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.
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