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80005549
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Last modified
1/13/2010 11:49:18 PM
Creation date
1/13/2010 11:49:07 PM
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DEEDS
Inst Number
80005549
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<br />il ~~;~ z ~ ~ ~ «i <br />such receiver, or the validity or the amount of indebtedness <br />owing to the Assignee, or the existence of any default in the <br />Note, or under or by reason of this Assignment, or the applica- <br />tion to be made by the Assignee. Assignor hereby irrevocably <br />directs and authorizes the tenants to pay to Assignee or such <br />receiver all sums Sue under the leases and consents and directs <br />that said sums shall be paid to Assignee or such receiver without <br />the necessity for a judicial determination that a default has <br />occurred hereunder or under the Deed of Trust or that Assignee or <br />such receiver is entitled to exercise its rights hereunder, and <br />to the extent such sums are paid to Assignee or such receiver, <br />the Assignor agrees that the tenant shall have no further liability <br />to Assignor for the same. The sole signature of the Assignee or <br />such receiver shall be sufficient for the exercise of any rights <br />under this Assignment and the sole receipt of the Assignee or <br />such receiver for any sums received shall be a full discharge and <br />release therefor to any sums received shall be a full discharge <br />an3 release therefor to any such tenant or occupant of the Premises <br />Checks for all or any part of the rentals collected under this <br />Assignment shall upon notice from the Assignee or such. zeceiver <br />be drawn to the exclusive order of the Assignee or such receiver.. <br />9. Satisfaction. Upan the payment in full of all Indebted- <br />ness Secured Hereby as evidenced by a recorded satis£actian of <br />the Mortgage executed by Assignee, or its subsequent assigns., <br />this Assignment shall without the need for any further satisfac- <br />tion or release become null and void and be of no Further effect. <br />10. Assignee Attorney-In-Fact. Assignor hereby irrevocably <br />appoints Assignee and its successors and assigns as its agent and <br />attorney-in-fact, which appointment is coupled with an interest, <br />to exercise any rights or remedies hereunder and to execute and <br />deliver during the term of this Assignment such instruments as <br />Assignee may deem necessary to make this Assignment and any <br />further assignment effective. <br />11. Subsequent Leases. That until the Indebtedness Secured <br />Hereby shall have begin paid .in full., this instrument shall be <br />deemed to apply to a1I other future and subsequent leases upon <br />all or any part of said premises, and Assignor ~c}rees to execute <br />and deliver unto Assignee upon demand and at any time o.r times, <br />any and alI assiynments and other instruments sufficient to <br />assign the Lease and the Rents thereunder to Assignee or that the <br />Assignee may deem to be advisable for carrying out the true <br />purposes and intent of this Assignment. From time to time on <br />request of the Assignee the Assignor agrees to furnish Assignee <br />with a rent roll ~f the Premises disclosing current tenancies, <br />rents payable, and such other rnatters as Assignee may reasonably <br />request. <br />12. Continuing Rights. The rights and powers of Assiynee <br />hereunder shall continue and remain in full. f..orce=_ and effect <br />until all Indebtedness Secured Hereby, including any deficiency <br />remaining from a foreclosure sale, are naicl in foil, and shall <br />continue after commencement of a foreclosure action and after <br />foreclosure sale and until expiration of the equity of redemption <br />if the Assignee be the purchaser at the foreclosure sale. <br />13. Successors And As~iyns. Thi:a Assignment and oaclx and <br />every covenant, agreement and provision hE:reof shall be binding <br />upon the Assignor and its successors and assigns includiny without <br />Iimitat..ion each and every from time to time record owner of the <br />Promises or any other person haviny an interest therein and shall <br />inure to the benefit of the Assignee and its successors and <br />assigns. As used herein the words "successors and assigns" shall <br />also be deemed to mean the heirs, executors, representatives and <br />administrators of any natural person who is a party to this <br />Assignment. <br />14. Governing Law. This Assignment is intended t:o be <br />governed by the laws of the Stag of Nebraska. <br />-1- <br />
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