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90107189
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Last modified
10/21/2011 1:24:27 AM
Creation date
10/20/2005 10:13:20 PM
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DEEDS
Inst Number
90107189
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rt, , <br />rots, :a,=. : ±•• ; <br />/ <br />M <br />90-107189 -- <br />_ 1.4 FAMILY IUDDER <br />mad of RMU <br />TMS 14 FAM X RIDER is made this 14th day of Deeembor . 1990 <br />sod is inootpnnued into and shall be deemed to Intend and supplement the Mortgage. Deed of Trust or Security Deed <br />(rho °St tufty Instrument ") of the carne dMe given by the undersigned (the "Borrower ") to secure Borrower's Note to <br />�h g� ��� g��� �� d � � e4 (the "Lender ") <br />of "t�iaEsi net t aad covarLiig the property desk d �ri tlnatSecunry InsIu8ument� and lobcatedkW: <br />207 West Nile Street, Cairo, Nebraska 68824 <br />lftp" AdOress( <br />1'4 FAMILY COVENANTS• In addition to the covenants and agreements made in the Security Itutrawnt. Borrower <br />tntd t,etder further covemml and agree as follows: <br />A. USE OF PROPERTY: COMPLIANCE VVITH LAW Borrower shall not seek, agree to or maker change in the <br />use of the Property or its zoning classification, unless Leader has agreed in writing to the change. Borrowrr shall COvsttply <br />with all laws, ordinances, regulations and requirements of any governmental body applicable to the Property' <br />B. SUBORDINATE !L"S. Except as permitted by federal law, Borrower shall not allow any lien inferior to the <br />Security instrument to be Perfected against the Property without Lender's prior written permission. <br />C. RE'VT LOSS INSURANCE. Borrower shall maintain rnsurancv against rent loss in addition to the other hazards <br />for which insurance is required by Uniform Covenant S. <br />D. "BORROWER'S RIGHT TO REINSTATE" DELETED. Uniform Covenant 18 is deleted. <br />E. ASSIGNMENT OF LEASES. Upon Lender's request, Borrower shall assign to Lender all leases of the Property <br />and all security deposits made in connection with leases of the Property. Upon the assignment. Lender shall have the <br />right to modify. extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in <br />this paragraph F., the word "lease" shall mean "sublease" if the Security Instrument is on it icasehold. <br />F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to lender all the rents and revenues <br />of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each <br />tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's Notice to Borrower of <br />Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents <br />and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an <br />absolute assignment and not an assignment for additional security only. <br />If Lender gives notice of breach to Burrower: (it all rents received by Borrower shall be held by Borrower as trustee <br />for benefit of Lender only. to he applied to the sums secured by the Security Instrument: till Lender shall he entitled to <br />collect and receive all of the rents of the Property. and (iii) each tenant of the Property shall pay all rents due and unpaid <br />to Lender or Lender's agent of Lender's written demand to the tenant. <br />Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would <br />prevent Lender from exercising its rights under this paragraph F. <br />Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of <br />breach to Borrower. However, Lender or a judicially appointed receiver may do w at any time there is a breach. Any <br />application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assign- <br />ment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. <br />G. CROSS - DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has <br />an interest shall be a breach under the Security Instrument and Lender muy invoke any of the remedies permitted by the <br />Security Instrument. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1 -4 Famdv Rider <br />y E. Robinson <br />DCVCI ly .iu TV YiJ♦r4 V.. <br />MUUWAtt 1.4 FAMU OUM — IFawta 11180M /le MU Ilallomn Intrrw M" <br />Form 1790 <br />.(Seam <br />acrrrrwer <br />—� <br />BOr'LNB• <br />.. •. �' ,J �' u. -. � • � ...(Seal" <br />•ar / -: suer <br />.(Sew) <br />•8aROWOR <br />FORM 317010.35 <br />__ 4•��',3YWIi�. <br />ii, <br />I . i;, i <br />�sur- <br />i, '}•.� :''„ 11+x.. <br />r <br />
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