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X r L 90- '.10564 14 FAMILY RIDER Aufta aesit of Rents TM 1.4 FAMILY RIDER is made this ist day of October . 19 90 atsd is hwarposated into and shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (due "Security Insountent ") of the same date given by the undersigned (the "Borrower ") to secure Borrower's Note to THE EQUITABLE BUILDING AND LOAN ASSOCIATION, Grand Island, Ndthe '•Lender") of the same date and covering the property described in the Security Instrument and located ail: 315 -317 -319 South Plum, Grand Island, Nebraska 68801 (property nMMial 1-4 FAMILY COVENANTS, In addition to the covenants and aprvvwP mts made in the Se►orm Instrument. Borrower loud Leader further covenant acid algrex as follows. A. USE OF PIl1OP'ER'I'Y; +I'614PLIANCE WITH LAW. Borrower %hall not .eA, agree to or make a change in the use of the Property or its zoning classification, unless Lender his agreed in writing to the chaetke Borrower shall comply with all laws, ordinances, regulatitms and requirements of any governmental twitly applicable - the Property B. SUBORDIINATE LIENS. Except as permitted h% tsderal law. Borrower shall not alloy, any lien inferior it) the Security Instrument to be perfected against the Property w shout Lender's prior wntlen permission C. RENT LOSS INSURANCE. Borrower .hall maintain insurance against rent loss in addition to the other haiard% for which insurance is required by Undomi Covenant 5. D. "BORROWER'S RIGHT TO REINSTATE" DELETED. 1'ndorni 01,L e, aal IN is deleted E. ASSIGNMENT OF LEASES. Upon Lender'. rvgia?Nl. Borrower shall aisle: to Lender all leases of the Property and all security deposits made in co►rtnectitm with leases of the 1'rolwtty Upton the 4ssignmer+t. Lender .hall have the right to modify. extend air terntmaic the existing leas+ and to execute new lease., to Lender'. ..de discretion As used in this paragraph E. the word "lease- shall mean "whleaw- it the %eeuntt In%inain 12w i,, on a leawhold F. ASSIGNMENT OF RENTS. Hommer unconditionally assigns dnd tr:tn.ivc, :o Lender All the rents and resenues of the Property. Borrower duthorire. Lander air Lender'% agent% to cr -lhm the rena% and revenue% and herehy direct% etch tenant of the Pniperty u► pay the rents to Ixnder or Lender's agent. IFtrtwevet. prior at Lender'% Notice to Horruwer vi: Borrower's breach of any covenant or Agreement in the Securiq Instrument. Horrt,µer shill collecl and receive Al rents and revenues of the Property as trustee fair the henetll -of f .ender and Horrower M. assignment of renr. constitute% an absolute assignment and not an A..rgnmcni for addititimit .ecunty only If Lender gives notice of breach d► Borrower tit All rent. received M H4►rrowcr shall toe held by Horrtiwer a% ttuslee for benefit of Lender only, to toe applied ht the .unr..ecurad by the Security Instrument, ui i Lender .hill he entitled to collect and receive all of the rents of the Pn►pem , and (its .•itch tenant at the Property shill pay 411 rents due and unpaid to lender or Under's agent out Ixnder'% written demand to the tenant Borrower has not executed any pntw assignment tit the rent% and has not and will nit perform any act that would prevent Ixnder ftont exercising its rights under this paragraph H Lender shall not be requited to enter upon, tike control of or viw:niam the Property t►clore tai idler gis ing Police tot broach to Borrower. However. Lender or a judicially appi►tnted receiser niay do .o At ans nine there i. a hrr:ach Any applicaiton of rents %hall tail cure air waive Am default ter invalidate any tither right %R remedy tit Lender this A%%ign meet of arils of the Property shall terminate when the tleht %ccured by the %c%.unn Imirurnent t-, paid in Full G. CRtT]SS..DIEFAULT PROVISION. Horrotwet'% default tic hreA.h under .tny mote tic agreement in which Lender his an intenwt shall be a breach under the Securely Instrument and Lender may nisol,t 4m tit the remedies pernnued by the: Securty Instrument. BY SIGNING BELOW. Borrower accepa:• jnd agrees to the tcntt% And pins i.nm. vontatmvt m Cho, V-2 '-amply Rider t Rkderick L. Kot`te itieAli ( Steal l tj r,.�Ww t Seal) ti—t ftVap. RIM TATS 1.4 FAMILY MUM •— hii M gin FrWif ON Uuttrwr" Farm 1790 Q� .'ins•• v,. r�-