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<br />11. Assi�nment of Assignee's Rights. Any halder of the Secured Indebtedness shall have the right to assign to any subsequent holder
<br />of the Secured Indebtedness, the right, title and interest of Assignor hereby assigned, subject, however, to the provisions of this
<br />Assigttment. In the event all the right, title and interest of Assignor in the Premises are barred or foreclosed, no assignee of the
<br />interest of Assignor shall bc liable to account to Assignor for any Rents thereafter accruing.
<br />12. Release. Upon payment in full of the Secured Indebtedness, as evidence by a recorded satisfaction or release of the Deed of Trust,
<br />as well as any sums which may be payable hereunder, this Assignment shall become and be void and af no effect.
<br />13. Amendnnents and Discharee. No change, amendment, modification, cancellation or discharge of this Assignment, or any part
<br />hereof, shall be valid unless Assignee shall have consented thereto in writing.
<br />14. Successors and Assi�. The terms, covenants and conditions cantained herein shall inure to the benefit of, and bind Assignor,
<br />Assignee and their successors and assigns.
<br />15. Governing Law. This Assignment shall ba governed by and construed in accordance with the laws of State of Nabraska, without
<br />reference to conflict of law principles, except that foderal law shall govern when SBA is the holder of the Note as more fully set
<br />forth below.
<br />T"hc Loan secured by this lien was made under a United States Small Business Administration (SBA) nationwide program which
<br />uses tax dollars to assist small business ownars. Tf the United States is seeking to enforce this document, Che under SBA
<br />regulations:
<br />(a) When SBA is the holder of the Note, this document and all documents evidencing or securing this Loan will be
<br />construed in accordance with federal law.
<br />(b) CDC or SBA may use local or state procedures for purposes such as filing paper, recording documents, giving notice,
<br />foreclosing liens, and other purposes. By using these procedures, SBA does not waiver any federal immunity from
<br />local or state control, penalty, tax or liability. No Borrower or Guarantor may claim or assert against SBA any local
<br />or state law to deny any obligation of Borrower, or defeat any claim of SSA with respect to this Loan.
<br />Any clausc in this document requiring arbitratian is not enforceable when SBA is the holder of the Note secured by this instrument.
<br />16. Severabilitv. If any provision of this Assignment, or the application hereof to any person, entity or circumstance, shall to any extent
<br />be invalid or unenforceable, the remainder of the provisions of this Assignment, or the application of such provision to ather
<br />persons, entities or circumstancas, shall not he affected thereby, and each provisian of this Assignment shall be valid and
<br />enforceable to the fullest extent permitted by law.
<br />IN WITNESS WHEREOF, the undersigned has executed this Assignm�nt as of the date first above written.
<br />/R"fiYCil�C�7:7
<br />Kershner Properties, L.L.C.,
<br />a N raska Limited Li ity o pany
<br />By: CP� -u.-�r
<br />Kevin W. K shner, Manager
<br />�
<br />ay:
<br />Julie R. Kershn r, Manager
<br />Central Nebraska Management, I �,
<br />a Neb a Corporation
<br />By: � ti.��� .
<br />evin W. Ke ner, Fres'dent
<br />By: � `L��
<br />ie . Kershner Secretary
<br />STAT� OP N�BRASKA )
<br />) ss.
<br />COUNTY OF BUPFAI,O )
<br />The foregoing instrument was acknowledged before me this 8th day o ove , 2Q Q by ev' W. Kershner and Julic R,
<br />Kershner, t � .C, a Nebraska Limited Li i' y Co p , o beha o e company.
<br />��
<br />11ekfl s. Fuelerlo �
<br />My Cor�an. ExP. FabruarV 16�'�f112 �
<br />N " u h
<br />5TATE OF NEBI2ASKA )
<br />) ss.
<br />COUNTY OF BUFFALO )
<br />The foregoin$ instrument was acknowledged before me this 8th d ,�Iov� er, O10 vin W. Kershner, President and Julie
<br />R. Kershner, 5ecretar of Central Nebraska agement, Inc., a Nebra� ' ' ora i` on ehalf f e corporation.
<br />� GEMEAl1l MATARY-State af Mebraska ,
<br />Hew� s. we�nng ' ,
<br />r�ny Camm. �, r�ruary 16, 2a12 �Cfa ! ic
<br />Assignee daes heweby sell, assign and transfer unto SBA, all oi its right, title and interest to this Assignment of Leases and Rents.
<br />NEBRASKA ECONOMIC DEVELOPMENT
<br />CORPORATION
<br />By:
<br />Scott Sailors, President
<br />STATE OF NEBRASKA )
<br />) ss.
<br />CDUNTY OF LANCASTER )
<br />The foregoing instrument was acknowledged before me on this�'th day of vc r, 2 1 p, in the above jurisdiction by Scott Sailors,
<br />President oFNebraska Economic Dev�lopment Corporation, on behalf of r n. ,
<br />'!
<br />� r
<br />� GENERAL IIATAAY-Scat� oi N�r�ka '
<br />H�dl g, p,MN�p 1 4012 ota 'c
<br />MyCdrptl.6�. F6bruarV 6,
<br />I O.doc
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