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_�� �� �7�� QO!!�� 1-4 FAMIL�t' RIDER r' A�pnment o�Itents �� - �IS 1-4 RAMILY RIDER i� made this 29thiay uf Qecember . 19 89 . �ad ii inco�powlod into and sh�ll be damod to amand and supplement the Niortgage. [�ed of Trust ar Security Dead (tt�e "Savdty insWment") of the samo date given by the undersigned (thc "Borrower") ta secure Bonawer's Nate to The E ��itable Building and l.oan Association Grand Islend. Nebraska (the �•t.�nde�") of tAe �date and covering the pruperty described in the �ecurity Instrument and iocated at: 1015 West First Street, Grand Island� Nebraska 68801 � [Property Addrass� 1�4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security lnstrument, Borrower � ud l.ender further oovenant and agree as follows: A. USE OF PROPERTY; COMPLIANCE WITH LAW. Horrowcr shall not seek. agrec to or make a change in the use of We Prope�ty or its zoning classification, untess Lender has agreed in wriNng to the change. Borrower shali comply with all laws, ordinances, negulations and requirements of any govemmental body applicable to the Property. B. SUBORDIIVAIE LIENS. Except as permitted by federal law. Borrower shall not allow any lien inferior to the � Security Inshument to be perfected against the Property without Lender's prior written petmission. ' C. RENT I.06S INSURANCE. Bosrower shall maintain insurance against�rent ioss in uddition to the other haz,ards for which insutance is required by Unifarm Covenant 5. -- � D. 'SSa'�RA�WER'S RIt��,riT TO RE�Vt'�tATE" DELE'fED. Uniform Cuvenant 18 is deleted. � � E. ASSIGNMENT OF I.EASES. Upon I.ender's requ�st. Borrower shall assign to Lender all leases of tfie Property - � � and all se�vrity deposits made in connection with leases af the Property. Upon the assignment, L.ender shall have the ; . ,. ' right to modify,eatend or temrinate the existing leases and to execute new leases. in Lender's sole discretion. As used in �� _;� ; this paragraph E, the woid "lease" shall mean "sublease" if the Security lnstn►ment is on a teasehotd. � - _ � _ �_ .- F ASSIGNA�NT OF RENTS. Barrower unconditionally assigns and transfers to Lender all the rents and revenues . ? R of the Pt+operty. Bomower authurizes Lender ar Lender's agents to collect the rents and revenues and hereby directs eacb ' tenant of the P�q�erty to pay the rents to Lender or Lender's agents. However. prior to Lcnder's Notice to Borrower of . Borr�wer's btrach of any covenant or agreement in the Security Tnstiument. Borrower shall collect and receive all rents " and revenues of the Pr�nperty as trustce for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. � _ ff Lender gives nodce of breach to Borrower: (i) all rents received by Borrawer shall be held by Borrower as wstee „� .for benefit of Lender only, to be applied to the sums secured by the Security lnsuument; (ii) Lender shall be entitled to oollect and receive all of the rents of the Property;and(iii)each tenant of the Property shall pay all rents due and unpaid to Lender or l.ender's agent on Lender's wrinen demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would pnvent Lender from exercising its rights under this paragraph F. . L.ender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of bnach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. My . �"``' application of rents shall not cure or waive ang default or invalidate any other right or remedy of f.ender. This assign- :j'�` ment of rents of the Properry shall tenninate when the debt secured by the Security Inswment is paid in full. � "___ G.CROS.S-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which I.ender has : r' an interest shall be a breach under the Security inswment and lxnder may invoke any of the remedies permitted by the �� Security lnstrument. ._._. BY SIGMNG BELOW, Borrower accepts and agrees tu ti�e te�ni� a��i provi�iuns �ontained in this i-4 �ramily Rider. . .. . . .. . .. .. ... . . .. . . .. . ... . ... . . .(Seal) y oseke �so«owe� � � , . . . .. .. .. . .. ... . . 1. .'. . .� . �'�.. . `�..:..--°: (Seal) S via A. Loseke �B°"o'"e' '- ��— .... . . . .. . . .. . . . . ... . .. . . . ... ... . .. ... . .. . ... . ... .... . .(Seal) i �•Borrower _ ' . � . . .. . . . .. . . . .. . . . .. . . . . . . . . . . . .. . .. . .. .. . . .. . ... . . . . . . .($C8�) L �«�,a, � �tlllT4iTATF 1�1 FJIMItY IMt}ER— finM� NRat�FrMIN M�c UnH�m�Inttrwm�nt FORM 3170 10SS � . ' f��.� le�.f:d I.i•.�•I�brv.fir.z,�: i.....� n. � FUI/i�1�/`� . .1 t00 PS8�0=M"f.ru�. 7!00 3��N�.7 � . -3I•��' . ' �� :�t�r �A��r, . ;, : '.�' �,