|
Loan Number: 2310662
<br />1 -4 FAMILY RIDER 200214515
<br />(Assignment of Rents)
<br />'LIES 1 -4 FAMILY RIDER is made this 18th day of DECEMBER, 2002
<br />, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Tmo
<br />or- Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower ") to secure
<br />Borrower's Note to HERITAGE BANK, A NEBRASKA BANKING CORPORATION
<br />(the "Lender')
<br />of the same date and covering the property described in the Security Instrument and located at:
<br />2911 W 4TH ST, GRAND ISLAND, NEBRASKA 68803
<br />[Property Addressl
<br />1 -4 FAMILY COVENANTS. In addition to the covenants and agreements made in the Security
<br />Instrument, Burrower and Lender further covenant and agree as follows:
<br />A. ADDITIONALPROPERTY SUBJECT TO THE SECURITY INSTRUMENT. In addition to the
<br />Property described in the Security Instrument, the following items are added to the Property description, and shall
<br />also constitute the Properly covered by the Security historical; building materials, appliances and goods of every
<br />nature whatsoever now or hereafter located in, on, or used, or intended to be used in connection with the Property,
<br />including, but not limited w, those for the purposes of supplying or distributing heating, cooling, electricity, gas,
<br />water, air and light, fire prevention and extinguishing apparatus, security and access control apparatus, plumbing,
<br />bath cabs, water heaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, washers, dryers,
<br />awnings, storm windows, storm doors, screens, blinds, shades, curtains and curtain rods, attached mirrors, cabinets,
<br />panelling and attached floor coverings now or hereafter artached to the Property, all of which, including
<br />ieplacentems and additions therew, 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
<br />leasehold estate if the Security Instrument is on a leasehuld) are referred to in this 14 Family Rider and the
<br />Security Instrument as the "Property".
<br />R. USE OF PROPERTY; COMPLIANCE WITH LAW. Borrower shall not seek, agree to or make
<br />a change in die use of the Property or its zoning classification, unless Lender has agreed in writing to the change.
<br />Borrower shall comply with all laws,ordmances, regulations and requirements of any governmental body applicable
<br />to the Property.
<br />C. SUBORDINATE LIENS. Except as permitted by federal law, Burrower shall not allow any lien
<br />inferior to the 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
<br />other hazards for which insurance is required by Uniform Covenant 5.
<br />E. "BORROWER'SRIGHT TO REINSTATE" DELETED. Uniform Covenant IS is deleted.
<br />F. BORROWER'S OCCUPANCY. Unless Lender and Borrower otherwise agree in writing, the first
<br />sentence in Uniform Covenant 6 concerning Borrower's occupancy of the Property is deleted. All remaining
<br />covenants and agreements set numb in Uniform Covenant 6 shall remain in effect.
<br />G. ASSIGNMENT OF LEASES. Upon Lender's request, 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 />Leader shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender's
<br />sole discretion. As used in this paragraph G, the word "lease" shall mean "sublease" if the Security Instrument is
<br />on a Icaschuld.
<br />H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; LENDER IN POSSESSION.
<br />Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues ( "Rents ") of the
<br />Property, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender's
<br />agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender's
<br />agents. However, Borrower shall receive the Rents until (i) Lender has given Borrower notice of default purrssuannt,,,
<br />X72_
<br />MULTISTATE 13 AAMn.Y RIDS! - Single Lately - PCiMA/FIn.MC IBm'ORM niSTR[IMBNT FORM 317 9/90
<br />us au— So— I ®. I1ml .111. Page 1 of 2
<br />
|