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<br /> ASSIGNMENT OF RENTS RIDER '� 9�-- �,E��4111
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this $�th day of April 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 Borrowers indebtedness,
<br /> hereinafter referred 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 Security Instrument and located at:
<br /> 616 RAVENWOOD DRIVE GRAND ISWND NEBRASKA 68801
<br /> (Propsrty Addrsse)
<br /> W ITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attr�utable to the property should constkute addftional securiry
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Securky Instrument shall be amended hereby and deemed to include the following provisions:
<br /> 1. Assignment of Rents and Lender Rental Collection Riahts. Borrower hereby absolutey and uncond'Rionaly assigns all rents, issues
<br /> and profks of the property to Beneficiary. Lender shall 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 with or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to BoROwer's collection and retention of such rents, issues and profds as they
<br /> accrue and become payable, so bng as Borrower is not, at such time, in defauk wRh respect to payment of any b�debtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A000intment of Receiver. If any event of defeuft in respect to the Security Instrument shali have occurred and be cont�uing, Lender,
<br /> as a matter of right and without notice to BoROwer or anyone clakning under Borrower, and without regard to the value of the trust estate or
<br /> the interest of the Bonower there�, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Risaht to Possession. In case of default 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 authorized and empowered to take immediate possession of the said premises there�
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Apolication of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be applied fkst 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 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. �onstruction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Securky Instrument shall,
<br /> unless otherwise spec'rfically required, be construed in accordance with Nebraska law, and in the event any provision herein of therein
<br /> contau�ed shail 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'rficaly 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 h full force and effect.
<br />, IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider the e first noted abo .
<br /> eorrow��TIMOTH S BENNETT
<br /> .� ' �`.�lC.�
<br /> eo�rower LI A L BENNETT
<br /> ,
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 30th day of Ap�ll , 1998 , before me, the undersigned, a Notary Public duly commissioned and
<br /> quel'rfied for said county, personaly came TIMOTHY S BENNEIT AND LISA L BENNETT . HUSBAND AND WIFE,
<br /> to
<br /> be the identical person(s) whose name(s) is/are subscr�ed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/her/the�voluntary act and deed.
<br /> Wftness my hand and Notariel Seal at GRAND ISLAND , NEBRASKA h said counry, the
<br /> date aforesaid. � D
<br /> otar �b��c HERRI L. ' AL G AN
<br /> wiy Commission expires: SEPTEMBER 28. 1999
<br /> ��� GENERAI NOTARY�State ol Nebraska
<br /> SHERRI L.0'CALLAGHAN
<br /> My Comm.Exp.Sept.28,]999
<br /> F10815.LM0 (8/B4)
<br /> 575
<br />
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