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F 89-- 104400 14 FAMILY RIDER �- of its 1.� THIS 1-4 FAMILY RIDER is matte this 18040,0f August .19 89 . =a is ieeorporareA intro and shall be deemed to amend and supplement the Mortgage. Dead of Trust or Security Deed (Ibe " Swwity inattumerW ) of the same daate Riven by the undersigned (the "Bomawer ") to secure Bottower's Note to The Equitable Building and Loan Issociation, Grand Island, Nebraska (the ••LefWee•) of ft same dale wA covering the pctperty described in the Security Instrwrtent and located at: 110 East Koenig, Grand Island, Nebraska 68801 {Proper?. nMMSS) 14 FAMILY COVENAMIS. In sdditiOn to the covenants and agreements made in the Security L.nstrurnent. Borrower end Lender further covenant and agree as follows: A. USE OF IfII offjLTY: COMPLIANCE %TFU LAW. Borrower shalt not seek. agree to or maize'mchange in the use of the Property or its zoning clamitication• unless Lender has agreed in writing-to the change. BortdWd, sttau comply,.. with all laws. ortdbuncea. regulations and requirements of any governmental body applicable: li> the Property. IL SUBO1RDENATE LIENS. Except as permitted by federal law. Borrower shall not aliow any lien inferior td, tllO. Security Instrument to be FePfected against the Propctr r without Lender's prior_taratfcri perrutission. C. LItENT IAW INSURANCE. Borrower shall maintain insurance against- resit loss in itddition to the other hazards for which insurance is required by Uniform Covenant S. D •190a00V1 WS RIGHT TO REINSTATE' DELETFD. Uniform Covenant 18 is deleted. E. ASUG11MENT OF LEASES. Upon Lender's. rNuest. Borrower shall assign to Lender all leases of the Property VW all security. deposits made in connection with i;::sc of the Property. Upon the assignment. Lender full have the right to modify-exterid or terminate the existing lexses:a id to execute new leases, in Lendci s. Sole disci n: As us d in This Kara raplt• E., the word "lease" shall meat "suhlr:: sp— tf the Security Instrument is urn a ItrasehaYd- F; WGNN ENT OF RENTS. Bom►wer urco ;cials•rJnall) asrrgns and transfers to Lender all the t�rsit and revenues Of thw lPY*.pe :y. Bottowcr authorizes Lender or Lender', agents to collect the rents and revenues and herc�y directs each tenant of the Prinietty to pay the rents to tender or 1 ender'% 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 %county only. If Lender gives notice cd breach to Borrower: (r) all rents received by Borrower shall be held by Bcorower as trustee for benefit of Lender only. to be applied to the sums scoured by the Security Instrument. (ii) Lender shall be entiti> JP, collect and receive all of the rents of the Property: and (ilt) each tenant of the Property 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 rents and has not and will not perfa'r`,:at,.y act that would prevent Lender from exercising its rights under this paragraph 1: Lander shall rM be required to enter upon. take control (it or maintain the Property efi«r. or after giving notice Of breach to Borrower. However. Lender or a judicially appointed receiver may do so at wwg Li c there is a breach. Any q*,uation of rents shall not cure or waive any default or invalidate any othe:;,nght or remedy of L.ero,"er. This assign- nwrt of rents of the Pfq"ny shall terminate whey the debt scouted by the Smwimty Instrument is p•Z.>i in full. G. CR(M&DUA111.T PRWISION. Borrower's default (yr breach under any note or agreement an which lender has an interest shat')- be a breach under the Security Instrument and Le =nder may invoke .my of the remedies permitted by the se urity (nste~'xrni BY SIGNING BELOW. 13 wrower a►: wl,%s and es to the c =6,, and provisions contained in this 1-4 Family Rider. f t��,�•t!✓ • (Seal) fk,�rr. nor terjry- .. undQr1 .(Seal) Horn*eCr tIMRMMI t•4 FMI imp -- Florae" Itas41111 +t " U111" #**W W '4! 0: 7. of sir -(Sell) Borrower ... ... ..(Seal) r{crrv,ee. a C.;RM 31,7U TO ai • �.... � a .mac: i7a e�•,.. ....: • 1 it10a!laa0� � -4i •r.:t 11a0'Jltrltf�! C