3. That should Assignor fail to make any payment or to do any act as herein provided, then the Assignee, but
<br />without obligation so to do and without notice to or demand on Assignor. and without releasing Assignor from any obligation _
<br />; 1 00756
<br />hereof may make or do the same in such manner and to such extent "the Assignee may deem necessary to protect the security
<br />...,
<br />purporting to affect the security hereof or the rights or powers of the Assignee, and also the right but not the duty to perform
<br />ASSIGNMENT OF LEASES AND RENTS
<br />and discharge each and every obligation, covenant and agreement of Leasor in the Lease contained; and in exercising any
<br />THIS ASSIGNMENT,madethis ,o`'' day of tar° 1S -7
<br />f,. To pay immediately upon demand all sums expended by the Assignee under the authority hereof, together with
<br />by.,
<br />interest thereon at the highest rates" forth in any of the Obligations secured hereby, and the same shall be added to the Obh .'
<br />residing at or having an office of ) '' ' ` 'e 5 `
<br />5. That Assignor will not transferor convey to the Leasee the fee title to the demised Premtsow or any part thereof,
<br />FIn77ar Bank, National Association, Omaha, Nebraska
<br />- - unless the Lessee assumes in writing and agrees w pay the debt secured heretic in acc;irdance with the terms, convenams and
<br />Navin
<br />(herein called "Assignor "), to g
<br />tt3
<br />-
<br />its principal office at Omaha, Nebnaka (herein called "Assignee ").
<br />WITNESBETH:
<br />FOR VALUE RECEIVED, Assignor hereby grants. transfers and "signs to the Assignee all of the right. title
<br />and interest of Assignor in and to any and all lessee and other tenancies now or hereafter made on or with respect to the real
<br />viatate locaed in 105 ;sy !�cbert - -'-, and more particularly describes
<br />in Schedule A hereof, which real estate shall be referred to hereinafter " "Premiss ", including, but not limited to that certain
<br />`;laws or those certain lasses, with modifications, if any, described in Schedule B hereof. covering the Premises; together with
<br />(1) soy and all extensions or renewals thereof. (T) any and all guarantee of the Lsssa's obligations under any thereof and -
<br />under any and all extensions or renewals of any thereof, and (3) all rents, isans, profits. revenues, deposits, earnest money
<br />paymertte, rights and benefits now or hereafter arising from such tsar and tenancies or for the use and occupancy of the
<br />Premises. and any and all extensions and renewals thereof. Said teals and tenancies or other use of the Premises together
<br />g 1
<br />nf,ail be sometimes hereinafter referred to "tht
<br />with any and all guarantees. modifications. extensions, and renewals there h
<br />"Issas" or "Leaves";
<br />FOR THE PURPOSE OF SECURING:
<br />ONE: Payment and performance of each and every debt, liability and obligation of every type and description
<br />which Assigner may now or anytime hereafter owe to Assignee, including, but not limited to, the_indebtacluese of Alai pOr
<br />aecund by &bat certain mortgage or dead of trust made by the Assignor m the Assigns dated - 19=i .
<br />,and recorded or to be recorded at or prior to the recording of this Assignment. or any other mortgage or dead of trust hereafter
<br />covering the whole or any pan of the Pesmism. (whether such debt, liability. m obligation now exists or is hereaftwcroused or
<br />incurred and whether it is or may be direct or indirect, due or to become due, absolute or contingent, primary or secondary,
<br />liquidated or unligoidated or joint. several, or joint and asysrai, all each debts, liabilities and obligations tieing herein coplec
<br />�tively refereed to asmatims as the "Obligations -k and
<br />TWO: Performance and discharge of each and every obligation, covenant and agreement of Assignor romaine,_
<br />herein or in any such mortgage or dead of trust or any note or bond secured thereby. or in any obligation or any securing - -
<br />;.
<br />docossnt given in connection with any of the Obligations secured hereby.;
<br />A. TO PROTECT THE SECURITY OF THIS ASSIGNME.vT ASSIGNOR AGREES WITH RESPEC T
<br />TO EACH LEASE:
<br />1. To faithfully abide by, perform and discharge each and every obligation, covenant and agreement of the base
<br />by lessor to be performed, to give prompt notice to the Assignee of any notice of default on the part of Assignor with respect to
<br />f
<br />the Lase received from Lase or guarantor, together with an accurate and complete copy of any such notice; at the sole cost
<br />and expanse of Assignor, to enforce orsecu re the performance of each and every obligation, covenant. condition and agreement
<br />of the lame by the Lanroe to be performed. not to modify or in anyway alter the terms of the' ease not to terminate the term of
<br />the Lease and not to accept a surrender of the rents thereunder or to waive. excuse, condone or in any manner release or din.
<br />charge the Lasses thereunder from the obligations, convenants, conditions and agreements by the Lessee to be performed,
<br />including the obligation to psy the rental called for thereunder in the manner and at the place and time specified therein, and
<br />Assignor dos by thew presenta expressly release. relinquish and surrender unto the Assigns all Assignor's right, power and
<br />authority to modify or in any way alter the terns or provisions of the L ease, or to terminate the term or accept a surrender there
<br />of, and any attempt on the part of the Assignor to excercise any such right without the written authority and consent of the
<br />Assignee thereto being first had and obtained shall constitute a Default of the terms hereof "defined hereinafter„ entitling
<br />the Assigns to declare all sums secured hereby immediately due and payable,
<br />2_ At Assignor's sole cost and expense to appear in and defend any action or proceeding arising under. growing out
<br />of or in any manner connected with the Lease or the obligations. duties or liabilities of Lessor, i.sseeor guarantor thereunder.
<br />and to pay all core and expanses of the Assignee, including attorney's fee in a reasonable sum, in any such action or proceed -
<br />I
<br />Ing in which the Assigns may appear-
<br />3. That should Assignor fail to make any payment or to do any act as herein provided, then the Assignee, but
<br />without obligation so to do and without notice to or demand on Assignor. and without releasing Assignor from any obligation _
<br />hereof may make or do the same in such manner and to such extent "the Assignee may deem necessary to protect the security
<br />hereof, including specifically, without limiting its general powers, the right to appear in and defend any action or proceeding
<br />purporting to affect the security hereof or the rights or powers of the Assignee, and also the right but not the duty to perform
<br />"
<br />and discharge each and every obligation, covenant and agreement of Leasor in the Lease contained; and in exercising any
<br />such powers to pay necessary rose and expenses, employ counsel and incur and pay reasonable attorneys fees.
<br />f,. To pay immediately upon demand all sums expended by the Assignee under the authority hereof, together with
<br />interest thereon at the highest rates" forth in any of the Obligations secured hereby, and the same shall be added to the Obh .'
<br />gsuous and shall be secured hereby and by the said mortgage or deed of trust.
<br />5. That Assignor will not transferor convey to the Leasee the fee title to the demised Premtsow or any part thereof,
<br />- - unless the Lessee assumes in writing and agrees w pay the debt secured heretic in acc;irdance with the terms, convenams and
<br />conditions of t_he said note or tx)nd secured by so.d mortgage or deed of trust
<br />l M. 31
<br />tt3
<br />-
<br />}
<br />yr
<br />
|