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= r� � - x; 89� 10679'� -- _---1-4 F�°i[I�.� ItIDE�,�.._____, � A.�nment o� R�ents TtQS 1-4 FAMYI.Y RIDER is made this 18�ttlay af December , t989 �nd is inooqwtatod iaW uid shaq bc decmcd to amcnd and supplement the Martgagc, Deed of Trust or Security I)eed . (d�e •'Socurlry 1nsWment") of the same date given by the undersignod (the "Boirower") to secure Banower's Nate ta The Equitable Building and Loan Associetion, Grend Island, Nebraska tche •'Lender") af dxs sait�e date and eovedng the property descdbcd in the Security lnstrument and located at: 1512 SouLh Sylvan Street, Grand Island� Nebraska 68801 �Properry adarosst 1�FAMILY COVENANTS. In addition to the covenants and agreements made in the Security lnshvment. Borrower and I,ender furthcr covenant and agree as follows: A.IJSE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall �ot seek,agree to or make a change in the ase of the Property or its zoning classification. unless Lender has agreed in writing to the change. Horrower shall comply with all laws. ordinances. regulations and requirements of any governmental body applicable to the Property. B. SiJBORDIIVA7'E LIENS. Except as permitterl by federal law, Bonower shall not allow any lien infe�or to the Securiry Inswment to be perfected against [he Property without Lender's prior written pertnission. C. RENT LOSS INSURANCE. Borrower shall maintai� insurance against rent loss in addition to thz other hazards for which insu�ce is reyuired by Uniform Covenant 5. � D. "BORILOWER'S RIGIHT TO REINSTATE" DELETED. Unifonn Covenant 18 is deleted. E. ASSIGNMENT OF LEA�FS. Upon Lendei s request, Borrower shall assign to Lender all leases of the Propeny and al1 security deposiu made in connection with leases of the Properry. Upon the assignment, Lender shall have the ' right to modify.extend or terminate the existing leases and ta execute new leases, in Lender's sole discretion. As used in , this paragraph E. the word "lease" shall mean "sublease" if the Security Insuvment is on a leasehold. , - ; ;.;�,�,.*"�,*;';' ^�°...�,*:':'w. E3.^.�::'er an�r.�ii'sor.sLy �segr�� ransfP*5 t�!!�n�?r all rhe rentc and revenues ��--� � of ttte 1'�+operty. Bomower authorizes Lender or I.ender's agents to collect the rents and revenues and hereby directs each ' -`, i , tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to l,ender's Notice to Borrower 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 Uustee for the benefit of l,ender and Borrou•er. This assignment of rents constitutes an = absoluu assignment and not an assignment for additional security only. : If Lender gives notice of breach to Borrower: (i) all rents received by Bonower shall be held by Borruaer as trustee ti for benefit of Lender only. to be applied to the sums secured by the Security Instiument; (ii) Lender shall be entitled to : collxt and receive all of the rents of the Property: and (iii)each tena�t of the Property shall pay all rents due and unpaid ' to Lender or L.ender's agent on l.ender's written demand to the tenans. ' Borrower has not executed any prior assignment of the rents and has not and wiQ not perform any act that wauid prevent I.ender fram ezercising its rights under this Paragraph F. ' Lender shall not be required to enter upon, take control of or maintain the Propzrty before or after giric�g norice of breach to Bomower. However, Lender or a judicially appointed receiver may da so at any time there is a breach. Any application of renu shall not cure or waive any default or invalidate any other•right or remedy of Lender. 'i'his assign- ,.;.._ ment of renu of the Property shal3 terminate when the debt secured by the Security instniment is paid in full. � � � �. G.CROSS-DEFAUI.T PROVISION. Borrower's default or breach under any note or agreement in which Lender has , : an intenest shall be a breach under the Security Inswment and Lender may invoke any of the remedies permitted by the , Security Instrument. �--- BY SIGNING BELOW. Borrower accepts and agrees to the terms and provisions contained in this 1-4 Family Rider. .. .. . .� .. . .T .. ...�.��t/!�! �r. . . . .(Seal�. Jer . �� _J�/ �•Borrower "�. .. ��• •��`• •r��`�'�-. ?. . . . . .(5eal) Be`v�eriy A. Th �so«oWa� ;_- __ -- ( . .... .. ..... ... ... . .. . ... . .. .... ... . . . ... .. . . .. . ..... . . .(Seal) � �-Borrower ; . . . .. . . .. . . .. . . . . .. . .. . . .. .... .. . .. . ... ... . . .. . .. . . . . . .�$:.d�) 1 -8orrowe� L � lYW�TISTATE 44 �AlkltY MUflI�P�!:a!s!!!3!iFrMSle M�t LNtltetm InEtn�menl FORM 3170 i0�85 � Fprm1790 ;� ��.., . ...,. .n.�e. . _: r; . Q� . . T, ., �