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<br /> „ � �. ASSIQNMENT OF I�ENT9 ItIDER •
<br /> �`���� �� ' THIS A88IaNM�NT OF RENTB RIDE[t io made and exaauted thie -- ____
<br /> ` � � . � dey of , 19�, and ie incsorporated into eed ahr�ll 6:�'-"`���
<br /> �•' ' e eemed to emen an eupplement the Mortgege or meed of Truet,
<br /> ; � � : hereinafter referred to ae the nSacurity Inetrumentp, of tihe eame --
<br /> �:� date given by the undereigned, hereinafter referred to ae the
<br /> ..�_.... .. .:
<br /> � -.� . .�•, nBorrower", to secure Borrower's indebtednQes, hereinafter - _-------�-�---
<br /> r.. ,. .
<br /> � �• referred to ae the "Note", to HOME FEDERAL SAVIN(�S AND LOAN �
<br /> • ASSOCIATION OF GRAND IBLAND, hereinaftex referred to as the ,��„�.,
<br /> _T�: ,;,
<br /> �(�* °Lender", of the same date and covering the property deearibed in ��"-'r�'�� '`�v�.�r
<br /> .-:;�,� • �ti,,; � the eecurfty Inetrwnent and locatod at: �,�.—. ,._,__
<br /> ..:�:: --
<br /> � : . . .
<br /> �-_ � ,� ,� 1912 Stolley Park Circle, Grand Island. Ne 68803 -
<br />_ _ "���" � 4 (Property A rese)
<br /> ��i�
<br /> � � � WITNE89ETHs
<br /> :���� „ . . ����
<br /> :��° : � �. �� WHB1tEA8, Horrower and LendAr have �greod that any rents and
<br /> _ . profita attributable to the property should conetitute additionel � 4-
<br /> � security to the Lender for the payment of �he Note; ��,__
<br /> ;,�. � •� �� 3--
<br /> NOW, THEREP'ORE, it is agreed that the 8ecurity Instrument � � .�
<br /> " ',� shall be amended'hereby and deemed �o iaalude the following pro- ��•-�� _ T
<br /> • vieions s �`���-�
<br /> �
<br /> �,, - -• .= _
<br /> �,. nQ,a��.±�._e�__+ of Rents and Lende Rental Collection Riahte. .ti �
<br /> � Borrower hereby ebsolutely and unconditionallp asaigne all rents, �
<br /> �� � � � iseues end profits of the property to Beneficiary. Lender shall _____ _
<br /> have the right, power and authority during the continuance of the
<br /> _ , -_ ^ � _ gQ�uX��Y T�wtrument to collect the rente! iseues and profits of �� '
<br /> , the property and of any pereonal property located �hereon with or :�•�,• �-=-
<br /> ' without teking possession of the property affected hereby. �
<br /> ::� Lender, however, hereby consents to Borrower's collection and ^
<br /> �� retention of such rente, issues and profi�e as they eccrue and �
<br /> " become payable, so long as Borrower is nvt, at such time, in ..��---
<br /> . default with respect to peyment of any indebtednesa secured �"�. �- _
<br /> �� hereby, or in the performance of any agreement hereunder. ='_��;�.:.'-µv
<br /> � .. ,. ;'�
<br /> �� . � 2. 8noointment of Receiver. If any event of default in � 1�:.'�����-
<br /> >> xespect to the Security Instrumenti ehall havo occurred artd be ' ��;-'�
<br /> � continuinq, Lenc3er, as a matter of right and without notice to �
<br />� . Borrower oi anyone clai.ming under Borrower, and without regard to
<br /> � the value �F the trust estate or the interest of the Borrower
<br /> therein, shall have the right to apply to any court havinq jurie-
<br /> ,:.•.�.;;..
<br /> �� diction to eppoint a receiver of the property. -���-;
<br /> , .:;*o;;.
<br /> ' � 3. g�aht to Poesession. In case of default in the payment T'�`�
<br /> ..�tN':.'.'_
<br /> . of the eaid principal Note or interest, or any part thereof, as .. --
<br /> � _..r��
<br /> � it shall mature, or in the case of failure to keep or perform any �Y•-.
<br /> � of the covenante or agreements contained in the Sc�curi.ty Instru- �` '"' '
<br /> mettt, then the Lender, its euccessors or assiqns, shall be and ie
<br /> . " hereby authorized and empowered to take immediate possession of �
<br /> `;�. t!►e said pr.emisea therein described and to collect the rents
<br /> � therefrom, and to apply the proceeds thereof to the payment of '
<br /> .. the Note.
<br /> • 4. Aonlication of Rents. Issues and Profits. All rents •
<br /> •1 colleated by Lender or the receiver ehall be applied first to
<br /> payment of the costs of management of the property and collection
<br /> • of rents, including, but not limited to, receiver's fees, premi-
<br /> , ums on receiver' s bonds and reasonable attorney�s fees, and then �
<br /> to the sums secured by the 3ecurity Inetrument. Lender and the
<br /> receiver shall be liable tio account only for those rents actually
<br /> �� received.
<br /> 5. �onstruction of Provisions. Each of the provieions con-
<br /> � tained in this Assiqnment of Rents Rider and the 3ecurity inetru-
<br /> ment shall, unless otherwise specifically required, be construed
<br /> � in accnrdance with Nebraska law, and in the event any provision
<br /> herein or therein contained ehall be determined by a court of
<br /> competent juriediction to be unenforaeable, the eame shall be
<br /> { construed as though such' unenforceable provieion were not a part
<br /> � hereof or 4:�ereof.
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