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<br /> - ,_- _ � Y�;�:-:,� ' 92— �tQs��' - - -=�
<br /> .�,�t,... ;'.. .. AS$T(3NMFNT OF RENTB_RIDER .
<br /> � h , ^'� �~ .� THIS A99I(3NMENT OF R�NTB RIDER ie made and exeauted thie
<br /> ', �:,,��;: �
<br /> �•.�._: . .. • .
<br /> . ..•� � 22ND day of J '•� , 19 92, and ie l.naorporAted� into and ehall
<br /> � • � �� • • be�eemed to emend an supp'�ment the Mortgage or Deed of Truet, __
<br /> '� �`��•� •���� hereinafter referred to as the n9eaurity Inetrumentn, af the same --
<br /> � -�� date given by the undersigned, herainafter re�erred to as the � -- .� _
<br /> '�`�`�•� � ` s ��Borrower��, to secure Borrower's indebtedness, hereinafter
<br /> ' ,� referred to as the "Note", to HOME FEDERAL BAVINGB AND LOAN
<br /> -�: . , .. . . .
<br /> •„_�:V, ° A880CIATION OF GRAND ISLAND, hereinafter referred to as the _
<br /> ,�. , . .�.,rt{��
<br /> =� � � „ , �: ��Lender", o� the same date and coverinq the property described ia
<br />-� � '=.-,;;� the Seaurity Inetrument and located at:
<br /> � q�a..a;e; ` � � � 1711 COVENTRY LANQ. GRAND ISLAND, NEBRASKA 68801
<br /> = �. ' (Property A reee)
<br /> =,t� �
<br /> .�' .
<br /> �"� � WITNE8f3ETHt
<br /> =`i' � : �� WHBREI►e, Horrower end Lender have agreod that any rente and
<br /> -.r;'., ,_..,.:.�: • ..,._„ �. _
<br /> = profite attributable to the property should consti�ute adc�itional _
<br /> - � aeaurity to the Lender for the payment of the Notef
<br />-�. " � NOW, THEREFORE� it ie agreed that the Seaurity Instrument �;�;;�:�_.
<br /> �• shall be ameadecl'hereby and deemed to include the gollowittg pro-
<br /> _ � - �;;: vieione s _
<br /> ' � �. B,�,OMIAIIt Of RAritB eI1C��°"'�°r Rantp 7 Cn 11 wrzt i nn �dht6. _
<br />- , � " �' eorrowor heseby abeolutely and unoonditionally aseigns all rants,
<br /> . . ° iesues and profite of the property �o Seneficiary. Lender ehall
<br /> � � have the right, power and authority during the continuance o f the
<br /> � _ _ � . � _ •�_
<br /> Security inetrument to collect �he rente, issuc�e snd prafits af ��W_
<br /> � the property and of an personal property located thereon with or =----
<br /> . withou� taking poesee op og-the�property affected hereby. _____
<br /> •..,� Lender, howaver, iier" `�,aonsents to Sorrower's collection and �-���-� .
<br /> � retention of such reat� iseues and• profits ae they accrue and
<br /> � e a able so lon as Borrower ie not, at such time, in �,��=`-"". �
<br /> becom y ---•--�---
<br /> • � � defaultpwith respect to payment of any indnbtednese secured �--�-�`
<br /> :� " �, hereby, or in the performance of any aqreement hereunder. ��_�_
<br /> �, �- .. . - ---
<br /> ; . � 2. 8,poo�ntment of Receiver. If any event of default in _ _
<br /> ). •` � respeat to the Seaurity Inetrument ehall have occurred and be f����;�:
<br /> � �'� continuing, Lender, as a matter of right and without notice to ' '"��` �--
<br /> � � Borrower vr anyone claiming under Borrower, and without regard to - -
<br /> • ° � ' � the value of the trust estate or the interest of the Borrower ,
<br /> � therein, ehall have the riqht to apply to any court having juris- __
<br /> ' diction �o appoint a receiver of the property. ,�:���_.
<br /> �u.4a`_
<br /> ` 3. Riaht to Possession. In case of default in the payment •�=����`=�`
<br /> of the eaid principal Note or interest, or any part thereof, ae 1''``
<br /> . . it shall mature, or in the case of failure to keep or perform any �.� ,~�.�`~.�''
<br /> ., i �;� . .• of the cover�ante or agreements ::ontained in the 3ecurity Instru- •
<br /> .. ment, then the Lender, ite euccessors or assigns, shall be and is �.,...
<br /> . - hereby autt�orized and empowered to take immediate possession of �� �
<br /> �• the eaid pzemises therein described and to collect the rents f
<br /> therefrom, and to apply the proceede thereof to the payment of
<br /> . the Note.
<br /> � �.
<br /> �
<br /> • 4. �c��;aat�on o Rente Iesues and Profits. All renta , •
<br /> . collected by Lender or the recelver ehall be applied first to
<br /> � payment of the costa of management of the property and collection k
<br /> . t of rents, including, but not limited to, recefver's fees, premi- �
<br /> � ume on receiver's bonde and reasonable attorney's feea, and then �
<br /> to the aums secured by the security Instrument. Lender and the
<br /> -� �'- -" � ---" reCeiVer Bhell Ae 3iaDie Lo accvunL oniy i�i �ua,esa iesu�o il�i1�'rYiiii7
<br /> re�eived. �
<br /> 5. �9ns_tr�ct!o o±� Prov�s�ons. Eaah o� the provisions con-
<br /> + tained in this Assignment of Rente Rider and the 3ecurity Inetru-
<br /> ment ehall, unless otherwise specifically required, be construed
<br /> ' in accordance with Nebraska law, and in the event any provieion
<br /> i herein or therein aontained shall be determined by a court of
<br /> competent juriediction to be unenforceable, the same shall be
<br /> • construed ae though such' unenforceable provieion were not a part
<br /> hereof or ttaereof.
<br /> ' ,
<br /> , � . �
<br /> , 1 .
<br /> �t • __
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