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<br />� _ _i�...�i�_�_ _. .. . . .... . . .. ........ .. .'"" "_ ""_. ....." y
<br /> YIM►+a��—'—_�"'-..n.�..J"".._._....�...._'_' '_"' ". _ .�... . - ,.
<br /> . • ' ' AJJIQNP.9EP�Y OF 6���d�i��7iDLR '�4� ��.���:�. .
<br /> "� YHIS ASSIQNMEIVY qF R�NTS►11DER ie mado nnd o��ocutod thin_._1�.Itl—doy of.���'�,r1A�B__,19_9�___,nnd lo • �
<br /> Incoipor�tod Into and nhall bn davmod to nmond and supplomont tho Morttiaflo or poed o}Trust,liorolnaltor rc�forrod ta as Iho t;�;
<br /> "SecurlEy InelrumenY', 01 the same dete plvon by the undorolAnod, horolnaftor roterred to as fh� "Bormv�or", tn aocuro ,.-
<br /> Borrawor'a Indobtadnoao,herolnaflor roforrod to as the"Noto",to HQME FFD�RAI.SAVINaS AND LOAPJ ASSOCIATION QF � _.
<br /> ' ORAND ISL�INQ,horolnuftor reterrod to ao tho"Londer",of tha eomo clnto and covorin{�tho proporty doscrlbed In the Seeurl4y
<br /> ' Inotrumont and Incntod AI: "'R'
<br /> _��-
<br /> �_ 2721 S. BLAINE, GRAND ISLAND IVE 68601 ^ f " , �__
<br /> IPropsrty Addro3�f t� .. �""
<br /> WITNE5SETH: l;. "°'"
<br /> .a
<br /> rt=.
<br /> ' WHEREAS, Borrower and Lender heve a{�reed that any renls and proflts attrlbutAble to the proporty should constituta ..
<br /> addltlonal security to the Lender for the peyment of the Noto; '�,,�_
<br /> i •_-
<br /> � NOW,THEREFORE,It Is agreed that the Securlty Instrument shau ba amendod horeby and deemed to Incl�do thA following • ; � •rc=
<br /> ...
<br /> provlsions: ...�.�: :; _.
<br /> : ,�...,..,:x�� '��.P:
<br /> 1. 8.g nment Qf Rents and 1 ender Rental CoJLec�lon 6ilahts.Borrower hereby absoluteiy and uncondltlonally asaigns all ;`��:r,������+
<br /> .��,���. ..�• �—
<br /> rents, issuos and proftts of the prope�ty to �eneficlary. Lendor shall have the right, power and authorlty during the ...+..�.__,;;��:
<br /> contlnuance of the Securlty Instrument to collect the rents, issues and proflts of the property and of any person�l property � , ,,, �_
<br /> � Ioca4ca 4hareon with or wlthout taking possesslon of the property aftected hereby. Londer, however, hereby consenta to '::"'_-'�� ,
<br /> Borrower's collectlon and retentlon oi such ronts,Issues and proflte as they accrue and become payeble,so long as Borrowar ,, j��:�_'=�-'=-�--
<br /> • Is not, at such 4ime, In default wflh respecl to payr��ent of ar�y indebtedness secured horoby,or in the performance of any ---,_ _--
<br /> ayroaii�ent nereunder. '`'"�
<br /> 2, ePpolntment of Receiver. If any event ot default in respect to the Securlty Instrumont shall have occurred and be -'� �'��==>----_
<br /> contlnuing, Lender, as a matter ot right and without notice to Borrower or anyone clalming under Borrower,and without , :�ia�C�*�.o.?=�-'
<br /> regard to the value ot the trust estate or tho Intorest of the Borrower therein,shall havo the rlght to apply to any court having ��^-�
<br /> •�i�_�;�---
<br /> Jurlsdlction to appoint a receiver of the property. . ::°=v�-""`��
<br /> 3. Rlaht to Possession, In case of defeult In the payment of the sald principal Note or Interest,Qr any part thereof,as it Y='`�o�-
<br /> shall mature,�r In the case of fallure to keep or perform any of the covenants or agreemente contained In the Securl4y Inatru- �?�:'•�`'�
<br /> ment, then the Lender, Its successors ar asslgns, shall be and Is hereby suthorized and empowered to teke immedlate `�. ' - --
<br /> posses3lon of the sald premises thereln descrlbed and to collect the rents therefrom,and to apply the proceods the►eof to the .�'?�o
<br /> ,,;.�y
<br /> payment of the Note. .� �"
<br /> � .. .� s n � �ve..oe�� prnfltsc AII rwnts�ollected by Lender or the recelver shall be applled first to payment ���=� b
<br />_:- .. - . ._ _ �i. ��+i��=�.a aii^v� �wi�.w ...............�. _ . ' _
<br /> of tha costs of management of theproperty and collectlon of rents,Including,but not Iimited to,receiver's fees,premiums on ��` `
<br /> recelve►'s t�onds end reaso�able attorney's fees,and then to the sums secured by the Security Instrument. Lender and the �=r,�
<br /> recelver shail be Ilable to account only for those rents actually roceived. "�`''°'^'
<br /> 5. C�nstructlon of Provislons.Each of the provisions contalned In this Asslgnment of Rents Rider and the Security instru- ��`:�' ,
<br /> ment shali, unless otherwfse speciflcally requlred, be construed In accordance with Nebraska law, and in the event any
<br /> provision hereln or theretn conta(ned Shall be determined by a court of competent jurlsdlctlon to be unenforCeable,the seme �
<br /> ' shall be r,onstrued as though such unenforceable provision were not a part hereof or thereof. ;y
<br /> 8. �ffect of Rider.Except as specifically modlfled by or inconslstent with this Assignment of Rents Rider or by any other +�+r •'
<br /> appllcabie ridor,all of the terms and provisions contained in the Securlty Instrument shali continue in fuli force and offect. »�
<br /> , 4
<br /> IN WITNESS WHEREOF, Borro�ver has executod this Assign ent of Re t Rider o the te first noted above. ��� ,,-•
<br /> , �
<br /> � WAL . P'lA S I�orrower 1�^�/"�' -
<br /> .,.,,,. ��
<br /> —�Q���- �T�
<br /> <<
<br /> DELLR L. mAATSCH eorrower ,�:
<br /> ( �� ;<
<br /> .. STATE OF NEBRASKA) � `��L,
<br /> (ss: I r�
<br /> :,
<br /> COUNTY OF HAI.L ) I "' '
<br /> On thls 19TH day ofi O�CEmBER �g �4 before me the undersigned,a Notary Pubiic duly commissloned and
<br /> quallfied for sald county,persona�ly cam9 WALTER D. mRATSL�H AND DELLA L. mAATSCH, HUSBAND AND WIFE !
<br /> ,to be the Identical person(s)whose narne(s)Islare subscribed
<br /> to tho foregoing Instrument,and helshelthey acknowledge the executlon thereof to be hlslherttheir voluntary act and deed. ,
<br /> Witness my hand and Notarlal Seai at GRRND ISLAND, NEBRASKA '
<br /> _ rt�sQid c�ty,the dato afo safd. .
<br /> 1
<br /> GENEEUl IbTAAp�SU�Ot".G"rasta -- � �"
<br /> OEBOR14H L KINIBLH Notary PubliC
<br /> My Commisslon expi � ��m1D'�'�tav.23,1995
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