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<br />A. Existing or future leases, subleases, licenses, guaranties and any other written or verbal agreements for
<br />the use and occupancy of the Property, including but not limited to any extensions, renewals, modifications
<br />or replacements (Leasesi.
<br />B. Rents, issues and profits, including but not limited to security deposits, minimum rents, percentage rents,
<br />additional rents, common area maintenance charges, parking charges, real estate taxes, other applicable
<br />taxes, insurance premium contributions, liquidated damages following default, cancellation premiums, "loss
<br />ot rents" insurance, guest receipts, revenues, royalties, proceeds, bonuses, accounts, contract rights,
<br />general intangibles, and all rights and claims which Grantor may have that in any way pertain to or are on
<br />account of the use or occupancy of the whole or any part of the Property (Rents).
<br />In the event any item listed as Leases or Rents is determined to be personal property, this Assignment will also
<br />be regarded as a security agreement. Grantor wilt promptly provide Lender with copies of the Leases and wil!
<br />certify these Leases are true and correct copies. The existing Leases will be provided on execution of the
<br />Assignment, and all future Leases and any other information with respect to these Leases will be provided
<br />immediately after they are executed. Grantor may collect, receive, enjoy and use the Rents so long as Grantor
<br />is not in default. Grantor will not collect in advance any Rents due in future lease periods, unless Grantor first
<br />obtains Lender's written consent. Upon default, Grantor will receive any Rents in trust for Lender and Grantor
<br />will not commingle the Rents with any other funds. When Lender so directs, Grantor wifl endorse and deliver
<br />any payments of Rents from the Property to Lender, Amounts collected will be applied at Lender's discretion
<br />to the Secured Debts, the costs of managing, protecting and preserving the Rroperty, and other hecessary
<br />expenses. Grantor agrees that this Security Instrument is immediately effective between Grantor and Lender
<br />and effective as to third parties on the recording of this Assignment. As long as this Assignment is in effect,
<br />Grantor warrants and represents that no default exists under the Leases, and the parties subject to the Leases
<br />have not violated any applicable law on leases, licenses and landlords and tenants. Grantor, at its sole cost
<br />and expense, will keep, observe and perform, and require all other parties to the Leases to comply with the
<br />Leases and any applicable law. If Grantor or any party to the Lease defaults or fails to observe any applicable
<br />law, Grantor will promptly notify Lender. If Grantor neglects or refuses to enforce compliance with the terms
<br />of the Leases, then Lender may, at Lender's option, enforce compliance. Grantor will not sublet, modify,
<br />extend, cancel, or otherwise alter the Leases, or accept the surrender of the Property covered by the Leases
<br />(unless the Leases so req�ir-e� wit Q.u,t,.�l,.end �'s c,�ta,s�t. Gra or I not_assign , compromise, subordinate or
<br />encumber the Leases a�! ffe��� .it�� ���e c�erf'� n�w�ti te,rt�o�s�nt. � e�der: ��oes not assume or become
<br />liable for the Property's �ainte , n���re r�t o,�°-�th�r � I ���� d �p��# . s��en Lender acts to manage,
<br />rotect or reserve the ��r� er ��'�� �;.n r I�c�� s�s�ns.�� `� d�� '�e�� t�t�s_ e li ence or intentional
<br />p P ���?.��'`��' P�� w. —:�.,� ' 9� � �. �� � a � 9 9
<br />torts. Otherwise, Grantor'``�t�nd�nify��r�er a`�t�-h "old�' nc�er h� ��ss fo��ll fiiabihty, loss or damage that
<br />Lender may incur when Lender opts to exercise any of its remedies against any party obligated under the
<br />Leases.
<br />13. DEFAULT. Grantor will be in default if any of the fol(owing events (known separately and collectively as an
<br />Evenfi of Default) occur:
<br />A. Payments. Grantor fails to make a payment in full when due.
<br />B. Insolvency or Bankruptcy. The death, dissolution or insolvency of, appointment of a receiver by or on
<br />behalf of, application of any debtor relief law, the assignment for the benefit of creditors by or on behalf of,
<br />the voluntary or involuntary termination of existence by, or the commencement of any proceeding under any
<br />present or future federal or state insolvency, bankruptcy, reorganization, composition or debtor relief law by
<br />or against Grantor, Borrower, or any co-signer, endorser, surety or guarantor of this Security Instrument or
<br />any other obligations Borrower has with Lender.
<br />C. Death or Incompetency. Grantor dies or is declared legally incompetent.
<br />D. Failure to Perform. Grantor fails to perform any condition or to keep any promise or covenant of this
<br />Security Instrument.
<br />E. Other pocuments. A default occurs under the terms of any other document relating to the Secured
<br />Debts.
<br />F. Other Agreements. Grantor is in default on any other debt or agreement Grantor has with Lender.
<br />G. Misrepresentation. Grantor makes any verbal or written statement or provides any financial information
<br />that is untrue, inaccurate, or conceals a material fact at the time it is m ade or provided.
<br />KELLY CONNELLY
<br />Nebreska Deed Of Trust
<br />NE/4XXDIANNKOOOOb000000621053062311N Wolters Kluwer Financial Services m1996, 2011 Bankers SystemsT""
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