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_ _... ___ i � � , � x. I 89— los�9� lw4 FAMILY RIDE� � A.�nment of Itents � THIS 1� iiAMII.Y R[DfiR ia made this 27thday of November , 19 gg , and is inooipo[teed into �nd sh�11 be damod ta amend and supplement the Mortsage. Dced of Trust or Security Deed (d�e "Savriry Inswment") of tDe sune date given by the undersigned (the "Horrawer") to secure Borrower's Note to Eauitable Building and Loan Association 113-115 N. Locust Grand Island�NE(ehe ��Lender") of the sarne dau and covering the property described in the Security lnstrument and located at: 919 West 13th Street� Grand Island, NE 68802 (Properry Atldress) 1r1 FAMILY COVENANTS.In additaon to the covenants and agreements made in the Securlty Instrument, Borrower and I.eadcr further covenant and agr+ee as follows: . A,. USE OF PROPERTY;CONPLIANCE W1TN LAW. Borrower shall not seek, agree to or make a.change in the ; use af the Ptoperty or its zoning ctassification. unless Lender has agreed in writing to the change. Borrower shall comply with a1) laws, o�inances. regalations and requiremenu of an� go�emmental bc�dy applicable to the Property. B� SUBORDIlVATE LIENS. Except as permitted by fedeta! law�. Borrower shall not allow any lien inferior to the Secnrity Inswmer�t to be per�ected against the Property without Lender's prior written permission. C. RENT LUSS INSURANCE. Borrower shail maintain insuran�e against rent lass in addition to the other haz.ards for which insurance is �eyuit+ed by Uniform Covenant 5. ' D. "BORROWER'S RIGHT TO REINSTATE" DELETED. Uniform Covenant 18 is deteted. . E. ASSIGN11�1VT OF LEASFS. Upon I.ender's request. Borrower shall 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 existing leases and to execute new leases, io Lender's sule discretion. As used in . this paragraph E, the word •�lease" shall mean �'sublease" if the Securi�y InclmmpP.t �� n � !easPh�l�+. . i � � :.:�— F. ASSIGNMEIV'1' OF ltENTS. Bomower unconditionally assigns and transfe� to Lcnder all the rents and revenues �- of the Property. Bortnwer authorizes L.ender or Ixnder's agents to cotlect the rents and revenues and hereby direrts each _ : tenant of the Property to pay the rents to Lender or l.ender's agents. However, prior to Lender's Notice to Borrowcr of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustec for the benefit uf l.ender and Borrower. This assignment of rents constitutes an � absolute assignment and not an assignmenl for additional security only. If L.ender gives notice of breach to Borrower: (i) all rents received by Barrower shall be held by Boirower as trustee =� for benefit of Lender only,to be applied to the sums secured by the Security Instrument: (ii) Lender shall be entitled to collect and receive all of the rents of the Property; and (iii) each tenant of the Pmperty shall pay all rents due and unpaid to l.ender or Lender's agent on i.ender's written demand to the tenant. � Bornower 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. t Lender shall not be required to enter upon. take contrul of or maintain the Propeny before or after giving notice of . breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any .�- applicadon of rents shall not cure or waive any default or invalidate any other 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. Bonower's default or breach under any note or agreement in which L.ender has ' an interest shall be a breach under the Security lnsuument and Lender may invoke any of the remedies permitted by the - Security Instrument. BY SIGI�YNG BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4 Pamily Rider. . : ..��. .�. .�!v.��-�. . . . . . . . . . ..(Seal) Dav' R. IrJoads -BO"oNiet _" �'��,��-�,.d�- -- - , . tsea]) •— -— � L ette A. WOOCJS �eorrowei - � . , " I .. . .. . . ... ... .1.�. .��. . ..(Seal) � ��. . . .. ... . .. .. . . . . Steven A. Woods -eo��oWe� �� �° ... .. .. . . . . . ..(Seal) � L . .. . .. ... . .. . . . . . . . � .Borrowe� . �� t MUL?IitA'tE t-1 fAMILY RIOER —F�nnl� MteiFnd�ll Mu Unflorm In�tNment FopM 3»0�aes y � e t Form V9U ('�� . .:,.. � . , , . . i-. • _ ---� . , .. . . . . —�� It,l�S:'. _ ". � :��f,� .��r` _�""�, .s •