My WebLink
|
Help
|
About
|
Sign Out
Browse
200504314
LFImages
>
Deeds
>
Deeds By Year
>
2005
>
200504314
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/17/2011 6:10:07 AM
Creation date
10/28/2005 10:42:53 AM
Metadata
Fields
Template:
DEEDS
Inst Number
200504314
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
200504314 <br />and the Loan Documents immediately due and payable and exercise any other remedy <br />available at law or in equity. <br />It is further understood that this Assignment shall not operate to place responsibility for <br />the control, care, management or repair of the Property upon Lender, nor for the <br />carrying out of any of the terms and conditions of the Leases; nor shall it operate to <br />make Lender responsible or liable for any waste committed on the Property by the <br />lessees or any other parties, or for any dangerous or defective condition of the Property, <br />or for any negligence in the management, upkeep, repair or control of the Property <br />resulting in loss or injury or death of any lessee, licensee, employee, invitee or other <br />person. <br />8. FORECLOSURE. <br />Upon issuance of a deed or deeds pursuant to any judicial foreclosure or nonjudicial <br />foreclosure of the Deed of Trust, all right, title and interest of Borrower in and to the <br />Leases shall, by virtue of this Assignment, vest in and become the absolute property of <br />the grantee or grantees of such deed or deeds without any further act or assignment by <br />Borrower. Borrower hereby irrevocably appoints Lender, and its successors and <br />assigns, as its attorney in fact, to execute all instruments of assignment or further <br />assurance in favor of such grantee or grantees of such deed or deeds, as may be <br />necessary or desirable for such purpose. <br />Nothing contained in this Assignment shall prevent Lender from terminating any <br />subordinate Lease through such foreclosure, subject to any written agreement now or <br />hereafter made by Lender in Lender's discretion to recognize the rights of any lessee if <br />such lessee is not in default under its Lease. <br />9. LOAN DOCUMENTS. <br />This Assignment is supplementary to, and not in substitution or derogation of, any of the <br />provisions of the other Loan Documents. To the extent that this Assignment is <br />inconsistent with the provisions of the other Loan Documents, such other Loan <br />Documents shall control; and in particular, to the extent that this Assignment is <br />inconsistent with the terms of the Deed of Trust, the Deed of Trust shall control. Lender <br />may enforce any of the provisions of this Assignment prior to, simultaneously with, or <br />subsequent to any of the rights or remedies under the other Loan Documents. <br />10. NOTICES. <br />All notices, demands, requests or other communications (notices) required under this <br />Assignment shall be in writing and shall be deemed given when personally delivered or <br />mailed by first class U.S. mail, postage prepaid, addressed as follows: <br />To the Lender: First National Bank of Omaha <br />Attn: Allen C. Hansen, Vice President <br />1620 Dodge Street <br />Omaha, NE 68197 <br />To the Borrower: WCI, LLC <br />Attn: William C. Peel <br />13747 "F" Street <br />Omaha, NE 68137 <br />Either party may, in substitution of the foregoing, designate a different address or addresses <br />within the continental United States for the purposes of this section by written notice delivered to <br />the other party in the manner prescribed above at least ten (10) days in advance of the date on <br />which such change of address is to be effective. <br />In the event any applicable statute shall provide a mandatory method for the delivery of notice <br />then the statutory method shall be followed. <br />11. ATTORNEYS' FEES. <br />If any legal action or proceeding is brought by either Borrower or Lender in order to <br />enforce or construe a provision of this Assignment, the unsuccessful party in such action <br />or proceeding, whether such action or proceeding is settled or prosecuted to final <br />judgment, shall pay all of the attorneys' fees and costs incurred by the prevailing party. <br />If Borrower shall become subject to any case or proceeding under the Bankruptcy <br />Reform Act, as amended or recodified from time to time, Borrower shall pay to Lender <br />on demand all attorneys' fees, costs and expenses which Lender may incur in order to <br />obtain relief from any provision of the Act which delays or otherwise impairs Lender's <br />exercise of any right or remedy under this Assignment or any of the Loan Documents, or <br />in order to obtain adequate protection for any of Lender's rights or collateral. <br />11 <br />
The URL can be used to link to this page
Your browser does not support the video tag.