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ASSIGNMENT OF RENTS RIDER �r� +��... 1��►4126
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 27th 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 Borrower's indebtedness,
<br /> hereinafter referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter refeRed to as the "Lender", ot the same date and coverhg the
<br /> property described in the Security Instrument and located at:
<br /> I
<br /> 102 E 13TH WOOD RIVER NEBRASKA 68883
<br /> (Propsrty Addrses)
<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 Securiry Instrument shall be amended hereby and deemed to include the following provisions:
<br /> 1. Assi�.lnment of Rents and Lender Rental Collection Rghts. Borrower hereby absolutely and u�conditionally assigns all rents, issues
<br /> and profits of the property to Beneficiary, Lender shall have the r'ght, power and suthority during the continuance of the Secur$y 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 Iong 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. Ap�ointment of Receiver. If any event of defauR in respect to the Security Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Bonower 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. Ri�ht to Possession. In case of default in the payment of the said pr�cipal Note or interest, or any part thereof, as k 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 appy the proceeds thereof to the payment of the Note.
<br /> 4. Appl(cation 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 Security 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 SecurRy Instrument shall,
<br /> unless othervvise spec'rfically 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. F�ccept as spec'rfically modified 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 SecurRy 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 /> l
<br /> eo��o s� B JAMIN E R
<br /> � ''
<br /> eor��w•� LESLIE J GG
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 27th day of Apfll , 1998 , before me, the undersigned, a Notary Public duy commissfoned and
<br /> qual'rfied for said county, personaly came BENJAMIN J EGGER AND LESLIE J EGGER HUSBAND AND WIFE
<br /> , to
<br /> be the identicat person(s) whose name(s) is/are subscr�ed to the foregoing �strument, and he/she/they acknow dge the execution thereof
<br /> to be his/her/therc voluntary act and deed.
<br /> Wkness my hand and Notarial Seal at GRAND ISLAND , EBRASKA in said county, the
<br /> date aforesaid. �
<br /> �
<br /> l,� �!' �F�Y�q�MOT Not �y �b ILLIAM L. Mc LLAN
<br /> ����; /� A,pl'
<br /> My Commission exp�es: AUGUST 12 ���'�' S�dfPo
<br /> "° x'' ���F(,,,�`�s�a
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<br /> FtO815.LM0 (8/94)
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