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<br /> ����11 �d ler �Ir P�DOrc of nrilnp 4nwovwMM� • "r;:--_—.�.-.__
<br /> ' � . � ' ��r� .•�MR�� Eu�l� In whlch IM Coaihvcllon °`�:
<br /> �.. 9�� �r ini«w� U Nwn � ��_
<br /> � . �� �. ASSIGNMENT OF LEASES AND RENTS �'_�'_-- -
<br /> . THI3 ASSICiNMENT�mede thls 16th �y o� June 19 92 , �.:at,_..
<br /> o '„' ;��,.-,,;. by Miahaei C ERickson and Lori a Eriakson, husbsnd and wife __ � � '�'�
<br /> � - 4314 Stoneridge Path Grand island, NF 68801 �.
<br /> . residfnq at or havlrp an ottice at � �=-. .? -�-���'
<br /> Firsller Bank,Natlonal Assocfadon,Omahe,Nabraske ����� �_'�
<br /> (herein celled"As9fpnor"),to �
<br />� � ' ita prfncfpal�(�ce at Omeha,Nebraske(hereln called"Assi�nee"1� . —
<br /> , �� WITNE33ETH: —'
<br /> FOR VALUE RECEIVED,Asslpnor hereby grants,bansfera and asaigns ta the Assignee ell of the rlghf,dde and ��--•�``-
<br /> " � interestofAssfpnorinandtoanyendallleasesandoriwrtenanafesnoworhereattermadeonorwithre�pecttothe�ealestate ____
<br /> ' located In Hali county, Nebsaska end more pardcularly descrlbed �-,-
<br /> inScheduleAhereof,whichrealeatateshellbe�ete►redtohereinafteras"Premiaea",Including,butnctlimltedtothetcerleln �.
<br /> �� LeasearthoseceAeinLeases,wNhmodlfications.Nany,desc�IbedlnScheduleBhereof,coveringthePremises;to�etherwith _.
<br /> ' � (1)any and ell extensions or renewals thareol,(2)any end all guerantees of the Lesee's obllgadons under any thereof and __
<br /> � . under any and all entensfona or ren�wals of any thereof,and(3)all rents,issuea,proflts,revenuea,deposlts,eamest money M=-�.1};;yY; ---�--
<br /> • paymenta,rights and beneflt�now or hereatter arlsing irum auch lease and tenancies or tor the use and xcupancy o1 the
<br /> � � Premises,and any and all extenalons and renewals thereof.3aid leasea and tenancies ar other use oi the Premises together �,��__:�•
<br /> ' . witha��►andallgua►antees,moditicetlons,extensions,andrenewalathereofshellbeaometimeahereinefterreferredtoesthe �.
<br /> ` „L688B'Of"Lee888": �,{..-
<br /> � ' ' — -
<br /> � ' • FOR THE PURPOSE OF SECURIN(i: -
<br /> ONE: Payment and pe�lormance of each end every debL liabllfty and obligaUon of every tYpe and descrlp�� '. .-� �
<br /> - whfch Asslpnor mey now or enytlme hereafter owe to Aaslgnee,Including,but not Ilmlted to,the Indeb�ednees of As91 ,��_:
<br /> T»nw 26
<br /> securedby that cermin mortgege or deed of aust made by the Aasognor to the Assipnee dated �19 92----� �...-
<br /> end recorded orto bo recorded at or prlor to the recordln�of thlsAssfqnment,or a�y other mo►t�ege ordeed of trusthereafter ��`f��,=;.
<br /> �.
<br /> --- - - covering the whoie or eny pariui ihe Pretnlsss,(whalhcr such debt,lEabllfty,or�llgeNon now exista or Is hereaRer created or F?��__
<br /> � incurred and whethor It Is or may be dlrect or Indlrect,due or to become due,ebsolute or conUngent,p►imary or secondery, "r�.—�-'"" -
<br /> liquldated or unliquldeted,or join� aeveral,or Joint and several,all euch debto, IlebiNtfes end obllpatlona belnp herein �� s'�- „, �
<br /> . collecdvely►efer►ed to sameNmes as the"ObllyaUons'�;end -t'�'"�-"' ' � =
<br /> ����
<br /> TWO: Performanco and dlscharge of each and every obllgation, covenant end agreement of Asslgnor � • �',.
