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_ I � �; I �-4 FAMILY RIDER $�"3 0 5 9 91 r As�nRnent af R�nts I • 'I�S 1�4 EiAMi1.Y RIDBR is made this 30thday of October � ��89 , and i� it�oo�porated inW and shall be damed to amend and supptemcnt the Mangage. Deed of 7lrust or Security Deed (the "Security insWment") of thc samc dau given by the undersignod (thc "Borrower'1 to securetg �ro er' �Vote ta The Equitable Building and Loan Association 113-115 N. l.acust, Gra�d � ��' '�nder") of the same date �nd covering the property described in the Security lnstrument and lacate+,i at: 103-105 - 115 W. Phoenix St. , Grand Island, NE 68801 �Property Address� 1�4 FAMlLY CUVENAN'f'S. In addition to the covenants and agreements made in the Security l�s�ument, Borr�wer �,-�i Le:w� ftu�;.r :.u.cnar.t and ag;� as fu!la�:s: A. USE OF PAOPER'I'Y;COMPLL4NCE WiTN I.AW. Borrowe� shall not seek,agae� to ur make a change in the use of the Pcoperty or iu zaning classificatian. unless Lender has agreed in writing to the chanfie. 8an�a��er shall comply with all laws, ordinances, regulations and reyuirements of any guvemmental body applicable to che Pcapeny. B. SUBORDINATE LIENS. Exceps as permitted by federal law. Borrow�er shall not allow• an�� lian infe�o� to the Securiry Instrument to bc perfected against the Prvperty wi�huut l.ender's prior written p�nnission. C. RENT LOSS INSURANCE. Bum�wer �hall maintain inwrancc against rent lu�s in addition to the other haz2u'ds for which insurance is nquired by Uniform Covenant 5. ' D. •'BOItROWER'S RIGHT TO REINSTATE" DELET�D. Unifurm Covenant 18.is delete�.� E. .ASSIGNMENT OF LEASF,S. iT�oan Lender'ti rcyuest, Barrower tihali a,sign t.i Lc:�der ali leases uf the Fruperty and ail security deposits made in cannection with teaseti af the Pm�xny. Upon the assi�nment. L�nder shaU have the , t . right ta modify.cxtend or terminate the existin�leases and to exrcutc new�le:�,es, in Lc n der's�ule discretion. As used in � __ this paragraph E. the word "lease" sha]{ mean "subleatie" if' the Sccurity Insttument•.is ore a leasehold. �,. �� F. ASSIG:vMENT U� R�N'1'8. Borrower uncondUianally �ssigns and tr:�nsfen to L.ender all the rents and revenues - of the P[opaty. Bnrrower authorizes Lender ur Lender's agent� tu collect the r�nts and revenues and hereby directs each taaant of the Property t�► pay the rcnt� to l.cndcr ur Lender'ti agcm�. How�ever, prior to Lender'. Noticc to Borrower of Borrower's bteach of any rnvenant or agreement in the Security Instrumen�. Borrower shall coliect and receive al! rents �- and revenues uf the Properry as trustee for thc benefit of I.cnder and Burrower. This assignment ot rentt ronstitutes an absoluu assignment and nat an asaignment for additional �:curity only. — If Lender gives notice of hr+each to Bormwcr. (i) all rznts received by.Batrower ahall be held by Borrower as trustee for benefit of i.cnder only. to be xpplied a� the sums �ccurcd by the Sccurity.lnstrument; Iii) L.ender shall be entitled to collect and receive all vf the renis uf the Propeny; and (iii)each tenant nf the Pmperty �hall pay all rents due and unpaid '� to Lender or Lender's agent on l.ender's writtcn demand to the tenant. � Bomawer has not executed any priur nssignmrnt uf the rents and h�a not and w ilt not perfottn any act that wautd .� prevent I.ender from execcising its rights under this paragraph F. _ Ltnder shall not be c��ired to enter upon, take contro! uf ur maintain the Property befure or after giving notice of breach to Borrower. However. l.ender or a �udicially appointed rereiver may do so at any time there is a breach. Any ��" applicauon of rents shall not cum or waive any default ut invalidate any other right or temedy of Lender. 7'his assign- ;,-- ment of rents of the Propetry �hall 'terminate when the debt �ecured by the Security Instrument is paid in full. ;�� G. CROS►S-DEFAI3LT PROVISION. Borrower's default or breach under any note e�r agreement in which l.ender has an interest shall be a breach under the 5ecurity instrument and I,en@er may invoke any af the remeeiies permitted by the Securiry [ceswment. �Y SICitVING $Et.OYr. 8orrower accrpts anJ agrres t� the terms and°pr�visian5 cuntained in Ehis�!-4 Family EiiQet. Y . �� i f . .�i!�%'�-!.v--�"_:�. . . . . .. . . . . . . . . . . .. .�$t'.8�) Vicente T. Valadez e°"°'"e' . . . . . . . . .. . .. . . . . . . . . .. . . . . . . . . . . .(Seal) .-_----_- Bo�roNe� , . .. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. .($Cel) . . . . . �sono+rer . . .. . .. . . . . . . . . . . .(5eall L . . . Bo�•ower , h Lt!f MI�L11f?ATf t•� FA�IIY IIiDEI{ —Fa�M� MN;TrNrN NK UeH�rn��ntt�n�n1 �araM��ro��tss T � I /� . , � f<xrr�'Jq!: �.1� • . �. . .,......1