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86- 101488 occupying the above- described property or by any of the lessees in any of the above - mentioned leases. It is further covenanted and agreed that all leases or subleases covering all or any part of said premises shall be approved by First Federal, its successors or assigns, prior to the execution thereof. The execution of any such lease or sublease without first obtairmrgg such approval snail cause said lease or sublease to be void and of no effect and shall constitute a default of said Note. Nothing herein contained shall be construed as making First Federal, or its successors or assigns, a mortgagee in possession, nor shall First Federal, or its successors or assigns, be liable for laches, or failure to collect said rents, issues, profits, rights and benefits. IT IS LMERSTOm, AND AGREED, that neither the existence of this Assignment nor the exercise of its privileges to collect said rents, issues, profits, rights and benefits hereunder, shall be construed as z waiver by First Federal, or its successors or assigns, of the right to enforce payment of the debt hereinabovie mentioned, in strict accordance with the terms and ,provisions of said Deed of Trust and Note for which this Assignment is given as additional security. IN WITNESS WOOF, the undersigned have executed this instrument the day and year first above written. r es D. Cantrerl ce ntre STATE OF NEMA KA ) ? ss 0OLN1Y OF HALL ? On this 27th day of March , 1986 before me, the undersigned, a ary Public in and for sal , personally came CHARLES D. CANTRELL and JOYCE E. CANTRELL, husband and wife, personally known to me to be the same and identical persons whose names are affixed to the above and foregoing instrument and acknowledged said instrument to be their voluntary act and deed. Witness my hard and notarial seal at Grand Island, Nebraska the date last above written. aeooRra�ee�s *00arwhat1 ° ary Public My Commission Expires: 4A N I