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ASSIGNMENT OF RENTS RIDER �� 1118 3 2
<br /> THIS ASSIGNMENT OF FiENTS RIDER is made and executed this 15t11 day of December . 1999 . and is
<br /> incorporated hto and shall be deemed to art�end and supplement the Mortpage or Deed of Trust, hereinaRer referred to as the "Security
<br /> Instrument", of the same date piven by the undersipned, hereinaRer referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> nerehatter rererred to as tne "Noce", co United Nebraska Bank
<br /> . hereinaft� referred to as the "Lender", of the same date and covering the
<br /> property descr�ed in the Security Instrument and bcated at:
<br /> 4020 W Faidley Ave Grand Island Nebraska 68803
<br /> (Property Addrsss)
<br /> WITNESSErH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property shouid constkute additional security
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Security Instrument shail be amended hereby and deemed to include the folbwing provisions:
<br /> 1. Assianment of Rents and Lender Rental Collection Riohts. BoROwer hereby absolutey and unconditbnaly assipns all rents, issues
<br /> and profits of the property to Benef'aiary. Lender shall have the rieht, pow� and suthority during the continuance of the Securiry Instrument
<br /> to collect the rents, issues end profits of the property and of any personal property bcated thereon with or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borcower's collection and retention of such rents, issues and profits as they
<br /> accrue and become payabie, so bng as Borrower is not, et such time, in defauk with respect to payment of any indebtedness secured
<br /> hereby, or in the perfortnance of any agreement hereunder.
<br /> 2. A000intment of ReceNer. If any event of defauR h 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 ciaiming under Borrower, and without regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shaN have the ripht to appy to any court havhg jurisdiction to eppoint a receiver of the propeRy.
<br /> 3. Rioht to Possessbn. In case of defauR in the peyment of the said principal Note or interest, or any part thereof, as k shall mature,
<br /> or in the case of failure to keep or perform any of the convenants or agreements contained in the Securiry Instrument, then the Lender, ks
<br /> successors or assipns, shalt be and is hereby authorized and empowered to take immediate possession of the said premises therein
<br /> descr�ed 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 Profds. All rents collected by Lender or the receiver shall be applied first to payment of the costs
<br /> ot 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 Securky Instrument. Lender and the receiver shall be lieble to account only
<br /> for tnose rents actualy received.
<br /> 5. Construction of Provisions. Each of the provisans contained in this Assgnment of Rents Rider and the Security Instrument shali,
<br /> unless otherwise specif'icaly required, be construed 'n 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 specificaly modified by or inconsistent wRh thls Assignment of Rents Rider or by any other epplicable
<br /> rider, all of the terms and provisions contained in the Security Instrument shali continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider on the dat first ted above.
<br /> ,
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<br /> Borrow�r T�10m i��
<br /> Borrowsr net S' Hi��
<br /> STATE OF NEBRASKA
<br /> COUNTY OF Hsll � ss:
<br /> On this 15th day of December , 1999 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personaly came Thomas J Flill and Janet S Hill husband and wife
<br /> . to
<br /> be the identical person(s) whose name(s) is/are subscri�ed to the forepoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/hedthek voluntary act and deed.
<br /> Witness my hand and Notarisl Seal at GI'811d ISlend . N braska in said county, the
<br /> date aforesaid. GENERAL NOTARY-State ol Nebnska !
<br /> ��� SHERRI L.O'CALIAGHAN
<br /> My Comm.Exp.Sept.?8,20o a ublic herri ' a agh n
<br /> nny comm�sbr, e��es: September 28. 2003
<br /> FtO815.LMd (8/94)
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