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_ . _ , _ _ _ F __._._ __..__ .� _, � � �' � $�-- 10�8�� 1-4 FAMI�.Y I�ID�R � r' A�ment a�'Rents r � 7HI5 1-4 FAMILY RIDER is made this 27th day af Octaber . i9 89 and ii incaRpat�Oed into and shtll be damed to rsnead and suppt¢inent thc Mongege. Iked af'Itust ar Security Uecd (the "Socttriry IasWment") af the sa�tK date given by the undersigned (the "Hatmwer") to secure Bortawer's Notc ta oT�,ie Equitable 8uilding and Loan Associ�tion Gr�nd Island, Nebras�ce (�he "lxndcr") the sime da� �nd covenng the property descnbed �n the Secunty Instrument and locate at: 404 East 13th Street, Grand Island,��9�68801 , 1�4 FAMILY COM1�NANTS• ln addition to the covenants and agrre�nents made in the Security I�sttumeot, BoRawer and L,ender furthet oovettant and agrcx as fol�c�ws: A. USE OF PROPEATY; CUMPL1MiCE WITH LAW. Bc�rrower shall not seek, agree to or make o change in the use oi the Ptope�ty ex its zoning c��ssiflcation, ualess L.ender has agm�d in writing to the change. Borrawer shall comply witb all laws. o�dinances. zrgulations and m;,uirements uf any govemmental body applicable to the Propeny. B. 3UdORD1NA7'E LIENS. Except as peasnitted by fcdcral law. 8urrower shall not allow� any lien inferior ta the , Security [nstrument to be perfectec! against the Property w�ithout Lender's pnor written permissi�m. C. RENT LOSS iNSURAPiC�. Borruwet shall mainta:n. in.rurance again+t rent loss in addition to the other hazards for which insutance is roquired by� Unifotm Cor•enant �. D. '•80RROWER'S RIGHT TO REII�STATE" OE1.E'FED. l'n�t��tm Cavenant 18 is deletied. E. ASSIGNMEh"I' OF [.EASFoS. U�wn l.�nder'. rcy�ceac. Burrowcr �hall a�tiigce tu l.ender all leases uf th� Property � and all security deposits made in 4onaection wit� Iea�es of the Propeny. Upon the assignment. Lender slt�E►. have th� •, right to modify. eMtettd or tetminate the exititing lease� and to execute new Iea�eti, in l.ender's sole discretion. As used ir. .,; this paragr�ph E. th� word "leasc" shall mean "sublraae" if the Secunty lnstrumcnt is an a ieasehald. ��%�'�-;:- (i.:f,., � ♦Cr/(St1i11+t�NT Ar QFKTC_ Rnrrciwer ��nc�mdiei�►nallv as,�rm and vansfers to l.t:nder all the rents and revenues �� _ of the Plvperty. Borrower authanze� Lender or L.ender's agents to cuttrct the rent� :u�d revenue� and hereby direcis each = ' tenant of the Propetty to pay the rentti ro Lender or l.cnder's agcnts. Huwevcr, prior to L�nder's Noticc tc� Barrower of Barrowet's brcach uf any covenant or agrcement in the Security ]nstrument, Bc�rrou-er shall collect and receive all rents , and rcvenues o6 the Property as trustee fur the benefit uf l.cnder and Borrower. Thu assignment of renu canstitutes an absolute assignment and not an assignmem far additional ,ccurity only. if Lend�r gives notice of breach to Borrower: (i 1 all rcnt� received by Borrower �hsll be held by Batrower as wstec fot benefet of Lender only. to tk applied tv the sum> >ecured by the Security Instrument; lii) I.ender chall t►e entitted ro . collxt a�xi receive a6i uf i�he renta of the Pnzpe�t}•; and liii)rarh tenant af the Property �hall pay all rents due and unpaid to Lender ur Lender's agent on t,��der's wrcct�n dcr.�:srt�i to the tenant. Botrowet has not executed a,nw prior assignmcnt of ri'ze rents and ha� not and Will not perform any act that would prevcnt Lender from exercising its nghts under this paragraph F. Lender shall not be reyuired to rntcr upon, take �ontml of «r ma�ntain the Propeny b�:fore or after giving nutice of brexh to Borrower. However. Lender or a judiciall} appointed mceiver may do � at any time there is a breach. Any � application of rcnts shal! not curc or waive any default or invalidate any i�ther right ar remedy of Lender. This assign- ; �" ment of rGnts of the Property ��i terminate when the dcbt secured by the 5ecunty Instrument is paid in fulL ';:� l�. �CRO6.S-DEFAULT PROVISION. Boirower's default vr breach under any note or agreement in which [xnder has • an inurest shall be a breach under the Security lnstrument and Lend��-may invuke any of the remedies permitted by the Secvriry instrument. � BY SIGNING $EL.OW. Bolrower accepts asid dgrees �o the terms and pruvisions c�nWined in this 1•4 Eamily Rider. . .. . . . . . . . . . . . . . . . . . .. . . . .�. . . ..(Seal) Le0 CobSg eo�.owe� .. �,r-✓c.o.� . . (Sea1) . . .. . . . . .. . . .. . .t . . .. . . . . . .. .. . . . . Le na Jacobsen °°"o"'e' ' _--_ - L�:'•.'�.�?-.�.� . .. . .. . . .. . . . . . .. . . .. . . .(Seal) Oarla L. Platt ��6"O'M°' , . . . . .. . . . . . . . . . . (Sea3) ,Y � � . . . �prrpwe� � IIYIMTATE b� FAIMIy MQER — i�N liw'F�tNM M�c U�HMn Inttrrni�ail Foar.�:�,v+o-hs _ �� �btRe��tJ("? u.+—`� . ' _ ' . ' � ' �. _ � V � �