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r r �1f . j, L F 90 105588 1-4 FAMILY RIDER -- Am4pu o of Rents TIM 1-4 FAMMY RIDER is mde this 27th dsy of September , 19 90 , and is inoorporated into turd shill be deemed to amend and supplement the Mortgage, Deed of Trust or Security Dad (the "SSocurlty 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 the ttttrae date and covering the property described in the Security Instrument and located at: 118 East Lath, Grand Island. Ndwaoska 68801 1.4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower will leader further covenant and agree as follows. A. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make change in the use of the Property or its zoning classification, unless Lender has agreed in writing to the change. Bumiwer shall comply with all laws, ordinances, regulations and requirements of any governmental hudv applicable to the Property. B. SUBORDINATE LIENS. Except as permilted by federal law, Borrower .hall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's pour written permission C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent lu.s in addition to the tither ha eaads for which insurance is required by Uniform Covenant S D. "BORROWER'S WIGHT TO RFINSFATE" DELETFD. l tnifitmt Covenant 18 is deleted E. ASSIGNMENT OF LEASES. Upon Lentler's request, h4nrower .hall assign to Lender all lease% tut the Property and all securery deposits made to connection with leases of lhv Property Uptin the issucnmem. Lander shall have the right to modify. extend or terminate the existing leases and to execute new leases, tit l.etttier's sale discretion As used in this paragraph E. the word "lease" shall mean ".u!olease" of the Security tm uuntenl is tin a leasthold. F. ASSIGNMIUNT OF RENTS. Bomiwer unconditionally assigns and transfers. to Lender all the rents and revenues of the Properr!e Borrower authorize% Lender tir lender's :agents to collect the rem-.4 snit wvenues and hereby direct, cash tenant of the Property to pay the rank to Lender tx lender's agents However, prior io .- ndcr's Notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borroswer .hall collect and receive all rents and revenues of the Property as trustee fix the twvr-n! of Lender and Borrower This assignment of reins constitutes an thsolute assignment and not an assignment for addict mal secunty only If L.order gives notice of breach rt Homtwer: it) all rani•, rceivcd by Btu mover shall be held by Bummer as uruitee for benefit of Lender only, to be applied to the sum% secured by the tiecunty Instrument, (it) Ixnder shall he entitled to collect and receive all of the rents of the Property; and (tit) each tenant tit the Proprny shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the genes and bus ntyt and will not perform any act that would prevent ;.ender from exercising its rights under this paragraphs 1• Lender shall not he required to enter upon, take .ontrul of ur mamf.iin the Property before at after giving notice wt breach to Borrower. However. (ender or a judicially apptnmled receiver ma} do so it any time there is a breach Any application of rents shall not cure or waive any .tefauh or iovaWate any other right ur remedy of Lender lint assign- ment of rents of the Property shall terrine when the debt _cured by the tiecunty Instrument is paid in full G. CROSS- DEFAULT PROVISION. Borrower -. detauh nr htcach under any note or agreement in which Under has an interest shall be a hr :•ash under the Security Instrument and Under nasty tnsoLe any of the remedies permitted by the Security lostaimerir. BY SIGNING BELOW, Bttnttwer accept. JFtd agices Ro the recall aced Prol,i%ion% .untamed in this I d I•amily Rider wR O✓✓oftald R. Meson 'Boris A. Nesm MIW1ipltlt he FAWLt1 OaElt — Faaala MWFatlla Mae uSWM taprrinM form V90 lam ■+RRCfA [7Pd[t -. i.rir£rr ^•�� ii-Y�+y��yi'"- .*ff,. Still t leai o 1 seal) Mxrotw Seal 9oamw 1 (44143, -n, 1a es ;t I .A I -- :W Y