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<br /> �� �� -� � �� � ._106141
<br /> ;���;�t�y�;:` ' � . A88 TdNMENT OF R�N'!'S RIDEB 92
<br /> g .-�,
<br /> •�;.�� ` THIB ASBIaN�IENT OP' RENTB RID�R ie made and euoauted tbie
<br /> � � • 6th day of July , 1992, end ie incorporated into and ahall
<br /> �e`deemed to amend and aupp�ment the Mortqage or Deed of Trust,
<br /> - „��:,�;�,..'_.: � hereinafter raferred to ae the "Security Inetrumen�", of the eame
<br /> _ ��y-_ -�•__ dete given by the undersigned, h�+reinafter referred to as the c _ _
<br /> ;" ±� "eorrower", to eeaure Borrower'g indebtednose, heroin�fter
<br /> `"° �� � ' referred to as �he "Note", to HOME FEDERAL SAViNC38 AND LOAN
<br /> �— ,;,,_ , . �. .�
<br /> _•_� �o A88OCIATION OF aRAND IBLAND, hereina�ter xeferred to ae the
<br /> �• --�"' � ryLender", of �he eame date and covering �he property deacribed in
<br /> �
<br /> � ``�� the Seaurity Instrument and located ats
<br /> ..�. ,,, , . _
<br /> 223 Voss Rd Grand island, NE 68801
<br /> ' � � . �,: �-- -
<br />___ (Proper�y Addresej
<br /> ���` a.. ., ..
<br /> �'— � WITNE88�THt
<br />-� ., o , . . .
<br /> `" r WHBREAS, Borrower and Lender have agreed that any rents and -.-.-
<br /> _-� � .�
<br /> _ � � � � profite attribntable to the property should conetitute additional __ _____�_
<br /> �`'�' ° � . security to the Lender for the payment of the Note;
<br /> ��
<br /> ; �
<br />'-=�_�.� � , �"� Now, TH�REFORE, it is aqreed that the Security Instrwnent �:4`=�___-.
<br />- `; ' �'� �" ehall be emonded' bereby and deemed �o inalude the following pro-
<br /> �,.� vieione s ----
<br /> �� � � Rents and Lender Renta� Co> >ectio Riahts. � �-
<br /> , � 1� �'� ditionall aesigns all renta, ---.
<br /> �-�:� �� � �� Borrower hereby abeolutely and uncon Y
<br /> -- ,• iesues and proEits of the property to Beneficiary. Lender shall �w��=
<br /> �� �' �.� ��; have the right, power and authority during the continuance of the
<br /> .. — _-- - -� sQCarity Zt:�tzum�nt Lo cnl lact tha rcntc, issues and profitrs �f _�+ _
<br /> the property and of any personal property located thereon with or
<br /> `"� •� without taking possession of the property affected hereby. �
<br /> '�`�� " Lender, however, hereby consente to Borrower's collection and
<br />_• �.;a,,. � retention uf such rents, iaeues and profits es they accrue and •'�'
<br /> �• . become payable, so long as Borrower is not, at such time, in .,;
<br />__ - default with respect to payment of any indebtedness secured �i�. V
<br /> -. ,� . � hereby, or in the performance of any agresment hereunder. ��_
<br /> _ � � If any event of default in !'���•,~�w `
<br /> :�_• .,.. 2. �no;ntmen� o Rece ver. �-_
<br /> respect to the Security inetrument ehall have occurred and be �.�_..�--
<br /> ;° � � � � continuing, Lender, as a matter of right and without notice to n��,-�R.
<br /> � '°�°��� � Horrower or anyone claiming under Horrower, and without regard to
<br />,%,. �� � � the value uf the trust estate or the interest of the eorrower �„
<br /> �x . ., 't�• - -
<br />-.�;. � , therein, shall have the right to apply to any court having iuris- ai,:,T -
<br /> , '�� ° dictian to appofnt a receiver of the property. .
<br /> :i
<br /> �I 3. Ri aht to Possese on. In case of default in the payment _:�_A..`�
<br /> � � � � • of the said principal Note or interest, or any part thereof, as � . . _
<br /> ' � w.. it ehall mature, or in the case of failure to keep or perform gny � ��
<br /> - �;. of the covenante or aqreemente contained in the 3ecurity Instru- ��'� �� ��1�,�"
<br />'';��•« ` -��`'�� � ment, then the Lender, its succeseors or assigne, shall be and is �
<br /> :," , hereby authorized and empowered to take immediate possession of �
<br /> r � � the said premises therein described and to collect the rents
<br /> � �'� therefram, and to apply the procseds thereof to the payment af ;��
<br /> � the Note. �. . .
<br /> �;
<br /> t_ �
<br /> 4. �p�{�at;on vf itente. Issues and__Pro�lfe. All rents .
<br /> . collected by Lender or the recei�ver shall be applied first to
<br /> - payment of the costs of management of the property and collection .
<br /> , � of rents, including, but n�t limited to, receiver's fees, premi-
<br /> ,�, ume 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 shall be liable to account only for those rents actually .
<br /> - �-" received.
<br /> 5. �^*�etrLCt{on of Prov;sions. Each of the provisions con-
<br /> � � tained in this Assiqnment of Rente Rider and the Security Instru-
<br /> • ment shall, unless otherwise s�pecifically required, be construed
<br /> � �� in accordance with Nebraska law, and in the event any provision
<br /> herein or therein contained shall be determined by a court of
<br /> competent jurisdiction to be unenforceable, the same shall be
<br /> - canstrued as though such unenforceable provision were nvt a part
<br /> , hereof or thereof.
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