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� - � � f .X' 89— ��ES�s:� 1-� FAMILY RIDEIt � Assignment of Rents � � � '1"�IIS 1-4 FAMILY RIDER is made this ��hday of Doc�mber , �g 89 , and is incotpoiated into and shall be dcemed to amend and supplement the Mortgage. Deed of Trust or Security Deed (the "Stcuriry InsWment") of the same date given by the un�iersig�ed (the "Borrower") ta secure Honrawer's Note to The Equitable Building and Loan Association, �rand Island, Nebraska (ihe ••Lender") of the same date and covering the property described in the Security lnstrument and located at: 3421 Andrew, Grand Island, Nebraska 68801 �Property Address] 1�4 FAMILY COVENANTS.In addition to the covenants and agreements made in the Security l�strament, Bolrower and Lender further covenant and agc�e as follows: �. Je�L1�DDl1DFDA'V� �r�Mp>>eN� W�7�}� 1.AW. R�rr�wPr shali not ceek, aeree ta or make a chanRe in the use of the Progerty or its zoning classificatian, unless Lender has agreed in writing to the change. Borrower shall comply with all laws. ordinances, regulations and requirements of any govemmental body applicable to the Property. B. SUBORDIIVATE LIENS. Except as permitted by federal law, Barro�ti�er shall not allow any lien inferior to the Security InsUVment to be perfected against ihe Property without Lender's prior written permission. C. RENT L06S INSURANCE. Borrower �:hall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Uniform Covenant 5. D. •'BORROWER'S RIGHT TO REINSTATE" DELETED_ Uniform Covenant 18 is deleted. E. ASSIGNMENT OF LEASES. Upon Lender's request, Borrower shall assign ro Lender all leases of the Property and all securit�� deposiu made in connection with leases of the Property. Upon the assignment, Lender shall ha��e the right to modify, eatend 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 Securit}� Instrument is on a leasehold. ' F ASSIGNMENT OF AENTS. Borrower unconditianally assigns and transters to I.ender aU the rents ana revenues : ___ of the Property. Borrower authorizes l.ender 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 tu Lender's Notice to Bormwer of -__ �om�wer's breach of any covenant or agreement in the Security Instrument. Borrower shall collect and receive al! rents -_ and revenues of the Property as trustee for the benefit of L.ender and Borrower. This assignment of rents constitutes an - absolute assignment and not an assignment for additional security oniy. -- - lf Lender gives notice of breach to Borrower: ii) all rents received by Borrower shall be held by Bonower ac trustee _ � for benefit of Lender only. to be applied to the suma secured by the Security lnstrument; (ii) Lender shall be entitled to � collact and receive all of the rents of the Property;and (iiil each tenant of the Property shall pay all rents,due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and wii! not perform any act that would pt+event Lender from exercising its rights u�der this paragraph F. Lender shall not be required to enter upon, take control of or maintain the Property 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 applicarion 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 fall. ;>�..`,:. G. CROS.S-DEFAULT PROVISION. Borrower's default or breach under any note or agteement in which Lender has � an interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Secvrity Instrument. BY SIGI�JING BELOW, Borrower accepts and agrees to the terms and provisions containeci in this 1-4 Family Rider. .�7�u�. .l/c-. .`. . �,jl.-�. ... ... . ... . .... . . . . .(5ea1) LeRo A. NSe r /!��?c% �-so«oWer Y � �. ..Ct� as-�_ �f../.?'}-cr.. �- !. .. .. . . ... . .. . . (Seal) Margaret�. Meyer � �� eo«owe� ___ ____ .-- -- - . .. . . .. . ... . . .. . .. . ... .... . .. . . . ... ... . . . . ... . ... ... . .. .(Seal> -Borrower . .... . .. . ... . ... . ... ... . . .. . .. . .. ... . .. . .. . ... . .. . . (SC31) Y�. L .. . . .��,�,e, -r � . a ti MULTI�TATF�1-� FAMlLV 810ER—Fu�nl� M��ifroHl� M�e Unlform tnslrum�nt FURM31%�1U85 � ., .. .. a,. . . _ . . 1t5 Form IIQQ Q� - ... . . . . .' �. ��