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ASSIGNMENT OF RENTS RIDER �; 9$- 1��'4'795
<br /> - .:.
<br /> TyIS ASSIGNMENT OF RENTS RIDER is made and executed this 18th dey 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, here�after 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 /> 1820 STAGECOACH RD GRAND ISLAND NEBRASKA 68801
<br /> (Propsrty Addrsse)
<br /> W ITNESSEf H:
<br /> WHEREAS, BoROwer and Lender have agreed that any rents and profits attr�utable to the property should constitute additional security
<br /> to the Lender for the peyment 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. Assianment of Rents and Lender Rental Collection Ri�hts. Borrower hereby absolutely and uncondkionally assigns ali rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the rfpht, power and authorky 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 wkhout taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borrowers collection and retention of such rents, issues and profks as they
<br /> accrue and become peyable, so long as Borrower is not, at such time, in defeuR with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. Appointment of Receiver. If any event of defauft in respect to the SecurRy Instniment shaii have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone clekning under Bonower, and without regard to the valus of the trust estate or
<br /> the interest of the BoROwer therein, shall have the right to appy 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 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, ks
<br /> successors or assigns, shall be and is hereby authorized and empowered to take knmediate possession of the said premises therein
<br /> described and to collect the rents there(rom, 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 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 sacured by the Security Instrument. Lender and the receiver shall 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 /> unMss otherwise spec'rfically required, be construed in accordance wkh Nebraska law, and in the event any provision herein of therein
<br /> ccntained 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 specfficaly mod'rfied by or inconsistent wkh 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 futi force and effect.
<br /> IN WITNESS WHEREOF, BoROwer has executed this Assign nt of Rents Ri t noted above.
<br /> Borr r L CH
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<br /> � � ��� '�2. �������� .���-�t�
<br /> eo we� JEANNE A CHRISTENSEN
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<br /> STATE OF NEBRASKA �
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 18th day of M8V , 1998 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personaly came DAVID L CHRISTENSEN AND JEANNE A CHRISTENSEN HUSBAND AND
<br /> 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/their voluntary act and deed.
<br /> Witness my hand and Notarial Seal at GRAND ISLAND �11 SKA ' said county, the
<br /> date aforesaid. �
<br /> � ;`�,r'� ' ���` � ^ '`'�---_
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<br /> �:''-�`� `��F'9 a�y � ��WILLIAM L. CLEL
<br /> `r%l y�i
<br /> My Commission expires: AUGUST 12 �'i q9
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<br /> �?� �F�ye,
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<br /> F70815.1M0 (8/94)
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