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200302501
<br />1 -4 FAMILY RIDER
<br />(Assignment of Rents)
<br />TFBS 1 -4 FAMILY RIDER is made this 24th day of February 2003 , and is incorporated into and
<br />shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the
<br />same date given by the undersigned (the "Borrower ") to secure Borrower's Note to United Nahraska Rank
<br />(the "Lender') of the same date and coverin6(, the Property described in the Security Instrument and located at:
<br />221fi N. Howard C.rand island. NE 68803
<br />1PeC
<br />1 -4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower
<br />and Lender further covenant and agree as follows:
<br />A. ADDITIONAL PROPERTY SUBJECT TO THE SECURITY INSTRUMENT. In addition to the Property
<br />described in the Security Instrument, the following items are added to the Property description, and shall also constitute the
<br />Property covered by the Security Instrument building materials, appliances and goods of every nature whatsoever now or
<br />hereafter located in, on, or used, or intended to he used in connection with the Property, including, but not limited to, those for
<br />the purposes of supplying or distributing heating, cooling, electricity, gas, water, air and light, fire prevention and extinguishing
<br />apparatus, security and access control apparatus, plumbing, bath tubs, water heaters, water closets, sinks, ranges, stoves,
<br />refrigerators, dishwashers, disposals, washers, dryers, awnings, storm windows, storm doors, se'eens, blinds, shades, curtains
<br />and curtain rods, attached mirrors, cabinets, panelling and attached floor covering, now or hereafter attached to the Property, all
<br />of wbich, including r,placcments and additions thereto, shall be deemed to be and remain apart of the Property covered by the
<br />Security Instrument. All of the foregoing together with the Property described in the Security Instrument (or the leasehold
<br />estate if the Security Instrument is on a leasehold) arc referred to in this 1.4 Family Rider and the Security Instrument as the
<br />"Property ".
<br />B. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make a change in the use
<br />of the Property or its zoning classification, unless Lcndcr has agreed in writing to the charge. Borrower shall comply with all
<br />laws, ordinances, regulations and requirements of any governmental body applicable to the Property.
<br />C. SUBORDINATE LIENS. Except as permitted by federal law, Borrower shall not allow any ben inferior to the Security
<br />Instrument to be perfected against the Property without Lender's prior written permission.
<br />D. RENT LOSS INSURANCE. Borrower shall maintain insurance against rent loss in addition to the other hazards for
<br />E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Uniform Covenant 18 is deleted.
<br />F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, the first sentence in
<br />Uniform Covcnant6conceming Borrower's occupancyof the Property is deleted. All remainingcovenants and agreements set
<br />forth in Uniform Covenant 6 shall remain in effect.
<br />G. ASSIGNMENT OF LEASES. Upon Lender's request, Borrower shall assign to Lender all leases of the Property and
<br />all security deposits made in connection with leases of the Property. Upon the assignment, Lender shall have the right to
<br />modify, extend or terminate the existing leases and to execute new leases, in Lender's sole discretion. As used in this paragraph
<br />G, the word "Iccasc" shall mean "sublca,c" if the Security Instrument is on a leasehold.
<br />H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Borrower
<br />absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ( "Rents') of the Property, regardless of
<br />to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to collect the Rents, and agrees
<br />that each tenant of the Property shall pay the Rents to Lender or Lender's agents however, Borrower shall receive the Rents
<br />until (i) Lender has given Borrower notice of default pursuant to paragraph 1 of the Security Instrument and (ii) Lender has
<br />given notice to the tenants) that the Rents are to be paid to Lender or Lender's agent. 'this assignment of Rents constitutes an
<br />absolute assignment and not an assignment for additional security only.
<br />If Lcnacr gives notice of breach to Borrower. (i) all Rents received by Borrower shall be held by Borrower as trustee for the
<br />benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and
<br />receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid
<br />to Lendcr or Lender's agents upon Lende''s written demand to the tenant; (iv) unless applicable law provides otherwise, all
<br />Rents collected by Lender or Lender's agents shall be applied first to the costs of taking control of and managing the Property
<br />and collecting the Revs, including, but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and
<br />maintenance costs, insurance premiums, taxes, assessments and other charges on the Property and then to the shims secured by
<br />the Security Instrument; (v) Lender, Lender's agents or anyjudmially appointed receiver shall ire liable to account for only those
<br />Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to take possession of and manage the
<br />Property and collect the Rents and profits derived from the Property without any showing as to the inadequacy of the Property as
<br />If,the Rents of the Property are not sufficient to cover the costs of taking control of and managing the Property and of
<br />collecting the Rents any funds expended by Lender for such purposes shall become indebtedness of Borrower to Lender secured
<br />by the Security Instrument pursuant to Uniform Covenant 7.
<br />Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and has not and will
<br />not perform any act that would prevent Lender from exercising its rib *his under this paragraph.
<br />Linder, nr Lender's agents or ajudicially appointed receiver, shall not be required to enter upon, take control of or maintain
<br />the Property before or after given notice of default to Borrower. However, Lender, or Lender's agents or a judicially appointed
<br />receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any default or invalidate
<br />any other right or remedy of Lender. This assignment of Rents of the Property shall terminate when all the sums secured by the
<br />Security Instrument are paid in Poll.
<br />I. CROSS - DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which Lender has an
<br />interest shall be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Security
<br />Instrument.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the terms an provisions contained in this I -4 Family Rider.
<br />[seal]
<br />s" tea /Go�rddonn L. OI'N /ryei�l�l
<br />1..0— " 6) I �y�X{ [Seal)
<br />Colleen K. O'Neill
<br />ii—
<br />a—.—
<br />MULTISTATE 1 -4 FAMILY RIDER- Fannie Mae/Freddie Mac Uniform Instrument Form 3170 9/90
<br />10s2 CT Plue (9/97)
<br />GOTO(000441h)
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