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<br /> ,��, ASSItiNM�NT OF R8NT8 R108R ,
<br /> - �'� THIS ASSiQNMENT OF RENYB RIDER io made and oxenutod thie 21 St day ot�h 19 9�
<br /> � ,nnd Ia �:::-___-
<br /> • Incorporated IntA an6 eheil da deemed to amend and suppiement the Mongape or Daed of T�ust,herelr�aftor referred to as the
<br /> — "8eoudty Instrument".of !he eame datA given by the underelpned, herotne}ter roterrod to as the "�orrower", to aeoure
<br /> � Borrower's indebtednasa,heroinetter roterred to ae the°Note",to HOME FEDEFiAL 8AVINaB AND LOAN A880CIAT�ON OF
<br /> ' aRANQ 18LAND,heralnatter reterred to as the"Lender"�of the asme date and covering the property desaribed In the Seou�ity __
<br /> inetrument end loeated et:
<br /> .: �x ..t,:. --
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<br /> � �� '�,,,�05 A1 Nozth_Boarl�. Grarri Islar�d�„fTebraslcA 68803
<br /> (Proporty Addreas)
<br /> - ; ;_Y,;�,,v'*;:�:! WITNESSEYH: '°'__
<br /> . . ;. �:.�:�;:, .-.'�`; �`.__
<br /> .;�:�s±._ _ � . :r WWEREA8,Borrower and Lender have agreed that eny rents and protits attributabie to the property should aonstitute ' _
<br /> �':��?��:.;.�°':�:.'�•.;. .`. additional seaurity to tt�e Lender for the payment of the Note; �_��'_"T--�
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<br /> `�•���."''" NOW,THEREFORE, tt is agreed that the Seourity Instrument sha�l be amended hereby and deemed to inalude the tollowing "=��=
<br /> ��-,-,:�-
<br />�/ � ., , provislona: --:�-. o.
<br /> c..r��-=--
<br /> � ;t' � „ 1. Asatanment of Rents and LQndor Rental Colleotion RlQhta.Borrower hereby absolutely and uncondltional�y asaigns ai) . ;�;�-
<br /> 'R, ,. . reMs. isauea and profits of the property to Benefialary. Lender ahatt have the right, power and suthority duNng the �.�.^.-�-
<br /> �. � ' �
<br /> � continuanae of the Seaurity instrument to cotleat the rent�,ieaues and p�otlts ot the property and of any peraonal p�operty �'•:�`�a��:
<br /> �•�� - •----------- loceipd th�t�er.Wlth c�r W�thCNl�!C!k��1fa �1flAfipggiflff A} ?hA�1lA(IAft�/ANACtAd�16f8b�f. L8fltI8f. I10W8V@�,hereby eonsents to ` �"`���
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<br /> r 6orrower's co��eation and retention ot such rents,issues and profits as they acc rue a�d become payabte,so tong as Borrower �� ',ti" -�' _
<br /> � �' . Is not,at such time,in defauit with respect to payment ot any indebtedneas seaured he�eby.or f n the pertormance of any � " _
<br /> agreement hereunder. , y_
<br /> •- . 2. Aonolntment of Receiver.If uny event of detautt In reapect to the 3eaurlty Instrument shall have ocourred and be •
<br /> ` " �� continuing, Lender,as a matter of right and without notice to Borrower ara�yone clalming under Borrower,and without • '-_-
<br /> repard to the va►ue o}the trust eatate or the Interest ot the Borrower therei n,sAall have the rlght to appty to any court having �
<br /> - jurlsdiation to eppolnt a recelver of the prope►ty. --
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<br /> 3. �ht to Possesslon In case of defauit in the payment of the sald princf pal Note or interest,or any part thereof,as it , ;_ _
<br /> shail mature,or in the case of failure to keep or peAorm any ot the covena�tao�agreements contalned in tne Security Instru• `�?�'f'" -
<br /> �� �� ment. then the Lende�,its succesaors or asaigns. shatl be and is hereby authorized and empowered to take immedlate ' '
<br /> possesalon of the said premises therein described and to cotlect the rents therefrom,and to apply the proceeds thereof to the � �
<br />-- --. _- payment of the i3ote. : ` �
<br /> b. ePnlication ot Rents issues and Profita.A�I rents coilected by Lenderor the recelver shall be applled flrst to payment � � �
<br /> � of the costs ot manegement of the property and coitectfon of rents,tncluding,but not Ifmited to,recelver's tees,prem�uma on ,�
<br /> �� ` ' reaeiver's bonds and reasonable attomey's fees,and then to the aums secured by tNe Security I�strument.Lender and the �
<br /> • receiver shall be Ilabie to acaount only for those rents actualiy recelved.
<br /> �s '.
<br /> " �� ' 8. Conatruction ot Provislons.Each ot the provlsions contalned ln this Aaelgnment of Rents Rider and the Security instru• ' '. ?�
<br /> ment shal�, uniese otherwise specificatly requfred� be construed in accordence with Nebrasks law. and in the event any . '. •�
<br /> ' " provision herefn or the�ein contained shali be determined by a court of competent jurisdiction to be unentorceable,the same
<br /> „ shai� be construed as though such unenforceab�e provision were not a part hereof or thereof. �`': '
<br /> ' 8. �fect of Rlder. Except as apeciffca�ly modiffed by or Inconsistent with thia Assignment of Rents Rlder or by any other I � � .
<br /> , „ appliceble rider,all of the terms and provisfona contained in the Security Instrument shali continue fn full force and etfect. . ,Y.�� ��'
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<br /> � � IN WITNESS WHEREOF,Borrower has executed this Assignment of Rents Rlder on the date ff�st �oted above. ��1� �
<br /> ., �, �=�� -----�- ; .. �;
<br /> BOb R. Nagel orrower ! ?��
<br /> 1 � ) � � �
<br /> � A�? t � ; .,.,;�'.
<br /> I(azen L. Naqel rro er { -°
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<br /> STATE OF NEBRASKA) !
<br /> � �ss:
<br /> � COUNTY OF HALL � ' '
<br /> 0�this ��_day of �r�h ,18�_,before me,the underslg ned,a Notary Public duty commissfoned and �,
<br /> qualtfied for safd oounty,personalty came �b R. Nagel and Kazen L. Nacxel .(Husband and Wife) •
<br /> ± ,to be the Identfcat person(s)whose name(s)falare subscribed .
<br /> to the foregoing instrument,and helshefthey acknowiedge the execution thereof to be hfslherltheir vo�untary act and deed.
<br /> Witneas my hand and Notarial Seai at Grand Island, Nebraska .
<br /> � � tn ai county,the atejn'f'or�p- aid. :`
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<br /> - � GuEWU NOta�,r•S,�,,a,c,e��a�t� A�y Pub�fc ''
<br /> � I�Iv!`.nmmlaainn aYhira � ��14v�m t�0�. .
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<br /> � MF i030IIIDIII
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