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so-~a5~.as on real property located in the City of Grand Lsland, County of Sall, and State of Nebraska, such real property being more particularly described in Exhibit "A" attached hereto and made a part hereof, and payment of the indebtedness evidenced by that certain Note of even date in the principal sum of SEVEN HUNDRED ~HOCISAND AND 00/i00 DOLLARS ($700,000.00} made by Assignor payable to the order of Assignee, and also secured by a certain Mortgage of even date on such real property described on Exhibit "A` attached hereto. 2. Payments of all other sums with interest thereon becoming due and payable to Assignee under the provisions hereof or under the grovisions of s$id Notes and Mortgages. 3. The performance and discharge of P3ch and every obliga- tion, covenant, and agreement of Assignor herein and in said Notes and Mortgages contained. TO PROTECT T88 SECURITY OF THIS ASSIGNMENT ASSIGNOR COVENANTS: 1. To observe and perform all of the obligations im- posed upon the Lessor in said lease and not to do or permit to be done anything to impair the security thereof; not to collect any of the rent, income and profits arising or accruing froe the premises hereinbefore described in advance of the time when the same become due under the terms of said lease; not to discount any future accruing rents; not to execute any other Assignment of Lease or Assignment of Rents of said premises unless the sage is subordinate to this Assignment and Assignee's rights- hereunder, and not to alter, modify or change the terms of the aforesaid lease, or surrender. calcel or terminate the same withatit the prior written consent of Assignee. 2. To assign and transfer to Assiynee any and all future leases upon all or any part of the mortgaged premises and to execute and deliver, at the request of the Assignee, all such further assurance and assignments in the premises as Assignee shall from time to time require. IT IS !lUTt1ALLY AGREED i. So long as th i exist no default which is not curad a within 30 days after notice except that ~ notice shall be quired in the event of a voluntary bankruptcy {`default"} by Assignor in the payment of any indebted- ness secured hereby or in the gerformance of any obligation, covenant, or agreement herein or in said mortgage or lease, contained, Assignor shall have the r£ght to collect upon, but not prior to accrual, all rents, issues and grofits from said mortgaged premises and to retain, use and enjoy the same. 2. Upon or at any tine after default in the payment of any indebtedness secured hereby or in tits performance of any obiiga- tion, covernant ar agreement herein or in said Mortgages or lease contained, Assignee, without in any way waiving such default, may at its option take gossess£on of the mortgaged premises and have, hold, manage. 3ease and operate the same on such terms and for such par£ad of tine as the Assignee may deem proper; and may collect and receivr ail rents, issues and profits of the mort- gaged prsmises, with foil power to Hake from time to time altera- - z -