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<br /> � ' �2-23-1996 A551CNMENT OF RENTS �—�.��a3fi Pege � .
<br /> Loar� No 371�72 (Contlnued) _ ;
<br /> ; ,' performance ot the Indebtedness Is Impelrod.
<br /> � Insenuriry. lender In pood faith deems itsalf Insecure. -
<br /> Ripht to Cure. If such a failuro Is curable and if Orentor has not Ueen piven a noUce of a breach oi the snmo provlslon of thls AsslgnmeM -
<br /> withln the preceding iwelve(12) monih5, It may be cured(and no Evont of Defaull wlll have occurted)It(irantor,etter Lender Sends wdtlen
<br /> ` nollce demanding cure of such failure: (n)cures the fallure withln fltteon(16) days; or (b)If the cure requlres more than Hfteen (16)deys,
<br /> , immedlataly Initlates stops sufllclunl M ru•P�ne failure and theroaHar continues and completes all reasonable and necassary steps sufNclent to
<br /> � produce compllance as soon as roasonnbly prnctical.
<br /> RlGHTS AND REMEDIES ON 6EFA�ILT. Upon iha occurrence of sny Evont of Default and et nny time thereafter,Lender may oxerclse any one or
<br /> more of the foliowing rights and remediss,In addllion to eny other rl8hts or remedlss provlded by Iaw:
<br /> ° Accelerete Indebteslness. Lender shall have the right at Its opflon to Oeci4re the entlre Indebtedness ImmoOist�ly due and pnyabte,Ir�cludi;ti � �
<br /> � � any prep3yment ponfliry which Grentor would bo requlred to pay.
<br /> • ColFxtt Renis. lsndor shall hsve th3 ri,l�t,without notice to Grnntor, to take poss�esslon of the Proporty nnd colleot the Ronts, Including
<br /> amounts past due end unpald,anA appiy the net proceeds,over and above Lenders Costs,aguinst the Indebtednoss. In IuAherance of this
<br /> right,Lender shali have all tho rfghis provided for In the Lendsr's Rl�hl to Coltect Section,nbovo. It the Rents ere coliected by Lender,ihen
<br /> Grentor Irrevocably designates Lender as Grantors etlorney-In-tact to endorsa Instruments recolved In payment thereot!n the name of Orantor
<br /> and to negoflate the seme end collect fhe proceeds. Peymento by tenants or other users to Lender In response to Londor'o demsnd ahall
<br /> satisty tho obligatlons for which lhe paymonts aro made,whether or not any proper grounds 10�the demand oxistad. Lender m�y exarcis�tU ; -M•Y
<br /> . rights under thls subperagreph elther In person,by eyent,or throuyh a racelver. ---
<br /> ' AppolM Recelver. Lendor shall hsve lhe r1pht to heve a recelver appolntod ro take possesslon of all or any part ol the Property,with tho power ;+�r,-:a�,�-
<br /> to protect and presorve tho PmpeAy,to operate Ihe Property pracedlnp toreclosure or sals,and to cdlect the Ranta hom the Property and epply .��,....:�.�:__�:��
<br /> the prxeeds,over end above the cosl ot the recelvershlp,apelnsl fhe Indebtednoss. Tho recllvet mey Nrve w�lhouf band if pormlttad by law. ._
<br /> Lender's ripht to Ihe eppolntment a1 a rcicalwr ahall axlst+vhether or not Ihe apparent value of the ProperN exceeda�he Indeblednese by a u '.
<br /> . 6 substeNlal emounL Emptqyment by Lender shail not disquallty a person hom ceMnp as n r�ceiver. �,��`��—�
<br /> � Other Remedles. Lender ehall hevs ell otha riphts end remedlas provided In thle Assbnmsnt or ths Nole or by Inw.
<br /> '�: �
<br /> Waver,Electlon of Rem�dlei. A walver by any perry of e breach of a proNsion ol this Assiflnment shall nol constitute a welver of or pre�udice � �''�;� _
<br /> the partyrs rtphts otherwise to demand sMCt comp�ence wilh that provlsian or eny other provlslon. Elecl�on by Lender to pursue any remady
<br /> � sheli not exGude pureuit of eny other remedy,end en electlon to make e�endllures or take actlon to pertorm an oblipatlon of Orantor under ;``'�.
<br /> +� � ' this Assipnment aftor fallure of Qrantor !o peAorm shall not aNect Lenders right to dectare a defauli and exerclse its remedies under thls •� �a,�.,,'�;���,T
<br /> . • Asslgnmenl. � i K� ���—
<br /> ,1 .
<br /> X Attomeys'Fees;DcpEnae�. If Lender Institutes eny suit or action to enforce sny of thb b�rms of this Asslgnment,Lender shail be entllled to : �;:i'�.
