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<br /> •:,� ' �aaTn�RaT o� RBNTS
<br /> TNIB A88IONM�l1T 0�' R6NT8 RID�R io medo and ox�out�d thi•
<br /> ,�•::�:: •• � 7th day o! Ju1 , 19 92, and i• inaorporatod f.nto and ■hell
<br /> � �� ��oomed to aaion an ouppremant the MorEgego or Da�ed of Truat,
<br /> =��y �,�u;•�»:•T�� horainaltar r�forr�d to se tho N9ecurity In�trumont�, oP the •eiao
<br /> � �Fu•
<br /> ��-��z"�'�•-•���= date given by the undorsigned, horaina��er reforrad to ae tl�e .
<br /> L ,z�*•:
<br /> �� "Borxowar", to esaure Borrnwar's indebtednose, heroinafter
<br /> - �'�' A', refarred to na the "Note", to HOME FEDERAL SAVIN(iS 11ND LOAN
<br /> !p :;, ati ASSOCIATION OF ORAND IiiLAND, horeinafter xeferred to ae the _
<br /> - - �.��±''��'~•'� �� , "LenderM, of the seme date ertd covering tho property described in
<br /> ����-��••�• �,� the Soourity Inetrument and located et:
<br /> ���;... .
<br /> .� 2120 W. 6th Grand Island NE 6880$ �
<br /> � �. ;";;�.,;r,,;� (Praperty A rese)
<br /> �� :�:.
<br />_� `' ` WITNESSET�It
<br /> ,� . ":�, .
<br /> ^' ....
<br /> � �' ''��' � �� WHEREAS, Borrowor and Lender hnve aqreed thet any rents and
<br /> T -=- ���:.�� �y �°`� profits attributable to the proparty should aonetitute additione].
<br /> - � ,....�� security to the Lender for the payment of the Note; -
<br /> ;� �
<br /> "�� �� G ;�,;F•:` NOW, TH�RE�'ORE, it ie agreed that the Seaurity Instrument
<br /> Y�! . d•,:• �r. `
<br /> u;;i�. ,. , , .: shall be a�aonded°hereby and deemed to inalude tbe following pro-
<br /> ��:� .;�, ��r�, visions: __--
<br /> _;;��. � . —
<br /> --- - � 1. Aesia�ent of Rents and Lender Rental Col lection �ahts.
<br /> -= '� «; " Borrower hereby absolutely and unconditionally eseiqns all rents,
<br /> '°"� � issues and profits of the property to Beneficiary. Lender shall
<br /> --r^+� ,,� " '� � •, � have the right, power and authority during the continuance of the r�
<br /> .�r> .,.�. _ �._,,� . ' � :,:
<br /> : _„ - - =r , r,: , Security Insc�u�aant �a aollact tha ronts, issusa and grofite c�f �i
<br /> ��� ' ° , the property and of any pereonal property located thereon with or
<br /> ��:�'�� . �, �, �� without taking posseseion of the property affected hereby. —
<br /> �""�::• ;,. ,. Lender, however, hereby consente to H�rrower's col lection and .�,
<br /> ==�� •� • retention of auch rente, iesues and profite as they accrue and �=��-
<br /> __ ° � � become payable, so long as Borrower ie no�, at such time, in o__
<br />—�'.�' � default with reapec:t to payment of any indebtedness secured
<br />-- ' ��" bereby, or in the performance of any agreement hereunder. ----
<br /> � :�.
<br /> °�,,. , � 2, ,�pioo i tment of Receiver. I f any event of dsfault in �+�j`°
<br /> � _ �.
<br />- • respect to the 3ecurity Instrument ehall have occuxrwd and be �''�T�.
<br /> ,'�'` a � � contiauing, Lender, ae a matter of right and without notice to .,
<br /> .�� �.
<br /> Borrower or anyone claiming under Borrower, and without regard to f
<br /> r e;;••-sw.
<br /> '.� • ��.�•�� -�.� the value of the trust estate or the intereet of the eorrower
<br /> '=� � � � �• therein, ehall have the right to apply to any caurt havinq juris- �_--_-_-
<br />- " ��-� � " diction to appoint a receiver of the property. _- --
<br />-�4 �° ; 3. Riqht to Posseseion. In case of default in the payment �;°"_-
<br /> � ���-• " of the said principal Note or interest, or any part thereof, as
<br /> - �� ;.. � i� shall matnre, or in the case of feilure to keep or perform any '` ,:,-.
<br /> : � of the covenants or aqreements contained in the Security Instru- t •.�� ���
<br /> �=�'�t � ment, then the Lender, its successors or assiyns, shall be and is � �. �
<br /> � • hereby authvrized and empowered to take immediate possession of f
<br /> . the said premises therein described and to collect the rents •
<br /> ' �� , therefrom, and to apply the proceeds thereof to the payment of
<br /> the Note.
<br /> 4. B,Qn��^a��on of Rents._Iseues and Profite. All rents � .
<br /> � . collected by Lender or the receiver shall be applied first to
<br /> payment of the coste of management of the property and collection �
<br />.. �, of rents, including, but not limited to, receiver's fees, premi-
<br /> � ume on receiver's bvnds and reasonable attorney's fees, and then
<br /> 1 , tv the sums secured by the 3ecurity instrument. Lender end the
<br /> receiver shall be liable to account only for those rents actually
<br /> recefved.
<br /> � 5. Construction of Provieions. Each of the provisiane con-
<br /> � tained in this Aesiqnment of Rents Rider and the Security Instru-
<br /> ment shall, unless otherwise specifically required, be construed
<br /> ' in accordance with Nebraeka law, end in the event any provieion
<br /> �i • � herein or therein contained ehall be determined by a court of
<br /> ., i competent �urisdiction to be unenforceable, the eame ehall be
<br /> construed as though such unenforceable pravision were not a part
<br /> � - hereof or tbereof.
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