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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 />