with the Leases <br />and any applicable law. If Grantor or any party to the Lease defaults or fails to observe any applicable law, <br />Grantor will promptly notify Lender. If Grantor neglects or refuses to enforce compliance with the terms of the <br />Leases, then Lender may, at Lender's option, enforce compliance. Grantor will not sublet, modify, extend, <br />cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leases (unless the <br />Leases so required) without Lender's consent. Grantor will not assign, compromise, subordinate or encumber <br />the Leases and Rents without Lender's prior written consent. Lender does not assume or become liable for the <br />Property's maintenance, depreciation, or other losses or damages when Lender acts to manage, protect or <br />preserve the Property, except for losses and damages due to Lender's gross negligence or intentional torts. <br />Otherwise, Grantor will indemnify Lender and hold Lender harmless for all liability, loss or damage that Lender <br />may incur when Lender opts to exercise any of its remedies against any party obligated under the Leases. <br />14. DEFAULT. Grantor will be in default if any of the following occur: <br />A. Payments. Grantor fails to make a payment when due. <br />B. Other Events. Anything else happens that causes Lender to reasonably believe that the prospect of <br />payment, performance or realization of the Property is significantly impaired. <br />15. REMEDIES. Lender may use any and all remedies Lender has under state or federal law or in any instrument <br />evidencing or pertaining to the Secured Debts, including, without limitation, the power to sell the Property. Any <br />amounts advanced on Grantor's behalf will be immediately due and may be added to the balance owing under <br />the Secured Debts. Lender may make a claim for any and all insurance benefits or refunds that may be <br />available on Grantor's default. <br />Subject to any right to cure, required time schedules or any other notice rights Grantor may have under federal <br />and state law, Lender may make all or any part of the amount owing by the terms of the Secured Debts <br />immediately due and foreclose this Security Instrument in a manner provided by law upon the occurrence of a <br />default or anytime thereafter. <br />If there is a default, Trustee will, in addition to any other permitted remedy, at the request of the Lender, <br />advertise and sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash. <br />Trustee will give notice of sale including the time, terms and place of sale and a description of the Property to <br />be sold as required by the applicable law in effect at the time of the proposed sale. <br />To the extent not prohibited by law, Trustee will apply the proceeds of the Property's sale in the following <br />order: to all fees, charges, costs and expenses of exercising the power of sale and the sale; to Lender for all <br />advances made for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon; <br />to the Secured Debts' principal and interest; and paying any surplus as required by law. Lender or its designee <br />may purchase the Property. <br />Upon any sale of the Property, Trustee will make and deliver a special or limited warranty deed that conveys the <br />property sold to the purchaser or purchasers. Under this special or limited warranty deed, Trustee will covenant <br />that Trustee has not caused or allowed a lien or an encumbrance to burden the Property and that Trustee will <br />specially warrant and defend the Property's title of the purchaser or purchasers at the sale against all lawful <br />claims and demand of all persons claiming by, through or under Trustee. The recitals in any deed of <br />conveyance will be prima facie evidence of the facts set forth therein. <br />RTS Business Holdings Inc. <br />Nebraska Deed Of Trust Initials <br />IL/ 4Xrollika00704400004 1 600 1 008 1 204Y ©1996 Bankers Systems, Inc., St. Cloud, MN Ems" Page 4 <br />I <br />