|
v;�r ! ",� � : � .r�t.::.�i� 'v'`h-7` 1 . �rn�.r .. -- _
<br /> ,,' ' , : __ ____
<br /> • t '
<br /> ..,, ._. . �: I 1.
<br /> :�� ��`�fS.. a...p. ���!M-t�C tk � - a.-a I I • . . u,,,4,�4 .._,Lr•L�...-
<br /> . ',# �• ' .� •.4,� 11'�_A -l�.;_'�.?."nt�--r[� - _'-"..- ---
<br /> � nr ` �M �,1�.a. _— __ . _-_- �_ ...�.-..
<br /> _ S '�' ''� .f • w�'�•s� J l ���" r _ �'-
<br /> � � . .�t•� �. - .._.._ -. _
<br /> ' •,(' . ...-_
<br /> �,N.� .�{:_..-. •.r- . • ��.
<br /> � � . � • 92 1��63
<br /> ;�... ,:. . --
<br /> -. .,t->-,e.m"__� � �
<br /> ��..__ __- -
<br /> .. _ ..
<br /> �;'+. � . � � ASSI(�t�YMENT OF RENTS RIDEIt �=°°_--
<br /> , ,x�r.
<br /> -'"��'=-�-��-� THIS A88I(iNMENT OF RENTB RiDER is mnde and exocuted thie
<br /> � ��� �_ day of , 1992 , and ie incorporated into and ehall
<br /> . ,�;:,�4� .�.,�_ .� •� be deemed to amen en aupplement the Mortqaqe or Deed of Trust,
<br /> � hereinditer roferred to ae the "Security Inetrument„, pf the sAme
<br /> T,4�a , �.•,�,��s da�te given by the undereigned, hereinafter referred to ae the �� �-�-�-
<br /> �Horrower", to secure Sarrower�s indebtedn�se, hereinafter
<br /> �� `'`'i`�.� ,1'�.`',' ` referred to na the "Note", to HOME FEDERAL SAVINGS AND LOAN
<br /> �.__� :�.:;._ ���:.�� ASSOCIATION OF GRANA I8LAND, hereinaEter referred to as the
<br /> — ,�,� "Lender", of the eame date and coverinq the property desaribed in
<br /> �: , �. , the 8ecurity Instruuaent and located ats _^ _
<br />� �' ;� ----
<br /> • �.. 2126 N. Howard, Grand Island. 1VE 68803 _
<br /> ,, , (Property Address)
<br /> ��,
<br /> ' , WITNESS�THs
<br /> � i �,. .. . �.... �;;,_,.
<br />_ � ., -�...,--�:.::_.
<br /> _ � . • WH$RE118, BarrowQr and Lender have aqreed that any rente and - __
<br /> ��� � • profite attributable to the property ehould constitute additional
<br /> �� , � aeaurity to the Lender for the payment of the Note;
<br /> . � . ��`
<br /> , , NoW, THEREFORE, it is agreed that the Security instrument ='�`"�
<br /> ehall be awended' hereby and deemed to inalude the following pro- �"�"�
<br /> - - - -. - --"�.=.:� vieions: _ -_
<br /> � � -
<br /> 1. Aesiqpment of Rents and Lender Rental Collection Riqhts.
<br /> � •� ' m. Borrower hereby abaolutely and unconditionr�lly aesiqns all rents, ----;,.,
<br /> � � iesues and rofits of the ro ert to Deneficia . Lender ehall �--�f'�
<br /> P P P Y r'Y �� ,'^-
<br /> _ �__ � � have �he right, power and authority durinq the continuance of the -
<br /> 3ecurity Instrument to collect the rents, iesues and profits of ��R
<br /> the property and of any pexsonal property located thereon with or _,�vv,,._
<br />� •�� without takinq possession of the property affected hereby. �-�`=;��-
<br /> „ ,.;•� Lender, however, hereby consents to Borrower's collection and � : .
<br /> retention of such rente, issues and profits as they accrue and �� "-
<br /> °„ � become payable, so long as Borrower is not, at such time, iu . �
<br /> � . ° def�ult with xespect to payment of any indebtedness secured • —
<br /> .. � hereby, or in the performance of any aqreement hereunder. ��_,�,
<br /> �� • -�� . 2. If an event of default in �=ti�
<br /> 00o n men Q ece. ver.
<br /> �• respect to the 3ecurity Instrument shall have occurred and be �►���
<br /> %� ° continuinq, Lender, as a matter of right and without notice to � �=_
<br /> r� Borrower or anyone claiming under Borrower, and without regard to �
<br /> 1 ' � � �� the value uf the trust estate or the interest of the Borrower 4
<br /> • � therein, Rhall have the right to apply to any court havinq juris- a��=�_� ��
<br /> �, . diction to appoint a receiver of the property. ,::�:R
<br /> , . ,.��.�,_.._
<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 , :r
<br /> � .:•� it shall mature, or in the case of failure to keep or perform any = o
<br /> of the covenants or agreements contained in the Security Instru- �` �• �
<br /> - M"'"� . men t, t hen t he Len der, i ts successore or ass igne, s ha l l be an d is
<br /> hereby authorized and empowered to take immediate possgssion of i
<br /> the eaid premises therein described and to collect the rents
<br /> � therefrom, and to apply the proceeds thereof to the payment of ,
<br /> the Note.
<br /> 4. Agplication of Rents. Issues and Profite. Al1 rents .
<br /> collecte�d by Lender or the receiver shall be applied first to
<br /> payment of the coets of management of the property and collection
<br /> � �. of �ente, including, but n�t limited to, receiver's fees, premi- •
<br /> - � � ume on rec�iver's bonds and reasonable attorney's fees, and then
<br /> 3 to the sumfs secured by �he 3ecurity Instrument. Lender and the
<br /> ___, _ _._—., . '- . �.���t���.� �f'�t 1 L� 7 d�L1
<br /> �_ �� _�'- r_� �z.--- -� '--
<br />� -�- - - �- °- �- � aoa.civaL O�iatt uo �.inNto �.a.+ cl�:a.vat111. ViatY LVL 1.11Vtitl LC11Gti Ft(:LUplll/ '
<br /> � received. '
<br /> 5. Constructifon of Provisions. Each of the provisions con-
<br /> . tained in this Assignment of Rents Rider and the security Inetru-
<br /> ment ehall, unless otherwise specifically required, be construed
<br /> ,. ' in accordance with Nebraska law, and in the event any proviaion
<br /> � � herein or therein contained ehall be determined by a court of
<br /> competent jurisdiction �o be unenforceable, the eame shall be
<br /> construed ae thouqh such� unenforceable provision were not a part
<br /> ..• hereof or thereof.
<br /> • � I 1 �
<br /> ,
<br /> '' i
<br />
|