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<br /> '�'m''�'�; .: y • �gg pliM�NT O RENTS RIDLR
<br /> ` r.�� •� � � THYS A88IaN�lBNT OF RLNTB RYDER io mnda and ex�autad thie
<br /> � . �• '� 13thday of Jui � 19 97, and i s inaorporeted into end ehall
<br /> �.w,.. .:�e. -� be�eemed to amen en supp�mant the Mortqage or Deed of Truet,
<br /> �,���= � herein�fter raferred to as the "S�curity inetrument", of the same
<br /> - � ���`� ��' �' � dete given by tha undursiqned, hereinafter x�eferred to ae tho r _��_�___
<br /> � i�'��'>�r''���� ��Borrower��, to secure Horrower�s indebtednoes, heroinafter
<br /> ��'� ' �".�°"��^b referred to ae the "NoteH, to HOME FEDERAL 8AVIN(38 AND LOAN
<br /> ,��.�y,�� �� . ASSOCIATION OF GRAND ISLAND, hereinafter referred to as the
<br /> -- T. ��Lender" , of the eame date and covering the property desaribed in
<br /> � , ' o•��- � the Seaurity Ins�rument and loaated at:
<br /> �4 i ° � � e ��. 326 N Grace Grand Is1ARd� NE 68803
<br /> -�—�,,;��x�.,_�,.r� (Property A drese)
<br /> �r�----_`--
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<br /> ��" �X..,,. ,� .• K;�.�' WITNE886THt
<br /> �„ -��- �°�, WHERE7�8, Horrower and Lender bave agreed thet eny rents and �_
<br /> h _ _-�-,�,., � _
<br /> profite ettributaible to the property ehould constitute add � ona �
<br /> � � „a�,,.�.,�,,,;m,,.,� security to the Lender for �he payment of the Note; _
<br /> � NOW, '.�'HEREFORE, it ie aqreed that the 8ecurity Inetrument ^
<br /> ',`�"��` . ��"`� ehail be ntineaded' hereby and deemed to include the following pro- . -_
<br /> - ; :,�.-- .-- visiones �-_---
<br /> ' � 1. 8esi me t of Ren�s and Lender Rental Collection Riahts. __ _
<br /> � � � Borrower hereby abeolutely and unconditionally aseigns all rents, f.�--
<br /> ' � �' iseues and profite of the proper�y to Beneficiary. Lender shall _
<br /> ;, �.: ." :"-�-�
<br /> . _ ��__. .,-:,_�..--��� have the right, power and authority during the continuance of the
<br /> - � •' security instrument to collect the rents, iarsuee ar��cl �,��iiiLe a€ _�`�-
<br /> � � . the property and of any personal property located thereon wfth or —,_,Y_
<br /> ��- without taking possesgion of the property affected hereby. �""��
<br /> Y �. r.pnder, however, hereby consente to Borrower�s col lection and Yl��J=��
<br /> -`�' retention of such rents, iesues and profits as they accrue and
<br /> �:..
<br /> ` become payable, so long as Borrower ie not, at such time, in __ �•• �-
<br /> default with respect to payment of any indebtedness secured _
<br /> �'9 . � hereby, or 3n the p�rformance of aay agreement hereunder. ��"
<br /> ��R�x.e
<br /> � i f any event of default in �=-'"�'�-
<br /> 2.
<br /> j, � .." • respect to the Security Inetrument ehall have occurred and be ��;{�`:�
<br /> •%� • � continuinq, Lender, ae a matter of right and without notice to , , -�
<br /> - � Borrower or anyone claiming under eorrower, and without regard to �-��•�n�
<br /> �, �"^'�` :" " the value u� the trust estate or the interest of ttie Borrower �''='•:�.
<br /> ' . „ therein, Rhall have the right to apply to any court havinq juris- �- --
<br /> � diation to appoint a receiver of the prnperty. �::�_
<br /> .. . ri/��""_--__
<br /> "' 3. Rig�t to Possession. In case of default in the payment - � �°,.�:w_
<br /> � • of the said principal Note or interest, or any part thereof, as . :
<br /> �, � J it ehall mature, or in the case of failure to keep or perform any
<br /> � • of the covenante or agreements contained in the 3ecurity Instru- �"`��` '- -�
<br /> ,�..
<br /> � ''�• „ � o: ment, then the Lender, its successors or assigne, shall be and ie
<br /> � hereby aut.horized and empowered to take immediate poesession of ;
<br /> � the said premiaee therein described and to collect the rents
<br />. therefrom, and to apply the proceeds th�reof to the payment of y _
<br /> '��� � the Note. f
<br /> , „ 4. ,�pnlicat�on af Rents. Iseues and Profits. All renta � .
<br /> collected by Lender or the receiver shall be applisd 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 reasonable attorney's fees, and then ;
<br /> ' to the eums secured by the Security Instrument. Lender and the '
<br /> _ _ _ ..i..,,.. �w�» w` i��tiZe ±� ar�rmnt nnlv for those rants actuallp
<br /> �- .. •-. LV4.rri�IVL -r
<br /> received. '
<br /> 5. �onetrLC�aon of Provisiona. Each of the provieiona con- �
<br /> ' �� tained in this Assignment of Rents Rider and the 8acurity Instru-
<br /> ment ehall, unless othenvise t�pecifically required, be conetrued
<br /> in eccordance with Nebraska ].aw, 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 /> construed as thouqh such unenforceable provision were not a part
<br /> � hereof or thereof.
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