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(r 105475 1.4 FAMILY RIDER Aeei�pnmew or Pads DO 1-4 i'AMW RIDER is made this 6th day of October , 19 89 , tlrtd it i�aaorpotMed iND W shall bt deemed to amend atmd supplement the Mortgage, Dead of Trust or Security Deed _ 169 ' Setadtitq bNUMM t"} of tin same date given by the undersigned (the „Borrower ") to secure Borrower's Note to Equitable Building and Loan Association 113 -115 N. Locust, Grants Island, "Le+dor") of ie mm dot and eover*g the property described in the Security tnsmunent and located at: 2510 G ce Avenue G -I` E 68803 r a* r Island, N f its, in addibo:to tm+e':"t anti vemmts �itij;�� sn $hi `�� , In�mst�ttect, l3oitcouo!ar , amt 'Yaeader ititut 'am agtt . Qla .�lkrws: ,; i�,YL ; A- US91Dl! ;> 1RY'Y; COMirLTi�'1iCE WIITH LAW. 8ciiir vier shall not seek. agi>:e to or make a change in the use of the Property or its toning classification. unless Lender has agreed in writing to the change. Borrower shall comply with all laws, ordbmances, regulations and requirements of any govemmental body applicable to the Property. IL SUNMO NATE LIENS. Except as permitted by federal law. Borrower shall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior written permission. C. RIENT LOBS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is requited by Uniform Covenant 5. D. "NORI10WEWS MGM TO REIN DELETED. Uniform Covenant 19 is deleted. E. ASSIGNMENT OF 19ASES. Upon Lender's request. Borrower shall assign to Lender all leases of the Ptnperty and all security deposits made in connection with leases of the Property. Upon the assignment. Lender shall have the ' _. right to modify, extend or terminate the existing lenses and to execute new leases, in Lender's sole discretion. As used in _ this paragraph, l?, the word "lease" shall mean "subler►se" if thr Security Instrument is on a leasehold. IF ASSIGNMENT OF RI:IL'TS. Biwivwer uim- mditionally assigns and transfers to Lender all the rents and ravvnues 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 ' u* Yht s Property as trustee ffc1s. ��tme benefit of Lender and Borrower. This assigwtr.,ent'of rents constidrtt s an: abscit:arr tt:;t,agw". t and not an assignrr.�.r for additional secun7,y xualy. 0 Lead= gs s notice of preach to Burrower: (i) all rents received by Borrower shall be held by Borrower as trustee' for benefit oi4trider only, tar be applied to the sums secured by the Security Instrument: (ii) lender shall be entitled to collect and rrreive all of the rents of the. Property: and (iii) each tenant of the Property shall pay all rents due and urt{zcid to Lender or Under's agent on Lender', written demand to the tenant. i IRoirruwer has not executed any prior assignment of the rents and has not and will not perform any act that 4w 4;d pMerrt Lender from exercising its rights under this paragraph F. Lender shall.not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borro#tr. However. Lender (tr # judicially appointed receiver may do ,o at any time there is a breach. 16 my application of rm,% shall not cure or waive any default or invalidate any other right or remedy of Lender. This assign - nvmt of rents of the Propwy. shall terminate when the debt secured by the Security Instn►ment is paid in full. G. CIR055.1DEFAULT PROVISION. Borrower's default or breach under any note cot agreement to 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 accept, and agrees to the terms and provision~ contained in this 1.4 Family Rider. -e--�' . ( Seal ) Botrowo► Richard R. Krraance Patt) °. K. K: ance ......... ... . . . i1kW i'. j. IAA MIM 14 F"If MtMlt rftoe MoirrWit+ Mw uoft n► instrYntMt >OR" 31M 1055 t a 1owassl"3 flA►'i tii`. i I. - Y -