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201100260 (cc) "Insolvency Laws" means the United States Bankruptcy Code, 11 C1.S.C. § 101, et seq., together with any other federal ar state law affecting debtor and creditor rights or relating to thc bankruptcy, insolvency, rearganization, arrangement, readjustment af debt, dissolution, liquidation or similar proceeding, as amended from time ta time, to the extenl applicable to the Borrower. 2, UNYFO�tM C�DMMERCIAL CODE SECURITY AGREEMENT. This Instrument is also a security a�reement under the Uniform Commercial Code for any of the Mortgaged Property which, under applicable law, may be subject to a security interest under the Uniform Corramercial Code, whether acquired now or in the future, and all products and cash and non-cash proceeds thereof (coll�ctively, "U��' Collateral"), and Borrawer hereby grants to Lender � security interest in the UCC Callateral. �orrower hereby autharizes Lender to file financing statements, cantinuation statements and financing statement amendments in such form as Lender rnay require to perfect or continue the perfection of this security interest and Borrower agrees, if Lender so requests, to ex�cute and deliver ta Lender such financing statements, continuation statements and amendments. Borrower shall pay all filing cnsts and all costs and cxpenses of any recard searches for financing statements that Lender may require. Withaut the prior written consent af Lender, Borrower shall not create or permit to exist any ather lien or security interest in any af the UCC Collateral. If an Event of Default has occurred and is continuing, Lender shall have the remedies af a secwed party under the Uniform Commercial Codc, in additian to all remedies provided by this Instrument or existing under applicable law. In exercising any remedies, L�nder may exercise its remedies against the UCC Cvllateral separately or together, and in any arder, without in any way affectin� the availability of Lender's ather remedies. This Instrument constitutes a financing statement with respect to any part of the Mortgaged Praperty which is or may become a Fixture. 3. ASSIGNMENT OF RENTS; APPQINTMENT OF RECEIVER; LENDER IN POSSESSYDN. (a) As part of the consideration for the Indebtedness, Borrower absolutely and unconditionally assigns and transfers to Lender all Rents. It is the intention of Borrower to establish a present, absolute and irrevocable transfer and assignment ta Lendcr of all Rents and to authorize and empower Lender to collect and receive all R.ents withaut the neccssity of further action an the part of Borrawer. Pramptly upon reyuest by T.,ender, Borrower agrees to execute and deliver such further assignments as Lender may from time to time require. Borrower and Lender intend this assignment of Rents to be immediately effective and to constitute an absolute pres�nt assi�nmcnt and not an assignment for additional security only. Fnr purposes af giving eff'ect to this absolute assignment of Rents, and for no other purpose, Rents shall nat be de�med to be a part of the "Mortgaged Property," as that term is defined in Section 1(s). However, if this present, absolute and unconditional a;;sigrunent af l�ents is nat enfarceable by its tcrms under the laws of the 1'roperty ]urisdiction, then the Rents shall be included as a part af the Mortgag�d Property and it is the intention of the Borrower that in this circumstance this Instrument create and perfect a lien on Rents in favor of Lender, which lien sha11 be effective as of the date of this Instrument. FANNIE MAE MULTiFAMILY SECURITY INSTRUME1vT - Form 402$ 06/09 Page 7 NEBRASKA Q� 1997-2�09 Hsnnic Mae