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_t r = L b� r- 1-4 FAMILY RIDER Assignnnnt of Rafts 89-101229 7MS 1.4 HAMM PJDE4 is made this 10thday of March .19 89 . Mad is incorporated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (thee 'Security instrument ") 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 carne date and covering the property described in the Security Instrument and located at: 1117 West 11th and 1013 North Washington, Grand Island, Nebraska 68801 (Property AC1JfMJ 1-0 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. UWOF PROPERTY, COMPLIANCE WITH LAW- Borrower shall not seek, agree to or make a change in the use qf. ft .L vuperty or its zoning classification, unless Lender has agreed in writing to the' change. Borrower shall comply with all laws, ordinzwr es, regulations and rciuirements of any governmental body applicable to, rite Property. B. S*.TB^P.D*.NATE'.,>r...M.NS.. Except as permitted by federal law, Hoirower shall not aiiow any lien inferior to the Security Instrument to be perfeLted against the Property without Lender's prior written permission. C. RENT LASS INSURANCE. Bormwer shall maintain insurance against rent lues in addition to the other hazards for which insurance. vi. -required by Uniform Covenant 5. D. ",BORROWEWS RIGHT TO REINSTATE" DELETED. Uniform Cmenam. IS is delr iw. I- ASSIGNMENT OF LEASES. Upon Lender's request, Borrower shall assign m Lender till .leases of the' Property and all "�i.=irity deposits made in connection with leases of the Property:.- Upon the assignment;: hander shall have the right to modify, extend. or terminate the existing: leases and to execute new leases, in Lenders seals: discretion. As used in this paragraph E. the word "lease" shall nicars "sublease" if the Seiu.iiiy Tnstrument is on a leasehold. F. ASSIGNMENT OF RFXI S, 13prrower unconditionally assigns and transfers to Lender all the rents and. rarvenu of the Property. Borrower authonbcli Lender or Lender's agents to collect time rents and revenues and hereby directs each tenant of the Propeml to pay the rents to Lender or Lender's agents. However. prior to Under *s Notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument. Borower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Under and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional s;scurity only. If Lender gives notice of breach to Borrower;. (i) all rents received by Borrower shall he held by Borrower as trustee for benefit of Lender only, to be applied to the •:.ams secured by the Su:urity instrument-. (ii i Lender shall be entitled to collect and receive all of the rents of the Propc-ity. and 60 each tenant of the Property sfiall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prwr assignment of the rents and has not and .Nell not perform any act that would prevent Lender from exercising its r,ghts under this paragraph F. Lender shall not be required to e fer upon, take control of or maii7j.w) the Property before or after giving notice: (A breach to Borrower. However, Le dt!r or a judicially apprinred rcec. <<x may do so at any tinie there is a Aim applicauor: of rents shall not cure or a;ave any default or in%, andate other right or remedy of Lender. This assign- ment of rents of the Property shall wr ninafc when the debt secured 1•:,. the Security Instrument is paid in lull. G. CROSS-DEFAULT PROVISION. Eormwer'ti default or breach urdi.r any note or agreem(ins in which Lender haF, an interest shall be a breach under the Securely Instrument and Lender :r, i� invoke any of the remedies permitted by the, Security Instrument. BY SIGNING BELOW. Borrower accept~ and agrees to the term, provisions contained in this 1 -4 Family Rider. :.!'.! :,�. r•.0 :�L:�,.!..'.�.. /t—_ - .C•�,- �� -'G'�: � .. .. .(Seal) !'yndall R. Hulit (seal) Mary K. lifilit (u,•rr•Ft iSeal) MULPSIATE 1•4 FANLY RIOte -- Faee(e Wat'Fr#04 Mac Unilarm instrument (Seal) t rrtr el Fl 'M, At "L, • 1-... r - - - - teoo1193dltit• " -.., 1e01) 3592i9a i jam :i1�YR 7 f s r s.. '