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.1 Y 1 1.4 FAMILY BIDER 89- 400875 A ft n ill of Rmts Till s 1.4 F,A1V u RIDER is made this 22ndday of February . 14 89 , red is ftmpmiftd into and shall be deemed to amend and supplement the Mortgage. Dead of Trust or Security Deed (dw " Security InsttumcaY) of the same date given by the undersigned (the "Borrower") to secure Borrower's Note to The Equitable Building and loan Association, Grand Island, Nebraska (the ••Lender••) of the: same data and covering the property described in the Security Instrument and located ar. 120 East.Charles, Grand Island, Nebraska (Property Address] b4l FAMILY COVENANTS. $n additim to the covenants and agreements trade in the Swurity Imm=ew, Berrov m.r snd Lender further covenant ant a-CM&a - 6How5:.. A. USE OF VKWER['Y; COMPT�tii.•ti.'CE WITH LAW. Bm wwer shall riot siix.. kam to or make a change ft. use of the Property or its zoning classifica;uen; unless Lender has agreed in writi ng to der change. Borrower shall comply with all laws. ordinances, regulations and requirements of any governmental body applicable to the Property. B. SU110RDINATE LIENS. Except as permitted by federal law. Borrower.shall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Uniform Covenant 5. D. 165O1U000WEE317S RIGHT' TO REINSTATE' DELETED. Uniform Covenant 18 is deleted. E. ASSIGNMENT OF LEASES. tipo. Lender's request. Borrower shall assign to Lender all leases of the Propetty and all security deposits made in conn9v�on with leases of the Property. Upon, the assignment, Lender shall have the right to modify. extend or terminate the existing leap and to execute new limes, in Lender's sole discretion. As used in ibis paragraph E. the word "lease" shall mean "siilh.lme" if the Security Instrument is on a leasehold: F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and rr es^ues and hereby directs each t4tiant of the Property to pay the rents to Lender or le.ider's agents. However, prior to Lender's Notice to Borrower of Somvwer's breach of any coo errant or agreement in the Security Instrument. Borrower sY ,,27 collect and receive all rents • end revenues of the Property •as •trustee for the benefit of Lender and Borrower. This a�,r` !rent of ;rrra constitines an absolute assignment and not_ ar assiigmeent for additional security only. If Lender gives notice of teach to Borrower: (i) all rents received by Borrower shsxl..'ce held by Pipti�A -4,v a., Inistee for benefit of Lender only, w, 2 applied to the surnS secured by the Security Instrument: (ii) Lender rke: be entitled to aoPact and receive all of the rents of the Property: and,(iii) each tenant of the Property shall pay all rvi 4 due and unpaid to Lender or Lender's agent on Lenders written demand to the tenant. Borrower has not executed any prior.assignment of the rents and has not and will not. perform any act that vt:e:ld prevent Leader from exercising its rights under this paragraph F. Lender shall not be required to enter upon. take control of or maintain the Property before or after giving nosrc '�t breach to Borrower. However. Lender or a judicially appointed receiver may do so at any time there is a breacb:. ,,.ny application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This b :gn- ment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. G. CROSS - DEFAULT PROVISION. Bofrowe>•r default or breach under any note or agreement in Ahich Lender has an interest shall be a breach under the Security Icr:xrjment and Lender may invoke any of the remedies permitted by the Sw irity Instrument. BY SIGNING BELOW. 1'iur -ewe: accepts and agrees to the terms and prr,Wiyions contained in this 1,4 Family Rider. -. L... .(Seal) he=. C. alker borrower .............. .(Seal) Patricia P. Stalker - borrower ............... I ................. ....................... (Seal) .borrower ............................... .........................(Seal) borrower WAII ITATE Ra fAMKtl fMR — Fooli OlN/Foffie Mat: WIN- i tear>twrasl i •0 FOAM 31tD 10.85 Ill