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<br />86-. 105825
<br />ASSIGNMENT OF LEASES AND RENTS
<br />THIS ASSIGNMSNT, reach this 6th day of October t9 g6
<br />Joseph A. Sonneland & Sara W. Sonneland, husband & wife
<br />by
<br />residing at or having an office st Grand Island Nebraska
<br />"A ,). IrjrsTHr ftnx, fMaflonW Aswejaffon, Omaha, Nebraska having
<br />its principal office at Omaha, Nebraska (ha rain in called "Assignee').
<br />OITNi6i9VM
<br />FOR VALUE RXCSIVED, Assignor hereby grants.transfers and assig=tothe Assignee all oftheright, title
<br />and interest of Assio nsr is and to aryr mad aU leases and other tenancies now or bersaRer made on or with respect to the real
<br />estate IacN Hall County, Nebraska and more particularly described
<br />ed in
<br />iw Seidaie A barest; which real estate shall be rshrred to hm"ahwm "Premises ". including. but eat limited to tnatcwtain
<br />[wiraertMaaeatai a iws9m, with modilkodamifany. dow ibedin Sehadu)e 8 bwuof covwinstbePremisw, toptherwith,
<br />(q any and all extensions er rasewsle therm A (M gay and aU guarsapss of the Iussss'e obligations under my thereof and
<br />wader any and all aalsasisom er renewals of any tbsrsK gad (S) all runts, pages. profits, revenues, deposits, earnest money
<br />ppaayy right and bas6b now or harsafter arising from each )ease and tenancies or for the use said occupancy of the
<br />Pnmosw ad gay and all exnsion te aad naawala tbwoof. Said teases and tenancies or other ass of the Premises together
<br />with any and all gawaatess, ssdi6eMiooa6 eabosion, and renewal tbersof shall be sometimes hereinafter referred te w the
<br />"Lases" or -Luaus ;
<br />FOR TOR PURPO`i OF SECURING:
<br />Offft Payment sad par 6 saw of each and every debt. liability and obligation of every type and description
<br />wwcb Amigaar any an► w anylims beresher owe b Assignee, including. but not limited to, the indebtedness of
<br />seco d by tbat certain mod er deed at' mote by the Assignor to the Asahgnem dated October 6 19
<br />sal nowdai aria ie reeesded at prier is th&noerdiag otthis A isomant. or any other mortgage or dead of trust hereafter
<br />onv vies tin whsismany partetths Promises, (whether each debt, liability, or ob igadon now exists oris hereafter crested or
<br />iwrred and wbatber it is t r may w direct sr indirect, due w to become dn, absolute or contingent. primary or secondary.
<br />Ugeiialei
<br />or as k ideaA er jiat, several. ar joint and several. age such debts, liabilities and obligations being herein coUeo
<br />tireiy eefwwd M semestimu as the "Obligations"k and
<br />TWO: padermsnceand discbargeof each andevery obligation. covenant andagreamsntofAssignorcontained
<br />herein or in aq each aeetgaga tor dead at treat or any note or bond eecend t -weby, or in any obligation or any .,curing
<br />doessmost given b emenectioa with any of the Obligations second hereby.
<br />A. TO PROTECT THd SECURITY OF THIS ASSIGNMENT ASSIGNOR AGREES, WITH RESPECT
<br />TO EACH IXASB:
<br />L To faithfeft abide by. perform and discharge each and every obligation, covenant and agreement of the Dusee
<br />by Lwewr to be per[eerad, to give prompt notice to the Assignee of any notice otdefaulton the partof Assignor with respect to
<br />the Lower mired from Lassos or guamoter, together with as accurate and c mepiote copy of any such notice at the sole cost
<br />and esg ease etAssigner,to mfomersscwathe perfoemanceafeachandevery obligation, covenaet,00ndition and agreement
<br />attha Less by theLassee te be pwfoemd; netts modify erisany wayalter thetermsofthe LAase; motto taeminatetbttermof
<br />the Lesss and Net b accept a seneader of the rats ibsewader er, to waive, excess, condone or in any runner reiws or die*
<br />charaa ibe Lrmsm thwwadw frees the obligations. eoaveaante, eadamw and agreements by the I-- to be performed,
<br />iacediag fM obligation so pay the rgmal ailed for thersander in the manner and at the place and time specified therein. and
<br />Assignor isms b ehmsspreasotsesprmsia reisas. relinquish and wrrwxdw unto the Assignee all Assignor's right, power and
<br />authority to modify oria any ways tine grs►s orprorisioas of t)ne L.mse, or te te:seinate the termer aeapta smrrsihderthere
<br />of, and any attempt an tha part of ter nor Assig to exoet A gay such right without the written authority and consent of the
<br />Asaigaes thereto Ming first had and obtained shall constitute a Default of the tams hereof. as defined heninaftar. entitling
<br />the Assignee to declare an was secured hereby immdi&Wy due and payable.
<br />L At Assignor's sole cost and expense to appear in and defend any action or proceeding arising under, growing out
<br />of or in any mannsreonoselad with the lease or theobiigations, datiss or liabilities of Lessor, iwssee or guarantor therwnder,
<br />and to pay all costs and expenses of the Assignse. including attorney's fees in a reasonable sum, in any such action or proceed-
<br />ing is which the Assignee may appear.
<br />& That abodd Assignor fail to make any payment or to do any act wherein provided, then the Asssignes, bu,
<br />without obligation so to do and without notice tour demand on Assignor. and without releasing Assignor from any obligation
<br />baroK mrsaayy asalesordo theasswin such mannerand tosuchostentasthe Assignee may deem necessary to protect the security
<br />hw*4 iacledithg ap@dficany, without Uniting its general powers. the right to appear in and defied any action or proceeding
<br />purporting is afleet the security bersst or the rights at powers of the Assignee, and also the right but not the duty to perform
<br />and discharge each and every obligation, covenant and agreement of Lssor in the Luse contained; and in exorcising any
<br />such paws" is pay woomary costs gad expanses, employ counsel and incur and pay resemobl attorney's fees.
<br />i. To pay immediately apon demand all sums expended by the Assignee under the authority hereof, together with
<br />interest tharoon at the highest rate ast forth la any of the Obligations secured hereby, and the same shall be added to the Obli•
<br />gatioes and shall be second hereby and by the acid mortgage or deed of trust.
<br />& That Assignor will not transfer or convey to the Lessee the fee title to the demised Premises, or any port thereof,
<br />anion the Law" assesses in writing and sgrow to pay the debt secured hereby in accordance with the terms, convenante and
<br />conditions of the said note or bond secured by said mortgage or deed of trust.
<br />C.f 071law Yep"
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