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� �98— it�3852
<br /> • � ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 24th day of Apl'll . 1998 , and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinaRer referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter refeRed to as the "Borrower", to secure Borrowers indebtedness,
<br /> hereinafter referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , here�after referred to as the "Lender", of the same date and covering the
<br /> property described in the Security Instrument and located at:
<br /> 624 E MACARTHUR GRAND ISLAND NEBRASKA 6880t
<br /> (Propsrty Addrsse)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute additional security
<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. Ass�nment of Rents and Lender Rental Collection Riahts. Borrower hereby absolutely and unconditionally assigns all rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the right, power and author'ity during the continuance of the Security 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 profits as they
<br /> accrue and become payable, so long as Borrower is not, at such time, in default with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A�oointment of Receiver. If any event of defauR in respect to the Securiry Instrument shall have occurred and be cont�uing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone claiming under Borrower, and wkhout regard to the value of the trust estate or
<br /> the interest of the BoROwer therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Riaht to Possession. In case of defauR in the payment of the said principal Note or interest, or any part thereof, as ft 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, shali be and is hereby authorized and empowered to take immediate possession of the sald premises therein
<br /> described and to collect the rents there(rom, and to appy the proceeds thereof to the payment of the Note.
<br /> 4. Application of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be appNed first to payment of the costs
<br /> of management of the property and collection of rents, inck�ding, but not limited to, receivers fees, premiums on receivers bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Security Instrument. Lender and the receiver shall be liable to account only
<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'rficatly 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 provision we�e not part hereof or thereof.
<br /> 6. Effect of Rider. Except as spec'rfically mod'rfied 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 on the date first noted above.
<br /> ����'��, s�� •�-
<br /> Borrowe��C AEL D INKEN
<br /> `,
<br /> r
<br /> �
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<br /> orr , r �
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<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 24th day of Apl'11 , 1998 , before me, the undersigned, a Notary Public duy commissioned end
<br /> qual'rf'�ed for said county, personaty came MICHAEL D HINKEN AND LISA R HINKEN , HUSBAND AND WIFE,
<br /> , to
<br /> be the identical person(s) whose nam is/are subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/heNtheir voluntary act and eed.
<br /> Witness my hand and Notariar' ' �� D ISLAND E SKA in id counry, the
<br /> date aforesaid. ��4� 9
<br /> '�l
<br /> �i,l y�a
<br /> �t` ��q;�`�d
<br /> n .,�c/PO� Nota �b�i WILLIAM L. M ELLA
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<br /> My Commission expires: AUGUST 12 2000 ��?<<9�df�a
<br /> to
<br /> F10815.LM0 (8/94)
<br /> 719
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