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-h i r- r.�r'- ��"'... "ALP; - Nlhnirj J29'Y•,Mjij,� . _ a• T.;. ... � T __ t!. is 1.4 FAMILY RIDER 90- 107047 R �fy'I THIS 14 FAMELY RIDER is made this 6th day of December ` ;•.i +', ; % and is i000rpotatod into ad shall be deemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (do 11ecuttity Inshwaent') of rite same date given by the undersigned (lhe "Borrower ") to secure Borrower's Note to The Equitable Building and Loan Association, Grand Island, Nebraska (the -Lender") . of the same date and covering the property described in the Security Instrument and located at: 216 -218 West 6th, Grand Island, Nebraska 60601 IP►oaaty Aaonssl ^�,•r.- T',�,', ,. ; '' 1-4 FAMILY COVENANTS. In addition to the covenants and agreements made m the Security Instrument. Borrower nod Lenda f ndur covenant and agree as follows: A. USE OF PROPEMI COMPLIANCE WCI'H LAW. Borrower shall not seek, agree to or make a change in the use of the Property or its zoning classification. unless lender has agreed in writing to the change. Borrower shall comply with all laws, ordinances, regulations and requirements of any governmental body applicable to the Property. B. SUBORDINATE LEM. Except as permitted by federal law. Borrower anall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender's prior wntl:n permission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against mig loss in addition to the cuher hazards for which insurance is required by Uniform Covenant 5. D. "BORROWER'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 all security deposits made in connection with leases of the Property. Upon she assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new is ses, to Lender's suic discretion. As uud this paragraph E. the word "lease" shaii mean "sublease" if the Security Instrument is on a leasehold. Y ..: t F. ASSIGNMENT OF RENTS. Borrower uncondir..lnally assigns and transfcr,; t. Lender all the rents and Te'enucs of the Property. Borrower authorizes Lender or Lender's agents to collect the rents aid revenues and hereby directs eac h tenant of the Properly to pay the rents to Lender or Lenders agents 4.lowever• prior to Lender's Notice to Borrower of Borrower's breach of any covenant or agreement in the Security lc.trument• Borrower ,hall 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 addition.0 security only. If Lender gives notice of breach to Borrower: (i) all rents received by Bom�wer shall be held Borrower n trustee ". de for benefit of Lender only, to be applied to the sums secured by the Security Instrument: (ii) Lender shell let entitled to collect and receive all of the rents of the Property: and (iii) each tenant of the Property shall pay all rents due and unpaid to lender of Lender's agent on Lender's written demand to the tenant. of the rents and has not and will not perform any act that would Borrower has TIN er•e_cuted any pnkr assignment prevent Lender from exIercistng its rights under this paragraph F. or maintain the 'Pro; cny before or after giving notice of Leader shall not be required to enter upon, take control of breach to WiTower. However. Lender or a judicially appointed receiver may do ur at any time there is a breach. Any • application of rents shall not cure or waive any default or invalidat. am other right or remedy of Lender. This assign- ,.', meet of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. ;.r ty��• i.. •' G. CROSS-DEFAULT PROVISION. Borrower's default or breach under any nose or agreement in whir?+ Lender has J an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permirncd by the Security Insiaument. 13Y SIGNING BEWNV. ¢)+•rower ac:•cprs and agrees to the terns and pro%r iom contained in this 1.4 •Family Rider. ! yor Ower K. C. Hehnke j r.�'l ��t �.�•y- a�f':L`� (Seal) C t Deborah M. Hehnke eo"ON°' j M UISTAIN W PAW MW — FOO MWF"19 ON 1M8arm larde•aerm Form 1190 ............... ( Seal ) 80"awu FORM 917010 -85 �" • -n--.. �� .,,..._ li :� .; , ±NYC .ti N.-