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89103766
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89103766
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Last modified
10/20/2011 5:43:17 AM
Creation date
10/20/2005 9:46:35 PM
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DEEDS
Inst Number
89103766
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1.4 FAMILY RIDER <br />�- -- — Andpined of malts 89--- 103766 <br />THIS 1-4 i AMMY RiDM is rode thia20th day of July '19 89 <br />ad is iaompmweil into ad shall be doomed to amend and supplement the Mortgage. Deed of Trust or Security Deed <br />(dw "Semrky huge gent ") of die tame date given by the undersigned (the *,Borrower") to secure Borrower's Now to = <br />The Equitable Building and Loan Association, Grand Island, Nebraska, (the "Lender ") <br />of the WM true and covering the property described in the Security instrument and located at: <br />810 West 10th Street, Grand Island, Nebraska 68801 <br />t�c�a•nv Addnsal <br />14 FAMILY COMANTS. in addition to the covenants and agreements made in the Security Instrument, Borrower <br />trd I,.eeda fink covenant and agra as follows: <br />A. US19 OF POOPEATYi COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make a change in the <br />use of 60 property or its sorting cl"fication. totters Lender has agreed in writing tti the change. Borrower shall comply <br />with a)-laws. ordinartoes, regulittims and fN%t4rtments of any governmental body 4 icable to the Property. <br />s. SUXOlRt1j1} TV LIENS. Except as permitted by federal law. Borrower sliidi not allow any lien inferior to the <br />security it uaument to . be perfected against the Property without Lender's prior wrip.0 permission. <br />C. I111M• LOSS INSURANCE. Borrower shall maintain insurance against rent bass in addition to the othei hazards <br />foe witic)r -bwn ce is regttired .tly... t :nifonte Covenant S. <br />D. µ "S RIGHT TO REL'`S'TATE" DELETED. Uniform Covenant 18 is.ifeteheti. ;r <br />E. AWG1NMENT OF IF-4SIM Upon Lender's request. Borrower shall assign. to. Lender all leases of the .Prope1tY <br />std all.s�rity deposit4:•itr - if) omwLtion with leases of the Property. Upon the assignment, Lenders F have the <br />right to modify, extend or terminate the'exhaing leases and to execute new leases, in Lender's sole discretioV, As used in <br />this pauwvh E. the word "lease" shall thorn -sublease" if the Security Instrument is on a leasehold. <br />F. ASSIGNMENT OF RENTS. Borrower unconditionafly assigns and tr+nsfers to lender all the rents itnti revenues <br />of the Peag try. Bortower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each <br />tetnal i..of the Property to pay the vents to Lender or Leader's agents. However. prior to Lender's Notice to Borrower of <br />batruvwe s breach of any covenant or apvc ii*ili irs the Security Instrument. P--It Ncr she!! cidlet.t and receive all rents <br />mmd mvetsees of the PhVetty as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes are <br />abWwa assignment and riot an assignment for additional security only. <br />If Laida gives notice of wit to Borrower: (i) all munis.received by Boirower.stsall be held by Bom,,w as trustee , <br />for besiiftof Lender only, to be applied to the sums secured- by the Security Instrument; (ii) Lender shall,be eatit to <br />Collect � receive all of the rents of the Property; and (iii) each tentin,of the Property shall pay all rents dtt+E: and unpafi ', <br />to LaMpr'_or Leader's ageet on Lender's written demand to the terLvt:. <br />Bomwtcr has not executed any prior assignment of the rents and has not and will not perform any that would <br />prevent- Lin from exercising its rights under this paragraph F. <br />Izadetr shall not be required to enter upon. take control of or maintain the Property before or after giving notice of <br />bre" to Borrower. However, Lender or a judicially appointed receiver may do so at any titme. there is a breach. Any. <br />application of rents shelf not cure or waive any default or invalidate any other right or remedy of Lender. This assigm. , <br />matt of rents of the Property shall terminate when the debt secured by the Security instrument is paid in full. <br />G. CR06S4)EFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has <br />an insetest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by thtc <br />Security Instrument. <br />By SIGNM gFi.[Kii Stwm wer accepts and agrees to the terms and provisions contained in this 14 Family Rider. <br />. i. !� ........ ..(Seal) <br />in W. Williams <br />.(Seal) <br />Eicr +Cart <br />Patricia D. Williams <br />.. .......(Seal) <br />n3o OWW <br />i <br />ISM) <br />i. BWTOW r <br />s1YtltftAa <br />14 "alf — iaraO main" 1166 t Ww" hatrttaMt < <br />-1 <br />
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