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<br />
<br />93- :1.1.0891.
<br />
<br />ASSIGNI't'lENT OF RENTS RIDER
<br />17TH DECEMBER 93
<br />THIS ASSIGNMENT OF RENTS RIDER Is mads alnd executed this day of _,19, and Is
<br />Incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter referred to as the
<br />"Security Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure
<br />Borrower's Indebtedness, hereinafter referred to as the "Note", to HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, hereinafter referred to as the "Lender", of the same date and covering the prooerty described in the Security
<br />Instrument and located at:
<br />
<br />810 E. DELAWARE, GRAND ISLAND, NEBRASKA 68801
<br />
<br />WITNESSETH:
<br />
<br />(Property Address)
<br />
<br />WHEREAS, Borrower and Lender halle agreed that any rents and profits attrlbute.ble to the property should constitute
<br />additional security to the Lender tor the payment of the Note;
<br />
<br />NOW, THEREFORE, It Is agreed that the Security Instrument shall be amended hereby and deemed to Include the following
<br />provIsIons:
<br />
<br />1. Asslanment of Rents and Lender Rental Colle~on Rlehts. Borrower hereby absolutely and unconditionally assigns all
<br />rents, Issues and profits of the property to Beneficiary. Lender shall have th,a rIght, powar and authority during the
<br />continuance of the Security Instrument to collect the rents, Issues and profits of the property and of any personal property
<br />located thereon with or without taking possession of the property affected hereby. Lender, however, hereby consents to
<br />Borrower's collection and retention of such rents, Issues and profits as they accrue and become payable, so long as Borrower
<br />Is not, at such time, In default with respect to payment of any Indebtedness secured hereby, or In the performance of any
<br />agfooment hereunder.
<br />2. ~Intment of Receiver. If any event of default in respect to the Security Instrument shall have occurred and be
<br />ccntlnulng, Lender, as a matter of right and without notice to Borrower or anyone claiming under Borrower, and without
<br />regard to the value of the trust estate or the Interest of the Borrower therein, shall have the right to apply to any court having
<br />juriSdiction to appoint a receiver of the property.
<br />3. Rloht to Possession, In case of default In the payrr,ent of the said principal Note or :nterest, or any part thereof, as It
<br />shall mature, or In the case of faHure to keep Of perform any of the covenants or agreements contained In the Security Instru.
<br />ment, then the Lender, its successors or assigns, shall be and Is hereby authorized and empowered to take Immediate
<br />possession uf the said premises therein described and to collect the rents therefrom, and. to apply the proceeds thereof to the
<br />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
<br />of the costs of management of the property and collection of rents, Including, but not limited to, receiver's fees, premiums on
<br />rece!ver's bonds and reasonable attorney's fees, and then to the sums secured by the Security Instrument. Lender and the
<br />receiver shall be lip..ble to account only for those rents actually received.
<br />5. Construction of Provisions. Each of the provisions contained In this Assignment of Rents Rider and the Security Instru-
<br />ment shall, unless otherwise specifically required, be construed In accordanca with Nebraska law, and in the event any
<br />provision herein or therein contained shall be determined by a court of competent jurledlctlon to be unenforceable, the same
<br />shall be construed as though such unenforceable provision were not a part hereof or thereof.
<br />6. Effe,ct of Rider. Except as specifically modified by or Inconsistent with this Asslgnmont of Ronts Rider or by any other
<br />applicab'~ rider, all of the terms and provisions contained In the Security Instrument shall continue In full force and effect.
<br />
<br />
<br />STATE OF NEBRASKA)
<br />(55:
<br />COUNTY OF HALL )
<br />
<br />On this 17TH day of DECEf'rlBER
<br />qualified for said county, personally came
<br />KHANTnAVIXAY, A SINGLE PERSON
<br />
<br />, 19~, before m71 the underslgnedl a Notary Public duly cQmmlssloned and
<br />VIENGXAY KHANTHAVIXAY, A SII~GLE PERSON AND VANHSY
<br />
<br />, to be the Identical person(s) whose name(s) Is/are subscribed
<br />to the foregoing Instrument, and he/she/they acknowledge the execution thereof to be his/her/their voluntary act and deed.
<br />
<br />Witness my hand and Notarial Seal at
<br />
<br />GRAND
<br />
<br />
<br />
<br />HF ~O:JO (7192)
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