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<br /> - -- TFliS ASSiGHMENT Of FiE[�iTS RfOER ts made�nd mcecuted� $tit �y of d9fttt8lv 199� •artd is — - ,__
<br />_ - —.:T.- : - --= -
<br /> ��,t�,� incorporat9d Into end ShaU be deemed W 8rtmnd end suppfement the Mort$ag9 or Oeed ot Trust, hEretrief0er tefetred.to 8S the 'Secur4y �:^,' �
<br /> � '� ". instrumenY. af the same date gtven bY !he understgned herein8fter referred to es tRe 'Bortowef, w seeure Borrowsrs End�te�. ; :- � � c
<br /> ., t�ereinafter ceterred to as tne'ntote•.to I1�IITm N�RASKA BAd+IK •�'' ''. ���
<br /> . ,; . �. ��t .
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<br /> . herelnaftet reterted to as Me'Lender'. of the same dsie and eovertng tAe E . ' `
<br /> � propmay Qescn'Ded tn Ne Secur�y InS�uumeM and located aC
<br /> �..�-°-� 712 W 10YH C,yRAND ISLAWD NEBA�SItA 688d1 �
<br /> �-- •"���: (Proporyr AEmrene) [ ' '-
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<br /> , . ' ,, WHEREAS, Borrower end Lender have agreed that any rents end p�attr�ulabb to the property shoutd cortstitute adddional securtty
<br /> � - to tt�e Lender tor the p8ym9nt of the Not� -�r'` � .4
<br /> -, � ': NOW.TI1EF��RE,it b agree!!thei Me Secuhty Instrument sheD be sm9nQed h9t�y and d�mad to IneNde the foltawlrtg provfs�ans: •�i . -
<br />.- � � Y- c�, . _.—-.
<br /> . � _ , ' ..�'�.�,:,,.
<br /> t. Asstanment W imnts ane lenQer Rent@t Cal�etic�n Hk�his. Bortouuer R�y absoh�ay end unconC�Ttonalty assigr►s all rents.tssues . .�,.::`,^:: _
<br /> and profits of the prop�rlyr to Benefktary. Lender shaa have the AgM,pawer end authorny durtng the conUnuance of the Securrityy tnswment � .
<br /> � � to coltecl the ranls.LSSUes and profrts of the prapsrry ar+d of eny personal property tot�ted thereon wRh ar wdAaut tatctng possesston o!the `��
<br /> ` _�_:�:
<br /> � �-� properiy affected Aewby. Lendsr. however,hereby consents w 8orrow�s cofle�oa and retentinn ot sucA rents.issues and profrts as thay � _
<br /> � accr�e and become paya6la, sa tong as Borrower is not, at such t§ne, in Qelsuft vr�h respec! to paymBnt of 8ny indebtedness seCUrad �
<br /> � ' �- '` het8by.ot in ffie pertortnanCe of 8ny 8gB8ment hereunder. �: ----
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<br /> � 2 Eaoointment oi Reeelver. If arry ouent of detauft rt�respect to the Securfty tnstrument shall have aocurred and�e con6rtuhsg,Lender. ` ,,_
<br /> • as a matter of�ht and witt�out notiee to 8orrower or anyane cisuning under Borrower,and without cegard to the vatue af the Uust estate or . "
<br /> ....'. �.,�,�a��.
<br /> � �.�,�i .= the tnterest of Me Borrower trteretn,shall have the right m appry to anY couR hav(ng Jurisdiction to appalnt a receiver oi the propeRy.
<br /> . .�•�:• .L_�--�
<br /> ' '.':,,^,9. _. ' .�. L.�yF-,:..
<br /> . ;::�_ , 3. Rh�t�t to_Possessfon. In case of defauri in the payment of the sefd principal Note or interest,or any part tAereof,as�l shaU mature. .� ,y,.�,
<br /> f �� or�the case ol fa�Ture to keep or perform any of the convenanis or agreaments contatneA tn the 3ecurity tnstrumenL then tha Lende. as � �'��<<=�:�?
