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IS.
<br />ASSIGNMENT OF RENTS AIDER f��• 111'L 7
<br />THIS ASSIGNMENT OF RENTS RIDER is made and executed this day of ,1g� �.:. 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 />r '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 tows the "Lender", of the same date and covering the property described in the Security
<br />Instrument and loca'ad at:
<br />207 EAST WEDGEWOOD DR. G.T. :NEBRASKA 68801
<br />113 IJEDGEWOOD DR GRAND ISLAND, NEBRASKA
<br />WITtdESSETH: (Property Address)
<br />WHE=REAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute
<br />additional security 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 following
<br />provisions:
<br />1. Asslcnm nt of R nt n n r Borrowter hereby absolutely and unconditionally assigns all
<br />rents, issues and profits of the property to Beneficiary. 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 an
<br />located thereon with or without taking y personal property
<br />Borrower's collection and retention of such rents, l Issues and profits asfthey accrue and Lbecome payable, so long as Borrower
<br />Is not, at such time, In default with respRc:t to payment of any indebtedness secured hereby, or In the performance of any
<br />agreement hereunder,
<br />2. Appointment of Receiver. If any event of default In respect to the Security Instrument shall have occurred and be
<br />a matt er of right and without n otic
<br />cantinuing, Lender, as e 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. ftb_ttP_2QaaQu.1on 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. A Ilcation of Rents Issues and Profit . All rents collected by Lender or the receiver shall be applied first to payment
<br />of the costs of managament of the property and collection of rents, including, but not IlmitRd 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 iae 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. ffect of Rider. Except as specifically modified by or inconsistent with this Assignment of Rents Rider or by any other
<br />applicable rider, all of the terms and provisions contained In the Security Instrument shall continue In full force and effwet
<br />IN WITNESS WHEREOF, Borrower has executed this Assi nm nt of Rents id r ofi th to first noted above
<br />13006EL WTLLII ower ,
<br />GE.RALYN WILLI4Srrower
<br />STATE OF NEBRASKA)
<br />(ss:
<br />COUNTY OF HALL )
<br />On this __ -TH— day of _,E'_.�(.'-
<br />qualified for sold county, (�F.r (, ;T!a{E - i9 93 , before me, the undersigned, a Notary Public duly rommiasione�i and
<br />y came -----RODGER R I MITI I Tnmq nntn rronI 1.1r, , r......
<br />to the foregoing Instruma;.t, an'-
<br />nd to
<br />acknowledge the execution thereof to be his /her/theirr voluntary act and deed.
<br />Witness my hand and Notarial Seal at GRAND ISLAND, IVP 9RASKA
<br />MY Commission
<br />HP 400 (7/92j
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