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200503'788 <br />20. Leases. Grantor shall fully comply with all of the terms, conditions and provision of any Leases <br />on the Real Property so that no breach shall occur and do all that is necessary to preserve all the Leases in <br />force. With respect to any Lease involving an initial term of three years or more, Grantor shall not, without <br />the prior written consent of Beneficiary, which consent will not be unreasonably be withheld or delayed, <br />modify or amend the Lease for a lesser rental or term, or accept surrender of the Lease or terminate the <br />Lease except in accordance with the terms of the Lease providing for termination in the event of default. <br />Any proceeds or damages resulting from a lessee's default under any such Lease, at Beneficiary's option, <br />shall be paid to Beneficiary and applied against sums owed under the Loan Documents even though such <br />sums may not be due and payable. Except for real estate taxes and assessments, Grantor shall not permit <br />any lien to be created against the Real Property which may be or may become prior to any Lease. If the <br />Real Property is partially condemned or suffers a casualty, Grantor shall promptly repair and restore the <br />Real Property in order to comply with the Leases. <br />21. Assignment of Leases and Rents; Grantor's Rieht to Collect. Grantor hereby absolutely and <br />irrevocably assigns to Beneficiary all Grantor's interest in the Rents and Leases. This assignment shall be <br />subject to the terms and conditions of any separate Assignment of Leases and Rents, whenever executed, in <br />favor of Beneficiary and covering the Real Property. Unless otherwise provided in any separate Assignment <br />of Leases and Rents, and so long as Grantor is not in default under the Loan Documents, Grantor may <br />collect the Rents as they become due. Grantor shall use the Rents to pay normal operating expenses for the <br />Real Property and sums due and payments required under the Loan Documents. No Rents shall be collected <br />more than two months in advance of the due date. Grantor warrants that it has made no prior assignment of <br />the Rents or Leases and will make no subsequent assignment without the prior written consent of <br />Beneficiary. Grantor's right to collect the Rents shall not constitute Beneficiary's consent to the use of cash <br />collateral in any bankruptcy proceeding. <br />22. Beneficiary's Ri ht to Collect Rents. If Grantor is in default under the Loan Documents, <br />without notice to Grantor, Beneficiary or its agents, or a court appointed receiver, may collect the Rents. In <br />doing so, Beneficiary may (a) evict lessees for nonpayment of rent, (b) terminate in any lawful manner any <br />tenancy or occupancy, (c) lease the Real Property in the name of the then owner on such terms as it may <br />deem best and (d) institute proceedings against any lessee for past due rent. The Rents received shall be <br />applied to payment of the costs and expenses of collecting the Rents, including a reasonable fee to <br />Beneficiary, a receiver or an agent, operating expenses for the Real Property and any sums due or payments <br />required under the Loan Documents, in such amounts as Beneficiary may determine. Any excess shall be <br />paid to Grantor, however, Beneficiary may withhold from any excess a reasonable amount to pay sums <br />anticipated to become due which exceed the anticipated future Rents. Beneficiary's failure to collect or <br />discontinuing collection at any time shall not in any manner affect the subsequent enforcement by <br />Beneficiary of its rights to collect the Rents. The collection of the Rents shall not cure or waive any default <br />under the Loan Documents. Beneficiary or a receiver shall have no obligation to perform any of Grantor's <br />obligations under the Leases. In exercising its rights under this section Beneficiary shall be liable only for <br />the proper application of and accounting for the Rents collected by Beneficiary or its agents. Any Rents <br />paid to Beneficiary or a receiver shall be credited against the amount due from the lessee under the Lease. <br />In the event any lessee under the Lease becomes the subject of any proceeding under the Bankruptcy Code <br />or any other federal, state or local statute which provides for the possible termination or rejection of the <br />leases assigned hereby, Grantor covenants and agrees that in the event any of the Leases are so rejected, no <br />damages settlement shall be made without the prior written consent of Beneficiary; any check in payment of <br />damages for rejection or termination of any such Lease will be made payable to both the Grantor and <br />Beneficiary; and Grantor hereby assigns any such payment to Beneficiary and further covenants and agrees <br />that upon request of Beneficiary, it will duly endorse to the order of Beneficiary any such check, the <br />proceeds of which will be applied to any portion of the indebtedness secured hereunder in such manner as <br />Beneficiary may elect. <br />Doff- Nebraska -12/04 NC LGL 7 Symetra Loan No. S1301A 508 <br />