<br /> contained herein or in any auch mortgege or deed of truat or any note or bond aecured thereby,or in any oblbatfon or any ;:: .,,:;;
<br /> secu►in�document piven in connectlon wlth any of the Oblipatlons secured hereby. ;�::';�^4�-�''�
<br /> � a
<br /> TO PROTECT THE SECURITY OF THIS AS3IGNMENT ASSI(3NOR AaREES,WITH RESPECT TO EACH '.`, `��
<br /> LFJISE: � "-
<br /> 1. To faithfully abide by,perform and dlscherge each and every obN�adon,covenant and agreement of the Lease � --=_
<br /> by Leasor to be performed,to gfve prompt notice to theAssignee of eny notice o(default on the pe�t of assf�nor wlth respectto E �''�:;a
<br /> theLeasereceiv�diromLesseeorguarantor,togetherwlthenaccurateandcompletecopy ofanyouchnotice:atthesolecost �
<br /> and expense of Assignor,to entorce or secure the performance of each end every oblfgatlon,covenent,condltlon and _;;
<br /> agreement of the Lease by the lesaee to be performed;not to modly or In any way elterthe terma otthe Lease;notto terminate ; "y
<br /> tho term of the Lease and not to eccept a surrender of the rents thereunder or to walve,excuse,condone or In any manner � ,+1,��`
<br /> �elease or dlscharge the Lessee thereunder Irom the obligatlons,covenants,conditions end agreementa by the Lessee to be ,
<br /> performed,including the obifgetlon to pay the rental called for thereunder in the manner and at the plaCe and tlme apeclHed .
<br /> therefn,and Assignor does by these prese�ts expressly release,relinquish and surrender unto the Assignee all Assignor's ;
<br /> ' rl�ht,power and authorlry to modlly or fn any way alter the terms or provisions oi the Lease,or to terminete the term oraCCept a .
<br /> surrender thereof,and any attempt on the paR ol the Asslgnor to exerclse any such right wlthout the wrllten euthorlty and
<br /> hereina er,tentitlinp h e Asslqnee odegcla et ala um secuied he eby imnmedlately due and peyabl�erms hereof, es deflned
<br /> � 2. At Assignor's sote cost and expense to appear In and defend any action or proceeding arfsing under,growing
<br /> � � out of or fn eny man�er connected with the Lease or the obligatlona,duties or liabilities of Lessor, Lerssee or guerantor
<br /> i thereunder,and to pay all costs and expenses of the Asaignee,including attorney's fees in a reasonable sum,in any such
<br /> ection or prxeedfng In which the Asafgnee may appear.
<br /> 3. That should Assignor tail to make any payment or to do eny act as herefn provided,then the Assfgnee,but
<br /> � without obligatlon so to do and wlthout notice to or demand on Assignor,and wlthout releasing Asslgnor hom any obligatfon
<br /> � hereof,may make or do the same in such menner and to such extent as the Assignee may deem necessary to protect the
<br /> securlty hereof,including specillcally,wlthout limitlng its qeneral powers,the right to appear In end defend eny actfon or
<br />� proceedfng purporting to aNect the securlty hereo►or the rfghts or powers of the Assfgnee,and also the right but not the duly to
<br /> perform and discharge each and every obllgatfon, covenont and agreement of Lessor In the Lease conteined; and in
<br /> exercising any such powers to pay necessary costs and expenses,employ counsel and Incur and pay reasonable altomey's
<br /> fees.
<br /> 4. To pay fmmediately upon demand all sums expended by ihe Assignee under the authorfry hereof,together with
<br /> interest thereon at the highest rate set fo�th In any ot the Obligations secured hereby,and the same shall be added to the
<br /> ObN�ations and shall be secured hereby and by the safd mortgege or deed of trust.
<br /> 5. That Assignor will not transler or convey to the Lessee the fee tftle to the demised Premises,or eny pa�t thereof,
<br /> unless the Lessee assumes fn wrftfng and agrees to pay the debt secured hereby m accordance wfth the terms,covenanls and
<br /> conditlons of the said note or bond secured by said moAgage or deed ol trust.
<br /> .,,,,,, .�. .
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