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<br /> � THIS ASBIONMENT OF RENTB RIDER is made and exaauted thie
<br /> "� ° ��y ' STH day of AuGUST , 19�, and ie inaorporatad into and ehell
<br /> � . � .. t '
<br /> � ie •�� °`� ���� fe deemed to emen' nn eupp ement the Mortgage or Deed of �ruat,
<br /> � ;� W : . � _.
<br /> ; - �� �::�-:4 ••-- hereinafter raferred to as the "Securi�y Inetrumentn, of t e eame
<br /> '��� � � date given by the undereigned, hereina�ter referred to aa the _
<br /> '" �' ��Borrower", to secure Borrower•s indebtednees, hereinafter
<br /> , �' � ,. �,:: .:� referred to ee the "Noten� to HOME FEDERRL SAVIN(38 AND LOAN __
<br /> -_ � � ASSOCIATION OF GRAND ISLAND, hereinafter referred to as the �._
<br /> `�-•�Y. ��Lender��, of the same date and covering the property deearibed in
<br /> �_=�� � the Security Inetrument and located at: �_-�----
<br /> ;�:— , . .r.
<br /> -== , � � ''' 3361 N. WEBB ROAD, GRAND ISLAND, NEBRASKA 68803 •
<br /> �. , ��; _:
<br /> =��� (Property A ress)
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<br /> �� WITNEBS�THs
<br /> � r- ., _ �'- _.. � -- - -
<br /> ; WHEEtB.►e, eor�rnwar and Leader heve aqrAed that eny retztie and
<br /> '' � � profits attributeble to the property should aonetitute additional
<br /> . security to the Lender for the payment of the Note; ��
<br /> � ` NoW, THEREFO1tE� it is agreed that the eaaurity Inetrumeat
<br /> .. ° ehall be a�aendod'�hereby and deemed to includa tihe follo�iag pro- -
<br /> ' vieianes
<br /> ,
<br /> �• �.� 8pp��*•+meat of Rente and Lender Rent81 Collectioa�ahts.
<br /> �" • Horrower hereby abeolutely and unaonditionallp aesigne all ren s,
<br /> _—---- iaRUes and Qrofite of the property to Beneficiary. Lender shall
<br /> have the right, power and authority during the continuance of the
<br /> ° � security Instrument to collect the rente, iseues and profits of _
<br /> the property and of any pereonal property located thereon with or _
<br /> � wi�hout takinq pvssession of the property affected hereby.
<br /> � Lender, however, hereby consente to Borrower•s collgction and
<br /> retention of such rente, iesues and profits ae they accrue and
<br /> become payable, so lonq as Borrower ie not, at such time, in -
<br /> � - � � default with respect to payment of any indebtednese secured �=__.
<br /> } hereby, or in the performance of any agreement hereunder. _
<br /> I• ' „ � --
<br /> 2. �oointment q� Recetver. If any event of default in
<br /> � . ^ respect to the Security inetrument ehall havs occurred and be ---,.�.,,
<br /> ; � continuing, Lender, as a matter of right and without notice to
<br /> ( � Borrower or 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 right to apply to any court having juris- ,.A.-
<br /> diction to eppoint a receiver of the property. � --•�-
<br /> � '•'"��
<br /> ,. . �� . �.:�,
<br /> 3. giaht to Posseseion. In case of default in the payment
<br /> „ ��� of the saiJ principal Note or interest, or any part thereof, as �
<br /> .. , �� it ehall ma�ure, or in the case of failure to keep or perform any �
<br /> � � of the covenants or agreements contained in the Security Instru-
<br /> � ment, then the Lender, its successors or assigns, shall be and ie
<br /> hereby authorized and empowered to tAke immediate poeseseion of
<br /> � �� the 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. �ti � a �gn o� Rente. Issues and Profite. Al1 rents 1 �
<br /> collected by Lender or the receiver shall be applied first to
<br /> � • payment of the coste of manaqement of the property and collection
<br /> ' of rents, including, but n�t limited tv, receiver's fees, premi-
<br /> ._ . �,� _ ume on receiver�e bonds and reasonable attorney's fees, and then
<br /> � � to the suma secured by the 3ecurity Instrument. Lender anci tt►e
<br /> receiver ehall be lieb].e to account only for those rents actually �
<br /> � . recefved.
<br /> 5. Constr ction of Provieions. Each of the prnvisione con-
<br /> ` tained in this Aseignment of Rents Rider and the Security Instru-
<br /> merit shall, unless otherwise specifically required, be construed
<br /> in accordance with Nebraska law, and in the Qvent any provision
<br /> herein or tharein contained ehall be determir�ed by a court of
<br /> competent juriediction to be unenforceable, the eame ahall be
<br /> conetrued as thauqh auch' unenforceable proviBion were not a part
<br /> � � hereof or thereof.
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