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<br /> G.i 79b File No. 838
<br /> � • ��� ���i4L'��� .�..—.
<br /> 10. No Waiver. R waiver by Lender of any of its rlghts hereunder ur u�der the leases or _
<br /> of a breach of any of[he covenants ar�d agreemenis containec! herein to be performe<i by Borrower
<br /> shall not be c�onstru�d as a waiver of such rights in any succeecling instance or of any succe�ding
<br /> breach of the sarne.or other covenants,agrAements,rc�trictions or conditions.
<br /> ���,,. ..;;j����. Natwithstanding thH existence of any other securiry interF.,�t in Y}��b
<br /> Martgaa�t:;4�;iP,rq;�iEr�y.held by Len�ler or by any oth�r party,except a.��t�erwise{imited by�pptic�U9e
<br /> , law,Lender siisil������e,tt�e right ia detevmin!e�4,�order in which�3ny mf�he Mort�aged Propes�y ar any
<br /> part thereof sha1P�h� ;uk�j��d";te� ih� t�r,�i�3ias provided her�in. L��der shall ha�e the right to
<br /> dei�ermine ti�e order in whicE�ahy c�r all portions af the indebtedness secured hereby are satisfir�from
<br /> the proceeds realized upor�the exercise of thc rem�dies provided hereln. Borrower and any party who
<br /> now or hereafter ar.q�uires an interest in any of the Mc�rtgaged Property and who has actual or construc
<br /> tive notice hereof hereby waives, tn the extent permitted by law, any and all right to requlr�the
<br /> marshalling of as5ets in connection with ihe exercise af any of the remedies permitted by applicabls
<br /> law or provided herein.
<br /> 12. �tpt1�',dl. All nntices, demands, requests, consents, appravals or communications
<br /> requlred�nder this hssignm�nt shall be in wrlting and shall be deemed to have been properly giMen
<br /> If sent by hand dellvery,�vernight caurier,or certified rnail,postage prepald,delivered to the parties
<br /> at the following addresses:
<br /> tf to Borrower: Mflan E.Timm
<br /> 233 East Can�illo Street,Suite D
<br /> Santa Barbara,California 93'101
<br /> tf to��1: Flrsi Natior�al Bank of Omatna
<br /> �' '• 1620 Dodge Street '
<br /> . , . � �maha,Nebraska 68102
<br /> :,; . Attn: Robert�). Horak,Vice Piesident "
<br /> � �. , .
<br /> With a cnpjr�ta: Jose�h Pol�ck,Esq. �
<br /> � � Polack,Wo:olley&Trofa,P.C: �
<br /> 420 First N�tion�!Plaza �
<br /> , Z 1���V:'�.Q,n�p.°.�3� . �
<br /> � � � Omaha,Nebrask� 68154 ,
<br /> or to such other��i:l�lr��s�as are designated by notice pursuant to this Section. .�;
<br /> .,.,
<br /> �3, �����;���,�i;itwn. When an Event of Default shall occur under tfie
<br /> Secured Obli�yation��or any part thereof,whether by acceleratfon ur otherwise,L�nder shall have the ,,
<br /> � right to enfcx��tY�e�llen hereof for such Secured Obligations,or part thereof. In any suit to enforce any ., '`
<br /> rem�i�� of l�erid�� under this Assignment, thsre shaN be aliawed and included as additional t,
<br /> incie6�edt�ess in th�decree for sale or other judgment ar decree all expenditures and expenses which .
<br /> may�be'�paid or„incurred by or Un hehalf Qf lencier for attomeys' fees, ap�rp�iser's fees, outlays for. � , '
<br /> documentary a�r1�xper2 eviaence,stenographers'charges,pubNcatEon casts,'and costs(which may be �
<br /> estimated as ta�i�t�m"s to be expended after entry of the decreel�►r i�'�us:r�all such abstracts uf title, ��,;,:,
<br /> title searcF�es�'Si1�ezaminatia�s,title insurance policies,anr�se�ri:iS<�'s.�at��,!��1:,�ssurances with respec.t . .
<br /> to title as Le�r may deem reasa�nably necessary�id�er to�aTr�'s�c�.rse �E�c�a•suit or to evidence t� �� . .
<br /> bi+�s at any��i f�e which may be had pu�suant to such decree tfi��r:u�eai�i4toii nf the title to or the
<br /> value of the;ds?4:a�r,t�aged Property. All�expenditures and expenses of the nature in this paragraph
<br /> men' ..'�i;'�.an8'such expenses and fees as may be incurred in the protection of the Mortgaged Property '
<br /> and rt��e�riiaintenance of the lien of this Assignment,including the fees of any attarney ernployed by �
<br /> Lender in any(itigation or proceed9ng affecting this Assignment or the Mortgaged Properry, including
<br /> p�obate and bankruptcy proceedings or in preparation fvr the commencement or defpnse of any
<br /> �roceeding or ti�reatened suit or proceecling,shall be immediately due and payable by BoROwer,with
<br /> interest th�reon at the Default Rate set forth in the Promissory Note,and shall be securesl by this
<br /> Assignment.
<br /> 14. S�. This Assignment may be executeu+n two or more counterparts and shall
<br /> be deeme�d to have become effective when and only when one or more of such counterparts shall have
<br /> be�n sigr�ed by or on behalf of each of tlte parties hereto,altfiougl�it shall not be necessary that any
<br /> sign�rl's�;;M,,��,�ttQrpart be signed by or on behalf of each of the parties hereto,and all such counterparis -
<br /> shali��,l��m���to constitute but one and the same instrumer�l.
<br /> 15. � ���nv j�laws:Severahiliiv. This Assignment shall be gaverned by and construed
<br /> under the lawrs of the state where the Reaf Proparty is located. In case any of the provisions of this
<br /> S
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