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<br /> —� t . "� �, . � • �• , .,, ' ASSEi�NlAEN7 OF REl�iTS RIdER' � . -. �ti��
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<br /> a- Li-'-=,: � TNiS ASS1GNMENTOF RfNTS RIDEA i8 f1fl8dB BTId BXflCUtBd thi8 7� d�y Of JANUA�II _�S 95�.�8fld 19 �-,__.�m _ _--
<br /> ^' ° ='���`��'°F;� • tncorporat e e!tnto an d s ha l l b e deeme d to ar�e n d a n d supp temen t t he M o rtga g a c r O e e d a t T r u s t,h e c e i n a f t a r r e f e r r�d t o a s t h e •. �•�
<br /> _ ,_.:.v.. ' .: . 4' . ..._y _n_ .___._.__.
<br /> �__;_,f�', �=,. ` . " urity;lnstnimant;ot the same date given by tQs undersfgned, herelnatter reterred to as th� "BorroweC',fo sacure �=_---- �
<br /> - 4_` ` � BorrawePs inQe4iedness,herelnafter reteRed to as the"�tote",to HOM�FEDEGiA!SAVING&AND ROAN ASSOCIA7Ip�f CF �'-"'�"° =--
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<br /> �,� �z �`" t3RAND lSLAND,he:elnaftes teterred to as the��Lender",of the samedate and cavering tha properrydescci�ad tn trie Sa�curlty ,- �_ - _
<br /> � . In9trumeat and lacat8d a� —
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<br /> L ��- Fr � 1041 N. IJE88 RDs GRANO ISLANO NE 688Q3` � � ' �° °�
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<br /> �z'�:,� __ ��( C��1�) (Property Address). --
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<br /> -, : WHEREAS,Barrower and Lender haee agreed that a�ny rents artd profits attributable to the propertyr shoutt!ccnstltutg �?r -
<br /> � , ,: ` "� � additional security to t�e Lender for the payment of the Not�; • ' � ,� _-----
<br /> �- � � �--
<br />�.� : .�.�-�.. , Nt3iN.7HEREFORE,tt is agreed that the Secnrity Instrument shap 6e amended hareby and deemed to include the foilowing ____
<br />�. � � :, provisions: ___----
<br /> + .•rt',:.:
<br /> . _�•!_•' . _
<br /> r" ' 1. Asslanment of Reata artd lertder Rental Collection Riafits.Borrawer hereby absotutety anQ unconditlonalty assigns al) _�--
<br /> ; � ' � rertts, issass and prof[ts of the proporty to Reneftciary. Lender shatl have the rlght, power and autharity durirtg tAe ;.:��--
<br />� � ' , continuaqce of the Securi Instniment to collsct the rents,issues artd profits of the property and ot any personal property _ ��='�"
<br /> tY �� -
<br /> *' '� ` '�.-,�'� located thereor►.w[ffi or without taking possession of the property affected hereby. lertder,however, hereby consents to -=
<br />- . � ` . Borrower's cotlection and�atentton of such rents,iss�es and profits as they accrue anQ becoma payabte,so tong as 8arrower ���
<br /> � Is not,at suah time,in defautt with respoc!to payment of any tndebtedness secured hereby,or fo the performartce of arry � F�,.,�;:_-___
<br />'��� agreement hereunder. � " � --
<br /> ' ��; . ' • 2 9poointmertt ot Receiver. if any event of default in respect to the Sacur(ry instrusnent shaii hava occerrred and Se - =�
<br /> continutng, Lender,as a mat�er of Nght and without nottca to Borrower or anyone claiming under Bonower,and without • �'�==;�'L___�
<br /> a =1,. " • _
<br /> �', +:".;.`,'�� ' regard to the ratue ot the trust estate or the interest of the Bonawertherein,shali have the�Ight to appiy to any couR teavtrtg , ,_ __
<br />`�, .. " ,. � . Jucf�diction to appotnt a receiver af the p�opeRy. ' � ---
<br />� .. : —
<br /> _ ' ,,, . , . - . __.___._3__Riaht to Possesston.tn case of defauit tn_the:payment of the satd principal 1�ote or interest,or any,part ther+eof,as it , �
<br /> � • shall mature,or in the case of failure to keep or perform any of the covenants or agreeme�ts contained in t-he�eco ir�y Cns�fr�=�--- .- ��•A
<br /> k • •�•.
