|
' ASSIGNMENT OF RENTS RIDER g8`���3a31 :
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 20th day of__ Ap�II 1998 . and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure Borrowei's indebtedness,
<br /> hereinafter refe�red to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to as the "Lender", of the same date and covering the :
<br /> property described in the Securiry Instrument and located at:
<br /> 1607 W CHARLES GRAND ISLAND NEBRASKA 68801
<br /> (Property Addrsss)
<br /> W ITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constkute additional securfty :
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, it is agreed that the Security Instrument shall be amended hereby and deemed to include the following provisions:
<br /> 1. A�sipnment of Rents and Lender Rental Collection Ri�hts. Borrower hereby absolutely and uncondkionally assigns all rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the right, power and suthority during the continuance of the SecurRy Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property located thereon with or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borrower's collection and retention of such rents, issues and profks as they
<br /> accrue and become payable, so long as Borrower is not, at such time, in defauft with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. Apoointment of Receiver. If any event of defauft u� respect to the Security Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and wkhout notice to Borrower or anyone claiming under Borrower, and without regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Ripht to Possession. In case of defauft in the payment of the said principal Note or interest, or any part thereof, as it shall mature,
<br /> or in the case of failure to keep or perform any of the convenants or agreements contained in the Security Instrument, then the Lender, its
<br /> successors or assigns, shall be and is hereby suthorized and empowered to take immediate possession of the said premises thereh
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Ap�lication of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be applied first to payment of the costs
<br /> of management of the property and collection of rents, including, but not I�nited to, receiver's fees, premiums on receiver's bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Securky Instrument. Lender and the receiver shall be liable to account ony
<br /> for those rents actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Security Instrument shall,
<br /> unless otherwise spec'rfically required, be construed in accordance wkh Nebraska Iaw, and in the event any provision herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceable, the same shall be construed as though such
<br /> unenforceable provisbn were not part hereof or thereof.
<br /> 6. Effect ot Rider. Except as spec'rfically modffied by or inconsistent with this Assignment of Rents Rider or by any other applicable
<br /> rider, all of the terms and provisions contained in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider n th d te first not d e.
<br /> Borrows G ROBINS
<br /> Borrow�r
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 20th day of April , 1998 , before me, the undersigned, a Notary Public duly commiss(oned and
<br /> qua�ified for said county, personaly came JEFFREY G ROBINS . AN UNMARRIED INDIVIDUAL
<br /> , to
<br /> be the identkal person(s) whose name(s) islare subscr�ed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notar' Seal GRAND ISLAND NEBRASKA ' said county, the
<br /> date aforesaid. �'
<br /> ;�. �' Ci!'+
<br /> ..:;,., r, � s
<br /> 9 .,.,
<br /> °�;��. ;� �^ �
<br /> _
<br /> e..,�,,:t �q�y � .. �
<br /> �.f� E� Gl
<br /> y�v��A,9 �9`. No, y Public�y�LLIAM L. cLEL
<br /> �P'',ij 'r�� J'/d/
<br /> My Commission expires: AUGUST 12 20 F�- �9�o�y
<br /> `� ��' �'pij,s�d
<br /> �.q��✓
<br /> F10815.LM0 (8/94) _
<br />
|