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200214186 200214012
<br />1 -4 FAMILY RIDER
<br />(Assignment of Rents)
<br />THIS 1-4 FAMILY RIDER is inside this 12th day of December 2002 , and is incorporated into and
<br />shall he deemed to amend and supplement the Mortgage, Dud 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 Nebraska Rank
<br />(the "Lender") of the same date and covering the Property described in the Security Instrument and located at:
<br />410-422 1/2 W 7th Grand Island, P 68803
<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 Instillment building materials, appliances and goods of every nature whatsoever now or
<br />hereafter located in, on, or used, sir intended to be used in connection with the Property, including, but not limited tq those fw
<br />the purposes of supplying or distributing heating, cooling electricity, gas, water, all and light, the 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, screens, blinds, shades, curtains
<br />and curtain rods, attached mirrors, cabinets, panelling and attached Floor coverings now or hereafter attached to the Property, all
<br />of which, including replacements and additions thereto, shall be deemed to be and remain a part 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) are referred to in this 1 -4 Family Rader 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 Lender has agreed in writing to the change. Borrower shall comply with all
<br />laws, ordinances, regulations and requirements of any governmental body applicable to the Property.
<br />C. SUBORDINATE LIENS. Lxcept as permitted by federal law, Borrower shall not allow any lien inferior to the Securiry
<br />Instrument to be perfected against tine 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 ter
<br />which insurance is required by Uniform Cultural J.
<br />E. "BORROWER'S RIGHT TO REINSLA'I E" 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 Covenant 6 concerning Borrower's occupancy ofthe Property is deleted All remaining covenants and agreements set
<br />forth in Uniform Covenant 6 shall remain in effect.
<br />G. ASSIGNMENT OP 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 "lease" shall occult "sublease" if the Security Instrument is on a leasehold.
<br />H. ASSIGNMENT OF RENTS; APPOIN'T'MENT 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 Lenders agents to collect the Rents, and agrees
<br />that each tenant of the Property shall pay the Rants to Lender or Lender's agents. However, Borrower shall receive the Rents
<br />until B) Lender has given Borrower notice of default pursuant to paragraph 21 of the Security Instrument and (ii) Lender has
<br />given notice to the tenant(s) that the Rents are to be paid to Lendcr or Lender's agent. This assignment of Rents constitutes an
<br />absolute assignment and not an assignment for additional security only.
<br />if Lendcr gives uotice of breach to Borrower: (Q 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 Instmment; (it) Lender shall be entitled to collect and
<br />receive all of the Rents of the Property; (iii) Borrower agrees that each Tenant offie Property shall pay all Rents due and unpaid
<br />to Lender or Lender's agents upon Lender's written demand to the tenanq In) 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 Rents, including, but not limited to, attorneys 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 sums secured by
<br />the Security Instrument; (v) Lender. Lender's agents or any judicially appointed receiver shall be liable to account for only thuse
<br />Rents actually received; and (vi) Leader 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 />security
<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 front exercising its rights tinder this paragraph.
<br />Lender, or Lender's agents or a judicially 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, stay do so at any time w en 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 assigmrent of Rents of the Property shall terminate when all the sums secured by the
<br />Security Instrument are paid in fall.
<br />1. CROSS - DEFAULT PROVISION. Fact ic,,a', default or breach under any note or agreement in which Lender has an
<br />interest shall be a breach tinder the Security Instrument and Leader may invoke any of the remedies permitted by the Security
<br />lnatrumcan.
<br />BY SIGNING BELOW, Borrower accepts and agrees to the teens cud rovisions con arced in Family Rider
<br />2 .
<br />. C�D[/`�_ [Seal]
<br />Gordon D Coble
<br />04 � WA� [Seal]
<br />a-,,, Lori L Coble
<br />MULFISI'A'I'L1 -4 FAMILY RIDER - FannieMae /Freddie Mac Uniform Instrument Form 31709 /90
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