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� 1-4 FAMILY RIDER 89--104076 [ • AsOpmeW of RWs Tills 14 FAMILY RIDER is made this 2nd day of August . 19 89 . asd is inoogXft 1 into and shall be doomed to amend and supplement the Mortgage, Deed of Trust or Security Deed (do 'Security i nuument ") 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 same dale and covering the property described in the Security Instrument and :orated at: 2207 North Huston, Grand Island, Nebraska 68803 (PMWV AWresal 1.4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Soffower and Lender further covenant and agree at follows: j A. USE OF PROPEA1Yf CO114PLIANCE WITH LAW. Borrower shall not seek, agree to or make a chwimge in the W9 of the Property or its Wiling classification. unless Lender has agreed in writing to the change. Borrower shatl cwnply with all laws, ordinances, regulations vd. ,requirements of any governmental body applicable to the Property. ' IL: SUBORDINATE LIENS. Except as permitted by federal law, Borrower shalt not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Unif= Covenant S. D. "DORROWER'S RIGHT TO REINSTATE' DELETED. Uniform. Covenant 18 is deleted. E. ASSIGNMENT OF LEASES. Upon Lender's. request, Borrower shall assign to Lender all: Ieases of the Property and aH security deposits blade in con xg on with leases of the Property. Upon the assignment,. Lender shall, have the right to modify. exteW or tetminxte the existing,,deases and to execute new leases. in Lender's sole discretion. As used in 1615 paragraph E. the word,.`'1taw" shat[ Mtaii "so Iedse" if the Security Instrument is on a leasehold. assert• are nr ae n �• - �. M� .- ,..�.�.'ea'v. asi',.aJi+c; trrrorn,riiorra,ly aa�igns and iransiers to Lender alt trig rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or •Lender's agents. However, prior to Lender's Notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment. for additional security only. N Lender gives notice of breach to Borrower. (i) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied tw.the sums secured by the Security Instrument, (jWLender shall be entitled to collect and receive all of the rents of the Property; and (iii) each tenant of the Property shalt pay all rents due and unpaid t to 11eader or L"d s agent: on Lenders written demand to the tenant. Bctsawer has. not exec mil, any prior.assignntent of the rents and has not and will not perform arty- set that would prevent Lender from exercising its rights; under this paragraph F. Lender shall not be required to enrer upon. take control of or 'maintain the Property before or after gj�irg notice of breaths 03 Borrower. However- Lender ai-a judicially"rrppointed receiver may do so at any time there i.s.rr breach. Any application of rents shall not, cute or waive any defitalr.br invalidate any other right or remedy of Lender. This assign- ment of rents of the Property shall ternruste when the debt secured by the Security Instrument is paid in full. G. CROSS - DEFAULT PROVISION. Botrower's default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the ' Security Instrument. BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4 Family Rider. d .. L� -.. (Seal) M ayne A. Li.f .Borrower /.�.. .. .....................(Seal) Marilyn M if -Borroner t ....................... ............................... • .(Seal) ` Borrower ....................... ............................... (Seal) Borrower WVWA1E !j FAIMtY W" Faaii iib'ifi" N" tiaiwm bsk"sat FOFVf3170 t&W r� T. re •r.w CM Gyro! : n. �1 fArre'. - • ....., . j�„ FOrrr1 � � ..r, t- OK04133-09 14100.399-1"3