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�.i 14 FAMILY RIDER 89— 1-0361,41 Asdpment of Rents IRIS 1-4 FAMILY RIDER is made this 12tibay of duly 1989 mW is hworpontted into turd shall be deemed tit amend and supplement the Mortgege. Deed of Trusi or SecuTiiy Deed (the " Security Instrument ") of the same date given by the undersigned (the "Botmwer ") to secxa Borrower's Nme to The Equitable Building and Loan AsHociation, Grand Island, Nebraska, _ (the •'L :trat+ier") of rho same date and covering the property described to the Security Instrument and located at- 109 East Charles Street, Grand Island, Nebraska 68801 lRopenv Acldressl 14 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security l; comment. Borrower and Lender further covenant and agree as follows: A. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or rtnale a dhangtn ass the ( use of the Property or its toning classification, unless lender has agreed to writing to the change. BCMVAW shall comply with all laws. ordinances, regulations and requirements of any governmental body applicable to the ir3•�etty. D. SUBORDINATE LIENS. Except as pemiinvil by federal law, Borrower shall not allow any lien ir)feritor to the Security Instrument to be perfected against the Property wtth,wt Lender's prior written permission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition t(a d* caper IazWs ftir which itismance is required by Uniform Covenant S D. "BORROWER'S RIGHT TO REINSTATE:" DELETED. Uniform Covenant IN is deleted. E. ASSIGNMENT OF LEASES. Upon Lender's request. Borrower shall assign to tender all leases of the i KINerty E surd• All.seturity deposits made in connection with leases of the Property Upon the assignment. Lender shall have the right to ;irwdify, extend or terminate the existing leases and to execute new leases. to Lender's sole discretion. As uw& ion �. 'ft paragraph H. the word "lease" shall mean "sublease" if the Secunty Instrument is on a leasehold. F. ASSIGNMNT OF RENT'S. Bomtwer 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 diraxs each i%�,8� +t. of the Prope y to pa} the aunts to Undes vi Letidzi'. agent.. liowrvrr, p: un its l.r,xler's Notice to Botrowev of Borrower's breach of any covenant or agreement in the Secunty Instrument, Borrower shall collect and receive alli rents and revenues of the Property as trustee for the benefit of Lender and Hommer. Thi% a%%ignntent of rents constit?s.9°.c an absolute assignment and nix an assignment for additional security only. t If Lender gives notice of breach to Bomtwer: (i) all rents received by Borrower shall be held by Borrower as esastee for benefit of Lender only, to be applied to the sums secured by the Security lnstru"icnC iii) Lender shall be entickd to co9lact and n000ive all of the rents of the Property; and (iii) each tenant of the Property shall pay all rents due and urr to Lender 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 would present' Lender from exercising its rights under this paragraph F Leader shall not be required to enter upon, take control of or maintain the Prtpeny hctore or after giving notice of breach to Bomwer. However, Lender or a judicially appointed receiver may do w at any Itme there is a breach. Any application of rears shall not cure or waive any default or invalidate any other right or remedy of Lender. This assign- men a of ren,ii -of the Property shall terminate when the debt secured his the Security Instrument is paid in full. G. CROSS- DlrFAULT PROVISION. Borrower's default or breach under any note or agreement to which Leader has . an interest "I be a be ach under the Security Instrument and Lender may invoke any of the remedies permitted by the 5eicurity Instruiftnt. BY SIGNING BELOW. Burrower accepts and agrees to the term+ and provi%ions contained tit this 14 Family Rider. (seal) arold E. Vollmer E(onowel Iscall .!eAnn K. Volimor ,. iscal► iva,nxer li.. I `Cal) kk�hlWpl .r Mt) UTATE t(i FJJkl %Kft — F&mlo MWI-rWit Mae UnMiarm tnstn m"t !; (y41'ry i��'", •n N(i0 ill'J f1�Uta • •. , .. •U(1 )ty� i�faa W