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<br /> WNEN RECORDED MAIL'I'O: ___
<br /> �,QUITY ONE MORTGAGE, TNC. ' d�
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<br /> 9949 PLEASANT STREET, #205 , �`-
<br /> .. WEST DES MOINES, TA 50266 g7�` �1d�,�1 •-
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<br /> LOAN NO. 8 7 6 5 3 1-4 FAMII.Y RIDER '""
<br /> ::�s$`�,s'-=_ -
<br /> (Assigna�eat of Rente) ,"
<br /> 1'HIS 1-d FAMIL.Y RIDEit is made this llth day of DECEMBER, 1997
<br /> , and is �"R'
<br /> incorporated into and shall be deemed to amend and supplement the Mortgagc,Deed of Trust or Security Deed(the"Security
<br /> � � Instnunent")of the same datc given by the underslgned(thc"Bono�ver") to secttre Borrower's Note to EQUITY
<br /> ONE MORTGAGE, INC., A DELAWARE CORPORATION
<br /> (the"Lender")of the same date and covering the Propeny described in the Security Instrument and located at: •
<br /> 1429 WEST 1ST STREET _.
<br /> ` GRAND ISLAND, NEBRASKA 68801 �"'
<br /> �rropem naarcssl �
<br /> � 1-4 FAMII.Y COVENANTS. In addition to the covr.nants and agreements made in the Security Instrument, I - � .
<br /> Borrower and Lender further covenant and agree as follows: � �� �`�
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<br /> A. ADDTI'IONAL PROPBRTY SUBJF,CP'I'U 7'HE SECURI'�'1'1NSI'RUMBNT' In addltion to the Property :���--�«
<br /> described in the Security Instrument.the foqowing items are added to the Property description,and shall also conadtncethe 1J� t::
<br /> = Properiy wvcrc�i hy tF,c �urisy Is���ument:bvil�ina macerials,appliances and goods of every uature whatsoever now or ,�.,; _
<br /> ihusc �
<br /> liereafter located in, on,or used,ur intended to be used in connection with the Property,including,but not limitedco. ���i—
<br /> for the purposes of sup�plyins or distrtbuting heating, woling, electricity,gas, water, air and light, fire preveation and -- �r
<br /> �:
<br /> extinguishing appazatus, security and access control appararus, plumbing,bath tubs, water heaters, water closets, sinks, `
<br /> ranges,stoves,refrigerators,dishwashers,disposals,washers,dryers,awnings,storm windows,storm doors,screens,blinds. �__:
<br /> shades,curtains and cuitafn rods,attached m►crors,cabinets,panelling and atteched floor coverings now or hereafter attached -�,�
<br /> �r::
<br /> to the Property, all of which, including replacements and additions thereto,shall be deemed to be and remain a part of the s�.� �
<br />- d Propeny covered by the Security Instrument. All of the fore�oing together with the Property described in the Security
<br /> Instrument(or the leusehold estate if the Securiry Instrument is on a leasehold) are referred to in this 1-4 Pamily Rider and ���_
<br /> _ ''� Securiry dnstrument as che"Property". _-_-__
<br /> B.USB OF PROPERTY; COIbiPLIANCB W11�i I.AVN• Bonower shall not scek, agree to or make a change in ��
<br /> the use of the Froperty or its zoning classification,unless Leader has agreed in writing to the change.Bonower shall comply �--.
<br /> - � � with sill laws,or d inances,resulations and te quirements of any governmental body applicable to the Progeny.
<br />- C.SUBORDINATE LIBNS. Except as permitted by federal law,Bonower shall not allow any lien infedor to the r�,.u�_�=_
<br /> Security Instrument to be perfected against the Propercy without Lender's pdor wrltten permission. _-____
<br /> ' p,RgN'I'I,OSS INSURANCS.Bonower shall maintain insurance against rent loss in addition to the other hazerds _
<br /> x tor which i»surance is required by Uniform Covenant 5. —_
<br /> E. "BOItROWfiR'S RIGHT'PO RBIIVS'I'ATB"DBLSTBD. Uniform Covenant 18 is deleted. __
<br /> F. BURROWER'S OCCUPANCY. The first sentence in Uniform Covenant 6 conceming Borrower's occupancy __ ---
<br /> of the Property is deleted.All remnining covenants and agreements set foith in Unifocm Covenant 6 shall remain in effect. �.�.�.��___�
<br /> rr.a�,._.r.saa_:.�c_
<br /> G.ASSIGNMBNf OF LEASBS.Upon Lender's request,Borrower shall assign to Ixnder all leases of t�e Property _
<br /> and all security deposits made in connection with leases of the Property. Upon the assignment,Lender shall have the right �2�7.���^
<br /> to modify, extend or terminate the existing leases and to execute new leases, in i.ender's sole discretion. As used in this ..� + ` .j�
<br /> paragraph G,the word "lease"shall mean"sublease" if the Security Instrument is on n leasehold. , . �:_,,;•
<br /> H.ASSIGNMENT OP RENTS;AI'POINTMBM�'OF RECSIVER; LENDBR IN POSSBSSION. .
<br /> Bonower absolutely and unconditionally assigns and transfcrs to Lender all the rents and revenues("Rents")of the "�r..
<br /> Property, regardless of to��hom the Rents of the Property are payable. Borcower authorizes Lender or I.ender's agents to
<br /> collect the Rents, and agrees that Pach tenant of the Property shall pay the Rents to I.ender or Lender's agents.However,
<br /> Iiorrower shall receive the Rents until (i) L,ender has given Borrower notice of default pursuant to para�raph 21 of the
<br /> Security Insttument and (ii) I.ender has given notice to the tenant(s)that the Rents are to be paid to Lender or Lender's
<br /> agent.This assignment of Rents constitutes an absolute assignment pnd not an assignment for additional security only.
<br /> - If La:nder gives notice of breach to Bonower: (i) all Rents received by Bonower shall be held by Borrower as
<br /> trustee f'or the benefit of Lc:nder only, to be applied to the sums secured by the 5ecurity Instrument; (ii) Lender shall be
<br /> entitled to collect and receive all of the Rents of the Property; (iii)Borrower agrees that each tenant of the Property shall
<br /> . .._ . . .,..___:a ...t.....,.._...�...,,�a.•�o„P„r���,x,,,t�•nder'�written demand to the tenant;(iv)unleas applicable �
<br /> —. l p8Y All K�nts uuc tu�u uuNau w�.�.a+u�..v......•.... ....e-•••�-c--- � � r � .r� . .. _. .
<br /> — ; law provides otherwise,all Rents collected by l.cndcr or Lender's agents shall be applied tirst to the costs of taking controi
<br /> � of anJ man�ging the Propetty and collecting the Rents, including, but not limited to, attorney's fees, receiver's fces, i
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<br /> premiums on rrc:eiver's bonds,repair and maintenance costs, insurance pmmiums,taxes,assessments and other charges on
<br /> ' Uic property, and then to thc surns s�rured by the St�:urity Instrument; (v) Lender. [.rndrr's agents or any judicially
<br /> appoinu•d receivcr shall be liablc to account for onl}�those Rrnts actually nx:civ��d;and(vi)i.cnder shall be entitled to have i
<br /> a receiver appointed to take possession of .md manage thc Property and collec:t thr Rrnts and protits dcrived f'rom the
<br /> property without any shuwing as to the inadequacy of the Property as s��:urity. �
<br />+� MUCPISI'ATR RIDER•1�l i'un��Y�FN�INFHLh1C UNIFORM INSTRUMIiN I E'onn 317U�9��)0;
<br /> u r i uaws:o�r�i v a. i:ue i,�i: �.
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