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<br /> ASSIGNMENT OF RENTS RIDER 99'1�'�SZ'71
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 20th day of M8y , 1999 , and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter refeRed to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinatter referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> hereinafter referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to as the "Lender", of the same date and covering the
<br /> property described in the Security Instrument and located at:
<br /> 4255 TEXAS GRAND ISLAND NEBRASKA 68803
<br /> (Property Address)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute additional secur�y
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Security Instrument shall be amended hereby and deemed to include the following provisions:
<br /> 1. Assgnment of Rents and Lender Rental Collection Risahts. Borrower hereby absolutely and uncondkionally assigns all rents, issues
<br /> and profRs of the property to Beneficiary. Lender shall have the right, power and authority during the continuance of the Securky Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property located thereon with or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borrower's collection and retention of such rents, issues and profits as they
<br /> accrue and become payable, so long as Borrower is not, at such time, in default with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. Appointment of Receiver. If any event of defauk in respect to the Security Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone claiming under Borrower, and without regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Ri�ht to Possession. In case of defauft in the payment of the said principal Note or interest, or any part thereof, as it shall mature,
<br /> or in the case of failure to keep or perform any of the convenants or agreements contained in the Security Instrument, then the Lender, its
<br /> successors or assigns, shall be and is hereby suthorized and empowered to take immediate possession of the said premises therein
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Aoolication of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be applied first to payment of the costs
<br /> of management of the property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and
<br /> reasonable attorney's fees, and then to the sums secured by the Security Instrument. Lender and the receiver shall be liable to account only
<br /> for those rents actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Security Instrument shall,
<br /> unless otherwise specifically required, be construed in accordance with Nebraska law, and in the event any provision herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceable, the same shall be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specifically modified by or inconsistent with this Assignment of Rents Rider or by any other applicable
<br /> rider, alI of the terms and provisions contained in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of R s Ri er on the da irst not d above.
<br /> B OWef DARR J VAN INKLE
<br /> _-�" , � �
<br /> ���'t'-� �, • �c1,� " �
<br /> eo��o,�e� AIGE E VANWIN LE
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 20th day of M8V 1999 , before me, the undersigned, a Notary Public duly commissioned end
<br /> qualified tor said county, personally came DARREN J VANWINKLE AND PAIGE E VANWINKLE , HUSBAND AND WIFE,
<br /> , to
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notarial Seal at GRAND ISLAND BRASKA in said county, the
<br /> date aforesaid.
<br /> GENERAL NOTARY�State of Nebr a � �
<br /> III SNERRI L.0'CALIAG
<br /> My Comm.Exp.Sept.28,1 "b�'° SHERRI CAL H N
<br /> My Commission expires: SEPTEMBER 28, 1999
<br /> F70615.LM6 (8/94)
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