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� ASSIGNMENT OF RENTS RIDER 9 9 112 0 6 8
<br /> THIS ASSIGNMENT OF RENTS RIDER is made a�d exeCUted this 17 day of December . 1999 • and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed ot Trust, hereinaRer referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> hereinafter reterred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to es the "Lender", of the same date and coverhg the
<br /> property described in the Securky Instrument and located at:
<br /> 1911 N SHERIDAN GRAND ISLAND NEBRASKA 68803
<br /> (Prop�rty Addr�ss)
<br /> WITNESSEfH:
<br /> WHEREAS, Borrower and Lender have agreed thet any rents and profRs attributable to the property should constkute addkbnal aecurity
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Securiry Instrument sheil be amended hereby and deemed to include the folbwing provisions:
<br /> 1. Assionment of Rents and Lender Rental Collection Riahts. Borrower hereby absolutey and uncondRbnaly assigns all renta, issues
<br /> and profits of the property to Beneficiary. Lender shall have the ripht, power and authoriry du�ing the continuance of the Security Instrument
<br /> to collect the rents, issues and profits of the property and of any personai property located thereon with or without taking possession of the
<br /> property aifected hereby. Lender, however, hereby consents to Borrowers collection and retention of such rents, issues and proHts as they
<br /> accrue and become payable, so bng 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. A�oofntment of Receiver. If any event of defauk in respect to the Security Instrument shatl have occurred end be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone clfliming under Borrower, and wkhout regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shall have the ripht to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Riaht to Possession. In case of defauit in the payment of the said principal Note or interest, or any part thereof, as R 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, shaN be and is hereby authorized and empowered to teice immediete possessbn of the said premfses therein
<br /> described and to collect the rents therefrom, and to eppy the prxeeds thereof to the payment of the Note.
<br /> 4. A��lication of Rents. Issues and Profits. Ali 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 Securiry Instrument. Lender and the receiver shail be Ifable to account ony
<br /> for those rents actualy 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 lew, and in the event any provisbn herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be un�forceable, the same shall be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specif'�caly mod'rfied by or inconsistent wfth this Assignment of Rents Rider or by any other applicabie
<br /> rider, all of the terms and provisbns contained in the Security Instrurr►ent shali continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has eocecuted this Assignment of Rents Rider on the date first n ted above.
<br /> /
<br /> B�« U T O DAN
<br /> � � �' ���
<br /> eorrower ERIN E JOR
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL �
<br /> On this 17th day of December , 1999 , before me, the underspned, a Notary Public duy commissbned and
<br /> qual'rfied for said county, personaly came RUSSELL T JORDAN AND ERIN E JORDAN , HUSBAND AND WIFE.
<br /> , to
<br /> be the identical person(s) whose name(s) is/are subscrbed to the foregoing instrument, and he/she/they acknowledge the e�cecution thereof
<br /> to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notariel Seal at GRA AND NEBRASKA h said county, the
<br /> date aforesaid.
<br /> /i G,F �'`
<br /> yF�9 - _
<br /> l
<br /> �y����yol9 ry Pub yy���AM L. McLELLAN
<br /> �/9'�i9�J'j
<br /> My Commission expires: AUGUST 12 2000 �F�� d�`°oi,y
<br /> G� ��l P6�d
<br /> !?���s,�d
<br /> ��O
<br /> F10815.LM0 (8/B4)
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