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<br /> .� fi. �,��.� , . . , � �;: : �� 92- 1073�� �--
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<br /> `�,� ' . �►�t82(�NMENT OF $�QLTS RIDSR • .
<br /> � .',
<br /> �" � � -' THi8 A89IQNMENT OF' RENT8 RIDER ie made and exaauted this
<br /> � � '. � 5TH day of AUGUST , 19 92, and ie inaorporated intn end ehall
<br /> � ����j�.�..a'•
<br /> �e�eemed to amend an eupp�ement the Mortgage or Deed of Trust,
<br /> :;,�';, -- �..-�; here�.nafter referred to ae the "Security Instrumentn, of the eame ��r-_=-=-_
<br /> ��::�. �r "° '��•'�" date given by the undereigned, hereinafter referred to as the
<br /> ' nBorrower��, to secure Sorrower's indebtednese, hareinafter
<br /> *� � � f '�°�'k referred to ae the "Note", to NOME FEDERAL SAVINaB AND LOAN -
<br /> ,.-v..r- � !yvc - +`...��i±i ASSOCIATIO� OF t3RAND ISLAND, hereinafter referred to ae the � --�--
<br /> ,
<br /> .�v��_� ; � .. . ��,.,� .
<br /> __,____�..� _ _ ._ ,L� M�,��nder��, of the same date and covering the property desaribed in
<br /> - - . ,.. . _
<br /> @� ' .; � tbe Seaurity instrument and located ats ___- --
<br /> _ ,���p,�L ;.' 1217 E 5TH ST. GRAND ISLAND� NE 68801 � -
<br /> --=' �;�' � , , (Property A rese)
<br /> � , .
<br /> ��, '....... .. _ - WITNBSB�THs
<br /> --a.;�:;Y ���� ' �; WHEREAB, Horrowor and Lender have agreed that Any rente and
<br /> - . � rofite dttributable to the property should constitute additional ��•�•��ry�i
<br /> - aecurity to the Lender for the payment of the Note;
<br /> _ .. � .. _
<br /> ;, ., .. ;�' NOW, THEREFORE, it ig agreed that the Seaurity Instrument
<br /> �. '���� ehell be a,nanded'horoby and deemed to include �he following pro- �'�~�
<br /> _ � :, visions: =-�- _
<br /> .. � - �a�L..�.c:.�_.
<br /> � 1. Aaeiunment of Rente and Lender Re tal Colleation Rialits. _.-
<br /> Borrower hereby abeolutely and unconditionally aseigns all rents, __
<br /> _ _-- ____ �� ,�99��� $n�i profite of the property to Seneficiary. Lender shall �-� =-
<br /> � . have the riqht, power and authority during the continuance of the -- _
<br /> , 3ecurity Inetrument to collect the rents, issues and profits of �--=--
<br />- �• the property and of any pereonal property loaated thereon with or ���'
<br /> � without taking possesaion of�the property affeQted hereby. - - _
<br /> � . Lender, however, hereliy.corisents to Borrower'e collection and � _
<br /> `` retentfon of eua� �rents ies�es'and profits as they accrue and �-•�u�°__-
<br />°' .. become payable,�.ea long�a�"�or�ower is not, at such time, in !-�---=n,
<br /> �� default with respect� to payment of any indebtedness secured �w=-.^_
<br /> i� �; c-- •---
<br /> . .. . �� hereby, or in the performance of any agreement hereunder. _----
<br /> � ��-_�.
<br /> 2. ,�oo�ntment of Receiver. If any event of default in �� �
<br /> °� �� � ° � respect to the Security Inetrument ehall have occurred and be °``-:��_,4^
<br /> f continuing, Lender, as a matter of right and without no�ice to Y'�"•�`- ,
<br /> � . �. aorrower or anyone claiming under Borrower, and without regard to
<br /> � the value of the truet estate or the interest of the Borrower
<br /> ' " therein, shall have the right to apply to any aourt having jurie- = -•�---
<br /> diction to appoint a receiver of the property. °'''-'-�"-�
<br /> 4 .. � -,� •.: ..
<br /> � ; . � 3. g,�aht to Possession. In case of default in the payment _..__-
<br /> . of the said principal Note or interest, or any part thereof, as ��=-�- _
<br /> . - .. it ehall matiure, 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 succeseors or assigne, shall be and ie ,
<br /> �� hereby authorl.zed end empowered to take immediate poesession of `
<br /> � � � '� the said pr.emisea therein described and to collect the rents I
<br /> therefrom, and to apply the proceeds thereof to the payment of
<br /> " the Note. �
<br /> � 4. BPo��cet�on of Rente. iseues and Profits. All rents � •
<br /> . collecteci by Lender or the receiver shall be applied firet to
<br /> payment of the coets of management of the property and collection :
<br /> ' of rente, including, but nat limited to, receiver's fees, premi- ;
<br /> _ � . ums on receiver's bonde and reaeonable 3ttorney's fees, and then I
<br /> � � � to the eums secured by the 3ecurity Instrument. Lendes and the
<br /> .. receiver ehall be liable to account only for those rentis ectually � ,
<br /> � , received.
<br /> � 5. conetruction of provisions. Each of the provieione con-
<br /> ��� tained in thie Aseignment of Rents Rider and the Security instru-
<br /> , ment shall, unlese otherwise Apecifically required, be cvnetrued
<br /> 3n accordance with Nebraska law, and in the event any provieion
<br /> ., . herein or therein contained shall be determined by a court of
<br /> competenti jurisdictivn to be unenforceable, the same shall be
<br /> ; construed ae thouqh such' unenforceable provision were not a pArt
<br /> � ,
<br /> � hereof or thereof.
<br /> � 3 • i
<br /> � .� 1 �
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