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ASSIGNMENT <br />No: 8530848342 OF�'RENTS 20020453 !� Page 4 <br />Governing Rules. Any arbitration proceeding will (i) be governed by the Federal Arbitration Act (Title 9 of the United States Code), <br />notwithstanding any conflicting choice of law provision in any of the documents between the parties; and (ii) be conducted by the <br />American Arbitration Association ( "AAA "), or such other administrator as the parties shall mutually agree upon, in accordance with the <br />AAA's commercial dispute resolution procedures, unless the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, <br />arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA's optional procedures for large, <br />complex commercial disputes (the commercial dispute resolution procedures or the optional procedures for large, complex commercial <br />disputes to be referred to, as applicable, as the "Rules "). If there is any inconsistency between the terms hereof and the Rules, the terms <br />and procedures set forth herein shall control. Arbitration proceedings hereunder shall be conducted at a location mutually agreeable to the <br />parties, or if they cannot agree, then at a location selected by the AAA in the state of the applicable substantive law primarily governing <br />the Credit. Any party who fails or refuses to submit to arbitration following a demand by any other party shall bear all costs and expenses <br />incurred by such other party in compelling arbitration of any Dispute. Arbitration may be demanded at any time, and may be compelled by <br />summary proceedings in Court. The institution and maintenance of an action for judicial relief or pursuit of a provisional or ancillary remedy <br />shall not constitute a waiver of the right of any party, including the plaintiff, to submit the controversy or claim to arbitration if any other <br />party contests such action for judicial relief. The arbitrator shall award all costs and expenses of the arbitration proceeding. Nothing <br />contained herein shall be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. 091 or any <br />similar applicable state law. <br />No Waiver of Provisional Remedies, Self -Help and Foreclosure. The arbitration requirement does not limit the right of any party to li) <br />foreclose against real or personal property collateral; (ii) exercise self -help remedies relating to collateral or proceeds of collateral such as <br />setoff or repossession; or (iii) obtain provisional or ancillary remedies such as replevin, injunctive relief, attachment or the appointment of a <br />receiver, before during or after the pendency of any arbitration proceeding. This exclusion does not constitute a waiver of the right or <br />obligation of any party to submit any Dispute to arbitration or reference hereunder, including those arising from the exercise of the actions <br />detailed in sections (i), (ii) and (iii) of this paragraph. <br />Arbitrator Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is $5,000,000.00 or less will be <br />decided by a single arbitrator selected according to the Rules, and who shall not render an award of greater than $5,000,000.00. Any <br />Dispute in which the amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators; <br />provided however, that all three arbitrators must actively participate in all hearings and deliberations. Every arbitrator must be a practicing <br />attorney or a retired member of the state or federal judiciary, in either case with a minimum of ten years experience in the substantive law <br />applicable to the subject matter of the Dispute. The arbitrator will determine whether or not an issue is arbitratable and will give effect to <br />the statutes of limitation in determining any claim. In any arbitration proceeding the arbitrator will decide (by documents only or with a <br />hearing at the arbitrator's discretion) any pre- hearing motions which are similar to motions to dismiss for failure to state a claim or motions <br />for summary adjudication. The arbitrator shall resolve all Disputes in accordance with the applicable substantive law and may grant any <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 award. The arbitrator shall also have the power to award recovery of all costs and fees, to impose sanctions and to take <br />such other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil Procedure, 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 Dispute 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 a <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 part 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 headings in 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 Lender-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 cases where there is more than 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. (2) 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. If Borrower and Grantor are not the same person, Lender need not sue Borrower <br />