<br /> , �-� recover such sum as lhe court may adJudge reasonable ns ettorneys'tees at tdal and on eny flppoal. Whether or not flny court aclion Is � ��__,
<br /> Invotved,all reasonahle expenses incurted by Lender that In Lender's opinlon are necessary et any time ta the prott�ction of its Interesl a the fi .3 .,
<br /> � � � entorcement of Its rlghts shall beCOme a part oT the Indebledness payable on demand and shali bear Interest from tho date ot expenditure unfil �s
<br /> g repald at tha rate provided}or In the Note. Expenses covered by this parapraph Include,wlthout Ilmitatlon,however subJect to any Ilmits under
<br /> _-___—__� o�Mi�w���i��;�ig�.�o�e aMnrnwy5'iwes and Lenders lopal expenSes whether Or not th9re Is fl 18wsult,InCluding attorneys'1pe9 fOr benkNptCy
<br /> . proceedings pncluding eNorts to modly ar vacate any automatic stay or InJuncUOn),appeais and any aniicipuinu' N�h�w��A���'m�ar
<br /> seMCes,the cost ot searching reCOrds, oblelning Iitle roports(Induding taectosure reports),sterveyors' reports,and apprfllssl lees,and titio
<br /> � Insurance,to the extent permitted by eppticable law.Cirantor elso will pay any court costs,In addition to atl other eums proNded by law. ,
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<br /> ;` MISCELLANEOUS PROVISIONB. The followlnp m(scelleneous provislons are a part ot thts Assi�nment
<br /> Amendmenta. This llsslynment,topether wlth any Retated Documents,constltutos the entlre unde�standinp and aqreement of iho partfes as to
<br /> the matters set torth In this Assignment. IVo alterahon ot Or amendment to thls Assignment shall be eftective untess plven In writing end signed '� �
<br /> � by the parry or parHes souyht to be chareed ar bound by tho allAratlon or amendment.
<br /> k: � ,:-
<br /> Appllceale Law. Thls AsNpnment has bee�dellveretl to Lender�nd�ccepted by Le�der In tM SUt�of NNx�fic�. Tht�AsWpnmeel i
<br /> etidi be povemsd by�nd construed In�ccordance w�th the I�wa ot ihe SUat�of Nabrask�.
<br /> Multiple PDA1es. All oblipettons of Grantar under Ihis Assignment shail be Jo1nt end several,and all references to Grantor shaU mean ear,h and t
<br /> every Grantor. This means that eech of the persons signing below Is respons!blo lor eli obligeflons In this Assipnment. ,
<br /> No Modiftcatlon. Grantor ahali not enler Into any egreemer.f wlth ihe hold�x of eny mortQaqe,deed ut tn+sl,or oiher secudty aqrsement whfch �,�.,�
<br /> Lender� Gra tor sh�nll nol her eequest nor acc pt en�utu e�advenc sdunder any suc esoou ty agreemenl wit ouut t e prla wrinen consent al �fJ�
<br /> , .« Lender.
<br /> � Seorereblllty. If a couR of competent Jurisdlctlon Ands any provlslon of thls A351flnment to be inval;d or unentorceabte 45 to any Derson a
<br /> clrcumstence,such flndinp shall not render thpt provision Inveild or unenfaceable as to any othor persons or Clrcumstan�es. If feeslble, any
<br />- � suah oftending proNSlon shall be deemed to be moQifled to be vulthin the Iimib of entaceability a valldriy;howaver,If ttw otfendlnp provlsion
<br /> cennot be so modlAed,it shell be stricken end aIi other proNslons ot this Assignment in nll other respect�shnll remaln vaiid end enforcetbie.
<br />- Succetsors and Aalpea. SubJect to the umitatlons stated In thls Asslynment on transfer of Qrantor'e interest,thh Rs�lynment ehall be bindirp ���_,
<br /> `� upon and Inure to the benelit of fhe parties,thelr successors nnd msslpns. II ownershlp of the Property becamms vested In i peraOn nther than
<br /> tirantor,Lendsr,without nodca to Orantor,may dea�with arantor's successas wlth►ekre�to thls Assiflnment and th�Indebtedness by wAy _
<br /> = " of torbearence or extenston without releaslnp Ciruntor from the obi!yations Of this Asslpnment or Ilablilly under the Indebtednegs. �--° °°-
<br />' ' Tlme Is of the Fasence. T1me Is of the essonce In tho pedormance of this AsslgnmenL �""'�;
<br /> ��'.' Wdver of Homesteed Dcemptlon. Grentor hereby reieeses and waives A�rights and benefits ot the homesteud exemptlon lawa Of the S1ate d .
<br /> + Nebreska as to all indabtedness secured by ihls AsslgnmeM. "� `� •"
<br /> ,, �-��rt.; 3r:.:.
<br /> Walvefe And COnaenls. Lender shall not bo dc�med to huve walved any riqhts under thls A,sipnment(or under the RelAted DnCUmenbl ��-y,�,,,.,�,�,�•..
<br /> unless such waivar Is In wdting and slgned by Lendar. No delay or omisslon on the part of Lender In exerClslnfl any riyht sha0 opetate as a •,;,�. . •._;,�y,,;:,�
<br /> ' � .� wuiver of such right or eny other rlght. A waivor by any parly of e provislon oi thls Assignment shall not constitule a waiver of or preJudice 1fw :�.,=;�?^y;:,;,,,:,
<br /> � parly's righl otherwlse to demand strbt compllanc0 with ihat provislon or eny other provislon. No prior walver by Lender, nor eny course of �,:: �4,.�^;,_:•
<br /> � ;� deailrw� between lAnt1�Ynd Granta, shflll constitute e walver of any of Londers rights or any of Orantor's obligatlons as to eny future �:
<br />- � :• hansactlons. Whenever Consent by Lender Is raquirAd In this Assignmont,the prnnHnfl of such consent by Londer In eny Instance shall nd r ..
<br /> - . constitute continulnp consent to subsequent Instencas where such consent Is�equired. ,
<br />� HACH GRANTOR ACKHOWLEDC3E3 HAVINGt READ ALL 'fHE PROV19Ial13 OF THIS ASSIGNMEMT OF RENTS, AND EACH (iRANT08 _
<br /> , AGREES TO ITS THAIYSS.
<br /> �� GRANTOR:
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