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<br /> �=�`�i� ASSIQNAAENT OF�H�iPiYB AID�R --
<br /> ` -� � THI8 A88t�NMENT OF RENTS RIDER!a made and exeouted this?.L._day af mapCH ___.49 94 ,end Ia
<br /> _ � Incorporated in4o a�d shull bedsemsd to amsnd and eupp�ement the Mortpape or Deed of Truat�h0retnafter roferred to as tha
<br /> ---- "8eourity Instrument",of the aams date�Iven by the underelpned� heratnafter rsferred to 8a the"Borrower"�to eeaure
<br /> — � Borrower'e lodebtedneae,hsrofnafter reter�sd to ae the"Note",to MOME FHOERAL BAViNQ8 AND LOAN A880CIATION OF
<br /> ,—_� aRAND�SLANn,Pteretnafter refarred to ae Utd"Ldr�der",of tha sama date a�sd eoverEap th�ptopQrty deacribet!irt the Beo��Ary c_
<br /> — Instrument and 14oated st:
<br /> .;��- 1004 WEST 5TH ST.. GRAND ISLAND NE 88801
<br /> If
<br />. (P�operty Addresa)
<br /> ��� WITNESSETH:
<br /> S , •�� ,� WH�REA8,Bonower and lender have apreed that any �ents and profits att�ibutable to the propeny should aanstitute
<br /> �+ additional aeaurity to the Lender for the payment of the Note;
<br />.__ T�1..:..f i� ..•i7�"Y ____.
<br /> �;;'`������� ""�"f NOW,THEREFORE,It la agreed that tho 8eautlty Instrument ohall be amended hereby and deemed to Ina�ude the tollowinp
<br /> ��s��� �� �+, provisions:
<br /> .n�.�:;;;;�';�,. . ';f;„ "'
<br /> 'r�;��';�. , ::N'� �.,� 1. Aae(aRment of Rants and Lend ►g_Rental coueotion Ria�ts,,8orrower hereby absolutely and unaonditlonalty asalpns att
<br /> - � �'.:�';� � rente, leeuee and protite of the property to 8eneflalary. Lender shall have the �1pht, power and authority during the
<br /> �1 oontinuanee of the 8eourity Inst►ument to cotteot the rente.laeuee and profita ot tha property and ol any pereonat property `
<br /> '�� - ° � � ; '�� tooated thsrson wlth or ulthont taklnp poeeeedion el the property atfeoted heroby.lender, however, hereby coneenta to
<br /> � ° � Borrowar�e oolteotton�nd�etentPon of euoh rente,leeues and proitte ae they aoorue and beoome payabte,eo lonp ae eorrower
<br /> -• „ le eot,at euah time,In defsult wlth reepea!to payment ot any Indebtedness seoured hereDy.or In the performaneo ot any --
<br /> � apreement hereunder.
<br /> ' ' �, B000tntment of Reaaiver. i(any event of deiault In respeot to the 8eourity I�atrument sha�l have 000urred and be =--
<br /> ' oontinulnp, lender,as a matte�of riqht and�vlthout notlae to 8orr4we►or anyone ctalminm under Borrower,end without
<br /> � • � reperd b the vaiue of the truet eatate or the Intereet of tha Borrower therein,shall have the rlpht to appty to ony court havinp --
<br /> jurisdlatlon to appoint a�eoelver of the property. �:°
<br /> " 3. Rlaht to Poeseaelon.�n case of detautt In the payment ot the said prinaipal Note ar interest,or any pert thereot�as it =
<br /> � � ehe�i mature,or in the aase ot fa�ture to keep or perform any of the covenants or agreements contained{n the Seourity Instru• �:'
<br /> meni,then ths lendQr, 4ts euR�e�+ors or asstgna,shall be and Is hereby authorized and empowered to take immedlate -
<br /> — m..-
<br /> . posaesston of the eald premises therein described and to colleat the rents therefrom,and to apply the proceede thereof to the �_
<br /> payment of the Note. • �j��
<br /> 4. �ulfoation of Rants issuea and Profita Att rente colleoted by Lender or the receiver shall be appiled first to payment
<br /> of the costs ot management of the property and col�eatbn of rents,inoluding,but not Ilmited to,recetver's feea,premiums on =�
<br /> �.-�
<br /> � receiver's bonds and reasonable attorney's fees, and then to the suma aecured by the 3ecurlty instrument.Lender and the �__
<br /> ° •� recelve�shatl be Ilable to aacount oniy for those reMs actuaily received.
<br /> n in this Aesi nment ot Rents Rider and the 3eaurfty I n s t r u• �;�;
<br /> S. Construation of P�ovislo_na,Eaah of the provfslons contaf ed g
<br /> ment shall, untess otherwiae speaifioal�y required,be construed In accordance with Nebraska�aw, and in the event any .
<br /> . � provision herein or theref�contained shal�be determinedby a court of competent jurfsdictlon to be unenforceable,the eame
<br /> shall be construed as though such unenforceable provision were not a part hereof or thereof. t
<br /> 8. �}tect of Rider.Except as apecffica��y modifled by or fnconalstent with this Aasignment oi Rents Rlder or by any other
<br /> ' applicabie rider,ai�of the terms and provtsfons contalned in the Security Inatrument shali conttnue i�futl force and effeot.
<br /> �N WITNESS WHEREOF,Borrower has executed this Assi e Fents ld on the te flrst noted above.
<br /> . u _
<br /> RODNEY L: YOU�J , orro ".
<br /> Borrower
<br /> STATE OF NEBRASKA)
<br /> (ss:
<br /> COUNTY OF HALL ) f
<br /> On this ?TH day ot maRCH ��g 94 , before me,the understgned,a Notary Public duly commiasloned and I
<br /> qualfffed for sald county,pereonaliy came �ONEY L. YOUNG. JR.. N SINGLE PERSON �
<br /> . ,to be the identical person(s)whoSe name(s)Islare subscribed I
<br /> to the foregoing instrument,and helshelthey acknowledge the executlon thereot to be htalherltheir voiuntary act and deed. i
<br /> � Wftness my hand and Notarfat Seal at GRAND ISLAND, NEBRASKA __ .
<br /> In sa countX, th d e fore Id. ;
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