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<br /> ' " ' � `"` 9-4 IFAiViILlf EtiD� �$_ �Q��� ' �'Y
<br /> `°' � (Asstgnment of Rer�ts) .
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<br /> ° THIS t�FA�IAILY R1DER ts made this 18t day of Des�mber . 1997 �and is incorporated into artd shaU be , � � � '�' " .
<br /> •' deemed to amend and supPlement the�JloRgage.Oeed of Trust or Securiry Oeed(the'Securiry InstrumenY)of the same date given by �
<br /> �. �rr ` • Ute urldersi�ed lthe•Bortower)to secure Bor�wer's ntote to TRe Gverland Hatlonaf Bantc of Grand Isiand ;� . `�
<br /> , (the'Lende�'l �-
<br /> ` ' + desenbed tn the S tnstrumern an0 tocated at ' - � �'
<br /> c : �.1 of the Same date and Covedng the Properly �MY -
<br /> � .� 1613 North Ct�arn S� �rand Island Q�abraska 68801 . .
<br /> ` ,�`--.:� �aroverry aamres��
<br /> - ` 1-�4 FMAILV COVElVAi11TS.In addtion to the covenar�ts a�d agreementa made in the Security Instn,men�eorrower end Lender
<br /> ,, turther eovenartt and agree as taVows: ,.{ -,,
<br /> {1. ADDi'PIONA�PROPERTY SUBJECT TO THE SECURI7Y IfliS7RUMENT. In addition to the Properiy deseribed -
<br /> 'e � • in the Security tnsttum�t.the foUowfig items are added to the PropeRy desuiption.and shall atso constitute the Properly covered 6y the .�•Y�p
<br /> . . . c� Security InsWment• building materials. apPUances end goods of every naLire whatsoever now or hereafter Iocaied in. on. or used. or
<br /> � intended to be used in connedian wfth the PropeAy. inctudm9. but not Wn�ted to, those tor the purposes oi supplyirtg ar dlsfi'6ufi►g , -
<br /> � heating, cooQng. electriary. gas,water. alr and Gght,fue preveirtion and exUnguishfn9 aPDaraUu� SecuritY and aceess cantrol apparaU�s.
<br /> ` . p!umbing.bath tubs. wffier he�ers. water dosets.sinks. ranges.stoves. reirigerato�s� dishwashers. d�sposals,yvashers. dryers,awnings. - ^`
<br /> ' stortn windows, storm daors, saeens,bfmds, shades, euRains and eurtain rods.attached mirtors. �abinets. panelling artd attached floor �.
<br /> � � covarings new or hereafter attaohed to the Property, a0 of which, indud'ing reptacements artd additions thereto, shap be deemed to be �;,�F, "
<br /> ' and remain a part o4 the Froperiy covered Dy the 3ecurity tnstrumerrt. AU of the foregaing together with the Property desaibed 'm the : .�`.:�-.._:.-'-
<br /> ' , ` Securiry ins6uineet(ar the leasehaid esiate H the Sacurity:nstrument is on a I�sehol�ere referted to in this 1�FamIIy Rid�and the -_ -__ __
<br /> •,:' Securiry Instrument as the'Prapety". , :°`�' • ` -.
<br /> �` � B. USE OF PROPERTY; COMPUM[CE WiTH LAW. Bortower shaU not seek,agree to or make a change in the use of : ��
<br /> the Properly or its 2oning c(assiftcaUon, uNess Lender has agreed in writlng to the change. Borrower shall compty with alf laws. �t:-., :'�'
<br /> � ortLnances.regulations and requirements of any govemrrtentai bo�1Y aPPflcable to the Properry. `"�. � .�:;
<br /> ' ' C. SUBORDINATE UENS. Except as permiited by federal Faw, Borrovrer sha0 not aAow any Gen irtterior to the Securily
<br />--._ • .. :_.r: InsE�umeM to be pededed aga(nst the Properry witho�t Lender's prior written permission. _ ;; ;_
<br /> � ;.°'i p, pENT LOSS INSURA�ICE. Borrower shad maintain insurance agafnst rent loss in addtion to the other hazards far which �. _._.—_.
<br /> •. tnsurance is requUed by UnHartn Covenant 5. . _ __.
<br /> � • � E. "BQRROWER'S RIG�iT TO REINSTATE"DEl..�TED. Unitorm Covenant te is delated. � � --
<br /> ' • � F. BORROWEFi'S OCCUPANCY. Untess Lender and Borrower othwvvise agree in writing, the first serttence in UnHorm '� ��:�.,.:_,•
<br /> Covenant 8 conceming 8orrower's occupancy ot the Froperty is deteted. All remaining cowenants end agreements set foRh In Unitortn -�,�.
<br /> .: .. '';�.`. Covenaitt 8 shall remafi in effed. `:`.:� ."�°"m .
