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„ ,�, _ _ _ __ ,. _._ _ ,: __ ____ � � ,� �(x� � � � 90- �� 1-A FAMILY RIDER � A.�nn�ent af Rents ; � 7�IIS 1-� FAMII.Y RmElt is mAde th9s 25�hday of JulY . 19 90 , � �nd it �neapocaled iato and st�all be daemed to amend and supplement the Mv�tgage. Deed af Trust or Securiry Deed , (dre "Sa:uriry buWment”)of the sune date given by the undersegned (the "B�smwer") to secure Horrov►cr's Notc to ; The Equitsble Building and Loan Associa�ion, Grand Isla�d, Nebraska �ehe ••Lender"� � of die �atne daMe aod cavain� the pc+operty describa9 ia the Security instrument and located at: � 1127 South Eddy, Grand Islend, Nebraska, < «ropeny nddress� ; � 1�4 FAMILY CaM1►ENA1V'1'S. In addition ta the covenants and agreements made in the Scrurity Instnmient. Bartower and Le�xler furlher covenant and agree as faltows: � A. USE OF PROPERTY;COMPI.IANCF. WITH LAW. B�rrowrr shall not scrk. agrcc tii ur mekc a change in thc use of the Property or its zaning clASSifica�ion, unless l.ender has agrecd in writing to the rhaoge. BoRawer shall comply with all f�w9. o[dinu�ces. rcgulations and rcquiremcnt� af uny govcmmcntal hody applicable a► thc Property. B. SUdORD11VATE LIENS. Except as pertnitted by federal law. Horrc�wer shall nat allow any lien inferior to the i Security insttuntent to be petfccted against the Property without L,ender's prior written pertnission. C. AE.wiT LOfiS INSUItANCE. Borrower shall mainlain insurance aFainst cent loss in addition to the other hazards � t'or which lnsurance is required by Unifortn Cavenant 5. D. "BORROWER'S RIGHT TO REINSTATE" DELETED. Unifonn Cuvenant 18 is deleted. E. ASSIGNMENP OF LEASFS. Upon L.cnder's request. Bormwer shall assign to Lender all leases of the Property . �, : aad all security deposits made in connection with leases of the Propeny. Upon the assignment, Lender shall have the ; right to modify,extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in - - ---� ft�IS p�uusgiap� �, �he waiti "lease" snaii mean "suoiease" ii inc �ccuriiy inai�u�iic�ii is vn o ieascii��.�,. � . i - ; F. ASSIGNMEIVT OF RENTS, Borrower unconditionally assigns and transfers ta Lender all the rents and revenues i -� ' of the Frnperty. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each ;' ~"i tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's Notice to Borrower of _ Borrower's breach of any covenant or agreement in the Security lnstrument. Borrower shall collect and receive all rents :h_ _ and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitute� an -' absoluu assignment and not an assignment fur additional security only. � If Lender gives notice of breach to Boaower: (i) ali rents received by Borrower shall 6e held by Borrower as trustee ifor beneflt of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled ta � collxt and receive all of the rents of the Property; and (iii) each tenant of the�Propeny shall pay all rents due and unpaid ' to l.ender or Lender's agent on Lender's 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 wou�d prevent I.enrler from exercising its rights under this paragraph F. Lender shall not be reyuired to enter upon. take control of or maintain the Propert}• ixfore or after giving notice of breaeh 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 or invalidate any other right or remedy of Lender. This assign- ment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. `.�. G. CRQSS-DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has ' an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the � Sccurity Instrument. �� BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4 Family Rider. , , ��\ / _.' . . . .�'-:�-�. . . . ... . ..�0��e. ... . . . . . . .. .(Seal) Donald . Va 2 •8orrower �/l� ��G��-�/�'---�i . . . .. .(5ea1) . . . . . .. . . . .. . . .. . . . .. .-. . . . BprrOw@r �--.'�--- Shirley . Vance ' .. .... .. . . . .. . . . .. . .. . . ... . .. .. . . .. . .. . ... . . ... . . . . . . . .{Seal) -Borrower .. . . . . .. . . . .. .. . . . . .. . . . .. . .. .. . . .. ... . ... . .... . .. . . . .. .(SC3�) N � �8orrower • � �( � fD MULTISTATE 1-1 FAMILY RIDER — ftnnie MaeiFre4dle Mae UnNarm tnstrumenl FORM 3�70�0•85 tA Form 1790 � . • � .. . �