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ASSi6f WNT of RENTS 86-- 104227 Uie.i� mows paneinliui foe peoeMaae� rexeeat TIM Attfl" SPAIM FM WORMU U0 ONLY THAT FMM M. DOONAI and MARY JANE MMM, husband and wife KNOW ALL MEN BY THOSE ►Rf UPM 4hei aMpNar ra-1 "the Asignor") of the City or Town of Great Bend , County of Barton Kansas end !era d . in consideration M 51.00 and other good and valuable eorh>iderKion, the receipt of Which is hereby adcnowledNd: herabY aarigrha and tranef.re co Associates t2cmercial Corporation 'Oe .L,(y1�Lr.nr. her called "the Alai m'*) of 10870 Benson Drive, Suite 2150 City of Arland Park, $tea o -ass taitt�amm¢. income and Swells from the following described real estate now due or which may hereafter bow.e due by virtue of My and an agreements or iseese, whedM► written or verbal for me use or occupancy of Sid rest estate, or any part thereof. which may have been hwatofore or may hweafter be made and agreed to. or to any deposits received in connection with tatting of the soma: See Exhibit 'lA" attached hereto and made a part hereof The aforesaid transfer and assignment shall be absolute, except gt7aran o? ad Said asigne nnt is given as additional security to wcuWthe payment of a loan evidenced by a note of even date herewith in the amount of s 1,000,000.00 soctirwbya Deed of Trost (hereinafter called "the security instrument ") of am date herewith, and which assignment shall remain in full force and effect until said loan, interest and other coats and charges provided shall be fully paid. The within amighrrent dwi not become operative until a default shall occur under the terms and obligations contained in said security instrument or in the note secured thereby. In the event of a default IS aforeeeid, the Assignor agrees the Assignee, its agents or servants. may at its discretion take possession of said real estate and hold. manage, and control the stoma and the improvements thereon: make necessary repairs, replacements, alterations and improvements to mid real estate as the Assignee in its sole discretion may deem fit and nsconwy: insure and reinsure said premises, lease and rent the same or any part thereof for such sums on such terms as the Assignee, or its agents shall see fit: and collect and hold all rents, income and earnings derived from said premises, including deposits made and to be made. and which shalt be applied in the sole discretion of the Assignee in payment or on account of: (t) Expenses of Operating, maintaining, repairing, making replacements and alterations, the payment of taxes and assessments, insurance, and reasonable compensation for the services rendered by the Assigns*, in attorneys, agents, servants or other persons employed for services in connection with the maintenance, operations and management of said real Mats; and such other sums as may be required to indemnify Assignee against any liability. Ion or damage on account of any act doe in good faith pursuant to the rights and powers granted hereunder. (21 Interest, principal or other charges which have or may become due, from time to time, under the terms of the note secured by said security instrument, without prejudice of the right to enforce any and all remedies which Assignee has by reason of any default as aforesaid. (31 Any deficiency which may be decreed **net the Assignor in favor of the Assignee or Trustee and whom all of the aforesaid payments and disburso ants have been made, any romlaining surplus shall be paid to the Assignor. The Anigme may, in the event of a default as aforesaid, use such manures, legal and equitable, as in the Assignee's discretion may be deemed oroper or necessary W enforce tee payment of IN security of such rents, erninge. income and avails. tot Pale 1