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99 ii1708
<br /> ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 10t11 day of December . 1999 , and is
<br /> incorporated hto and shall be deemed to amend and supplement the Mortgage or Deed of Tn�st, herenaRer referred to as the "Security
<br /> Instrument", of the same dete given by the undersigned, h�einafter referred to as the "Borrower", to secure Borrowers indebtedness,
<br /> hereinaRer referred to as the "Note", to UNITED NEBRASKA BANK
<br /> hereinaRer referred to as the "Lender", of the same date and covering the
<br /> property described in the Security Instrument and located at:
<br /> 11251 W ABBOTT RD CAIRO NEBRASKA 68824
<br /> (Property Address)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attr�utable to the property should constRute 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 folbwing provisions:
<br /> 1. Assignment of Rents and Lender Rental Collection Ris�hts. Borrower hereby absolutey and unconditionally assigns all rents, issues
<br /> and profits of the property to Beneficiary. Lender shall have the right, power and suthority dur�g the continuance of the Security 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 profks as they
<br /> accrue and become payable, so bng as Borrower is not, at such time, in defauk with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. An�ointment of Receiver. If any event of defauR in respect to the Security Instrument shall have occuned 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. Riaht to Possession. In case of defauR in the payment of the said principal Note or interest, or any part thereof, as k shail mature,
<br /> or in the case of failure to keep or perfoRn any of the convenants or agreements contained in the Security Instrument, then the Lender, Rs
<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 theretrom, and to appy the proceeds thereof to the payment of the Note.
<br /> 4. An�lication 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 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 ihe 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 specificelly modified by or inconsistent with 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 � full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider on the date first noted above.
<br /> /
<br /> rrowsr �U T J CAS
<br /> � � n ! �
<br /> 1
<br /> so��o sr HEATH R D C EN
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 10th dey of December , 1999 , before me, the undersigned, a Notary Public duly commissbned and
<br /> qualified for said county, personaly came JUSTIN J CASPERSEN AND HEATHER D CASPERSEN , HUSBAND AND
<br /> WIFE, , 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 , N BRASKA aid counry, the
<br /> date aforesaid.
<br /> � ':,�.�,���,�, Notary Public yy���AM L. M LELLAN
<br /> a � y�.
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<br /> w►y Commission expires: AUGUST 12 2000 � � ����olg�,,��
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<br /> F70815.LMO (8/94)
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