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200301316
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Last modified
10/15/2011 3:35:09 PM
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10/21/2005 4:02:11 PM
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200301316
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200301316 <br />00000000000000090 <br />ASSIGNMENT OF RENTS <br />Loan No: 6120481383 (Continued) Page 5 <br />remedy or relief that a court of such state could order or grant within the scope hereof and such ancillary relief as is necessary to make <br />effective any Sward. The arbitrator shall also have the power to award recovery of all costs and fees, to Impose sanctions and to lake <br />such other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Fedora] Rules of Civil Procetlure, the <br />applicable State Rules of Civil Procedure, or other applicable law. Judgment upon the award rendered by the arbitrator may be entered in <br />any court having jurisdiction. <br />Discovery. In any arbitration proceeding discovery will be permitted in accordance with the Rules. All discovery shall be expressly limited <br />to matters directly relevant to the Dispme being arbitrated and must be completed no later than 20 days before the hearing date and within <br />180 days of the filing of the Dispute with the AAA. Any requests for an extension of the discovery periods, or any discovery disputes, will <br />be subject to final determination by the arbitrator upon a showing that the request for discovery is essential for the party's presentation <br />and that no alternative means for obtaining information is available. <br />Miscellaneous. To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action required to conclude any <br />arbitration proceeding within 180 days of the filing of the Dispute with the AAA. The resolution of any Dispute shall be determined by s <br />separate arbitration proceeding and such Dispute shall not be consolidated with other disputes or included in any class proceeding. No <br />arbitrator or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for disclosures of <br />information by a party required In the ordinary course of its business or by applicable law or regulation. If more than one agreement for <br />arbitration by or between the parties potentially applies to a Dispute, the arbitration provision most directly related to the documents <br />between the parties or the subject matter of the Dispute shall control. This arbitration provision shall survive termination, amendment or <br />expiration of any of the documents or any relationship between the parties. <br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a pan of this Assignment <br />Amendments. This Assignment, together with any Related Documents, constitutes the entire understanding and agreement of the <br />parties as to the matters set forth in this Assignment. No alteration of or amendment to this Assignment shall be effective unless <br />given In writing and signed by the party or parties sought to be charged or bound by the alteration or amendment. <br />Caption Headings. Caption heading. is this Assignment are for convenience purposes only and are not to be used to interpret or <br />define the provisions of this Assignment. <br />Governing Law. This Assignment will be governed by, construed and enforced in accordance with federal law and the laws of the <br />State of Nebraska. This Assignment has been accepted by Lander in the State of Nebraska. <br />Joint and Several Liability. All obligations of Grantor under this Assignment shall be joint and several, and all references to Grantor <br />shall mean each and every Grantor. This means that each Grantor signing below is responsible for all obligations in this Assignment. <br />Merger. There shall be no merger of the interest or estate created by this assignment with any other interest or estate in the Property <br />at any time held by or for the benefit of Lender in any capacity. without the written consent of Lender. <br />Interpretation. (1) In all Issas where there Is more then one Borrower or Grantor, then all words used in this Assignment in the <br />singular shall be deemed to have been used in the plural where the context and construction so require. 121 If more than one person <br />signs this Assignment as "Grantor," the obligations of each Grantor are joint and several. This means that if Lender brings a lawsuit <br />Lender may sue any one or more of the Grantors. It Borrower and Grantor are not the same person, Lender need not sue Borrower <br />first and that Borrower need not he joined in any lawsuit. (3) The names given to paragraphs or sections in this Assignment are for <br />convenience purposes only. They are not to be used to interpret or define the provisions of this Assignment. <br />No Waiver by Lander. Lender shell not be deemed to have waived any rights under this Assignment unless such waiver is given in <br />writing and signed by Lender. No delay or omission an the part of Lender in ising any right shall operate as a waiver of such <br />right or any other right A waiver by Lander of a provision of this Assignment shall not prejudice or constitute a waiver of Lender's <br />right otherwise to demand strict compliance with that provision or any other provision of this Assignment. No prior waiver by Lender, <br />nor any course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's <br />obligations as to any future transactions. Whenever the consent of Lender Is required under this Assignment, the granting of such <br />unsent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and <br />In all cases such Consent may be granted or withheld In the sole discretion of Lender. <br />Notices. Any notice required to be given under this Assignment shall be given in writing, and shall be effective when actually <br />delivered, when actually received by telef lesimile (unless otherwise required by law), when deposited with a nationally recognized <br />overnight courier, or, if mailed, when deposited In the United States mail, as first class, certified or registered mail postage prepaid, <br />directed to the addresses shown near the beginning of this Assignment. Any party may change Its address for notices under this <br />Assignment by giving formal written notice to the other parties, specifying that the purpose of the notice Is to change the party's <br />atldress. For notice purposes, Grantor agrees to keep Lender Informed at all times of Gmntoi s current address. Unless otherwise <br />provided or required by law, if there Is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice given <br />to ell Grantors. <br />Powers of Attorney. The various agencies and powers of attorney conveyed on Lender under this Assignment are granted for <br />purposes of security and may not be revoked by Grantor until such time as the same are renounced by Lender. <br />Seemability. If a noun of competent jurisdiction finds any provision of this Assignment to be illegal, invalid, or unenforceable as to <br />any person or circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other person <br />or circumstance. If feasible, the offending provision shall be considered modified so that It becomes legal, valid and enforceable. If <br />
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