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<br /> '�����' , , 1188IC3 �NT OF RENTB ItIDER 92r�O61��
<br /> ,;,;�;"'" 's. -
<br /> �• THIS A88IGNMENT OF RENTS RIDER ie made and exaauted thie
<br /> a � , -. �° 9th day og .Iuly , 19 92, and ie incorporeted in�o end ehall
<br /> � � ,,�;;�� ,. > e�deemed to emen�aa �-oupp�ment the Mortgeqe or Deed of Truet,
<br /> � � ,__. ,;,_,,.. �. hereinatter roferred to ae the "Security Inetrument", of the eane
<br /> �"�` - �-� � date qiven by the undersigned, hereinafter referred to as the �--_
<br /> ,��� � ;'���. '
<br /> "Borrower", to secure Horrowor�s indebtednaeo, heroinexEter
<br /> �Y�`�'`�=���� • referred to as the '�Note��, to HOME FEDERAI, SAViN(38 AND LOAN
<br /> . .�, ,,.._:_
<br /> � � , .� . ASSOCIATION OF aRAND Il4LAND, hereinafter referred to as the _
<br /> �� '�Lender", of the eeme date and covering the property described in
<br /> � ;;,.-„', , ''�'� the Seaurity Instruiaent and located at s
<br /> __., .. ..�.. = - - -
<br /> 4138 Arizona Ave. Grand Island� NE 68803
<br /> -=`.��� °o:t �ti�, . (Property Addreae) --
<br /> ��-', : ,. •.. . . ..
<br /> ��
<br /> _ — ,,-_ ..::,�.� .:: ,:�<�;; wi�ESS��a:
<br /> �==�,_ „ . . . �--
<br /> `'` .-. � ° �' ` fvHBREAB, Borrowor and Lender hdve aqreed that any rente nnd i__
<br /> � , profits attributable to the property should constitute additional __
<br />_ . security to the Lender for the payment of the Note;
<br /> ' � NOW, THEREFORE, it ie agreed that the 9eaurity instrwaent �--�
<br /> � ,;� v� °� ahall be amended' hereby and deemed to inc lude the following pro- _
<br /> ; ' , " • visions s �----:-
<br /> , ,.
<br /> � � o , 1. �,se��+ment of Renta and Lender Ret�+al Collection Riahts. �""
<br /> Borrower hereby abeolutely and unconditionally aesigns all renta, �'��-�""
<br /> '''3' issues and profits of the property to Beneficiary. Lender shall
<br /> - _ - � _ have ttxe right, power and authority durinq the continuance of the �„ _._
<br /> • s � security Instrument to collect the rents, issues and profits ot f-
<br /> . the property and of any peraonal property located thereon with or t�� --
<br /> ���;,.,, without taking poesession of the property affected hereby.
<br /> :-±;;. Lender, however, hereby consents to Borrower's collection and �
<br /> � • '��•- .. � retention of such rents, iesues and profite as they accrue and �•"`y'�
<br /> .„ '� become payable, so long as Borrower ie not, at such time, in ----
<br /> � �'`�= default with respect to �ayment of any indebtedneae secured
<br /> � .. Y��� hereby, or in the performance of any agraement hereunder. _
<br /> 4 .. —.
<br /> 2. A000intment of R�eiver. If any event of default in - _ _
<br /> �a. °' � respect to the 3eaurity Inetrument ehall have occurred and be
<br /> ' ��• continuing, Lender, ae a matter of right and without notice to
<br /> � . �� Borrower or anyone claiming under Borrowe r, and without regard to .
<br /> � � � the value uf the trust estate or the interest of the Borrower ��
<br />' . � therein, t:hall have the right to apply to any court havinq juris- �_=_.
<br /> . diction t� appoint a receiver of the property. �_.
<br /> 3. Riqht to Possession. In case of default in the payment = -- -
<br /> " " of the eaid principal Note or interest, or any part thereof, as -�Y_�
<br /> . it ehall mature, or in the case of failure to keep or perform any `��=--
<br /> ' �"' of the covenants or agreements contained 3n the Security Instsu-
<br /> � ment, then the Lender, ite successors or assigns, shall be and is �^�.' n�
<br /> � , � hereby authorized and empowered to take inuaediate poesession of �
<br /> _ the said premises there�n described and to collect the rents '
<br /> �� therefrom, and to apply the proceeds thereof to the payment of �
<br /> the Note. i�'"
<br /> ' 4. 800?ication of Rents. Iseues and Profits. All rents . .
<br /> � . collected by Lender or the receiver shall be applied first to
<br /> payment of the costs of manaqement of the property and collection
<br /> � t of rents, including, but nc+t limited to, receiver's fees, premi-
<br /> .� �� , ums on receiver's bonds and reaeonable attorney's fees, end then :
<br /> to the sums secured by the 3ecurity Instrwnent. Lender and the
<br /> _ - ---- � ._ .: �, .. ,_. :_� ,.�..... �.. 4..et i.. _
<br /> - —""--- "' ,; ' i'@C@1V@L �naii (J13 11l17J1C I.V �l:t.V4lll. Vlii]� ivt �.uvo� T.ou�.v Y�/�rMMii=
<br /> ., received.
<br /> 5. Construction of Provisions. Each of the provisions con-
<br /> ,, tained in this Assignment of Rents Rider and the Securi.ty Instru-
<br /> ment shall, unless otherwise specifically required, be conetrued
<br /> in accordance with Nebraeka law, and in the event any provision
<br /> . herein or therein aontained shall be determined by a court of
<br /> competent jurisdictivn to be unenforceabl�, the same shall be
<br /> , construed ae though such' unenforceable provision were not a part
<br /> l. hereof or thereof.
<br /> � � 1 '
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