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<br /> . . �''�', . :'�-�� . �s*_a��rr oF RI�NTS RIDEtt ' —
<br /> :;'. ''.Y
<br /> ••���' ���r • THIS 1188IONM�liT OF RENTS RIDER ia mada snd oxocutad tbio
<br /> � � � • ' day o! ��lY , 19 9� and io iacorporatad into aad �hall
<br /> n � �aomod to amon an oupp'�nont tihe Mortgaqa or Deod of Truat,
<br /> � °�� �` heroinaltor ralarrod to a�e tho „seaurity InetrumeatM, of th� eamo
<br /> � `" :. dat� giv�n by tho und�r�ignod, hor�inaltor roiorrod to a� th�
<br /> �- n8orrowor", to seaure Borrower•e indebtednose, herainaf�or
<br /> �------------'-�----
<br /> • rolorrod to aa tho �NoteH, to HOME FEDER�L 8AViN08 11ND LOl1r1
<br /> T - �•� �, . A88oCiATION OF QE�1tiD ISLRND, hereinnfter raferred to as the
<br /><� �� "Londor", o! tiho aemo dato and covorinq tiho proporty dpocribod in -
<br /> � .. , � tibo eoaurity Inotrumont aad locetod ats
<br /> S:. -.
<br />�'.�.f. � � _
<br /> �; �:i, . ,� � 2104 9arbara Ave Grand Island NE 68803 ��
<br />� � ,�ir. (Proporty droae
<br />� i WIT�1�8B8THs
<br /> � -
<br />,�::-,: . � �. ,.
<br />�� , ti ° .f�;���� Wp�ItE11H, Borrowor and Lender bave agreod thnt aay rents and ��-
<br /> .: �. � '�'� profite attributiable to the property ehould conetitute additional ����-
<br /> y� - �,�.._. ^• eeaurity to the I.ondor for the payment of the Note; - ----
<br />� ,'.'� -, , DTOW, THEREFGRE� it is ngreed that the Soaurity instrumant �-- --
<br />�. � ��� shal l be aaended horeby end doomsd to iaalude the followiag pro- `==�--
<br />� �= viaioas:
<br /> , .a:r;�
<br />� • � ��' 1. l►ee��**++*ent of Rentie and isader itental Collectiion_Biahte. _
<br />�., ., ' y s�naa=s;';'
<br />� • � „ Borrowor horoby at�oolutely and unaaaditionally nssiqne all rente,
<br /> � .. . iesuee and profita of the proporty to Beneficiary. Lender ehall � :_
<br />�_;��.� ,,. � hava tho right, powor and authority during the continur�nce of the . ,��-�
<br />; ' . . Seaurity Inetrwaont to collact tha ronts, ieauos and profite of � • °
<br />�- ` t h e p r c��a�r ty a n d o f e ny p e r e o n a l p r o p e rt y l o c a t e d t h e re o n w i t h or = � __
<br /> � without tak inq poesese ion of the property affected hereby. _.-�,
<br /> ' 3�' � Lender, however, bereby coasente to Borrower's colloction and �=�;
<br />, � ` , � retantion of euch rente, iosues and profits ae they accruo nnd ���"-
<br /> ,� , � become payable, so long ae Borrower is nat, at such time, in ��. ��r�� :'�^
<br /> ' default with respect to payment of any indebtedness secured .,,,,c...;,::�
<br /> �ry . � heroby, or in thQ performance of any nqreanont hereunder. �,4�_ir;':---
<br /> :.�.;� '•z���,�,�
<br /> "" 2. Aonointment of Receiver. If eny event of default in �
<br /> , ` respect to the Security Instrumont ehall hevo occurrod and be �
<br /> F. : � , _
<br /> " continuing, Lender, es a� matter of riqht and without notice to
<br /> eorrower or anyone claiminq under Borrower, and without regdrd to `.. __
<br /> • .. � . the value of the trust estate or the interest of the Horrower � � = �
<br /> � -` � �� tharein, shall hnve the riqht to epply to any court having juris- ; , � __:
<br />'"' �� ' diatfon to appoint a receiver of tho property. ' ' '�' �,-V
<br />� 3. �,�ht to poe�ession. I� aaeo of default ia tho payment ' -iY_��`�.
<br />'�. ��` . of tho eaid prinaipel Note or intereat, or eny part thereof, ae � � ,��°"=
<br /> � it shall mature, or in the Cd66 of failure to koep or perform any � '��'=}���
<br />�"' n ,;..._w ' of the covenants or agreemente contained in the 3ecurity It►s�ru- ` �
<br />. ment, then the Lender, ite succeesors or assigne, ehall be attd is
<br /> � hereby authorized and empowered to take immediate poesession of ;
<br />' the said premises therein described and to collect the rents
<br /> therefrom, aad to apply the proceede thereof to the payment of .
<br /> " tha Noto.
<br /> � 4. . 1►11 rents � �
<br /> ' collected by Lander or the receiver ahell be applied first to
<br /> payment of the coete of maneqement of the property and collection
<br /> o�f rente, includinq, but not limited to, receiver's fees, premi-
<br /> wns on receiver's bonds and reaeonable attorney�s fees, and then
<br /> �- to the sums secured by the security instrument. Lender and the
<br /> � receiver et:all be liable to account only for those rente actually
<br /> receivad.
<br /> , 5. �qnstruction of Provisions. Ench of the provieione con-
<br /> ' tained in this Assignment of Rente Rider and the 3ecurity instru-
<br /> ment shall, unless otherwise �specifically rQquired, bo conetrued
<br /> � ` in accordance with Nebraeka law, and in the event any proviaion
<br /> � harein or therein contained ehall be determined by a court of
<br /> competent juriediction to be unenforceable, the same ehall be
<br /> construed ae though such unenforceable provision were not e� part
<br /> hereof or thereof.
<br /> i
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<br /> ; ---- -
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