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1 -4 FAMILY RIDER <br />(Assignment of Rents) 200212009 <br />THIS 1 -4 FAMILY RIDER is made this 1st day of November 2002, and is incorporated into and shall be <br />deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") <br />of the same date given by the undersigned (the "Borrower ") to secure Borrower's Note to Security National <br />Bank (the "Lender ") of the same date and covering the Property described in the Security Instrument and <br />located at: <br />2119 W First Street, Grand Island, Nebraska 68801 <br />[Property Address] <br />1-4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security Instrument, <br />Borrower 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 now or hereafter attached to the Property to the <br />extent they are fixtures are added to the Property description, and shall also constitute the Property covered by <br />the Security Instrument: building materials, appliances and goods of every nature whatsoever now or hereafter <br />located in, on, or used, or intended to be used in connection with the Property, including, but not limited to, <br />those for the purposes of supplying or distributing heating, coaling, electricity, gas, water, air and light, fire <br />prevention and extinguishing apparatus, security and access control apparatus, plumbing, bath tubs, water <br />heaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers, awnings, <br />storm windows, storm doors, screens, blinds, shades, curtains and curtain rods, attached mirrors, cabinets, <br />paneling and attached floor coverings, all of which, including replacements and additions thereto, shall be <br />deemed to be and remain a part of the Property covered by the Security Instrument. All of the foregoing <br />together with the Property described in the Security Instrument (or the leasehold estate if the Security <br />Instrument is on a leasehold) are 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 <br />use of the Property or its zoning classification, unless Lender has agreed in writing to the change. Borrower <br />shall comply with all laws, ordinances, regulations and requirements of any governmental body applicable to <br />the Property. <br />C. SUBORDINATE LIENS. Except as permitted by federal law, Borrower shall not allow any lien inferior to the <br />Security 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 <br />hazards for which insurance is required by Section 5. <br />E. "BORROWER'S RIGHT TO REINSTATE" DELETED. Section 19 is deleted. <br />F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, Section 6 concerning <br />Borrower's occupancy of the Property is deleted. <br />G. ASSIGNMENT OF LEASES. Upon Lender's request after default, Borrower shall assign to Lender all leases <br />of the Property and all security deposits made in connection with leases of the Property. Upon the assignment, <br />Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in <br />Lender's sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security <br />Instrument is on a leasehold. <br />H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION. Borrower absolutely <br />and unconditionally assigns and transfers to Lender all the rents and revenues ( "Rents ") of the Property, <br />regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's agents to <br />collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's agents. <br />However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default pursuant to <br />Section 22 of the Security Instrument and (ii) Lender has given notice to the tenantls) that the Rents are to be <br />paid to Lender or Lender's agent. This assignment of Rents constitutes an absolute assignment and not an <br />assignment for additional security only. <br />If Lender gives notice of default to Borrower; (i) all Rents received by Borrower shall be held by Borrower as <br />trustee for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender <br />shall be entitled to collect and receive all of the Rents of the Property; (iii) Borrower agrees that each tenant of <br />the Property shall pay all Rents due and unpaid to Lender or Lender's agents upon Lender's written demand to <br />the tenant; fiv) unless applicable law provides otherwise, all Rents collected by Lender or Lender's agents shall <br />be applied first to the costs of taking control of and managing the Property and collecting the Rents, including, <br />but not limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance <br />costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the sums <br />secured by the Security Instrument; (vi Lender, Lender's agents or any judicially appointed receiver shall be <br />liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver <br />appointed to take possession of and manage the Property and collect the Rents and profits derived from the <br />Property without any showing as to the inadequacy of the Property as security. <br />If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the <br />Property and of collecting the Rents any funds expended by Lender for such purposes shall become <br />indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 9. <br />Fc— 3170 vor <br />KQ2AO <br />! 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