90105391 - Laserfiche WebLink

Browse

r � 1-4 FAMILY RIDER A &BMW at am& 711118 1.4 FAWN RB]BR is lode this 12thday of September . 1990 . sled M irtooepaald We and shall be deemed to amend and supplement the Mortgage. Deed of 71rust m Security Deed (Ilse ' Sewrity Imattrn cist") of tie ante date given by the undm4pied (the "Borrower" 1 to secure Borrower': Note to The Equitable Buildi tg and Low llmclAtion, Grand Island, Nebraska (the "Lender") of the twos deb artd owiniy the property described in the Security Instnument and loca ed u: 121 Mast Maeda, Grand Islend, Nekvislls 68801 IF%%W!V A00m) 14 FAMILY COVENANTS. In addition to the covensists and agreements made in the Security Instrument. Borrower and LoWw fw*w covenant &W agree as follum: A. UM OF 1710rSR1'Y= COMPLIANCE WITH LAW. Borrower shall not seelt. uFav to or make a change in the use of do Ptaperty or its zoning claui{ication. unless Lender has agreed in writing to the change. Borrower shall comply Milt all laws. ordinances. regulations and requirements of any governmental body applicable to the Property. B. SLSORMATS LIENS. 6xeept au permitted by federal law. Borrower shall not allow any lien inferior to the Somrity Instrument to be perfected against the Property without Lender's prior written permission. C. 99W LOBS INSURANCE. Bomower shall maintain insurance against rent loss in addition to the other hazards for which insurance is requited by Uniform Cuvenant S. D. "ZORMWER S RIGHT TO REINSTATE" DELETED. Unifom C-.wenant 18 is deleted. E. ASSIGNMENT OF LEASES. Upon Under's request. Borrower shall assign to Loader all leases of the Property and all security deposits made in connection with lease% of the Property. Upwt the assignment. lender shall lave the dot to modify extend or terminate the exhAing leases and to execute new (rases. in Lender's ale discretion. As used in 6b panRraph B. the word "few" shall mean "wblease" of the Securit% Instrument is on a leasehold. P. AS.SIGNM ff OF RENTS. Borower unconditionally aavrgns and transfers to Lender all the rents and revenues of the Pmputy. Borrower autlmrires Lender ax Lender's agents to collect the rents and revenues and hereby directs each wow of the Property to pay the rents to lender or Lender's agents. However. prior to Lender's Notice to Borrower of Borrower's broach of any covenant or agrbernent in the Security Instrument. Borrower shall collect and receive all rents amd reveauat of the Property as trustee fix the benefit of Lender and Borrower This assignment of rents constitutes an absoltm wigarrnent and not an assignment for additional security only. U Lender gives notice of breach to Borrower. 01 all rents. received by INwrmwer %hall be held by Borrower as trustee for barest of Lender only, to he applied to the sums secured by the Security Instrument; (ii) lender shall be entitled to LWIW and receive sit of the netts of the Ptopeny; and 010 each tenant of the Property shall pay all rents due and unpaid to Lander or I.etsder'a agextt on Loader's written demand to the scnant. Borrower has not exoxctrtod any prior assignment of the rer.;> and has not and will not perform any act thus w►xrld parent Larder from exercising its rights under this paragraph F. Lassoes shall not be required to enter upon, take control of or maintain the Pnlperty before olr after giving notice of breach to Burrower. However. Lender or a judicially appointed receiver may do .a at any time there is a bivach. Any appiicatiat of rents nball nut cure our waive any default iw invalidate any (other right or remedy of Lender. This amign- ram of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. G. CINW&DFFAVET PROVISION. Burmwer's default •w breach under any udtc 1K agreement in which Lender has an imar est dtall be a breach under the Sec. -tuity Instrument and I.xrWa mar invoke any of the remedies p►rnincd by the Savory kwuramu. BY MINING BELL W, 60111 01M ac XVII and .ogress t11 ties¢ W.,%, and 1''m w 4' muv,ad, am 40ovi G-4 Family hider. Richird N. Etkl%t DstM�t Etelcltsrt �,G..'1� i1d.�.� cScal► ........... .... .. . ..............(Seal) In -8 .. . (Seal ) am n-0 MIMItg= W WW FAM — feasts ISM fVamN as Usanm MaMMasat faml 11w Io FOW WO 104M k. i -