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<br /> .. �-- -----._ a88IdNMENT �!�' EtENT8 RIDER
<br /> THI$ A88IONM�NT OF ItENTB RID�R io mede end exaau�od thia �
<br /> � '��� ���, �. 15th dey of Ju1 , 2992, and ie incorporated i.nto and ehell
<br /> ���:�=.� � �eemed to amen and oupp�ment the Mortgage or Deed of Truet,
<br /> '�+:..;�: hereinaitier referred to as the pSecurity InetrumentM, of the same —
<br /> ��;a�':+r�f,�� date given by the undQrsigned, h�reinefter refQrred to es the
<br /> �� `.-• �•-= ' Borrower to secure Barrower•e indebtednose, heroina�ter _
<br /> Y. n N �
<br /> ' t` .��� '�y� �'S�r referred to as the "Note��, to HOME FEDERAL SAVINaB AND LOAN
<br /> ;.....��'.X:'�tl�: �'�1re:
<br /> �--� .�•� . ASSOCIATION OF GRAND ISLAND, here�inafter referred to ae the
<br /> �=�'�-�"�—��=�� ��Lender", of the same date and coverinq the property deacribed in
<br /> ���,�.''i�� �-� the 8eaurity Inatrument and ].ocated ats
<br /> '�,y""�"�N.' 228 N. Waldo Grand Island, Ne.braska 68803
<br /> — 7,
<br /> �„_;�,,.;�,,�,�, ti...;' �Property A dress)
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<br /> -_— �.�,..,.,:, .�;,:., WHI�REAB, Horrower and Leader have agresd tha� any renta and
<br /> � ° �. � profits attributable to the property should constitute additional
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<br /> ;..:�;,;�:;, . , seaurity to the Lender for the payment of the Note; --- �
<br /> . �, � � _---
<br /> + �� ` �:ti' NOW THEREFORE it ie a eed that the SeQUrit Inetrument
<br /> " � °� " t�� shall be�maended' hereby r�nd deemed to irrolude the following pro- �`.�
<br /> ' ; vieiones
<br /> � � 1. Asei ent of Rente and Lender Rental Colleation Riqhts. �
<br /> , .. . �� n� Borrower hereby ebeolutely and uncondi�ionally aesiqne nll rente,
<br /> �r, � . � : �.,�., issues and profita of the property to Beneficiary. Lender ahall
<br />-=��=" °. � have the right, power and authority du�ring the continuance of the
<br /> �:�; . " Security Inetrumen� to collect the rents, issues and profits of g._4-
<br /> - - - - .. ` `" �he property and af any p�r�oaal grogerty locatad thsraan with or -
<br /> .,�i� without taking poesession of the property affected hereby.
<br /> � Lender, however, hereby consente to Borrower�s collection and �-
<br />� _ � ��z.. ° n^ ° retention of such rents, iseues and profits as they accrue and ��..
<br /> „ .. become payable, so long as Borrower is not, at such time, in
<br /> � . default with respect to peyment of any indebtedness secured
<br /> � � � �� hereby, or in the performance of any aqreement hereunder.
<br /> � .,�. . �
<br /> �c;: ' ," ��Z`' ,.u:t.. ' 2. 8oaointment of Recetver. If any event of default in —
<br /> ��� " , � respeat to the Security Inetrument shall have oacurred and be
<br /> . aontinuing, Lender, as a matter of right and without notice to
<br /> - � : � Borrower or anyone claiming under Borrower, and without regard to --. =
<br /> , , .,.,... .� the value uf the truet estate or the interest of the Borrower �
<br /> . . . therein, shall have the right to apply to any court having juris-
<br /> ;,;..�. . diction to appoint a receiver of the property. --
<br />_-.M .� ' 3. Riqht to Possession. In case of default in the payment '�'�
<br /> ��4 -- �� . , of the eaid principal Note or interest, or any part thereof, as
<br /> it shall mature, or in the case of failure to keep or perform any _
<br /> � �,:¢;: o# the covenants or agreements contained in the 3ecurity Instru- �T
<br /> ,�,�;.'�=: � ment, then the Lender, its successore or assigne, ehall be and ie �
<br /> ° � hereby authorized and empowered to take immediate possession of
<br /> �,. .
<br /> ' the said premises therein described and to collect the rents � '
<br /> t herefrom, and to apply the proceeda thereof to the payment of �_..
<br /> the Note. �•���`=
<br /> �-,,.- ^ �": -
<br /> . 4. ,8pplication of Rents. Iesues and Profits. All rents
<br /> � callected by Lender or the receiver shall be applied first to �
<br /> .; � payment of the coets of management of the property and collection :
<br /> of rents, including, but not limited to, receiver's fees, premi-
<br /> . .t,. ume on receiver's bonds and reasonable attornay's fees, and then f
<br /> ,� to the swns secured by the 3ecurity inetrument. Lender and the
<br /> j � receiver shall be liable to account only for those rents actually �
<br /> � received.
<br /> .. • 5. Construction of Provisions. Ench of the proviaions con-
<br /> tained in this Assignment of Rents Rider and the security inetru-
<br /> � � '� ment shall, unless otherwise �pecifically required, be construed
<br /> in accordance with NebraskA law, and in the evQnt any provision
<br /> ' herein or therein contained ehall be determined by a court of
<br /> � competent jurisdiction to be unenforceable, the same shall be
<br /> , � canstrued as though such unenforceable provision were not a part
<br /> _ � hereof or thereof.
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