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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 />