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<br /> ASSIGNMENT OF RENTS RIDER 111A4_ 6
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this, 6th _day of December , ig 93 and is
<br /> Incorporated Into and shall be deemed to amend and supplement the Mortgage or heed of Trust, hereinafter referred to as the
<br /> "Security Instrument", of the same data given by the undersigrwxf, 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 "Lander", of the same date and covering the property described In the Security
<br /> instrument and located at:
<br /> 117 Voss Rd Grar:,j Island, Nebraska 681101
<br /> (Property Address)
<br /> W ITN ESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profhs attributable to the property should constitutes •
<br /> additional security to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, it is agreed that the Security Instrument shalt be amended hereby and deemed to Include the following
<br /> provisions:
<br /> 1. & i am f R nt n Colleglign Rights, Borrower hereby absolutely and unconditionally assigns all
<br /> rents, Issues and profits of the property to Beneflclary, Lender shall have the right, power 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 /> agreement hereunder.
<br /> 2. AJ 12Qintment, of A ceiv r If any event of default in respect to the Security Instrument shall have occurred and be
<br /> continuing, 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. Eight t P I n In case of default In the payment of the said principal Note or Interest, or any part thereof, as it
<br /> shall mature, or in the case of failure to keep or 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 of 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 /> receiver's bonds and reasonable attorney's fees, and then to the sums secured by the Security Instrument. Lender and the
<br /> receiver shall be liable 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 (accordance with Nebraska law, and in the event any
<br /> provision herein or therein contained shall be determined by a court of competent jurisdiction to be unenforceable, the same
<br /> shall be construed as though such unenforceable provision were not a part hereof or thereof.
<br /> 6. f~Ct of Rider. E=xcept as specifically modified by or Inconsistent with this Assignment of Rents Alder or by any other
<br /> applicable ridor, all of the terms and provisions contained In the Security Instrument shall continue In full force and effect.
<br /> IN WITNESS WHEREOF, Borrower hae executed this Assignment of R is R er on date first noted above.
<br /> o er u fi er+
<br /> - 1 ~hrn e E? upprl3 er
<br /> STATE OF NEBRASKA)
<br /> (ss:
<br /> COUNTY OF HALL. )
<br /> On this 6th_ day of December 19-33 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qualified for said county, personally came ^ h
<br /> to be the Identical person(s) whose name(s) Ware subscribed
<br /> to the foregoing Instrument, and helshelthey acknowledge the execution thereof to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notarial Seal at Grand Island, Nebraska
<br /> In said unt w ea
<br /> s id.
<br /> ~A Notary Public
<br /> My Commission expi
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<br /> HF 40]0(192)
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