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<br /> ASSIGNMENT OF RENTS RIDER 9~ , 10 1g4,71 0
<br /> ~.17TH , and is
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this day of
<br /> incorporated into and shall be deemed to amend and supplement She Mortgage or Reed of Trust, hareinaf ter referred to as the.
<br /> "'security Instrument", of the same date given by the undersigned, hereinafter referred to as 4,he "Borrower", to secure
<br /> Borrower's indebtedness, hereinafter referred tons the "Note", to HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> GRAND ISa ,.AND, hereinafter referred to as the "Lender", of the ssme date and covering the property described in the Security
<br /> Instrumem and located at:
<br /> 2920 10 NORTH FRONT, GRAND ISLAND, NEBRASKA 66801
<br /> (Property Address)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and preffts attributable to the property should constitute
<br /> additional sacurity to the Lender for the payment of the Note;
<br /> NOVV, `-HERt -7 RF, It Is agreed that the Security Instrument shall be amended hereby and deemed to Include the following
<br /> provisions:
<br /> 1. Ag3l f Borrower hereb,; absolutely and unconditionally assigns all
<br /> C~r~r~nt f R nt n r nt 1~,
<br /> rents, Issues rend profits of the property to Beneficiary. Lender shall have "hF right, power and authority during the
<br /> continuence of ,'ha Security Instrument to collect the rents, Issues and profits rA ^.ie property and of any personal property
<br /> located thereon with or without taking possession of the property affected hereby. Lander, however, hereby consents to
<br /> Borrower's colic ctlon and retention of such rents, Issues and profits as they accrue and become payable, so long as Borrower
<br /> is not, at such time, In default with respect to payment of any indebtedness secured hereby, or in the performance of any
<br /> agreement hereundea.
<br /> 2. alnimqnt R*L . gglver if any event of default in respect 40 the Security Instrument shall have occurred and be
<br /> continuing, Lender, as a matter of right and without notice to Borrower or anyone claiming under Borrower, and without
<br /> regard to the value of the trust estate or the interest of tho Borrower therein, shall have the right to apply to any court having
<br /> jurisdiction to appoint a recelver of the property.
<br /> 3. Ifd g tht 9_Ro_ja%u on~, In case of default In the payment of the said principal Notn or !nterest, or any part thereof, as It
<br /> shall mature, or In the case of failure to keep or perform any of the revenants or agreements contained in the Security instru-
<br /> ment, then the Lender, Its successors or assigns, shalt be and Is hereby authors±e+1 and empowered to take Immediate
<br /> possession of the caid premises therein dascribed and to collect the rent.!,s therefrom, it nd to apply the proceeds thereof to the
<br /> payment of the Mote.
<br /> 4. dgJ_L1gj tlgn of Pants. _I_ssue land Proflt$ All rents collected by Leader or the rc.,elver shall be applied first to payment
<br /> of the costs of management of tha property and collection of rents. Ir.cluding, but not limited to, receiver's foes, premiums on
<br /> recehier's bonds and reasonable attorney's fees, and then to the sums secured by t,,9 Security Instrument. Lender and the
<br /> recalver shall be liable to account only for those rents actually reculvFid.
<br /> 5. onstruction of Provisions. Each of the provisions contained In :h'r. Assignmet ; t,f Rents Rider and the Security Instru-
<br /> ment shall, unless otherwise specifically required, be construed Ir arrordance wi".i Nebraska I.-w, and in the event any
<br /> provision herein or therein contained shall be determined by a col: r:.:)t ^ornpotent Ju!!:0lct1on to be unenforceable, the same
<br /> shall be construed as though such unenforceable provision werv nog P. part hereof o, thereof.
<br /> 8. iiffft t of bider. Except as specifically modlfled by or In+:Iir.hiatent with thl!s As.slgnment of Rents Rider or by any other
<br /> applicable rider, all of the terms and provisions contalnrr9 in t1kc Security Instrument :shall continue In full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this .Assl;:rer:ent of Rents Rider on the date first noted above.
<br /> ,..::OI L BALDWIf\Sprrovw~r
<br /> n . nal
<br /> EI..IZ,A!3 T1; l r,LOtaIo" `
<br /> STATE OF NEBRASKA)
<br /> (33:
<br /> COUNTY OF HALL )
<br /> On this 17 " ' day of MAY 19_94 , bef,_,r'e no, the undersigned, a Notary Public duly commissioned and
<br /> qualified for said county, personally came SCOTT L %J,'iL 'IN AND ELIZA3ETH 6ALOitJIN, HIJSEAh!Q ANO
<br /> WIFE to be the identical person(s) whose name(s) is/are subscribed
<br /> to the foregoing Instrument, and helshelthey aclrrmwle,:r:s thrt execution thereof to be his/herltheir voluntary act and deed.
<br /> Witness my hand and Notarial Seal at _ (;RAND I5I__?1ND, NEBRASKA
<br /> In wale c unty, the date aforesaid.
<br /> &ENEAAt,.1gTlUtY-Stay al 77t#
<br /> CHfitS
<br /> onftEL Dr_~INotary !:abtic
<br /> l
<br /> My Comrr:ission expires:
<br /> IiF !0?~ (7192)
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