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<br /> �'�'�j��' � � � t �Q I W6
<br /> � 1►89IONM�NT OF RENTB AIDL_R (�Z�.•
<br /> <}•:�
<br /> �"`�`� ' � THiB A88iaNMENT OF R�NTB RiDER ie meda and exoautad thfe
<br /> " � '� ' � 3rd dey of Au ust , 19 9 end ie incoxpoa�ated into and ehell
<br /> ' �,.;:•:,•�.- ;�, `ie deemed to eman en oupp�ment the Mortgega or �eQdoffthe seina
<br /> � � hereinaftier roferred to es the Security xnetrumen ", � _ _,�L_
<br /> �+�+r��R-.<�'„�'�., a-;� date qiven by the underaigned, hereina�fter referxed to ae the -
<br /> " ''�"'" `� __�.�-� nBorrower��, to eeaure 8orrower'e indebtedneee, hereinafter
<br /> � " ° referred L., ae tihe MNoten, to HOME FEDERAI, BAVINt38 AND LOAN
<br /> ,��_ ` „ A880CIATIUr1 OF aRAND ISLAND, hereinafter referred tv ae the
<br /> �� � ��Lender", of the eame date and covering the property desaribed in
<br /> ---��=- �•� � : � '` "� ' the Seourity Instrument and located at:
<br /> . ���.
<br /> �.�ai ,•�. �� :.. t
<br /> --,--� • 60? S Broadwell Grand Island. Nebraska 68601 �
<br /> �::
<br /> —,��,� � (Property A ress)
<br /> �'�: ' .
<br /> - • � WITN�88�THs ,
<br /> �� WHBRISAB, Borrowor �nd Lender have ac�reAd thet any rente and � ���� �°'—_
<br /> � profits Attributable to the property should aonetitute additional ��''r`LLY�-
<br /> _ � � sec:��r�ty t � the Lender for the payment of the Note;
<br /> ��'^_
<br /> ' `� NoW, THEREFORE� it ie agreed that the eecuri�y Instrwnent --
<br /> � ��'� ehall be araendod' hereby and deemed to inalude the �ollov�iag pro- �.�„�.-_-
<br /> . .. `.�:� vieiones -
<br /> . .; :�. �,,�"�_:
<br /> " 1. Aes�a�ent of Rents and Lender Aental Collection Riah�e. -----�-_
<br /> � � . � � � Horrower hereby abeolutely and unconditionally aseigne all rente, �"'"=�'=-`-
<br /> .. �;� iseues and profits of the property to Beneficiary. Lender shall
<br /> -- �� � have the right, power eud au�hority during tha cantinuence of ths� �=::�:��.�:�x�.; '-�
<br /> ° � ' security Inetrument to collect the rente, iseues and profits of �'
<br /> � the property and af any pereonal property located thereon with or �
<br /> without taking poesession of the property affeated hereby. �.�_--�--
<br /> Lender, however, hereby consents to Borrower's collection and °� -'�'r= -._
<br /> " retention of euch rente issues and profits ae the accrue and �`
<br /> � y � �_,,;:r .;.:---..
<br /> �� become pay able, so long ae Borrower ie not, at such time, in ��,.:i:�:'.::."'- _..
<br /> � � � defeult with respect to payment of any indebtedness secured � '�� ��
<br /> ; hereby, or in the performance of any agreement heraunder. �--=
<br /> � . ����:
<br /> r.-:
<br /> • . 2. Anaointment of Receiver. If any event of default in x
<br /> �- ' . .. respect to tha Seaurity Inetrument ehall have oacurred and ba �•-=,�:'
<br /> � continuing, Lender, as a matter of right and without notice to �� R� ��'::,._
<br /> � � w�^ � Borrower or anyone claiming under Borrower, and without regard to ,:.:+1.� �:_
<br /> � �; the value of the truet estate or the interest of the Borrower
<br /> " � � � . therein, shall have the right to apply to any court havinq juris- • ��, "`
<br /> diction to appoint a receiver of the property. ����v;:: �
<br /> .. 3. Riqht to Posseseion. In case of default in the payment
<br /> • .,
<br /> vf the said pr3.naipal Note or interest, or eny part thereof, as . .._.
<br /> � it ehall mature, or in the case of failure to keep or perform any 6'� •.-.
<br /> � ��� � of the covenants or agreements contained in the security instru- I�'
<br /> ment, then the Lender, ite euccessors or assigns, ehall be and ie �
<br /> hereby au�l�oYized and empowered to take immediate possession of .
<br /> ; � the said pr.emises therein describe� and to collect the rents
<br /> therefrom, and to apply the proceeds thereof to tha payment of
<br /> the Note. ��,
<br /> �
<br /> 4. Aoolication o� Rents. iesues and Profite. Al1 rents �
<br /> collected by Lender or the receiver ehall be applied first to
<br /> payment of the costs of manaqement of the prvper�y and collection
<br /> �' of rents, including, but nut limited to, receiver'e fees, premi-
<br /> ; ume on receiver's bonde and reasonable attorney's fees, and �hen
<br /> — - - . . .J a.� a.t.� A L... at... e........Jb.. T....�-..�.......r.4 ��«.i...� .°r::.a�. .*.y:.°.
<br />- _ .. .--' ' " 4V 4�1Q OWI�O OOVMLVM Yr 4ra�0 YOVM.4iYr iuulraW��v���• ��M�r
<br /> receiver ehall be liable to account only for those rents aotually
<br /> re�eived.
<br /> : ' S. �onstruction of provisione. Laah of tha provisione con-
<br /> � � tained in this Assignment of Rents Rider and the BQCUrity �nstru-
<br /> • ment shall , unless otherwise Apecifically required, be conetrued
<br /> in sccordai�ce with Nebraeka law, and in the event any provision
<br /> herein or therein contained shall be determined by a court of
<br /> � , ��� ' competenti jurisdiction to be unenforceable, the eame shall be
<br /> ' construed as though such' unenforceable provieion were not a part
<br /> � ' hereof or thereof.
<br /> ; � i
<br /> E• ' - , , 1 ,
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