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i !. a.. i k - f;) errs• ' ,4MVtwt,wMl"+r^ "tv` F 7 90-- 107301 i " = =ea_ . 14 FAMILY RIDER Aedlm * of Rents THIS 14 FAMMY RIDER is made this 19th day of December . 1990 turd it incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "8 mdty Instrument ") of the same date given by the undersigned ( the "Borrower ") to secure Borrower's Note to The Equitable Building and Loan Association of Grand Island Nebraska lihe "Lender") of the name due and covering the property described in the Security Instrument aria located at: 724 West 10th St. Grand Island, NE 68801 lftopMv Anrlresrl 14 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument. Borrower and Leader further covenant and agree as follows: A. USE OF PR0111IR , COMPLIANCE WITH LAW. Borrower shall nut 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 Fntdy apph able to the Property. B. SUBORDINATE LIENS. Except as permitted by federal law, Bumiw•er shall not allow any lien inferior to the Security Instrument to be perfected against the Property without Lender "% pn:Ir written permission. C. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Uniform Covenant S. D. '•BORROWER'S RIGHT TO REINSTATE" DELETED. t'nihrm Cnvenum Ig is deleted. E. ASSIGNMENT OF LEASES. Upon Lenders request, Borower Khal l assign to Lender all leases of the Property 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 exisliutt leases mid to exeouh iwvv leases, its Leitdel's sole discfeiion. As Used in this paragraph E. the word "lease" %stall mean "sublca<e" if the Security Instrument is on a leasehold. F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rem., and revenue, and hereby di,ects 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, Burrower ,hall collect and receive all rents and revenues of the Property us trustee for the henctit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment lOr additional .ccuniy only. If Lender gives notice of breach to Borrower. is) all rents received by Borrower shall he held by Borrti%er as trustee for benefit of Lender only. to he applied to the sums secured by the Security Instrument: iii) Lender shall he entitled to collect and receive all of the rents of the Property. and out each tenant of the Property %hall pay all rents due and unpaid to Lender or Leader's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph F. Lender shall not be required to enter upon, take control of or maintain the Properly Wore or alter giving ntilice of breach to Borrower. However. Lender or a judicially appointed receiver may do %o at um time there is a breach. Any application of rents shall not cure or waive any default or imalidate any tither right or remedy of Lender. This assign- ment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full G. CROSS - DEFAULT PROVISION. Burrower'+ default or breach under any note or agreement in which Lender has an interest shall be a breach under the Security Instrument and lender may invoke any of the remedies permuted by the Security Instrument. BY SIGNING BELOW, Borrower accepts and agrees to the terms and pnovi. ions contained in this 1.3 Family Rider. Susan E. Hadenfeldt ttA1 SWAIT 1.4 FAMQY RIDER — Fwmie ItttmFfeddit Moe Ualkrm lash mtnrl form 1790 4 seal) An••owe• t St:�U yc•,.;nr t veal► Bor,owo (seal) ow,006, FORM 3110 10-85 i �'•�t6a'. =' 1