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<br /> ASSIGNMENT OF RENTS RIDER
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 17TH day of MAY 19 94. and is
<br /> Incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter referred to as the
<br /> "Security Instrument". of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure
<br /> Borrower's Indebtedness, hereinafter referred to as the "Note", to HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> GRAND ISLAND, hereinafter referred to as the "Lender", of the same date and covering the property describer! In the Security
<br /> Instrument and located at:
<br /> 818 iii ANNA GRAND ISLAND, NEBRASKA. 68801-6716
<br /> (Property Address)
<br /> WIT; 3ESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute
<br /> additional security to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, it is agreed that the Security instrument shall be amender hereby and deemed to include the following
<br /> ;provisions:
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<br /> 1. Aj~lgnmqnt of F nt n n r nt f I! f: Borrower hereby absolutely and unconditionally assigns all
<br /> rents, issues and profits of the property to Beneficiary, Lender shall have the right, power and authority during the
<br /> continuance of the Security instrdment to collect the rents, iasuos and profits of the property and of shy personal property.
<br /> located thereon with or without taking possession of the property affected hereby. Lender, however, hereby consents to
<br /> Borrower's collection 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 hereunder,
<br /> pnolntment of F celver. If any event of default in respect tc f113 Security Instrument shall have occurred and be
<br /> continuing. Lender, as a matter of right and without notice to Borrox3r or anyone claiming under Borrower, and without
<br /> regard to the va!ue of the trust estate or the interest of the Borrower therein, shall have the right to apply to any court having
<br /> jurisdiction to appoint a receiver of the Property.
<br /> 3. Right to Possgsslon, in case of default in the payment of the said principal Note or Interest, or any part thereof, as it
<br /> shall mature, or In the case of failure to Keep or perform any of the covenants or agreements contained In the Security Instru-
<br /> ment, then the Lender, its successors or assigns, shall be and is hereby authorized and empowered to take immediate
<br /> possession of the scald premises therein described and to collect the rents therefrom, and to apply the proceeds thereof to the
<br /> payment of the Note.
<br /> 4. Application of Rents Issues and Profits. All rents collected by Lena it or the r3c6lver shall be applied first to payment
<br /> of the costs of management of the property and collection of rents, including, but not limited to, receiver's fees, premiums on
<br /> receiver's bonds and reasonable attorney's fees, and then to the sums secured by the Security Instrument. Lender and the
<br /> receiver shah be liable to account only for those rents actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Security Instru-
<br /> ment shalt, unless otherwise specifically required, be construed In accordance with Nebraska law, and in the event any
<br /> provision herein or therein contained shall be determined by a court of competent jurisdiction to be unenforceable, the same
<br /> shall be construed as though such unenforceable provision were not a part hereof or thereof.
<br /> 6. LffgSt of Rider. Except as specifically rnod!fled by or inconsistent with this Assignment of Rents Rider or by any other
<br /> applicable rider, all of the terms and provis•lons contained in the Security Instrument shall continue In full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assi ant of Ren on t date •lrat noted above.
<br /> J LD P PANKOHFDrrows
<br /> CHERYL A ANKOleErrower
<br /> STATE OF NEBRASKA)
<br /> (ss:
<br /> COUNTY OF HALL )
<br /> On this 17TEJ day of Y , 19C-, before me, the undersigned, a Notary ''ublic :..Iy, , -,rnmis~,!oned and
<br /> qualified for said county, personally came 3ERALU P PANKOKE AND CHERYL A PANKjKF,__ _
<br /> HUSBAND AND WIFE , to be the identical perc;ris) whose name(s) ls/are subscribed
<br /> to the foregoing instrument, and heishelthey acknowledge the execution thereof to be I:islherNheir ucluntarl act and deed.
<br /> Witness env hand and Notarial Seal at GRAND ISLAND, NEBRASKA 6880"
<br /> In said c unty, the date aforesaid. /
<br /> f~1e d fib _ Z;?,
<br /> t L Ki16M Notary Public
<br /> ll~l' Om m EYpL Dr- 29, 19%
<br /> My Commission expires:
<br /> HF 4M (11922)
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