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� 1 � X� ' 1� 1��#MIL�d RIIlER^_ $�/"'"� �!�` ( "^ rA�signment Of IientS 7HIS Irl Fd►NALY RIDER is madc chis 15thday af December , 19 89 , and Is incoipontLed intu and shall be damed to amend and supplement the Mongag�. Deed af Trust or Security Deed (d�e "Securiry Instrument") af the same: date given by the undersigned (the "BoROwer") ta secure Bortower's Note to The Equitable Building and Loan Assneiation, Grand Island, Nebraska (�he ••Lende�"t of the same deu and covering the property deseribed in the Security lnsaumem and located at: 223 Narth Garfield and 2217 West Third, GraRd Island, Nebraska 68803 (Properry Ac7aress) � 1�4 FAMILY COVENANTS. In addition to the covenants and agnements made in the Security lnstrument, Borrower . and Leader further covenant and agree as follows: A. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree ta ar make a change in the use of the Pioperty or its mning classification, unless l.ender has agreed in writing to the change. Bonawer shall comply with all laws. ordinances. regulations and requirements of any govemmental body applicable to the Propeny. H. SUBORDDVATE I.IENS. Except as permitted by federal law, Barrawer shall nat allow any lien inferior to the Security Inswment to be perfected against the Property without Lender's prior written pertnis�ion. C. RE1VT LU6S INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for which insurance is requined by Uniform Cavenant 5. U. �•BORROWER'S RIGHT TO REINSTATE" DELETED. Uniform Cavenant 18 is deleted. , E. ASSIGNMENT OF LEASES. Upon Lender's ►equest, Burrower tihali assign tu Lender all leases of the Property � and all security deposits made in connection with leases of the Propeny. Upon the assignment, l.endcr shall have the � right to modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in ' this paragraph E, the word "lease" shall mean "sublease" if the Security lnstrument is on a leasehold. ! �- ; ::; ; F. ASSIGNMENT OF RENTS. Borrower unconditionally assigns and transfers to Lender all the rents and revenues -- of the Property. Bormwer authorizes lxnder or Lender's agents to collect the rents and revenues and hereby directs 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 bneaeh of any eovenant or agreement in the Security� instrument, Borrvwer shall collect and receive all rents and revenues of the Propert�� as trustee for the benefit of lxnder and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional securit}• only. •. � If Lender gives noiice of breach to Borrower: (i)all rents recei�•ed by Borrower shall be held by Borrower as trustee �= � for benefit of Lender only, to be applied to the sums secured by thc Security lnswment; (ii) Lender shall be entitled to collect and receive all of the[�ents of the Property: and (iii)each tenant of the Property shall pay all rents due and unpaid r to Lender or Lender's agent on Lender's written demand to the tenant. � Bomower 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 Property bzfare 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 ;-�� application of rents shall not cure or waive any defautt or invalidate any other right or remedy of Lender. This assign- � '�•�.. ment of rents of the Property shall terminate when the debt secared by the Security Instrument is paid in full. �. ' G. CROSS-DEFAUIT PROVISION. Borrower's default or breach under any note or agreement in which Lender has � � an inter�est shall be a breach under the Security Instn�ment and Lender may invoke any of the remedies permitted by the Security instrumetu. . BY SIGNING BELOW, $orrower accepts and agrees ro the terms and pruvisions cuntamed in thi� f-4 Famity Rider. ��.� �� o��- , . . . . . . .. . .. . .. . . . ... . . .. ... ..(Seal) Patrick V. Frickey � �� -so«oWe� . q-- _--- �L.�<E.. : . . . . .. . . .. . . .. . .. . . . . . ... ..(Seal) 8�nnie K. i @�/ BO�rOw@r , ,(�c,z,�...� �5' ,�,��., . .. .... .. . .. . . . . ... .�. . . .. . .. . . . . .. . ... . .. . .. .. . . . . . . . . .{Seal) ' •Borrow@r �r � .. . ... . . . .. . . . . . . . . . . . . . . . . .. . . (Seal) , . .. . ... . . . . . . . . . . . . . .. .�rrower � , �h Ifl tt4 ; MUL71iTATE 1-� FA1AIUl R1DER-- F�nal� Mu�FnddN Mu UnNorm Inttromtnt ropM 3�ro io-ss � ��prm i140 Q� ,. ..„ : .. , _' ' r: . . �