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�r RE-RECORDED 101996 1-4 FAMILY RMER . = ='t of Ptwts 101526 TIM, 1-4 FAMMY RIDER is made tbj�.-21st day of March .1989 and is kwoqwaW into wd "I be dftmeO to amend and supplement the Mortgage, Deed of Trust or Security Deed (dr. 'Secmdly Instrument") Of the same datif given by the undersigned (the "Horrower") to secure Borrower's Now to The Equitable Building and Loam-.,..Association, Grand Island, Nebraska (the .-Lende••) of the mm daft od covering the pvVermyL, described in the Security instrument and located at. 2515 West John, Grand Islarnd -,1e. 68803 and 516 West Ist,,Grand Island, Ne. 68801 Iftpeny Axidessj 1-4 FAMILY COVENANTS. In addifirin to the covenants and agreements made in the Security Instremm—% and Lenddr ftwftr covenant and agree as;r'allows: A. USE OF P=FMT-, COMPEUNCE WITH LAW. Borm-% r shall not seek, agree to or make a change in' of e' use of the Property or its zoning classificagl rr. unless Lender has agreed in writing to the change. Borrower shall comply with all laws, ordinances, tWadens and requirements of any governmental body applicable to the Property. B. SUBORMATE LIEN$i, Except a;%. permitted by federal lax. Borrower shall not any lien inferior to the Security -16strumm to be perfected agaill4t, the Property without U-c der s prior written permission. C. RUff LOSS INSURANCE. Somwer shall maintain insurance against rent loss in addition to the other hazards for which insurance is requited by Uniftirm Covenant S. D. "BORROWER'S RIGHT TO .11MISTATU' DELETED. Ur3form Covenant 18 is deleted. E. ASSIGNIMEN117 OF LEASES. Uoi='Gender's request, Borrci;irshall assign to Lender all leases of!ft 1 6 propary and allsecunty deposits made 'iv connection with leases of the Properly. Upcer!hc assignment. Lender: '44.11 have the right tomodify, extend or temifna'te the diisting leases and to execute new leastnF.,M Lender's sole discretion. As used in this paragWb E. the word "Ica-ve- shalt mean -sublease" if the Security Instrument is on a leasehold. F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the property. Borrower authon-e-s Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the runts t* Lender or Lender's agents. However'. . pritir to Lender's Notice to Borrower of Borrower's breach of any covenant cr agreement in the Security Instrument, Rom,rwcr shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and This assignment of rents constitutes an absolus: assignment and not an awiignment for additional security cirty. I If Leader gives notice of breach to Borrower: (i) all rents received by Borrcwi�i. shall be held by Bonu'vwer as trustee for benefit of Lender only, -(who applied to the sums saoaed by the Security Instrument; (ii) Lender &Fialf f7c, entitled to collect and receive all of the'rents of the Property; and o'3) each temw of the Property shall pi.- Z, and unpafd to Lender or LeadFes.agent on Lender's written demand to the wiTimt. Borrower has m3t- t,,7='.,tcd any prier assignment of tj'v-- rents and has not and will not perform :my w. that would prevent1ender ft6m cyemiMng its rights under this paragraph F: - i Lender shall not be =411iwl to entgr upon. take control of or maintain the Property before or after of breach to Borrower However. Lender.or a judicially appointed ray.-Ncr may do so at any time there is a breach. Aly qVlicaWtl of rents shall not cute or waive any default or invalid--av-.any other right or re-miady. 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. (_'ROSS-DEFAULT PROV WS O.N. Borrower's dd7t0 or breach under any note or agreement in which Lender has an interest -shall be a breach under thu Security Instrument and Under .may invoke any of the remedies permitted by the Security IrstrunXqt. BYS - MNING BELOW, H . onisiver accepts and agrees to the tenth and provisions contained in this 1-4 Gamily Rider. .. .. ....................... (Sca4 Chs-Wles F. Lange a-, -'rower Colleen E. Lange f/ °oraNer .......... .(Seal) Harrower UUMAN 1-4 FRMY MUM — FWM UMVIMie A WhN I AnomooM F OWA 31 fc4m rp-;o :,.I Smogs CWM VAM3,388"3 1.