<br /> -• , msnt, then the lender, tts successors or asstgns, sha11,5e�and is hereby authorized and empawered to take immediate •
<br /> � �. . � possession of the said premises therein described and to coiteat the rents therefrom,and to appty the proceeds thereof to the • �T�_ = `. <
<br />- ' . � . � payment of the Note. ,
<br /> ..
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<br />"�. � • ° 4, AppHcatian af Rants.Issues and Profits,Atl rents collected by Lender or the reCeiver shail be applted first to payment._. _ � ' -
<br /> : � . af the costs of management ot the property and callection of rents,includtrtg,but not Umitecf to,receiver's tees,premfums on ^ t�. -
<br /> ✓ � recetvet's bonds and reasonabte.attornay's fees,and then to the sums sscured by the Security Instrument.Lender artd the . .
<br />-�f ,� • � receiver shalt be Uabie to account onty for those rents actually received. • � :. � ��
<br /> • � ' �•�, � 5. Construction ot Provisions.Each of the provisipns cantained in this Asslgnment of Rents Rider and the Security Instru- _ : ��''
<br />- , � � ment shall, untess othenvise specHicaliy required. be construed in accordance with NeBraska law,and in the event any � �'�.,,:
<br /> ' ' provision hereln or therein contairted sha110e determined by a court of competent jurisdictton to be unenforceabie,the same . • . -�;��
<br /> � • •�hell be const�ued as though such unenfarceabte provision were not a part hereof or thereof. ' �.3��':�,'
<br />- •�F: ' • • 8. �ffect of Rider.Excepi as specificalry modified by or tnconsistent with this Asstgnment of Rents RiQer or tiy any other � '' �-.' �� : '_�' �
<br /> f+ �'... :•, '_ ':- '� appilcable rlder,al1 of the terana and provisians contaiaed i�the Security Instrument shall contirtue in fu11 force and effect. r___...;._.._`• .>..,..`.
<br /> . : ,. . t . ,'� �•:
<br />--: • • IN WITNE33 WHEREOF,Barrower has executed this ASSign nent of enta Rider on the date first noted above. ,, ��� '
<br /> {i� . . . • , �.�1 � �'r"".�
<br />-��. - - �-
<br />_ �'� ' LAFAYETTE P LPS Borrower � ': . _ �. ':
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<br /> - -` � STATE OF NEBRASKA) �' �
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<br />_ ' . • COUNTY OF HALL ) .� . ..
<br /> � , On thla �9TH day ot JaNUARY �g 95 before me the undersigned,a Notary Pubitc duty cammissloned and � � • .
<br />_, _ . . , qualittedtorsaid county,personalty came LAFAYE7fTE PHEL�S, A SINGLE PERSON �
<br /> • ' � � • ,to be the Identfcal person(s)whose name(s)islare subscdbed ' j , •�
<br /> ''' �. .�::,�' to the totegoing Instrument,and he►shalthey acknowledge the executton tt�ereof to be hlslherltheir voluntary act end deed. �. �
<br />-�'�::1.� . ' .� t iNitness my Aand and Noiariai Seal at GRANO ISLAND. NEBRASKA � � . �
<br />_��•• d county,the date afo es Jd. ' •
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<br />�"��k=,V.. , � �., � Of60RIW L KIMB�E ry Pubitc � ,� .
<br /> � � • � My Com%fxp Nav 23,1995 (
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<br />=� •• My Commission explres: (
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