Laserfiche WebLink
mossorr,i, I rrrrr'r <br />ASSIGNMENT OF RENTS 200213770 <br />Loan No: 795514652 (Continued) Page 5 <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 precticshle, 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 olfinalion 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 sat 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 Lander in the State of Nebraska. <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 whore there is more than one Borrower or Grantor, then all words used in this Assignment in the <br />singular shall he deemed to have been used in the plural where the context and Construction so require. (2) If more then one person <br />signs this Assignment as "Grantor," the obligations of each Grantor are joint and several. This means that If Lander brings a lawsuit. <br />Lender may sue any one or more of the Grantors. If Borrower and Grantor are not the same person, Leader need not sue Borrower <br />first, and that Borrower need not be 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 at define the provisions of this Assignment. <br />No Waiver by Lender. Lender shell not be deemed to have waived any rights under this Assignment unless such waiver is given in <br />writing and signed by Lander. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such <br />right or any other right. A waiver by Lender 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 />not 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 />consent 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 telefacslmlle (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 rectica to the other parties, specifying that the purpose of the notice is to change the party's <br />address. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor'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 all 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 />Severabllhy. It a court of competent Jurisdiction finds any provision of this Assignment to be illegal, invalid, or unenforceable as to <br />any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If <br />feasible, the offending provision shell be considered modified so that it becomes legal, valid and enforceable. If the offending <br />provision cannot be so modified, It shall be considered deleted from this Assignment. Unless otherwise required by law, the illegality, <br />invalidity, of unentorc.suhty of any provision of this Assignment shall not affect the legality, validity or enforceability of any other <br />provision of this Assignment. <br />Successors and Assigns. Subject to any limitations stated In this Assignment on transfer of Grantor's interest, this Assignment shall <br />be binding upon and lauto to the benefit of the parties, their successors and assigns. If ownership of the Property becomes vested in <br />a parson other 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 of liability <br />under the indebtedness. <br />Time is of the Essence. Time is of the essence in the performance of this Assignment. <br />