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r - - � . � � (�l � � gp-•- 10408? 1�d �Ti�A�:,Tuir �aariia� � � �nm�M O['I�entS --� _---� '1�Q.S 1-4 Til►M�.Y RIpBR is made this 13thday of July . IS�O � � �0°T°�M� U1iD �d th+�1� be damed tu�mend and supplement the Mortgagc. Deed of Trust or Security Dad t� '�Y ��t") M thz same c4te given by the undersi�d (the "Bamower") to secure Borrow�er's Note ta The Equiteble auilding and Loan Assoeietion, Grend Island, Nebraska ��he ��Lender") ' °f� �D � � CO�t � Pr�ny described in the Security inswment and locatod at: � 1022 Mtest 7th Street. Grand Island� Nebraska 68601 1 i IR�Y �lddres9l I - � 1�4 FAMlLY CaVENAN'I'S.In edd;hon�o the covenants and agraments made in the Security Instrument. Horrower � and' t.endei' fiud�er eoven�nt nnd agn�e as faltows: ' � A.USE OF PN()rEp'1'Y;CplypLIANCE{�yIT}I I,AW. Borrower ha11 not scek�agree to or make a change in the i , ux d�the Pi�operty or its zoning classification, u�[ess Lender has agreed in writing to the c6ange. Bo�ruwer shall comply , aith �11 1aus. ardinances, leguiauons and requi�ements of�y govemme�tal body ap�pficable to the Property. ; �•SUAORDINAI'E LIENS. Except as permitted b}r fc*3i:.�al law. Borrower shall not altaw any lien infcrior to the � Security InsWment to be perFectod against tho Pbpeny �a��e�aout Lender's prior written permission. � C•1tF.NT I.06.S INSIJR�INCE. Bortower �hull maintain insurance against rent loss in additicxi to the other hazards � for whicA ensurance is �equir�cd by Uniform Covenant S. � D• "HORI�OWER'S RIGHT 'lY) ItEI11iSTA'FE+' DELF'i£D. Uniform Covenant IS is deleted. t � E.ASSIGNMENT OF LEASES. Upon Le�ndet a reyucst, Rorrower shaU assign to Lender all te�s of the Property ' and all security deposits m8de in connection with f�.�ascc of che Propeny. Upon the assignment, l.ender shall have the right to modify. extend or terminate tite existing (eases and tu execute ncx• Icases, in Lender's sole discretion. As used in this p�usgraph E, the wotd "lease" sha11 mean '•sublease" if the Security In�trument is on a leasehold. � - ; -.. r _a�mi.��...�.... .. ! � -- r�.��.�n�.,,��a vi ie�ri�. Bocrower unconditionally assigRS and trarrsf^r�tn Lender ali the rents and revenues �' v of the Pnoperty. Botr�wer authorizes Lender or Lender's agents to collect the rents and re�enues and hereby directs eacfi t�n�nt of the Pnoperty to pay the �ents to Lender or Lender's agents. However, prior to I.en�ler's Noticc to Borrower af - 8omower's bt+eaeh of any covenant or agreement in the Secunty Instrument. Bo�rower shall collec� arld receive all r�nts aed revenues of the Pmperty as trustee for the benefit of Lender and $orrow•er. 7'his assignmcnt of rents constitutes an ! absolute assignment and t�t an assignment for arfr3ieionaf security only. � If Lencier gives norice of breach to Borrower: fi) all rents recrived by Borrower sha�l be held by Borrow�er a5 c.�ustec ' for benefit of Lendet only. to be applied ro the Sums secured by the Secunty Instn�ment:,rii) lxnder shall t+e ent�tIed to : collxt and receive all of the rents of the Property; and (iii)cach tenant of the Property s�all pay all re�ts due and unpaid . to Lender or Lender•s agent on Lender�s written demand to the tcnant. � Bomower ha$ not executod any priar assignment of thc rents an�i has not and wip not perform �ny act that �.•ould prevent I.cnder ftnm cxercising its rights undcr this paragraph F. Lender sha11 not be mquired to enter upon, take control of or maintain the Prupern• i�forc or after giving rt��r,cce of , bctieaeh to Borrower. How�ever. Lender or a judicially- appointec! receiver may do tit�at any time there is a brea�h. Any = . . ,appNcation of rents sha11 not cure or waive any defas�lt ur invalidate any c�ther nght ur remedy of Lender. This �ssign- ment of rents of the Pmperty shall tertninat�e whert the debt tiecund by the Secunt�� Instrumcnt is paid in fulL �' C. �ROS.S-DEFAULT PROVISION. Borrow�er'y default t�c hreach undcr any note or agreement in which Lender has an intet+est sha11 be a breach under the Serurity Instrument snd Lender may� in�-e�kc am t�f the remcdic� permitted by the � Security Instrument. BY SIGNING BEL01V, Bottutiver accrpts and agrees tu Utr termc and pmViyiotts conta�sted in thts !-4 �asttily i:ider. �> �.._.� ��. ��7rr-G<.C%� (Scall larry E�ichmeier e�-��Xe� ., '�` �.r. . � -�1:'�.'��•r. .:�� 1Se�U :"_-___ Mary L. T�ichmeier 30•.o+�e� � � i Seal) &J«7N@7 �� L �Se�l) � [3f.••�.Aer � �� Ali3iiioS',STE :-G fwFiii` �ii�iE►�—F�nnte M�e FreGdU Mu Unitorm lesirument �,�..,;... . �-,.P F'orm 174� �� , � _ --_ - -- - --- — „a...��,.a...�.m.. � ��:.e. �-,..�,�up+-R-r�v��a�P `�'.# °�;�� -- — — ..tii��ai.�(f�u'Mrr/{F".gi�.-;`.'z- y��,�i'�+'�.:l .t. ... .; .� � � ��. s _. . - . . , .... . . ........ _ __ . - . . .. _ .. . ._ _ n. ._.