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<br /> /ifilONM�NT Of IIRNT'S RiDLR
<br /> TMIS A881ONMENT OF RENT8 RIDER N tr�cN�nd�x�outid thl� 25TH �y D� FEBFtUARY ��� 94 __���
<br /> Ineorpont�d ln3o��d sh�ll b�dNm�d to�nd and wppbrn�nt tM Malp�a pNd of Trust,FIK�IM}IN f�fKf�d to o thr
<br /> "S�CUrity I�tttum�nt", of th��m�dab piwn b�r tM und�ntyn�d, h�t�in�lbr rN�rcsd to�� th�"Sorrowu", to s�oun
<br /> 8orrawr's Ind�M�dn�ss,h�►Nn�fl�r nl�r�d to�s tM�'�NoN",to HOINE FEDERAL 8AVINaS AND I.tlAN A880CIATION OI�
<br /> — GRAND f8U►ND,h�nlru�ft�r nf�rr�d to ai th�"L�►",of tlf�eartw dat��nd cowrinp th�prop�rty d�sarib�d in th�8iaurity
<br /> In�truir�r►t urd tocabd ar
<br /> - �-�--=�=------� 2728 0'Fl.�NNAGAN,� GRAND ISLAND. NEBRASKN 68803
<br /> tPiop�rtY�►ddrNS)
<br /> WITNE88E7H:
<br /> WHEREAS. Borrow�r and L�nd�r hav�a�rNd that any nnt�and profltt attributabt�to th�prop�rty ahould aonstltut�
<br /> -- �--�— additlonal s�curlty to tM L�nd�r for thw p�yr+nmt of th�Not�;
<br /> � NOW.THHAEFORE,It Is aQrNd th�t tfwSocurity In�trurrNnt shall b��m�nd�d Mr�by and dNm�d to inotud�th�fdlowinp
<br /> provt�lons:
<br /> 1. Aestanment of Rsnts nnd ender Rental Colisntton Rtahte.Borrower hereby ab�olutNy and unconditionally�ssl�ns atl
<br /> nnts, iswss and profitt of ths propsrty to Ben�iicl�ry. L�nder sh�lt h�ve the ripht, power and authority durinp th�
<br /> -- continuance of th�S�curity Instrument to coil�ct th�rtnte,Issuss�nd profits of th�p�operty and ot any psrsonal ptoporty
<br /> '^` looat�d th�rson with or w(thout t�kinp poss�tslon of ths p�operty affect�d heraby.L�nder,howevsr, hsrsby conante to
<br /> Borrower's collrotlon�nd rstention v}euch nnte,iseuss�nd profita aa they accrua and becoma payabla,sa lonp ac Borrowar -
<br /> i�not,at auoh tima,in d�tauit with nsp�ot to paymsnt of any Ind�bt�dna� ssoursd hareby,or in th�performancQ of any
<br /> � apre�ment h�nund�r.
<br /> " � �'����•���^ 2. Ao�ointment ot Reaelver. If any event of defauit in reapect ta the Securlty Instrument ahali havo occurred and be
<br /> " ,� ,,. .c �; .. continuinp�Lendsr,as �matter of ripht�nd without notice to Borrower or wnyone olaiminQ under Borrower,and without
<br /> � ropard to the value of the truat eatate ar the interast ot the Borrower thersin,sha��have tho rl�ht to apply to any court havinp
<br /> '"'��"� ' ' Jurisdiction to�ppolnt a receivsr of ths property.
<br /> ��w.,, ;�.-_., �s �
<br /> �.:.: :;. : ,;,: ; �
<br /> ., ,�;,.�';..,x.,� 3. ��to Paseeeslon.In aaae of def�ult in the payment of the seid prinaipal Note or interest,or any part thereof,aa It
<br /> r < ��°`f`�'��� ahait matur�,or In the aaee of fai�ure to kaep or perform any of the covenante or apreements contalned In the Security Inatru-
<br /> - �`.`:'�'��°„ �' '`,�°� msnt,thsn the Lender, its succeesors or�sslpns, ehall be and is hereby authorized and empowered to take immedfAte
<br /> ' ,`..:;�!'.{�;�� �: posaeasion ot the sald premiass thtnin doscribsd and to collect the re�t4 thereirom,and to apply the proceeda theroof to ths
<br /> �•:�ti•��:`.,a:a�•� paym�nt of the Note. .
<br /> - �.. r„—•----�--...
<br /> � �"� � •� 4. Aouiication of Rents,t�suea and Profits.AII rents cotiected by Lender or the reoeiver shail be epplied tiret to payment
<br /> • � . of the coata of m�napement of the properly and collection of rents,Inciudinp,but�ot Umited to,recelver's fees,premluma on
<br /> recetver'a bonda and reasonabte attotney's fees,and then to the sums secured by the Securfty Instrument. Lender and the
<br /> receiver shall be Ueb�e to account only for those rents actually recelved.
<br /> 6. Construction of Provisions.Each of the provislons contained in thla Aaslgnment of Rents Rider and the Security Instru-
<br /> � • � ment ehatl,untees otherwise speciflcaliy required, be construed in accordanoe with Nebraska law,and in the event any _.
<br /> . ' • ` • : proviaion herefn or thereln contafned ehall be determined by a court of competent jurisdictlon to be unenforceabie,the same -
<br /> sheti be construed as thouyh such unenforceable provision were not a part hereof or thereof.
<br /> ,: ; ' � _ 6. Eftect of Rlder.Except as speclflcaily modiffed by or inconsistentwith this Asstpnment of Rents Rider orby any other
<br /> = ' appiicable rlder,ell of the terms and provlafons contained in the Security�nstrument shali continue in fuil force and etfect. �
<br /> t � _.
<br /> IN WITNESS WHEREO�,Borrower has executed this Assiynment of Rents Rtder on the date irst noted above.
<br /> , � ,. "J"�- � �2-L. �i�' � _.
<br /> , . ROGER L. PHILBE�f`ower
<br /> ; > >., .
<br /> ������ ����.�� �
<br /> _.�.y CHERYL A. PHILE�`,�N1ef !__.
<br /> � STATE OF NEBRASKA)
<br /> tss:
<br /> � " COUNTY OF HALL ) -
<br /> � On thla 25TH day of.EBRURRY ,�9 g4 ,before me,the undersigned,a Notary Pubtic duiy commissfoned and
<br />- ; ' quallfled tor spid county,pereonaliy came ��� R PHi B .K AND GHFRY A. PHT RFf:K� HI ISAANf1 AN� WIFE :
<br /> -- � ,to be the Identica�persoMs)whose name(s)islare subscribed
<br /> ' � to the foreqofnp inatrument,and he/ahe/they acknowledye the execution thereof to be hlslher/thefr votuntary ect and deed.
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<br /> - t Witness my hand and Notarlal Seal at GRANO ISLAND, NEBRA SKA_ _`
<br /> � i i d county,the date afor aid. � _
<br /> - • t'• . ' 1 /�'. f/L � 1
<br /> � �Al ADTM9�d Nikub ��'--
<br /> pEgpRAHLKIM�.E NotaryPublic
<br /> M1t Oom�.Exp.Nov.23.I995
<br /> • -° =� My Commisslon ex . —_
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