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<br /> AS9IQNMENT OF qBNT�RICER �4�w �Q��z -
<br /> -- � . THIS A861tiNMEN'f OF RENTS R1DER ia made and oxecuted this 25_.._.T�� ,._day of �� ,18��,ertd la
<br /> :```'"'�5 `�'�� tn�Arpot�ted Into And ehall be doematf to amertti and aupp�enzent the Mort�aQd or Oeed ot Truat,hereinafter reterred to as the -
<br /> -=-v.=:��:�� "Seaurity inatrumsnt",of fhe aeme date give�by 4he uncParetgned, here�nafter retened to ae the •�8orrower", to seoere
<br /> _ ===-�s�•�r.` . Barrower'e Indebtadneas,Aereinatter r6;arred to at�the•'Note",to MOM�FEDERAL SAVINti3 AND LAAN A330CIATiO��OF _
<br /> __ `"°'�� aRAND 18LAND,Aerelnaiter teferred ta ae the"�ender",of 1�he eante dste and coverin the praperty deaorlbed In the Sacurity �
<br /> ::��.;;:�.�; • 9
<br /> "'�'�f'-?`--'��":��� lnstrument and toc�ted at:
<br /> ,T;�,�„W,rt...
<br /> :i220 N. NORTH ROAO, GRANO ISLAND NE 68803 �=-=-
<br /> ;r ' _ . _ �'- _-
<br /> .:,.. ,......,-- � - ..
<br /> :j;<:s�.��_:��� (Property Addreas) .-____-
<br /> -_ ..,.'.,"-;X`� WITNESSETH: �—�-
<br /> . '_'•.. • .. 4i
<br /> ' ' � ''� WHEREAS,Borrower and Lendet havo agreed that any rents and profits attrlbutable to the property shoutd ConBtftute __-
<br /> ' addillonal aeourity to the Lender for the payment of the Note; - - —
<br /> ��
<br /> � NOW,YHEtiE�Oii�,it is 8greed that the 3ecurity Instrument shaii ba amended hereby end deemed to fnalude the toltowing �`�-
<br /> � . provisions: �-
<br /> �.�^
<br /> 1. A���ment of Rents and Lendar Re�tal�ollQatian Riahts.Borrower hereby absol�atety and uncondittonalty asslgns ail �„_
<br /> � rents, iesues and proi�ts of tha property to Beneftciary. Lender shail have the �ight, power and authority during the
<br /> � ' coMlnuance of the Securi Instrument to colleot the rents,Issues and rotits ot tho ro ert and of an �-
<br /> . .: :� tY P P P Y Y Personal property —
<br /> _ tocated thereon with or without taking posaession of the property aNected hereby. Lender,h�wever,he�eby consenta to
<br /> • . - Borrawer's aoitactlon and retenNan af suah rents,issues arsd profits ps lhey uccruo and b�scomo payaDle,so long as Borror�er ���---
<br /> is not,at such time,in default with reapect to payment of any Indebtedness secured hereby,or in the peHormance of any �;w�u�-r
<br /> , �•�tY;; ' �greement hereunder. "_�
<br /> ���,t` � �: 2, Q000intment of Reaajv�r.tf any event of default in respect to the Security Inst�ument shatl have occurred and be __ _
<br /> �.s�`, continuing,Lender,as a ma4ter of right and without notice to Bonawer or anyone ciaimi�g under 8orrower. and wittm�t �y"�Y'`. �°--
<br /> ..:•-:,
<br /> regard to the value of the trus!estate or the interest of the Borrower therein,ahatl have the right to eppiy to any court havir.g �•••�•• '�f�';�
<br /> Jurisdiction to appoint a receiver of the property. , — -
<br /> � 3. 8iaht to Possesslon.In case of default in the payment of the said prinoipal iVote or fnterest,or any part thereof,as it i�-
<br /> � shail mature,or f�the case of failure to keep or pertorm any of the covenants or agreements contained in the Security Instru• •'��-'��__
<br /> . ,'a�o••�+��.;
<br /> ment, then the L.encDer,its auocesaors or assigne. shali be and is hereby authorized and empowered to take immedfate �;
<br /> . ' •;i� poasesalon of the satd premisea therein desaribed and to coliect the rents therefrom,and to apply the prxeeds thereot to ttfe ,.':�^���!°
<br /> � z;�;} payment of the Note. . ' ��"����
<br /> ,�_ '�ci�,E'f�����:-_
<br /> ,. ,°_:_ - - "'
<br /> rs, ' ' d. Aoplicatlon of Renta.issues and Profits.All rents coilected by Lender or the receiver shali be appifed first to payment
<br /> !,�• of the costs of management ot the property and coliection of rents,including,bu!not Iimited!o,recelver's fees,premiums on �Y�,�;.�
<br /> � ' ,: '� receiver's bonds and reasonabie attorney's fees,and then to the sums secured by the Security tnatrument.Lender and the ���va�'� -
<br /> ,���. "��� receiver shall be Iiable to account onty tor those rents actuaity received. ���� �
<br /> ..;
<br /> ` !',� 5. Construc�tion of Provisions.Each of the provisions contained In this Assignment of Rents Rider and the Securiry Instru-
<br /> ment shatt, untess otherwise speciffcally required, be construed In accordance wlth Nebraaka lew, and in the event any � ,,, •
<br /> provision hereln or therein contalned shaU be determined by a court of competent Jurfsdlctlon to be unenforceable,the same
<br /> • ahail be construed as though such unenforceable provision were not a part hereof or thereof.
<br /> , 8. Eff�ct of Rider.Except as specificaily modlfied by or inconsistent with this Assignment of Rents Rideror by any other J
<br /> , ap�iicable rlder,all of the terms and provisfons contained in the Securfty Instrument shalt continue in fuil force and effect. ' ' �
<br /> . „ ��sg. ���
<br /> . ���'' :._.
<br /> IN WITNESS WHEREOF,Borrower has executed this Assignment of nts ider on the date first noted above.
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<br /> srant�� . o�.o e � . "
<br /> G,Gt�s ��lPtc� �,.. - �
<br /> I�'IIRIA�I . URGE S B ower 'i:�'� '� �-'
<br /> , �.:,
<br /> STATE OF IdEBRASKA) �
<br /> (8S: i
<br /> ' COUNTY OF HALL ) ;�:,,
<br /> � On this 25TH day of APRIL ,19 94 �fore me the undersi�gned,a Notary Public duiy commissioned and ��,�,
<br /> � quaiified for sald county, personaiiycame STANLE$ D. JUR�`ENSEN AND mIRIAm J. JURGEIlSEN, H[.ISBAND .•"�.:'��
<br /> ,r;� �.4j•• .r.�
<br /> ;,,;f AND WIFE ,to be the identical person(s)whose name(s)IsJare subscribed � , . •
<br /> to the foregoing instrument,and helshelthey acknowiedge the execution thereof to be hislherlthelr voluntary act and deed. �
<br /> :. ,.
<br /> Witness my hand and Notarial Seat at GRAND I SLAND, NEBRASKA � •
<br /> fn s the date af esaid.
<br /> � _ „J').
<br /> �.�
<br /> � � Notary Public
<br /> � My Commisslon expires: � ���'��� _
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<br />. . . -- MF�030P�871 L—_��� ��"��Y�l�j� t .
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