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_ _ _ ._ ___ ; __ � _._.� ____�__�.. - - � -- -- 1 � r � � � � 90-- �0��94 1-4 FAMILY RIDER � A�gnment of R�nts � TFQS 1-4 RAMILY Rm�t is madc this 18th d�y of July , 19 90 . �od la inoapaaled inb and shall be deemed ta unend and supplement the Mortgage. Ueod of 7tust or Security Deed � , (tl�e "Sewdty In�a�ent") of the s�me date given by the undersignai (the "Barower") to securc Borrower's Note to ; �i�E u�it b�le�uild�� and Loan pss�c'ati�n Grand I�slan��br�s�ca (�he •�Lender") cavcnn�tho pro�eziy desct� in e Secunty 1ns men oca at: , 1218 Weat 6th Street� t3rand Island, Nebraska 68801 � �Roperty nddressl I � 1�FAMILY O0�►ENAN'!'S. In acldition to the covenants and agreements made in the Security lnsuument. Borrower . � � and Leoder fwther ooven�rtt and sgree as follows: , �_ __ A. USE OF PROPERTY;COMPLIANCE WITH LAW. Borrow�er shall not seek�agree to or make a�hange in the ' use of the Picnperty or its zoning ctassification, unless l.�nder has agreed in writing to the change. Borrower shall comply with all laws, otdinu�ces. regulations and requinments of any goveRece�ental bady applicable t�a the Froperty. B. SUBORDINAI'E I.IENS. Except as permitted by federal law. Borrower shall nat allow �ny lien inferior to the ; Socutity Inswment to be perfected against the Property without l.ender's prior written permissian. � C. RENT L06S INSURANCE. Borrower shall maintain insurance against rent lass in addition to the other hazards � � for which insurance is requirat by Unifom� Covenant 5. � D. "BORROVYER'S RIGHT '!'O REINSTA'fE" llELETED. Uniform Covenant 18 is deleted. ; E. ASSIGNM�NT OF LEASFS. Upon Lender's regue:cs. Borrower shall assign to Lender aU leases of th�Property � ' � ar�d all securiry deposits made in connection �ith {ease� e� the Property. Upon the assignment. Lender sha93 have the ' ; right to modify, extenci or terminate the existing Ieases and to execute new leases. in Lender's sule discretion. As used in , � .:�: __1 thic�rn�� F� thw wnnri ••�AA�..C..P�� :.h.�l i:'.°...y.'t ".L'E`�.°_:!`'ti•• !f �ti� Caw=;�� ln�flL'S!'wil: !d L'8 .Ai IP��CPI��t.�. - S,_�. • F. ASSIGNMENf OF RENTS. Borrower unconditionally assigns and transfers to 1..�:nder all the rents art�f revenues ��... ' of the Property. Borrower authorizes Lender or l.ender's agents to collect the rentc and revenues and hereby directs each : � ten�nt of the Prvperty to pay the rents to Lender ar Lender's agents. However, prior to Lender's Notice to Borrawer of , - ' BorrowtPs breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents - � and tevenues of the Pmperty as trustee for the benefit of L.cnder and Borrower. This assignment of rents constitutes an � absolute assignment and not an assignment for additional security only. - ' If Lender gives notice of breach to Borrower: (i) all reRts received by Borrower shall be hcld by Borroaer as trustee ' for benefit of Lender only, to be applied ta the sums secured by the Security Instrument; lii) L.e�der shall be entitled to l ooll�ct and receive all of the rents of the Property;and(iiil each tenant af the Propert�• shall pay alI rents due and unpaid . � to Leader or Lender's agent on Lender's written demand re� thc tenant. � , Borrower has not executed any prior assignmtnt of the sents and has not and will not perform any act t�at would � pr+evtnt Lender from exercising its rights under this paragraph F. Letder shall not be n:quireA to enter upon, take control of or maintain the Property bef�re �►r after �iving note�e vf � bteaeh to Boaower. However. Lender or a judicially appointed receiver may do so at any time there i� a breach. Any : application of rents shall not cure or wIIive any default uc invalidate any c�ther right ur remedy of Lender. This ass�gn- ;� ment of nnts of the Property shall tenninate when the debt secured by the Security Instrument is paid in full. . . G. CROS.S-DEFAULT PROVISION. Borrower's default or breach under any note or agrrement in which Lender has ' � . an intertst sh911 '�e �breach under thc Secarity Instrument and Lender may invokc any of ihe remcdiey permitted by the - Security Inswment. $Y SIGIVING BELOW, Borrower accepts and agrees to the tcrnis and pro�•itiionti containcd in this 1-4 Fam�ly Rider. . �J. . �-. �� . . i5ea11 Leo C. Liske , e°•'°�Ne• _ � , ��. ��.�__'— ��1)� ..:'S—•-� t='�--• ISeall •°- _- - F(axine M. Liske ��•--��e� � . � . (5ca1) Bo�ro�er L isca�, 'i� �o��Ne� �. �w , ��'� w MULTlS7ATE W fAMIIY RIQfR — F�nete Mse.fr��dl• M�c U�itami Insliument � ��:• �•+ °,E:. � � �[.r�r,'�ifJ;l C`1��r0 - . --•_.J . .�_.s....�.._...,..�.....,.,��. .w�.� . .- :%n@4-.:, - .. .;, _t:., �� —_ —-s - � _ _' � �__—_'r.—�=y-t� . .. ._ ' � �- f4(�"..'�' . ��t � , � . . . . -.r ..._ _�. .... �o , .� .._ ._ ... . .>> .� . ,_�- .. . �, . .� . . _. . . . i� . . - • . . , . ',� 's . , < < - . . �- �-. �. -t. . ., '.. .1.t-a? .. . � ..,;+. . �.-.. . -