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<br /> . . �ST_ONEIENT OF ASNTS RIDSB . 92••��
<br /> ' T� . THIB ABBIQDIMLNT O�' RENTS RIDER ia medo and oxoautod this
<br /> • "�'''�' 22 day of Jul��, 19 92, and is incorparatod into and shall
<br /> ..a'M y .�� ...
<br /> 'p � � b�oomed to ame�nd supp�emont the Mortqaga or Dead of Truat,
<br /> �'`�`��' heroinafter rQferrad to ae the "Security Ynetrujuent", of the same -� =
<br /> date qiven by the undareigned, hereinafter ref�rred to ae the
<br /> ��r-;; � '"�'' �BorroworM to secure Borrower'e indebtednose, he�oinafter
<br /> .
<br /> referred to as �he "Note", to HOME FEDERAL SAVINGS AND LOAN
<br /> . ��:�•�:-:�.�. � ASSOCIATION OF GRAND ISLAND, hereinafter referred to ae the
<br /> ___ —_ � � °` �" '� "Lendar�, of the same date and covering the property described in
<br /> i�� '� '� the Security IAStruwont and loaatod att --
<br /> ,�_ . �.
<br /> � �� � '" 402 East 14th Street. Wood River. Nebraska 68883
<br /> „�t�s°���::-,:
<br />�•,•. - . . — (Proporty Addsess)
<br />�.�ie •r� µ •
<br /> � ' ' �' ""��-�"+ WI'1'�1s98BTH i
<br /> ;1.�,,: :
<br /> _ —_ '--�=.:-_-: .:.� '
<br /> ' '� � WHBREAB, Borrowor and Lender have agraQd thet any r4nts and =___
<br /> � profite attributable to thQ property should conetituto edditioaal
<br /> ?� ° ., � security to the Lender for the payment of the Note;
<br /> .. . �r�y
<br /> � �� NoW, TBEREFORE� it is agreed that the security instrumQnt
<br /> , .. �.� shall be emandad' hereby and deomed to incxude tho followinq pro-
<br /> -- r��. visions s
<br /> ���� � ' i. Asei aa�!Qnt of ents and Lender Rental Collection Bi�a�hts.
<br /> °�� '� �-� ��: � I Borrower hereby ab�olutely and unconditionally aesigns all rents,
<br /> — ___'�_ ___.�._�W issuQe and profite of the property to Beneficixry. Lender shall
<br /> _�� , , have the right, power and authority durinq the continuance ot the _
<br /> 3ecurity inetrument to collec� the rents, issues and profits of ._��..
<br /> ly� � "' the property and of any personal property located thereon with or
<br /> __— without taking possession of the property affected hereby.
<br /> ---:� ;��,��'� . � Lender, however, hereby consents to Borrower's collection and
<br /> "�:y� retention oE such rents, iesues and profite as they accruQ aad
<br /> -��: , become payable, so long as Borrower is not, at such time, in
<br /> default with respect to payment of any indebtednesa secured
<br /> �ty�"'"��,�:..� hereby, or in the perforaiance of any aqreement hereunder.
<br /> -�. . d. � 2. ADnoi�tment of Recetver. If any event of dafault in
<br /> �`y ' respect to the 3ecurity Inetrumont ehall havo occurrad and be _
<br />�y con�inuing, Lender, as a matter of right and without notice to �,_:,
<br /> -_ �.. � Borrower or anyone claiming under Sorrower, and without regard to
<br /> -- � �; the value uf the trust estate or the interest of the Borrower ��~`°`
<br /> _ � therein, shall have the riqht to apply to any court having juris- i ��
<br /> - � , diatiion to appoint � rQCeiver of the property.
<br /> , �� _...
<br /> .���-• 3. Riaht to Possession. In case of default in the paymeat � �
<br /> `}`"' �� � of the said prineipal Note or interest, or any part thereof, ae =-
<br /> ='"" � � � �� it ehall mature, or in the case cf failure to keep or pertorm any �_.`
<br /> � •- of the covenants or agreements contained in the Security Instru�- �
<br />-� �' � �.;` ment, then the Lender, its successors or aesigne, shall be and is
<br /> .. hereby authorized and empvwered to take imiaediate poesession of
<br /> �. the said premises therein described and to collect the rents �'=-.�
<br /> � therefrom, and to apply the proceeda thereof to the payment of �,..
<br /> the Note. _
<br /> 4. 8ep� ;cat;on of Re ts TssLes anfl Profite. All renta ' �
<br /> � collected by Lender or the receiver ehall be applied first to
<br /> � �� payment of the coets of mgnagement of the property and collection
<br /> of renta, including, but not limited to, receiver's fees, premi-
<br /> wns vn recefver's bonds and reasonable attorney's fees, and then
<br /> �.. �f... �a L.. �.L� u��....t a.. r....a.......ew�. T.vnAnr anA 1�hc
<br />-- -- YV Y3�V 17Y{Np �iVV4LaY l�Ir bl�Ci �70VYLiVr il{�IYLW��v���
<br /> receiver shall be liable to account only for those�rents actnally ,
<br /> � � �� received.
<br /> 5. Conet�uction of �rovisione. Each of tha provisions coa-
<br /> �t tained in this Assignment of Rents Rider and the security In�tru-
<br /> ment shall, unless otherwise specifically required, be construed
<br /> _ in accordance with Nebraeka law, and in the event any provision
<br /> •� � _ herein or therein contained shall be determined by a court of
<br /> compete�nt jurfsdiction to be unenforceable, the same ehall be
<br /> _ conetrued as though such unenf�rceable provision were not a part
<br /> ,. hereof or thereof.
<br /> � 1 f
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