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r 14 FAMILY ItII?ER merit of xis 89-.. 101724 THIS 1.4 FAMW RIDER is made this 4th day of April .19 89 . and is ibcocporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "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 due same date and covering the praperty described in the Security lnstrumeir seal located at: 821 North Kimball, Grand Island, Nebraska, and 814 North ,Sjzramw+a; Grand Island, Ne. [Property Add(ess) 1•+1 FAMILY CCWE!NANXS; In add, don to the ce onants and agreements ma e--. ;n 2P. Security Instrument. Borw�Wtr and L.erder fiatber oak z ._ ai�i agree as-.follows: A. 115E OF 11'10f3PElL '!t` .COMPLWNCE WITH LAW. Borrower shall not seek, .a�mi w or make a change in: the use ,t1w Property or its zc� 'classiftcation. unless Lender has agreed in writt7: 'ZO the. a $aTr;�v shall comply with all laws, ordinances. re�G ims and, requirements of any governmental i:� 41"66, ie .26 the i tepeny. B. SMORDINATE LIENS: Eatcep, as permitted by federal law. Borrower *.&I.I na: au«xw any lien inferior to tb. Security Instrument to be perfected agdn�,i the Property without Lender's prior written pe mission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the otter hazards for which insurance is required by Uniform Covenant 5. IX "BORROWER'S RIGHT TO REiMSTATE" DELETED. Uniform Covenant 18 is deleted. lfi, ASSIGNMENT OF LEASES. Upon usyi s request. Borrower shall assign to Le7&:r all leases of the Propmty and 41.z security deposits made in connectiur.' Ks:, gases of the Property. Upon the assignment, Lender shall have the right to modify. extend or terminate the ex!%vxLyg leases .aid to execute new leases, in Lender's sole discretion. As used in this paragraph E. the word "lease" shall, zwan "sublease" if the Smurity Instrument is on a leasehold. F. ASSIGNIWENT 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 revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agen.s. However, prior to Lender's Notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument. Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender zA Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional securiti: ; :qty. U Lender gives notice of breach to Borrower: (i) all rents recei: by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums s cured by {i ~.;'security Instrument; (ii) Lender shall be entitled to collect and receive all of the rents of the Property; and (iii). each tcrsarc, of the Property shrill pay all rents due and unpaid to Lender or Lender's agent on Lendef.s written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not wr,d will not perform any act that would prevent Lender from exercis.r.g• its rights under this paragraph F. Lender shall not be requirwd to enter upon. take control of or maintain the Prr,-pvrty before or after giving notice of breach to Borrrw,,�. However, Lender or a judicially appointed receiver may da to 6-me there is a breach. Any application of rents shall not cure or tea° any default or invalidate any other rrgtr cr ra__str:riy of lender. This assign. mernt rg rents of the Property.,i all terminate when the debt secured by the is paid in full. G.- CROSS- DEFAULT F{R)`d:F LSION. Borrower's default or breach under uny *rte or agreement in which Lender has an inwast shall Lne a breach ender . Saw y Instrument and Lendder may intinke any of the remedies permitted by the Security Insteum(mr. By SiGN1NG BELOW, Borrower accepts and agrees to the terms and prove% ions contained in this 14 Family Rider Cooney Properties., . . Inc. . ... ... .........................(Seal) BOrrOAE'r .. SP ��'. �.`•�!� (Seal) o E. Reynol ident 0 nd E : Aeynol cis'; G ra itor ,e I i ( Seal l Ltie la t4. Reyitols ;� raiaritt�ir ' " a,.r,uef ttit)QUi M 41 FAfrhr FMA — Fri Wriintrh [Mac Ulf[ n Intin nrnt vaFtr �•r,., _F; !r(Tr_ Vrr, r _ . t.. • b .n.. tv r+ :.i..c�.. :.,. ^• ,, .,7 �0029S�rQ! •. +• • u� s a1�93t r!i1J