<br /> , `+'.�'.:'�,�
<br /> �• '� suaessois or asstgns, ShaO be and is �ewby authorfmd end empowered to ffike immedtate possesston of tAe sald premises Neredn !�, '
<br /> . ,. `_.�i:: - ;��±�
<br /> _ _.. .�_ _ descrbed and to col�ot the rents theref'rom,and to appty the proceeQs thereof to tne payment of the Nlota ;:'r" � ��
<br /> � � - t 4. �pni�catton ol Renb.tssues and Profits. AU rants co�eCted by L9nd9r or the reCeNOr shell be BpDQed f�st to payRtent of the Costs ..�`'',:'.. :?�� , ,�. �
<br /> of inenagement of the propeRy and coifeccion ot rents, 1ncluding, but not �rnited to. receMeTs tees. premiums on recetaefs bonds and " .� �";=_��•
<br /> ' '� reasonabls attomey's tees. . .�. _
<br /> epd then ta ths sums secured by tAe Securfty Instrument Lender and the recetver shaD be RaDI�to aCCOUnt onty ! F. ,,__.r.--
<br /> . �: - . . for those rents ectuaiy receNed. � • �-:;r
<br /> � _
<br /> ' ! • 5. �onsnucUon of Provis(ons. Each of the provistans contained tn thts Assignment of Rents FUder and the Security Instrument shail, , �
<br /> .,�;,'�_;
<br /> � � • unless othenvise specificeltyt nBqu�ed. be construed in accordance wfth Nebreska taw, anA in the event any provlston hereln ot therein _•+,�.
<br /> • '41"
<br /> � � Cantain80 shall Oe determined by a couR of compatent JurisdicUon to be unenforceabfe, Me 58me SAell be COnStrued 9s th0ugh SuCh ..� - _ •:;.�s,::
<br /> �. -- -°- unentor�eab�9 prwision wsr9 not paR hereof or thereof. , ' `•--�'-�--�?
<br /> � �'.6:a�{�'y_
<br /> ' � - . 6. ENect of Rlder. Except es speciftcat�y modifiad by or Incansistant wfth this Assignmer►t of Rents Rlder or by any other appGCab� :�•±;_�;••
<br /> . �A:
<br /> . � � ' �� �iQer,alt of the tertns and provisions contalned fn the Secur�y Instrument shaU oontfiue in full force and eftect. .. , '�= �,_,;'�
<br /> _ , �' .+> �� � � =�.-
<br /> . � IN WITNESS WHEiiEOF,8mrower has executed this Assignment ot Rents Rt or�fh te t noted • ` .,�-
<br /> . . . � _.. ':�r,=-
<br /> ���
<br /> � eorroeer MICiFI LEE E :;__;,
<br /> �- r -.:,�
<br /> . 8orroaer ''�"
<br /> • .. . . „ ' � . ..
<br /> � . STATE OF NEBRASKA . .
<br /> � �. COUNTY OF HALL ��� ' " '.
<br /> . . . „.
<br /> � On thb 9th day at Januarv . 1998 .betore me,the undersigned,a Notary PubHc duty Commissioned 8nd �.: � - �
<br /> •• , . quali(tedlor seid county,personaly carr,e NIlCNAEL LEE STOPP((OTPE ALSO KNOWN AS MICHAEL STOPPKOiYE.AN .. � '
<br /> UNMARRIED INDNtDUAl. .� �
<br /> �:...
<br /> � be the ident�al person(s) whose name(s) is/8re Su05cfiDed to the foregohg insWmant,and helshe/they acknowtedge!he execution trtereot .
<br /> � to be his/hetltheir vONnary 8Ct end deed. . ._ �
<br /> ' witness my hand and Notarlal Ses1 at GRAND ISLAND I�IEBRASKA N Sald county, tne . �
<br /> d8te 8foresald. � . . '
<br /> , � . II! GENFRAL NOTAAY Stateot Ne�ros�a ; �
<br /> � SHERRI L 0'CALIACNAN Not„r weno S ER O' G
<br /> fdyComm E�D SeCt 78.iQ39
<br /> � My Commission e�Ues: SEPTEMBER 28. 1999 ' � '- �
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<br /> _ Ft0015LM0 (6/80) . � . . �
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