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<br /> �.�'tH{S AS�fG1���NT OF ftENT5 ANf3 i.�r�S�S(this"JLssignrnerai")is dated as a14he �t`�'day
<br /> � of)une, ��96;by.Miian E.Timm,a single pe�san ("gorrower"1,ta First"Nationat Bank of(3rr����,a
<br /> � nationa!banlilns assoclatian,Omaha,hlebraska and its auccessors and assi�ns("Lender").
<br /> gR�t IMiN RY ST T MENT
<br /> Borrower has, concurrenily with the exec�tian herPof, sec:urc� a i�n :�ar.� !.:r�+.-°' ir �.h`-`
<br /> amount of 51,340,000•00.evidenced by that certain Pramissory Note dated of even date herewlth(the
<br /> "Pr�missory Note")executed by Sarrower in favor of lender�nd bearing interese ant!being�payable
<br /> as provided therein. The payment and performance of 8arrower's obligations under the Promissory
<br /> Note will be securec, in part,i�y that certain Deed of Tn.+st,Security Agreement and/lssignment of
<br /> R�nts dated of even date herewith(the"Mortgage")betwe�n Borrower and l.ender eneumbering the
<br /> rral prc�p�erty described on Exhibit"A"attached hereto and by this reference Incorparated herein(tF�e
<br /> :'�eeai Properiy"i.
<br /> AS�Q�FMENT
<br /> NOW, TI�EREFORE, in consideration vf the 6oregoing and other goad and valuable
<br /> - consider�tion,th�e receipt and sufficiency of whlch are her�by acknowfedged,,S�rrower ag�•ees as
<br /> f�ltows' ' •, .. . .. . :
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<br /> '�� ': �j'�pj��. C�pitalized terms used herelri Shall have'the respeci�ve meanings given . ,.':
<br /> fnem ene 2'ii�i1+to�►gage,unlcs5 at,�.c:�v9s°d°fined herein. � ,., ; � -
<br /> Z. ����n Ri af�c. To further�sPCUrs the prompt payment and
<br /> per�'armance of each abiigation secured by the Moitgage(the"SecurPd Obligations"),Burrovver h�ereby
<br /> assigns,transfers,conveys and sets over to i.ender all of Borrower's e�tate,righh;tltle and intere�t in,
<br /> to and under all leases,whether existing on the date hereot or hereafter entefed inta(including any
<br /> extec�sians,rrwdif+cat€ons or arnendments theretol relatir.g co the Real Property(the"Leas�s"),together
<br /> with all rights,powers,privileges,options and other l�ennefib af Barrc►wer as the lessar under the Leases
<br /> regarding the current tenants and any future tenants,and all the rents, revenues,profits and income
<br /> from the 1v{ortgaged Propertyr(as defined(n the Mort�;age), in�luding those now due,past due or to
<br /> be�ome due. garrower ir�evacably appoints Lender its true anci lawful attorney-in-fact,at the option
<br /> of lender at a,ny time and from time to tlme,to take possession and control of the Mortgaged Property,
<br /> pursuant to Bcx�ower's c�ights as lessor under the Leases,and to demand,receive and enfurce payment,
<br /> to give receipts,releases and satisfactinn and to sue,in ihe name of Borrow�r or Lender,for all of the
<br /> rents,revenues,prafits and income thereof. It is intended by Borrower and lender that thls Assignment
<br /> _ . __�.. _ ....�..._... c a.4.1:*in�L cariirifv. The.
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<br /> �onsideratidn received by Borrower to execute and�e�iver this Assignment and the liens and security
<br /> interests created herein is legally su��ient and will provide a idirect ecunomic benefit to Borrower.
<br /> (a) Notwiehstanding the foregoing, however,so fang as rio Event of Defauh(as ,
<br /> defined ilp��ragraph 4 below)has oceurred,Borrower sfi�lt 1�av�a re:cacabl�li�ense eo possess
<br />� and cord�c�l the Mortgaged property and collect and r�ceive 2ilf ren�s,�r,avenues,profits and
<br /> _ 6c�coraie. U�an the mccurrence of an Event of �ef�ult,�such li�enee shall be deemed ,
<br /> — ae�tomatical�y.revoked.
<br /> (bj l;pan the occurrence of any Event of befacalt,Lender may,at any 2ime upon .
<br /> suth notice as is rec�uired by laK,by a court appointe8 receiver,regardless of the ad�quacy of
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