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F LN 89--. 102551 14 FAMILY RIDER Ass1pment of Rafts TW 1.4 WALLY RIDER is made this 12t4a.y of May , 1989 , aids is inoorpomled into and shall be deetnW to muend and supplement the Mortgage, Deed of Tntyt or Socially Deed (11le "Security frtsp meat. ")' of (be sash ►e dale Liven, b);. tart: uiWetsigned (the "Basxower ") to secure' Bnrfwa+t-v'rr. Note. to The Equitable Building. and Loan Aseoo:i..44 -haart, Grand Isl.t}ftra ",. Nebraska. of the' WM da1t4 umill• cQVM'rt#- 11M 1 ?114xt1.y rlesrzib&+ rin ift Smvrity Instiumctrl; marl, rmaed W,- 2414 Overland Trail, Grand ls]la' nd, Nebnraska 68801 Ithopenv Amresst 1.4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower find lender further covenant and agree as follows: A. USE OF !*01PERTY.- COMPLIANCE WiTH LAW. Hommer .hall not seek, agree to or make a change in the use cif the Property tx it% zoning classification, unies. Lender has agreed in writing to the change. Aorniwer .hall comply with all laws, onfinances. regulations and requirements of am gmeinmcriml txxly applicable to the Property s. SIM1191111VATE LIENS. lcxcepi ar twi -mated by icdrt-.d taw, Iorrower %hall not allow any lien inferior to the Security Instrument to he perfected against the Proper% without Lrndet'% prior wniten Ixmnission. C. RENT L(1SS INSURANCE. Borrower shall maintain ►nwrdnce against rent toss to addition to the other hazards for which insurance is required by Uniform Covenant 5 D. •'SORIIOWER'S RIGHT TO REINSTATE' DELETED. Uniform Covenant 18 is deleted. E. ASSIGNMENT OF LEASES. llpt ►n L.endcr'. request, Borrower shall assign to lender all leases of the Property and all security deposits made in connctition with leases of the Property . Upon the assignment. Lender shall have the ri=ht to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph E. the word "lease" shalt mean "sublease" if the Secunty Instrument is on a leasehold. F ASSIGNMENT OF RENTS. Burrower unconditionally assigns and transfers to lender all the rents and revenues of . .. , Q ..*= L -:d r -r Len—ter'-, sr.nt : to ;:!!mot the rent:: anal ::.r:r.� , w.:t hcre+y direris each tenant of the Property to pay the ants to lender or laer:aWs agents. However, prior to Lender's Notice to Borrower of Bormwer's breach of any cvvtnani ur agmcment m tfie Seculay Irf.-rfumvill, iBolf-Lkw�r Shall 17011 Ci drid r'c ei1C all rcrlt3 and revenues of the Property as trustee for the t►ene ®t of Lender and Borrower. Thin assignment of rents constitutes an Absolute assignment and not an assignment for additional secunte only. If lender gives notice of breach to Borrower of a:§ rents received by Borrower shall be held by Borrower as trustee for benefit of lender only, to her applied to the sums secured by the Security Instrument. (ii) Lender shall be entitled to Collect and receive all of the rents of the Property. and (iii) each tenant of the Property shall pay all rents due and unpaid to Lender or Lenders agent on Lender's s<'ritten demand to the tenant. Borrower has not exearted any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph F. Lender shall trot be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially ,aypp kwed receiver may do so at any time there is a breach. Any application of tents shall not cure or waive any default or invalidate any other right or remedy. of Lender. This assign- ment of rents of the Pniperty shall terminate when the debt secured by the Security Instrument is paid in full. G. CRO6S- DEFAULT P- W)VI.%10N. 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 Security Instrument. BY SIGNING BirLOW. Borrower accepts and agrees to the temrs and provisions contained in this 1 -4 Family Rider. Frank E. Kolar WAMTATE 1-4 FAMttf FM 1% -- famm Mm -PMia Mot woegm Inttrsmw ej .... (Seal) Eiorr"er (Seal) - F +rv�,ver • .(Seal) 130myWBr fOHM um!oeti =-.2r 7 • L' 1 , „n