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ASSIGNMENT OF RENTS
<br />200206223
<br />Loan No: 3612493505 (Continued) Page 5
<br />consent by Lender it) 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 Assiynmonl shall be given writing, and shall be effective when actually
<br />delivered, when actually received by tilefacsincle (unless otherwise required by law), when deposited with a nationally recognized
<br />ernight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail peerage 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 />address. For notice purpases, Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise
<br />provided or required by law, IY there is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice given
<br />to all Stanford.
<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 lama are renounced by Lender.
<br />Sen.ordshi If a court of competent lurceiduan finds any provision of this Assignment to be illegal, invalid, or unenfomeable as to
<br />any circumstance, that finding shall not make the offending provision illegal, invalid, o unenforceable as to any other circumstance. If
<br />feasible, the offending pmyleid. shall beconsidered modified so that It becomes legal, valid and enforceable. If the attending
<br />provision r. nnot be so modified, it shall be c nsidered related from this Assignment. Unless otherwise required by law, the Illegality,
<br />invalidity, o unenforceability of any provision of this Assignment shall not affect the legality, validity or enforceability of any other
<br />provision of Nis Assignment.
<br />Successors and Assigns. Subject to any limitations stated in this Assignment on transfer of Grantor's interest, this Assiynntent shall
<br />be binding upon and inure to the benefit of the parties, unit .Successors and assigns. If ownership of the Property becomes vested in
<br />a person ether than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with reference to this Assignment
<br />and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Assignment or liability
<br />under the Indebtedness.
<br />Time is of the Essence. Time is of the essence In the performance of this Assignment.
<br />WAIVER OF HOMESTEAD EXEMPTION. Grantor hereby releases mid waves all rights and benefits of the homestead exemption laws of
<br />the State of Nebraska as to all Indebtedness secured by this Assignment. l
<br />WAIVER OF RIGHT OF REDEMPTION. NOTWITHSTANDING ANY OF TIE PROVISIONS TO THE CONTRARY CONTAINED IN THIS
<br />ASSIGNMEN I. GRANTOR HEREBY WAIVES ANY AND ALL RIGHTS OF REDEMPTION FROM SALE UNDER ANY ORDER OR JUDGMENT
<br />OF FORECLOSURE ON GHANTOR'S REHATF AND ON BEHALF OF EACH AND EVERY PERSON, EXCEPT JUDGMENT CREDITORS OF
<br />GRANTOR, ACQUIRING ANY INTEREST IN OR TITLF TO THE PROPERTY SUBSEQUENT TO THE DATE OF THIS ASSIGNMENT.
<br />DEFINITIONS. The fallowing rapitahl.d words and terms shall have the following meanings when used in this Assignment Unless
<br />specifically stated to the contrary, all references to dollar amounts shall mean amounts In lawful money of the United States of America.
<br />Words and terms used in the singular shall include the plural, and the plural shall include tho singular, as the context may require. Words
<br />and terms not otherwise defined in this Assignment shall have the meanings attributed to such terms in then Uniform Commercial Code'.
<br />Assignment. The word "Assignment" means this Assignment of Rents, as this Assignment at Heri s may be amended or modified
<br />from time To time, together with all exhibits and schedules attached to this Assignment of Rents from time to time•
<br />Borrower. The word "Borrower" means Grand Island PH, Inc..
<br />Default. The word "Default" means the Default set forth In this Assignment In the section tilled "Default ".
<br />Event of Default. 1 he were, "Event of Default" mean any of the events of default set forth In this Aseiynmont In the default _Section
<br />of this Assignment.
<br />Grantor. The word "Grantor" means Grand Island PH, Inc..
<br />Guarantor. The word "Guarantor" means any guarantor, Surety, or accommodation party of any or all of the Indebtedness.
<br />Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, Including without limitation a guaranty of all or part of
<br />the Held
<br />Indebtedness. The word "Indebtedness" means all principal, Interest, and other amounts, costs and expenses payable under the Not.
<br />or Related Documents, tuyelher with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any anni expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by
<br />Lender to enforce Gmntm'a obligations under this Assignment, together with Interest on such amounts es ,.video in this
<br />Assignment.
<br />Lender. The word 'Lender " means Wells Fargo Bank Nebraska, Natimml Association, its successors and assigns.
<br />Note. the ward °Note" means the cmulasmy note dated .Ions ], 2002, in the original principal amount of $650,000.00
<br />from Grantor to Lender, mother with all ronswild of, extensions of, modifications of, rof echo, .f, consoldismans of and
<br />substitutions for the promissory nota or agreement
<br />Property. The word "Property" means all of Grantors right, title and Interest In and to all the Property as described In the
<br />"Asslynment" section of This Assignment.
<br />Related Documents. The words 'Related Documents" mean all promissory notes, credit agreements, loon agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />Instruments, agreements and documents, whether now or hereafter existing, executed in connection with The Indebtedness.
<br />Rents. The word " Rents" means all of Grantor's present and future rights, rhle and interest in, to and under any and all present and
<br />future leases, inclutling, wiNOUt limitation, all rents, revenue, Income, Isau", royalties, nonuse., accounts receivable, cash or security
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