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<br /> ASSIGNMENT OF RENTS RIDER �8... �f j��$1
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 30th day of Apt'll 1998 . and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter refened to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> hereinaRer referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to as the "Lender", of the same date and cover'mg the
<br /> properry described � the Secur'ity Instrument and located at:
<br /> 1521 ALLEN AVE GRAND ISLAND NEBRASKA 68803
<br /> (Property Addrsss)
<br /> W ITNESSETH:
<br /> WHEREAS, BoROwer and Lender have agreed that any rents and profRs attributable to the property should constitute additional securiry
<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. Assionment of Rents and Lend� Rental Collection Riahts. Borrower hereby absolutey and unconditionally assigns sil rents, issues
<br /> and profits of the property to Beneficlary. Lender shali have the right, power and authority 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 wkh or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borrowers coilection and retention of such rents, issues and profits as they
<br /> accrue and become payable, so long as Borcower is not, at such time, in defauR with respect to payment of any indebtedness secured
<br /> hereby, or in the perfortnance of any agreement hereunder.
<br /> 2. Ap�ointment of Receiver. If any event of default in respect to the Security Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone cla�ning under Borrower, and wRhout 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. Rght to Possession. In case of defauR in the payment of the said prncipal 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 authorized and empowered to take immediate possession of the said premises therein
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Aoolication 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 limited to, receiver's fees, premiums on receiver's bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Securiry Instrument. Lender and the receiver shall be Ilable to account ony
<br /> for those rents actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained m this Assignment of Rents Rider and the Security Instrument shall,
<br /> unless otherwise specificaly required, be construed in accordance with Nebraska law, 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 were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as spec'rfically modified by or inconsistent with this Assignment of Rents Rider or by any other appifcable
<br /> rider, all of the terms and provlsions contained in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, BoROwer has executed this Assignment of Rents Rid on the date first noted above.
<br /> ��` • .
<br /> so��ower pATRICK G WETOVICK
<br /> `�- ;
<br /> /
<br /> eor�ower M AN M WETOVICK
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 30th day of Aprll , 1998 , before me, the undersipned, a Notery Public duy commissioned and
<br /> qualffied for said county, personaiy came PATRICK G WETOVICK AND MEGAN M WETOVICK , HUSBAND AND WIFE,
<br /> , to
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/heNthe�votuntery act and deed.
<br /> Witness my hand and Notar I at GRAND ISLAND , N BRASKA said counry, the
<br /> date aforesaid.
<br /> �c. �� CF
<br /> �"�,`;° yF9q�N
<br /> ,l�y�/l���l9q�,� Notary Public yy�LLIAM L. CLEL
<br /> o,n?i .y! �d�e
<br /> My Commission expires: AUGUST 12 �� ��'j'P
<br /> J���N ,�d
<br /> Op
<br /> F10815.LM0 (8/94)
<br /> 723
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