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<br /> 1. Assignor does hereby absolutely aad uuconditionally gran�uansfer.bargain,sell.assign. ��:,.'': -_ .` .
<br /> coavey.and set over unw Assigaee.its successors aad assigns.all of the righ�title and interest of Assignor in,w - - �-�; �
<br />=- -, -. — _,� �— ,
<br /> . �`�`: j and uader the I.eases.wgether with aU rents.earnings.iacome.pmfits.beuefits and advanrages arising from the ', r:- ' -�
<br /> . . . . � � Property and from said I.eases and aU other sums due ar to become dae uader and purs�ant thereto.and mgether ` •; ;' �:`
<br />_ � , � `. ' �� �vith aay and aU guarantees of or uader aay of said lxases,and together witb all right�,powers,priv�e8es,optioas . .
<br /> � - ; and other benefits of Assigaor as lessor uader the Leases,including.without limitation,the immediate and contiauing �:
<br /> � � `• .,� right w receive and wllect all rents.income,reveaues.issaes.profiu,condemnation awaids,�ce praceeds. � .°`_
<br /> ` . � " ;� moneys and serurity payable or receivable tmder the Leases or p�nsu�wt to any of the pmvisioas thereof.whether �::.F-.;�, ;,,
<br /> �r• � . . ) as rent or otherwise.the right w accept or reject any offer made bp any tenant putsuant to its Lease w purc6ase the ` `.. , .��:���.
<br /> • Property and any other property sabject W the Lease as therein provided and w perfo:m all other necessary or ::���-
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<br />.v.�, . appropriate acts with respecc to sucb I.rases as ageat and atwmey-in-fact for Assignor.and the right to mage all � � —
<br /> . waiveis and agreements,wgive and rece'n+e all notices.conseau and releases,to take sucb action upon thehappening . - �°;._�_---
<br /> � �.�. of a defauIt ander any Lease,mcluding the wmm����canduct and con�atlon of proceedings at law or ia � _ _
<br /> � .. equity as shall be permiued under aup provisioa of azry Lease or by auy law,and to do aay and all other t6ings --=�"`=:= 'Li -
<br /> , . whatsoever which the Assigaor is or may become entided w do under any such Lease. Notwithstanding the . , 'z`�a.
<br /> - : . provisioas of this paragraph 1.so long as no default shall e�rist tmder We Note or aay of the Loan Doam�s and �- �?-�'�
<br /> • �� L no eveat sha11 have occurred which by the lapse of t�e or the giving of nodce,or both.has or aould become an � ' ..���.�_-
<br /> �y` event ofdefault thereunder.Assi `
<br /> •r g�wr shall have die right and license to accupy the Property as landloN or otherwise ��
<br /> � and to collect,use and en o the rents,issues and mfits and other awns a able under and vimie of an Lease ',,� • .�,'�'_:-
<br /> `�';� J Y P P Y bY Y ' .�.,_�--
<br /> ' ., ., f but only as the same become due uader the pmvisians of sucb Lease)and w enforce the covenants of the Leases. „ ;:�::
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<br /> - • . . 2. T6is Assigiunent is made and given and shall remain in fnIl force antl effect until:(a)the payment ' ;-=�s.:
<br /> in full of all primcipal. interest and other surns due under the Note;and(b)the perfoimance and o6servance by . .+':�
<br />-=- Assigaor of all of the tcnms,coveuanu and coaditions w be perfo�or observed by Assignor under the Note aad -- :�--;'.=�:�-
<br /> t' � the Loaz►Doc�enrs. , � r�-
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<br /> " ' � � 3. Assignor represents.warraats.coveaants and agrees:(a)that Assignor has good rlght aad authority .. � ,-�'�
<br /> �= to ma1ce this Assignment,and Assignor hoids the ent�ee aad uuenaimbemd rights of the landlord under each of the �. .. '::�.:�r;»
<br /> . �. L.eases;N)that neithet Assignor nor any predecessor leasor mas heretofore alieaated,assigned,pledged or otherwise � '��
<br /> - � disposed of or eucUmbered the Leases,or any of the sams due or to become due tlterennder,whicb remams effective �� '�.�:�
<br /> '�_ . as of the date hereof,aad tLat aeither Assignor nor any predecessor lessor has performed any acts or executed aay "-.��.=
<br /> : : . _ . other instruments which might prevent Assignee frara operating under any of the tenas and condidons of this ' .,.�°`-
<br /> _ � . �� Assigument or wluch would limit Assignee in such operacioa;(c)tliat Assignor has not accepted or collecced rent or • .. '. •��"`
<br /> • any other gayments uader any Lease,other than req�ireQ security deposiu.for aay petiod subsequeat to the current • -'
<br /> , _, perlad for which such rent or otlser payment bias already become due and payable;(d)that Assignor has not executed , ��'�'"
<br /> _ or granted any ameudment or modificadon whatever of aay of the Lxases.either orally or ia aritiag,whicb devlate . .. '-�•
<br /> �_� from the Lease terms shown ia the rent roll(the"Rent RoU")delivered by Assignor to Asslgnee in wnnecaon with , °
<br /> � the execudon of the Note:(e)eacept as reftected iu 2��Rent RoU.that there is no defautt under aay of the Leases • _ .
<br /> ' �. . . ��` aow existing and no event has accuaed and is continuing wlucb.wIth the lapse of ame or the�g of nodce or • •` ' , �
<br /> ,. � ' both,would coastitutc an event of default uuder any of the Leases;(�that Assignar will observe,perform and '"
<br /> ` • . . . . discharge,duly and puactuaUy,all and smgnlar the obligadoas.terms.tovenants.condidons aad warraaHes of the .
<br />` :�,; . ; � � Note.the Insuument,this AssigQatent or any other Loan Document and any Lease.on the part of Assignor to be :: • . �° . .
<br /> _ kept. observed aad performed; (g) w enforce the perfarmance of eacb and eve ry obli gaaon. teim. wvenan t.
<br /> • ► condidon and agreement in said Leases by any tenant to be performed;(h)to appear in and defend aay acdon or �� � ��
<br /> proceed'mg ansing under,occarring out of or in any maaner connected wIth said l.eases,or the obligaaons.dudes � : �
<br /> ' ' � ' or liabilities of Assignor ot any tenant tbereunder,and npon request by Assignee to do so in the name and on behalf " '
<br /> :��' �. �`' � of Assigaec.but at ihe expense of Assigaor;(i)that Assignor arill.upon the request of Assignee,e�cecufe and deliver �
<br /> ' . to Assignee such further iastruments and do aad perform such other acts and things as Assignee may deem reasonably �.. • •
<br /> �: . necessary or appropriace to make effective this Assigament and the varions covenaats of Assignor herein coataiaed, �
<br /> �'`� and to more effectively vest in and secure to Assignee the sums due or hereaftes to become due under the l.eases.
<br /> �� iacluding,without limitatioa,the execution of such addidonal assignments as shall be deemed aecP�sary by Assignee , �
<br /> Assl�m�i of Leases and Reats(Prtge 1 oJ9) . � � .
<br /> � Property:NLtgtwood Earater,GmnJ Islmr4 Nebmrka �
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