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s_Q �.__„�� =.� - _� I � �` - 1-4 FAMILY RIDER ��1��4�i� � Assignment Qf Rents THIS 1-4 FAMILY RIDER is made this 29tta1av of January , 19 90 and is incoiparated into and shal) be deemed ta amend and supplement the Marig:�ge. Deed of Trust or Security Rced � (the "Security Instrument") of the same date given by the unde�igned (the "Borrower"> to secure Borrow•er's Nate to The Equitable Building and Loan bssociation, Grand Island, Nebraska (the •�Lender") of the same date and covering the property described in the Security Instrument and locatecl at: � 1008 Claude Road, Grand Island, Nebraska 68803 (Property Aaaress� 1�4 FAMILY COVENANTS. In addition to the co�enanls and agreement� made in the Security lnstrument, Borrow�er and Lender further covenant and agree as follows: A.USE OF PROPERTY; COMPLIANCE WITH LAW. Barrow�r shall not seek, agree to ar malce a change in the use of the Property or its zoning classificat�on, unless I.ender has agreed in writing to the change. Borra�ver shall comply with al) Iaws. ondinances, regulations and reyuirements of any govemmental body applicable to the Propert}�. B. SUBORIDIIVATE I.IENS. Exc:.pt as permitted by feder�l law, Borrower shai] not allow� any licn inferior to the Secwity Instiument to be perfected against the Property without Lcnder's prior writte� permission. C. RENT L06S INSURANCE. Borrow•er shall maintain insurance again�t rent loss en additian to the ottter hazards for which insurance is required by Unifonn Covenant 5. D. `•BORROWER'S RIGHT TO REINSTATE" DELETED. Uniform Co��enant 18 ia deleted. E. ASSIGNIVIENT OF LEASE$. Upon Lender's request, Borrower shall assign to Lender all leases of the Pmperty and all securiry deposits made in connection with leases of the Property. Upon the assignment, L.ender shall have the • dght to modify, extend or terminate the existing leases and to execute new leases, in Lender's �ole discretion. As used in � this ParaBraPh E, tlie word 'Yease" shall mean "suhlease" if the Serurity lnstrument is un a leasehuld. - F.AS.SIGNMFNT QF RF11jTC, Rnrr��rrr �!l�4P.�lI2�P.�� 3;:Si,iSS '.:.:L� S�:aii��:a 2:T l.:.i�.��f a�i 'ati� 3Ciii� din'�iC:i�iuc� = of the Properiy. Bomower authorizes Lender or Lender's agents ta callect the rents and revenues and hereby directs each -- tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's Notice to Borrowcr of __,_._ _ Borrower's breach of any wvenant or agreemPnt in thP S��rit�� Instnsment, Bom�n•er sh:!! co!lect snd reccir� att rents =��,y: and revenues of th� Property as trustee for the benefit of Lenaer and Borrow•er. Thi, assignment af rents constitutcs an ��. absolute assignment and not an assignment far additional tiecurity only. , �_ If Lender gives notice of breach to Bo�rower: (i) all rents received by Borrower shall be held by Boirow•er as trustee for benefit of Lender only, to be applied to the sums �ecured b}• the Security Instrument: (ii) Lxnder shall be entitled to collect and receive all of the rents of the Property; and (iii)each tenant af the Praperty shall pay all rents due and unpaid ��. to Lender or L,ender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and ari11 not perform any act that wauld * ' pr�event Lender fmm exercising it� rights under this paragraph fi. ' Lender shall not be required to enter upon. take control af or maintain the Propert}• before vr after giving notice of !w� breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default ur invalidate any uther right or remedy of Lender. This assign- • ment of rents of the Property sh�all terminate when the debt secured by the Security Instrument is paid in full. G. CROSS-DEFAULT PROVISION. Borrow�er's default or breach under any note or agreement in which Lender has . an interest shall be a breach under the 5ecurity instrument and t_ender rn�y invoke any of the remedics permitted by the Security lnstrument. BY SIGNING BELOW. Borrower accepts and agrees to the terms and provitiion� contained in thi� I-4 Family Rider. � J � � . . . ..J . . .c.��-,.�. :. . . .. .�2-,� . . .. . ... . . . . . . . .. .(Seal) Rolin D. Kreuchi �Bo«owe� . . .�:7LC .,7� ..`�.E•.C::t.r. .. . . . . . . . . . .(scal) .--_-- . -- N f1C�l M. �eUC�l eorrower . -- -- J ° . . . . . . . . . . . . . . . . . .. . .. . ... .. . . . ... . .. . .. . . ... .. . ... . .. .{5eal) eorrower � �� �` . . . .. ... . .. . .. . .. .($Cel) P1 L . . . . . . . . . .. . . . . . . . . . � . ��,�,e� � . � � i � � �( MULTI8TATE t-1 fAMiLY RIDEH —Fanele MeeJFredal� Mas Unilorm instromen! r on�.�,ro�o-ss , t u�; .., .�,. ;:�r ...r •.�o• f1.:.r..�:.� .... _ .,� ..' ; Fvrm 11�YJ �rsoa 2aa-o¢as v ��:� '1 BQO JSH•?643 � • i,�'i V�: �';r � i•{�., iJ }r f ._�l1 j+y• `r �tF�f�� ..�J �j��• •bJ;l'� ' . � 1' `