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J��N� t -- "- -- . .'"-_
<br /> _� _ . .�- ....� 94-ioi2i.4
<br /> AMIONMEMT OF R�lTi III�ER
<br /> THIS A881t3N MENT OF RENTS RIDER Is m�d�and�x�aut�d thls 2� day of FEBRUARY ,�y 94 ,�nd is
<br /> .Ineapaabd into�nd�hall br d�md to a�nd an�suppNnwnt tl►�Mortpap�or D«d oi Trust,h�ninaftK nbrnd to u tIN
<br /> "8�oudty In�trunNnt",of th�wnM dat� yiwn by tM und�nipn�d, h�ninwft�r niornd to as th�"Barorwr",to s�oun
<br /> � �rpww�Ind�bt�dnM�,h�nin�fte nhrnd to u tM�'Not�"�to HOME FEDERAL 8!►VINQS AND LOAN ASSOCIATION OF
<br /> �ORAND 18LAND,Mr�inafta nf�rnd to u tfN"Und�r"�ot ttN sam�dat�and cov��i�p th�peop�rty d�sorib�d In th�S�curity
<br /> Inatrun�t and locstsd at:
<br /> �
<br /> —"— - 934 E. 5UNSET. GRRNO ISLANO. AIEBFtASKA 68 1 --"
<br /> ._ (P�q»►ty Addrasl
<br /> WlTNEB$ETH:
<br /> WHEREAS,Borrow�r and L�nd�r haw �prwd that any r�nts and profits attributabl�to th� prope�ty should con�titut�
<br /> additional Mau rity ta th�L�nd�r for th�piym�nt of!h�Not�;
<br /> NOW,THEREFORE,it is a�rMd that tha S�curity I�strum�nt shalt b��m�nd�d h�nby�nd dNm�d to inalud�tM foliowinp �v
<br /> provisions:
<br /> 1. Aaslanment of Renta tnd�ander Rentat Col�eotion Riahts.BotroWer Mreby abeolutsly and unCOndition�lly�ssipns all
<br /> rents. Issu�� �nd p�oilts ot ths prop�rty to Bensficlary. Lender shail have the ripht, powsr and authority durinp the
<br /> -�..,,' continuancs of ttN S�ourity Initrument to collsat the r�nts,issues and profits of the property and of any person�l propsrty
<br /> M loc�t�d th�rson with or without takinp pasesslon ot ths property aftect�d hereby.Lender,howeve�,hereby conaents to
<br /> '� Borrower's cdieotlon�nd ratentlon ot auc h rent�,Ususs and profita aa they acorue and become payable,so tonp ae Borrowsr --
<br /> It not,at such tlms. In dsfault with r��peat to p�ym�nt of any indebtedne�s s�cured hanby,or In the perto�manc�e of any
<br /> : aprNment hereund��. --_
<br /> . 2. Aopointment ot Receiver. If�ny event of defauit in rsapect to the Securlty Instrument shali have occurred and be --
<br /> continuin�,Lsnder, �a a matt�r of ripht and without notice to Bor�ower or anyone claiminp under Borrower, and without
<br /> �t, �pard to the value ot th�trust�stats or the intenat�f tho Borrower therein,sh�l�have ths�fyht to apply to any oourt havfnp
<br /> � • �� Jurl�diatlon to appolnt a r�asiver ot the p�op��ty.
<br /> n , �,,�..- p y part thereof,as it
<br /> � � ,�1, 3. Rlaht to Poaaeasion.ln case of default in the pnyment of the soid princi al Note or intereat,or an
<br /> .�a,.^���:7,;�.i,:�� ahal!matun,cr in the oase oi fallure to ke�p or perform any of the covenants or a�reementa contained In tho Security Inatru•
<br /> �j, r��;•;�� -r msnt,then the Lender, Ite succeseora o�aseipns, shall be and Is hereby authoNzed and empowered to toke Immediate _--
<br /> = n � posse�sion of the atid pramip�th�rei�deeoribed and to coitect the rents the�etrom,and to appiy ths p�oceads t h�reot to the
<br /> �;,�
<br /> . = ... , , p�yr+t�ni oi ihs tiois. . ��.
<br /> .a�:•�!.�.:�`�:.'��;�• � 4, s��n�at��n 9f Renta Isaues and Proftts.Ail rents coliected by Lender or the�eceiver shall be apptied flrat to payment
<br /> ,,N.��s,.,,::, �. ..,a::�
<br /> , of the costs ot manA�ement of ihe property and co�lectio�of rents,inctudinp. but not Umited to,recefver's feea,premlums on t�r.
<br /> ' receivePa bonds and raasonable attomey'a fees,and then to the sums secured by the SecuNty Inatrument.Le�der and the ��r
<br /> . " ' rscNver shati be Ii�bls to�ccount only for those rents actually received. �-�
<br /> 5. Q4�etruction ot Provlslons.Each of tbe provisions contalned in this Assiqnment of Renta Rlder and theSecurity Instru• �
<br /> • ment ehall,unteas otherwise apecificaliy requtred, be construed In accordance with Nebraeka Iaw. end in the event any P"�
<br /> �� provialon herein or thereln contalned ah411 be determined by a court of competent Jurisdiction to be unenforceable,the aeme �
<br /> � � ahatl be conetrued aa thouph auch unenforceable provlsion were not a part hereof or thereof.
<br /> aw+r?�•�. -::. .. r�:,c.'
<br /> ,�,,; 6. Effect ot Hlde�.Except as specificaily modified by ar inconsistent with thls Assipnment of Ronts Ridor or by any other ed:�
<br /> �'r, *�x�� ` � applicable ride�,alt of the terms nnd provlaions contalned i�the Security instrument shali continue i�futl torce and effect. ' �
<br /> � �..:
<br /> - IN WITNESS WHEREOF,Borrower has executed thfs Asst nment of Rents Rfdq �o the date first�oted above. �-.-.
<br /> : •.1• • �� ,�.-� �'(�--�r.��=�-- �?--
<br />= j �1IC L W. REA Borrower �=_
<br /> ��•=
<br /> � � �2G`�� � /�='� --- �'}
<br /> - DIGKI L. REA �orrower :
<br /> �;:.
<br /> �
<br /> j STATE OF NEBRASKA) �
<br /> � (ss: �?'�}
<br /> •` �.%� COUNTY OF tiAll )
<br /> .k��
<br /> i� ' On this ZN� day of JANUARY 1994 ,before me,the undersiqned,a Notary Pubita duly comm isstoned and �,,;,.
<br />- � ; quailtled tor said county,personally came mIGHAEL W REA AND DICK I L REA. HUSBAND AND WIFE
<br /> =?- . � � ,to be the Identical person(s)whose name(s)Islare subscribed
<br />-�� �, to the foreq0i��inatrument,and helahathey acknowled9e the execution thereof to be hislhedtheir voluntary act and deed.
<br /> � •
<br /> :+ � Witneaamy hand and Notarlal Seal at GRANO ISIAND, NEBRASKA ;
<br /> � ! in said county,the date aforesa�td.
<br /> � � C',�v� a . k�_
<br /> _� � x �t��w��rw
<br /> a�L��� Nofary Public
<br /> _. . .. ._ wa.�a,�s�tiw �j��. 2 �7 � � Y c� �
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