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<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 15th day of M8y , 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 referred to as the "lender", of the same date and covering the
<br /> property described in the Security Instrument and located at:
<br /> 1803 W CHARLES GRAND ISLAND NEBRASKA 68803
<br /> (Propsrty Address)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute addftional 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 �clude the following provisions:
<br /> 1. Assiranment of Rents and Lender Rental Collection Riahts. BoROwer hereby absolutely and unconditionally assigns all rents, issues
<br /> and profits of the property to Benef'�ciary. Lender shall have the right, power and suthority 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, h defauk wkh respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. Ao�ointment of Receiver. If any event of defauft in respect to the Security Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and wkhout 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 eppoint a receiver of the property.
<br /> 3. Ris�ht 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 suthorized 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. Application of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be applied (irst 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 only
<br /> for those rents actualy 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 wkh 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 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 nts Rider on the date first noted above.
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<br /> eo« ws/���qS T KIME /
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<br /> C�'��I)�'� �� �� ���;,� � .
<br /> eo«ows� CARMEN M KIME
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 15th day of M8V , 1998 , before me, the undersi�ned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personaly came DALLAS T KIME AND CARMEN M KIME . HUSBAND AND WIFE.
<br /> , to
<br /> be the identical person(s) whose name(s) is/are subscribed to the (oregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to ba his/her/their voluntary act and deed.
<br /> Wftness my hand and Notarial Seal at GRAND ISLAND HASKA in said county, the
<br /> date aforesaid. — �
<br /> �;, ��y � '
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<br /> �ti.�_.:.Y/ (r� - ...
<br /> �,'��,;� �ql,y� a�y �� ILLIAM L. MCLEL
<br /> � �yC��!/qlq�r�,
<br /> My Commission expires: AUGUST 12, 2000 �'�i M�. d��o�
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