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<br /> � ° THIS 1189IGNMENT O�' RENTS RIDER io mado end ozacuted thfe
<br /> '&'� ` 22nd day of June , 19 9�, and is inaozporstod into and ahnll
<br /> - _ . Se�deen+ed to em�n ao �uppIomont the Mortgaqe or Ds�d o! Truat, c
<br /> - _- - _--
<br /> h�r�inatta�r r�l�rr�d to ao tha "S.aurity Instrumon t N, o f t he eam o
<br /> . = � dae� qiv�n by th� uad�rsiqn�d, hwr�ineft�r rol�rr�d to as th�
<br /> "� � "Horrowar", to ��cura Borrcwor•s indebtedn�ss, harQinafter
<br /> ' � ' � reterrad to ae ths MNOt9�� to HOME FEDERIIL S�ViNaB 71�iD LOl1N
<br />��"�� " 1188oCTA�ION OF ORAND IBLlWD, hareinatter r�ferred �o ae the
<br /> i�� � " ML�adar�, c! tih� �aa�� data end cov�ring th� prop�rty de�cribad in -
<br />�:�:.' . � tih� S�aurity Instrum�nti and loaet�d at: � --------
<br /> � '� 923 South Clark Grand Island� NE 68801
<br />'i,.. �'., (Prop� y A •os) --�
<br /> 1 ' ..
<br />�:.: . 1iITNE88ST8 t
<br /> , WH6REA8, Horrow�r and Lend�r heve agr��d that eny rents and l; -
<br /> � � � profits a�tributabl� to tha property ehould constituto additiion�l �� �- �
<br /> .. aoaurity to tho I.�nd�r for tha payment of tihe Note=
<br /> „ � NOW, TtiBItEFORE, it is agreed that the Sacurity instrument �
<br /> ' . ° � ehall bQ amondad horoby aaci deemed to includa the following pro- �-Y.�-==�''
<br /> � �� � viaiones
<br /> � ' 1. 1►es+g�ent of Rente end Lender Rentel Collection Riahts. � �
<br /> - � Horrowor hereb aboolutel and uncoaditionally aesigns ell rents, �„` ,`' �'�
<br /> iesuas and rofits of theY ro ert Eo Beneficia . Lender shell '`'L`
<br /> - - P P P Y ='Y �''- _;�.
<br /> --� � ' have the riqht, power and authority during the continuance of the � - -
<br /> . : 3ecurity Inetrument to collect the rente, iesues and profits of ►' . � �'�
<br /> the property and of any pereonal property loceted thereon with or �- ��°'
<br /> � without takinq poesession of the property effect�d hereby. s ` r�
<br /> ' Lender, however, hereby coneente to Borrower's colloction and �,,�'.`� �
<br /> retention of euch ren�s, issues and profits ae they eccrue nnd ��w��•.�° .
<br /> , become payebla, so lonq es Borrower ie not, et such time, in ,��,°----
<br /> . defeult with respect to payment of any indebtednese secured ��'���
<br /> �.-�.�..,�
<br /> ° hereby, or in tho performance of any aqreement boroundQr. -�...�L.�».- _`�
<br /> „ r .-_.
<br />. 2. 8,poointment of �eceiver. If any even� of default in - _°'
<br /> � respeat tc the Seaurity Instrumont ehall havo occurred and be � : -:
<br /> continuinq, Lender, ne a matter of riqht and without notice to
<br /> Horrower or nayone claiming under Borrower, and without reqerd to �
<br /> ; the value of tho truet estate or the intarest of the 9orrower .
<br /> � therein, ehnll he�ve the right to epply to any courti having juris- ----
<br /> � ., dictioa to appoint a receiver of the property. �-`-'��W- -
<br /> .. J.� . - ��- -._._
<br /> � 3. Riaht to posseseion. in case of default in the peyment � ^"`� _.
<br /> ...�::
<br /> , of the eaid principel Note or interest, or any pnrt thereot, as �
<br /> •u iti shall mature, or in the case of fnilure to kaep or porlorm any t -
<br /> „ of the covenants or egreementa contained in the 3acurity idstru- r
<br /> ment, then the Lender, ite euccessore or assigns, shell be end is
<br /> heroby authorized and empowered ta take immediete possQSeion of
<br /> the eaid premiees therein described and to collect the rente
<br /> therefrom, nnd to apply the proceede thereof to the payment of
<br /> tho Noto. �
<br /> , 4. �p�lication of Rents. Iesues end Profits. Al1 rents
<br /> collectQd by Lender or the receiver shall be applied ffrst to
<br /> payment of the coete of management of the property and collection
<br /> of rents, includinq, but not limited to, receiver's fees, premi-
<br /> uma en receiver's bonde end reesonable attorney•s fees, end then
<br /> to the sume securad by the Security Inatrument. Lander and the
<br /> - r@C61V@L' 81�411 Oo llmllf 4V Q�:tiVY�IV vi�ij ivi. ruviC ��i��i �iv.}�.�.'..'.��j
<br /> racoived.
<br /> . 5. �onstrLCtioe o� Prov�sions. Each of tho provisions con-
<br /> tained in this Assignment of Rents Rider and the Security ins�ru-
<br /> ment shall, unless otherwise Rpecifically required, be construed
<br /> in accordance with Nebraska law, e�nd in the event any provision
<br /> herein or therein contained ehell be determined by a court of
<br /> ' competent jurisdiction to be unenforceable, the eame ehell be
<br /> ' conetrued as thouqh such unenfoxceable provieion werQ not e part
<br /> horeof ar Lbereof.
<br /> � 1
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