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99 111241
<br /> � ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and exeCUted this 18th day of November . 1999 , and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinaRer referred 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 /> . hereinatter referred to as the "Lender", of the same date and covering the
<br /> property described in the Security Instrument and bcated at:
<br /> 3508 SCHROEDER AVE GRAND ISLAND NEBRASKA 68803
<br /> (Propsrty Addrss�)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and L�der have agreed that any rents and profits attributable to the property should constitute additional security
<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. Assianment of Rents and Lender Rental Collection Riahts. Borcower hereby absolutely and unconditionaly assigns all rents, issues
<br /> and profits of the property to Beneficiary. lender shall have the right, power and suthority during the continuance of the Security Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property bcated thereon wkh 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 /> accn.ie and become payable, so long as Bonower is not, at such tKne, in defauk with respect to payment of any indebtedness secured
<br /> hereby, or in the perforrnance of any agreement hereunder.
<br /> 2. A��ointment of Receiver. If any event of defauR � 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 Borcower, 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 defauR 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, ks
<br /> successors or assigns, shall be and is hereby authorized 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. Apolication 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 attomey's fees, and then to the sums secured by the Security Instrument. Lander 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 spec'rficaly required, be construed in accordance with Nebraska law, and in the svent any provision herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceable, the same shali be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specfficaly mod'rfied by or inconsistent with this Assignment of Rents Rider or by any other applicable
<br /> rider, all of the terms and provisions conta�ed in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assig�ment of Rents Ri n the date first noted above.
<br /> � ��
<br /> eo��owe� y�ON T LINCOLN
<br /> Borrowsr
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 18th day of November 1999 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personaly came CLAYTON T�LINCOLN , AN UNMARRIED INDIVIDUAL,
<br /> to
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing instrum�t, and he/she/they acknowledge the execution thereof
<br /> to be his/hedtheir voluntary act and deed.
<br /> Wkness my hand and Notarial Seal at GRAND ISLAND NEBRASKA in said counry, the
<br /> date aforesaid. �� GENERAL NOTARY-State ot NeDqska �
<br /> - �-� SHERRI L.O'CALLAGH ��
<br /> MY Comm.E�p.Sept.28,200 ary Public SHERRI O'C LA HAN
<br /> My Commission expKes: SEPTEMBER 28. 2003
<br /> F10615.LM0 (8/94)
<br /> �
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