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200000150
<br /> . ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 4th day of Januarv . 2000 . and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, h�eina(ter refeRed to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure Borrower's hdebtedness,
<br /> hereinaRer referred to as the "Note", to UNITED NEBRASKA BANK
<br /> . hereinafter referred to as the "Lender", of the same date and cove�ing the
<br /> property described in the Security Instrument and bcated at:
<br /> 4249 ARIZONA AVE GRAND ISLAND NEBRASKA 68803
<br /> (Prop�rty Addrsss)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attr�utable to the property should constitute additional securky
<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 include the foNowin� provisions:
<br /> 1. Assi�nment of Rents and Lender Rental Collection Rghts. Borrower hereby absolutely and uncondkbnally assfpns aN rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the right, power and authorky during the continuance of the Securky Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property bcated thereon with or wkhout taking possessbn of the
<br /> property affected hereby. Lender, however, hereby consents to BoRowe�s collection and retentbn of such rents, issues and profks as they
<br /> accrue and become payable, so long as Borrower is not, at such time, in defauR with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. AuDointment of Receiver. If any event of defauk in respect to the Security Instrument shall have xcurred and be continutng, Lender,
<br /> as a matter of right and without notice ro Borrower or anyone claiming under Borrower, and without regard to the velue of the bvst 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 defauk in the payment of the said principal Note or hterest, or any paR thereof, as R shaN 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 immediate possession of the said premises therein
<br /> described and to collect the rents therefrom, and to appty the proceeds thereof to the payment of the Note.
<br /> 4. Ao�lication of Rents. Issues and Profits. All rents collected by Lender or the receiver shali be applied f(rst to paymertt 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 end
<br /> reasonable attorney'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 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 law, and in the event any provisbn herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceable, the same shall be construed as thouqh such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specificaly mod'rfied by or inconsistent with this Assignme�t 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 Rent id on the date first noted a ove.
<br /> ����'�E���
<br /> eo«ows� pATRICK L SHERIDAN
<br /> Borrower
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 4th day of Januarv , 2000 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personaly came PATRICK L SHERIDAN AN UNMARRIED I�!����'^'�"<L
<br /> , to
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/hedtheir voluntary act and deed.
<br /> Witness my hand and Notarial Seal at GRAND ISLAND , NEB ASKA n id county, the
<br /> date aforesaid. '
<br /> ���-
<br /> ��'�y�, Notary Public WILLIAM L. MCLE
<br /> �, ^* ? ��/( �,�T9q
<br /> My Commission expires: AUGUST 12, 2000 \ '�,;`��.;`,i'�Ts����o�
<br /> ��Fr�eM�( �°bi
<br /> ^ F<<� ds�a
<br /> `�.:�,��
<br /> FtO815.LM0 (8/94)
<br /> �_
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