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ASSIQNMENT OF RENT8 RIDER A�1�1O��0 <br /> �'. ._.- 7L <br /> ` � � THIS ASSIaNM�NT OF RENTB RIDEtt ia made and oxaauted thie <br /> , "r ° ; 20TH dey o.f JULY , 19 92, end ie inaorpora�ed into end ehal l <br /> ° ��� .,�.,. � �deemad Lo atn aen ana-supp�ment the Mortqege or Deed o� Truet, <br /> � hereina#ter referred to as the ��Seaurity Inetrument", of the sane �"'�� <br /> , i � � ��� �:'� date given by the underaigned, hereinafter referred to ae the � v..-��_ <br /> .:�'"`° - � " �;� ��8orrower��, to seaure eorrower's indebtednQes, hereinafter <br /> '� `� "` referred to ae the ��Note��, to HOME FEDERAL BAVIN(38 AriD LOAN <br /> � '� "� ASSOCIA�ION OF (3RAND ISLAND, hereinafter referred to ae the - <br /> `- °� � �' � T "Lgr�►der��, of the eame date and covering the property de8cribed in � <br /> --�-:.�_. • � „ ��' the 8eaurity Inetrument and located at: <br /> '�-��� � ` 1607 NOFtTH PARK, GRAND ISLAND NE 68803 <br /> -�. , <br /> , �e, . <br />_�/lf ' .. (Property A drese) <br /> �"�'_Y� �.��� . <br />,��.. . <br /> . WITNESSETHs <br /> .,��` � _ ��' •� W+tSREA!�� Borrower end Lender hdve agreed that any rents and <br />� � profits attr.Ibuta,�l.: to �he .property ehould constitute additional _ <br /> security to the Lender for the payment of the Notej <br /> � " �'' NoW, THEREFORE, it ie agreed that the Security Inetrument =•_ <br /> �, .�� shall be emended'hereby and deemed to inalude the following pro- <br /> j� vieionss r T <br /> � 1. Ase�q�ent of Rente and Lender Renta C Llection Riahts_. ` <br /> � " HorrowQr heraby abeolutely and unconditionally aesigne all rents, �� �` <br /> iseues and profite of the property to Beneficiary. Lender shall "�_ <br /> :`�______ ha�re thA right, power and authority during the continuance of the �;t;.-��y, <br /> • Security Instrument to collect the ren�s, iseues and profits of <br /> �he property and of any personal property located thereon with or �_____ � <br /> • _, without takinq posseasion oF the property affecteci hereby. <br /> � - Lender, however, hereby consente to Borrower�e collection and �-=-�--�_ <br /> '� retention ..f such rents, iseues and profite as they accrue and ° n��::,._ <br /> become pay�ble, so long as Borrower is not, at suah time, in '� <br /> , defgult with res ect to payment of any indebtednese gecured �- J . 'A <br /> , ., p �._�a.,. <br /> � , hereby, or in the performance of any agreement hereunder. �:-.�w.w�_-�_- <br /> � � ti 2. 8000{*±�men*_of_Rece iver. I f any event of default in „_ <br /> �' � respeat to the Security Instrument ehall have occurred and be .. <br /> 7¢ _; continuing, Lender, as a matter of right and without notice to i � <br /> � . . eorrower or anyone claiming under Horrower, and wi.thout regard to ,�;r«�.4 . <br /> ' � � � � the value of the trust estate or the interest of the Borrower ,� ,� <br /> r:� , '� therein, shall have the right to apply to any court having jurie- � --. <br /> ,. diction to 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 par� thereof, as _ _ <br /> � � �� it shall mature, or in the case of failure to keep or perform any ``�: <br /> � „ of the covenants or agreements contained in the 3ecurity Instru- �� <br /> ment, then the Lender, ite successore or aseiqns, shall be and is <br /> � hereby authorized and empowered to take immediate possession of � <br /> the sa3.d pr.emises therein described and to collect the rente `' <br /> � therefrom, and to epply the proceede thereof to the payment of <br /> the Note. <br /> 4. �in�{cat�nn of Rents. Issues and Profits. All renta � <br /> collected by Lender or the reaeiver shall be applied first to <br /> payrnent of the costs of manag�ment of the property and collection <br /> � of rente, including, but not limited to, receiver's fees, premi- <br /> ume on receiver's bonde 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 aacount only for those rents actualiy <br /> re�eived. <br /> 5. Construction of Provisione. Each of the provisions con- <br /> ` tained in thie Aseignment of Rente ttider and the 8ecurity Inatru- <br /> ment ehall, unless otherwise specifically required, be conetrued <br /> in ac�ordance with Nebraska law, and in the event any �rovieion <br /> herein or therein contained shall be determined by a court of <br /> competent juriediation to be unenforceable, the eame shall be <br /> � construed as thnugh such' unenforceable provision were not a part <br /> hereof or thereof. <br /> .� I � <br /> p � � 1 <br /> � <br /> . � , <br />