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- 88--100631 Prior Mortgage Rider r THIS RIDER modifies and supplements the Deed of Trust to which it is attached (" Deed of Trust") and the terms hereof shall prevail over all conflicts and inconsistencies contained in said Deed of Trust. 1. Beneficiary and Trustee hereby acknowledge that the Deed of Trust is subordinate to a certain Mortgage, recorded in the office of the Register of Deeds of Hall County" Nebraska at Grand Island between Mary Susan Daly & Gerald E, Daly and Equitable Building & Loan Association' (hereinafter called the "Prior Mortgage") and all representations, covenants and warranties of Trustor made in the Deed of Trust are hereby modified to the extent necessary to provide for such Prior Mortgage. 2, To the extent the Prior Mortgage shall require the payment of, and for so long as Trustor shall pay to the holder of the Prior Mortgage, funds for the payment of taxes, assessments, insurance premiums and ground rents, Beneficiary hereby waives its right to collect the same. 3. All original insurance policies, tax statements and other documents and instruments which are to be delivered to Trustee and/or Beneficiary pursuant to the terms of the Deed of Trust are, to the extent the Prior Mortgage requires otherwise, modified to permit the possession thereof by the holder of the Prior Mortgage, provided however, Trustor shall furnish copies of all such insurance policies, tax statements and other documents and instruments to Trustee or Beneficiary, as the case may be. 4. If Trustor shall default in any of the terms, conditions or provisions of the Prior Mortgage, or in the instruments of indebtedness secured thereby, or if any proceeding or action snail be commenced to foreclose the Prior Mortgage, any or all of the above shall constitute an Event of Default as defined in the Deed of Trust. 5. Beneficiary, at its option, may cure any default of Trustor in any of the terms, conditions or provisions of the Prior Mortgage, or in the instruments of indebtedness secured thereby, and all amounts advanced by, and other expenses of, Beneficiary in curing such default, together with interest thereon at the default rate, if any, set forth in the Note, or otherwise at the highest rate permitted by law, shall constitute a part of the Indebtedness secured by the Deed of Trust and shall be due and payable by Trustor to Beneficiary upon demand. 6, Trustor does hereby assign and convey to Beneficiary, all of Trustor's rights, titles and interests in and to the Prior Mortgage, 7, In the event the Prior Mortgage shall be a deed of trust, Beneficiary hereby requests that a copy of any notice of default and notice of safe be mailed to it at its address set forth in the Deed of Trust. This Rider has been executed in conjunction with the Deed of Trust to which it is attached and constitutes an integral part thereof. TRUSTOR: TRUSTEE and BENEFICIARY: NorwestBank C....-b I..) 4-1 By Curtis W. Mickev Title: Assistant Vice President fJlS 817 (Nebreske Only) r-- L.J L L .J / , )....