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_ � � � 11363
<br /> ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 19th day of November . 1999 , and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter referred to as the "Securky
<br /> Instrument", of the same date given by the undersigned, hereinafter 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 bcated at:
<br /> 2723 W DIVISION GRAND ISLAND NEBRASKA 68803
<br /> (Propsrty Addrses)
<br /> WITNESSETH:
<br /> WHEFiEAS, Borrower and Lender have agreed that any rents and profits attr�utable to the property should constitute additional securdy
<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. Assi�nment of Rents and Lender Rental Collection Riahts. Borrower hereby absolutey and uncond'Rionaly 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 Securiry 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 defauk wRh respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A000intment of Receiver. If any event of defauR in respect to the Securiry 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 appy to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Risaht to Possession. In case of defauk � 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 authorized and empowered to take immediate possession of the said premises therein
<br /> described and to collect the rents therefrom, and to appy the proceeds thereof to the payment of the Note.
<br /> 4. Application 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, receivers fees, premiums on receivers bonds and
<br /> reasonable attomey'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 spec'rfically required, be construed 'm accordance with Nebraska law, end 'm 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 spec'rficaly mod'rfied by or inconsistent wkh this Assignment of Rents Rider or by any other applicable
<br /> rider, all 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 ts Rider on the da first n ed abov�.
<br /> r BOfOWef M Y L SCH EGER
<br /> ��7 c�
<br /> eo�rowe KELLEE M SCHWIEGER
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 19th day of November 1999 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qualified for said county, personaly came MARTY L SCHWIEGER AND KELLEE M SCHWIEGER , 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/hedtheir voluntary act and deed.
<br /> Witness my hand and Notarial Sea GRAND ISLAND , NEBRASKA in said counry, the
<br /> date aforesaid.
<br /> �! �£yFQA -
<br /> .:�., �N� .—
<br /> � ,yywor��q�<rS�d�PC/yP otary Public�y�LLIAM L. McLELLAN
<br /> My Commission expires: AUGUST 12 2000 £x''aMc�F�t b�'�s�a
<br /> � "��'oo
<br /> F10815.LM0 (8/94)
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