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<br /> ' ASSIGNMENT OF RENTS RIDER �{8 '"�8- �,(34113
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 27th day of Apl'll . 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 giv� by the und�'signed, hereinafter referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> here�atter referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referced to as the "Lender", of the same date and covering the
<br /> property descr�ed in the Security Instrument and bcated at:
<br /> 220 AMICK AVE DONIPHAN NEBRASKA 68832
<br /> (Property Addrsss)
<br /> WITNESSETH:
<br /> WHEREAS, Bonower and Lender have agresd that any rents and profits attributable to the property should constitute addkfonal security
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Securiry Instrument shall be amended hereby and deemed to include the following provisbns:
<br /> 1. Assianment of Rents and Lender Rental Collection fiiphts. Bonower hereby absolutely and unconditionally assigns all rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the r'�ght, power and suthority during the conC�nuance of the Security Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property bcated 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 BoROwer is not, at such fime, in defauft with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A000intment of ReceNer. If any event of defauft h respect to the Securiry Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone cleiming 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 appy to any court hav6�g jurisdiction to appoint a receiver of the property.
<br /> 3. Rioht to Possession. In case of defauR in the payment of the said pr�ncipal 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 authori�d and empowered to take immediate possession of the said premises therein
<br /> descr'�bed and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Application of Rents. Issues and Profks. 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 Iknited to, receivers fees, premiums on receiver's bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Security Instrument. Lender and the receiver shalt 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'rfically required, be construed in accordance with Nebraska Iaw, and � the event any provision herein of therein
<br /> contained shal� be determ�ed by a court of competent jurisdiction to be unenforceabis, the same shall be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specifically mod'rfied by or inconsistent with this Assignment of Rents Rider or by any other applicabte
<br /> rider, all of the terms and provisions contained in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEFaEOF, Borrower has executed this Assignment of Rents ider on the date frcst noted above.
<br /> B� �w BRI N ERMO
<br /> �,L �.�
<br /> Bo«ow r N M M DERM TT
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 27th day of Ap1'll , 1998 , before me, the undersigned, a Notary Public duty commissioned and
<br /> qualif'�ed for said county, personalty came BRIAN E MCDERMOTT AND ROSALYN M MCDERMOTT . HUSBAND AND
<br /> WIFE , to
<br /> be the identical person(s) whose name(s) isJare subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/her/thei�voluntary act and deed.
<br /> Witness my hand and Notar' I at GRAND ISLAND NEBRASKA in said county, the
<br /> date aforesaid. �ENERAI NOTARY�State of Nebraska q
<br /> III SHERRI L.0'CALI.AGHAN �n n',,
<br /> My Comm.Exp.Sept.28,1999 '��(�lM/
<br /> ry Public SHE RI . ' LA HAN
<br /> w�y Commission expires: SEPTEMBER 28. 1998
<br /> F10815.LMa (8/B4)
<br /> 739
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