<br />' • " � � ' �i. ASStGNI4�EM'OF LEA5E8.Upon Lender's request, Bonower sha0 assign to Lender all leases af the Property and all _..... _: '''�:
<br /> � . • security depos�s mada in connectfon with leases o1 the PropeRy. Upon the assignment, Lender aha11 have the rfght to mod'dy,extend or 1 . - ��`'_�'°'—�
<br /> � � terminate the e�sting teases and to execute new Teases. In Lende►'s sole disaetion. As used in this paragtapfi Q,the word 'lease' ; _—__
<br /> �; � ..._ ., shaU mean'sublease'H the Security InsGumecst is on a Ieasehold :4•�"'"';, • -�
<br /> ' • � H. AS.SIGNMENT OF RENTS;/1PPOINIMENT OF RECEN�R; L.E[�1DEfl [N P05SESSION. Hortower absolutey `s r:,, -r-
<br /> ' �"�� .�.� and uncond'�donally assigns end transfers to Let�der alf tlie reds and revenues ('Rents')of the Property,regatdless of to whom the Rents t 4t,'
<br /> •. � of the P�operty are payable. Borrower authorizes Lender or Lender's agert� to eoUec! the Rents, and agrees that each tenant ot the . ' •?,���,
<br /> ;�,• • � �',;, Property shall pay the Rents to Lender or Lenders agents. Howave►. Borrower shall recetve the Rents until n Lender has ghren Borrowar �-��
<br /> ,; �� ° + noUce ot de(auft pursuant to paragraph 21 of the Security Instrument and n lender has given noUce to the tenartt(s)lhat the Renb are --
<br /> � ' � to be paid to Lender or Lender's agerrt. This assi�mertt o1 Rents constitutes an ebsotute assignment and not an assignme.nt for . �''•'�
<br /> � add'ittonal securily only. . ,. �'•,�
<br /> � N Lende►gtves rtoUce of breach to Borrawer.n all Rents received by 8orrower shall be held by BoROwer as trustee for the benefA of �;�_
<br /> , L.enQer onry,to be appfied to the sums secured by tfie Security Inshumer�k p)Lender shall be enUUed to collect and receive atl ot the . � -°��,._
<br /> � � Rents of the Properry: (ii) Barrower agrees that each tenarrt of the Piroperty shall pay a0 Rents due and unpaid to Lender or LendePs " y�y_"`
<br /> � � • egents upon Lender's written demand to tho tenant; (iv) uniess applicable law provides othervvlse, a11 Rents collected by Lender or , . •:;��
<br /> " � Lender's agents shall be applied flrst to the costa of takfng control ot and managing the PropeRy and calleding the Rerits,inchcding,but . __..
<br /> � � - , not Amited to, attomey's tees, recehrers tees, premiums on receiver's bonds, repafr and maintertance costs. insurance premiums, taxes. ;
<br /> ' • assessments attd other charges on the Properry,and then to the sums secured by the Security Instrumenx (v) Lender,Lendefs agents ���:,� � �.a�
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<br /> - - or arry judiciairy appointed receNer sbatl be Nal�le to accoum tor ony those Rents acwalty received; and (vn Lender shafl be entitled to =�+•�' . '
<br /> � have a recelver appointed to take possessfon ot and manage the Properry and cotlect the Rents and profiis derived from the Properry . � ""�
<br /> � wtthout any showing as to the Inadequacy at the Property as securfry. ��"!°
<br /> _ � � � B the Rents of the Properry are no1 suffr«ent to cover the costs oi taking controi of and managing the Propefly and of coltecUng the
<br /> ` Rents any tunds expended by Lender tor such purposes shall become indebtedness o1 BoROwer to Lender secured by the Security , . ,
<br /> ' instrument pursuant to UnHartn Covenant 7. � •
<br /> � '� 8ortanrer represents end war►ants ihat Bortower has noi executed any pdor aui�..ment of the Rents and has aot and will not . . ,"
<br /> • pedorm any aet that woutd prevent LenQer from exerdstng its dgMa under this peragraph. ;
<br /> Len der. or Len de t's age n i s o r a J u d i c i a l y a p polnted recelver, shall not be requlred to enter upon, teke cotrtrol ot or maintain the , .
<br /> •- � • Property betore or after glving noUee of Ce`r:.".t to Borrewer. However. Lender,or Lender's agents or a�udicially eppointed receiver,may .
<br /> � do so at any time when a default occurs. Any applicaUon of Rents shall not cure or watve any defauft or invalidate any other dght or • ,
<br /> ,_ � remedy ot Lender. This assignment ot Rents of the Prc�F::y shall tertninate when all the sums secured by the Sec:.^.y Inswment are
<br /> ' - ' . paid In tutl. - •
<br /> ��,;; � 1. CROS8-DEFAULT PROVISION. eor►ower's defauR or breach under any note or agreement,in which lender has an . .
<br /> ' �' interest ahall be a breacb under the Securfry Instrument and Lender may tnvoke eny ot the remedies pernitt�d by the Security InsVument
<br /> • � � BY SIONINO BELOW. Borrower accepis and agrees to the terms and provislons contained in L�� +- �amily Rider. , • �
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<br /> •;;.'� � � MULTISTATE 1-4 fAMILV RIDER �annie Mae/Freddie Mac Un�torm Instrument form 3170 9/90
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