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<br /> - ' ASSIdNMENT OF R,ENTS RIDSR
<br /> � � �� ; b� �.,e�, THIB A88IONMBNT OF RENTB RIDER ia made and exocuta� thie - --
<br /> � 17TH day of JULY , 19�, nnd ie inaorporntecl into and ehall
<br /> {,•`i�::>..:,�,.�.:�.:n
<br /> .,�.=l�.ti. �J_ Ge�eemed to emen�an�supp l-e�nent the Mortgegd or Dead o! Truet,
<br /> _�.�,, � ':;�:, --� hereinafte,• referrad to as the "8ecurity Inetrument", of the eame �__ ,__
<br /> �� M �a�,;� . date giveu by the undereigned, hereinafter referred to as t he
<br /> '+��� � '�� ��Borrower", to eecure Borrower'e indebtednese, hAreina£ter
<br /> ' �t -�s;�;; referred to e8 th6 nNote"� to HOME FEDERAL SAVIN(38 AND LOAN
<br /> `"��� ::• ,,: ASSOCIATION OF (3RAND ISLANU, hereinafter referred to es the
<br /> ''�� ���.�-�: `ti� ' n endern, of the e�tne date and coverin the ro ert described �n
<br /> r � ��,: : L 9 P P Y
<br />� "' =a.�- } the Security �netrwaen� and loaated at: --- -
<br /> � J..�.
<br />��; �,,"�' M� '���` 839 E. PHOE G
<br /> "�`�` Property A rese)
<br /> . �.t«�;a,�t�: —
<br /> '—,�,, � • "�-;�'� WI'1'i1ESSETHt
<br /> '�`".. � wHBEtEAB Horrowor and Lender have agreod �het any rents end � _
<br />•{� � ro f i te a t tr�bu te b le to the pro pert y ehould aonetitute additional �. �
<br /> � �' ��..� security to the Lender Eor the payment of the Notef �_.
<br /> � `y���' . ' L\'.
<br /> .� �� � * . '�' NOW, THEREFORE, it ie agreed that the Security Instrument A�
<br /> '` � " „ • ahall be amended'hereby and deemed �o include the fallowiag pro- �-�-�--�- '"
<br /> ' � � ��. � visions: --�_
<br /> ��wXb-._�
<br /> � 1. $eeienment of Renta and Lende�Itenta Collection Riah�s. �_.--
<br /> � Borrowex hereby absolutely and unaonditionelly aesigne all renta, �..���
<br /> '�- iseues and profite of the property to Beneficiary. Lender shell _ -
<br /> ' " have the right, power and authority during the continuance of the �- __
<br /> . „ � Security Instrument to collect the rente, iseues and profits oE --
<br /> ' � cated thereon with ar �``-'� `
<br /> . the property and of any pereonal property la
<br /> : � without taking posseseinn of the property affected hereby. ������+:',�,
<br /> Lender, however, hereby consents to Borrower�s aollection and �
<br /> �� retention of euch rents, iesues and profite ae they eacrue and ---- �
<br /> � " become payable, so long ae Borrower is not, at such time, in �.____
<br /> � : :�„ default w ith respect to payment of any indebtedness secured ���_..
<br /> � - , hereby, or in the performance of any agreement hereunder. ���-�_
<br /> ���:_
<br /> '-.._ . - .. �•����-
<br /> � 2. Atroointment of Receiver. If any event of default in r:•
<br /> �� , respect to the 8eaurity Instrument sha�ll have oocurrod and be �• ..�
<br /> ( • continuing, Lender, ae a matter of right and wi�hout notice to �
<br /> „�,� eorrvwor or anyone claiming under Borrower, and withou� regard to
<br /> I, ' � � the value of the trust eatate or the intierest of the Borr�wer � � � -.r
<br /> � • therein, shall have the riqht to apply to any court havinq juris- ��;
<br /> ° diation to appoint a recefver of the property. � ���'��'� _
<br /> , _T.:-.
<br /> , ., 3. Right to Possession. In case of default in the payment � "'-
<br /> ..o: --�-
<br /> � of the seid principal Note or interest, or any part thereof, es :<�.
<br /> � . ' it ehall mature, or in the case of failure to keep or perform any � _.
<br /> kof the covenante or aqreements contained in the Security Instru- � "
<br /> �� mant, then the Lender, ite successors or assigns, shall be and ie :
<br /> �� hereby authorized and empowered to take i.mmediate possessiQn of ��
<br /> � ttie said pr.emises therein described and to collect the rents :
<br /> � therc�from, and to apply the proaeede thereof to the paymen� of �
<br /> � the Nate. ,
<br /> t.
<br /> �� 4. AQnlication of Rente. Iseues and Profits. Al1 rents � • �
<br /> collected by Lander or the receiver ehall be applied first to
<br /> ' � payment of the costs of management of the property and collection !
<br /> !- of rente, includinq, but not limited tv, receiver's fees, premf-
<br /> __ .,� _____ ums on receiver's bonds and reasonable attorney's feea, and then
<br /> -� ---� - to the sume securod by the Securi.ty inetrument. Lender and tne
<br /> � receiver ehall be liable to account only for those rente ectually
<br /> reCeived. '
<br /> 5. �onstructiion of provisiona. Each og the provieions con-
<br /> � � tained in thie Aseignment oP Rente Rider and the security Inetru-
<br /> ment ehall, unlase otherwise specificelly required, be construed
<br /> ; in accordance with Nebraska law, end in the event any provfsion
<br /> herein or therein contained ehall be determined by a court of
<br /> competient jurisdiction to be unenforceable, the eame shall be
<br /> • . conetrued ae though such' unenforceable provieion were not a parti
<br /> • hereof or thereof.
<br /> �, ; . 1
<br /> �
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