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<br /> • � ASSIGNMENT O� RENTS FiIDER 1�� 98- �(y�Q�80 ��"__-�
<br /> �.
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<br /> Februar , 1998 � and is ��,4.
<br /> THIS AS5I�NMENT OF RENT3 RIDER Is made and executed thls atll day d Y
<br /> � Incorporated Into and shell be deemed to arnend and suppiement the MoRpage or Dead of Trust, herelnafter relerred to as the 'Security �'_._
<br /> InBUumenY, ot the same date gNen by th9 undarsiyned, hereinafter referred to as ihe "Borrower", to secure Oorrower's indebtedness, �
<br /> { � '`r`.
<br /> herelnafter referred to as the "Note",to U TED NEB AS BANK
<br /> , herehaker referred to fls Ihe 'Lender", of the same date and coverinq the
<br /> < property described in the Sacurfty Instrument arW located aL ^"�ry�;-'�':
<br /> � �03 N GAEENWICH 4RAND ISIAND NEBRASKA 68801 ''' '�
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<br /> .�'�J� (Prop�rry AEAnn) '�.A�;-'�,-...
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<br /> .'�"""' 1MITNESSETH: ' �'�
<br /> 1-t^�;,=
<br /> � WHEREAS, Borrower and Lender have aqreed thet any rents end profas attrWutebb to the property should constitute addRional cecurfty . .,r,_
<br /> •` to the Lender tor the payment of the Nota� � -
<br /> • NOW,THEREFORE, It Is apreed that the Secudty Instrument shall be amendod hereby end deemed to Include the follow�ng provisions: _
<br /> � � 1. Assianment� Rents and Lender ReM@�Collectlon Rlahts. Borrower hereby aGSOUtely and unconditlonally assigns all rents, issu85
<br /> 4 and profits of the property to Benef�lary. Lender shall have the right,power and aulhority during the contlnuance of the Security Instrument
<br /> to aollect the rents,Issues and protfts of the(uoperty end of any personal property beated thereon with or without taking posseos�on of the
<br /> �' property attected hereby. Lander,however, hereby consents to Borrower's COUectlon and retentbn of such rents, Issues ana profits as they - ,
<br /> � 8ccrue and become payable, so lonq as Barower Is not, at such tlmo, In defauit�th respect to payment ot any hdebtedness secured -
<br /> � hereby,or In the pertormance ot any eyroement hereunder.
<br /> 2. eQo4k+tment of ReceNer. If nny event of defauft In respect to the Seaurity Inawment shall have occurred a�d be aontlnuing, Lender, �_
<br /> _ '�� as a matter of right and wfthout not�e to Borrower or anyone Ciaknhy under Borrower�and without regard to the value of the trust estate or �
<br /> the interest of the Borrower thereh,shall have the right to apply to any court havhy�r�sd�llon to appolnt a recet�er nf the property.
<br /> 3. Riaht to Possessbn. In case of defflult in the payment of the said principal Note or interest, or any part thereol, as it shall mature,
<br /> � or in the case of fallure to keep or perforrrt tny of the ,onvenants or agreements co�tained �n the Security Instrument then the Lender, ks
<br /> SuCCessors or asslgns, shall be and is hereby authorized and empowered to take immedfete posses5ion of the s81d premises th8r8i�
<br /> ., � described and to collect the rents therehom,and to appiy the proceeds thereof to the payment ot the Note.
<br /> __._�- 4. Aoolication of Rents Issues and Prol�s. All rents collected by Lender or theraceNer shall be applled first to payment of the Costs
<br />� of management of the propeRy and collectbn ot rents, inoluding, but not imned�o, racnryur'o faes, prsm�smt on reCeNers nnnda and
<br /> �'� reasonable attomey's tees, and then to the sums secured by the Security Instrumant.lander and the reeeNer shali bd Ilable to account only
<br />_ for those rencs aotuaity receNed.
<br /> 6. Constructbn of Provisbns. Each of the provisbns oontained in this Assip�mant of Rents Rider and the SeCUrity Instrument shaA,
<br /> � unbss otherwise specifically requked, be constNed in acCOrdance wfth Nebreska�w,and h the event any provisbn heretn of thereln
<br /> contalned shall be determined by a couR of competent Jurisdbtbn to be unentaceebla, the same shuli be construed as thouph such
<br /> unenforCeable provision were not part hereof or thereof.
<br />� 6. Eftect of Rldar. ExCept as SpecN�ceN mOdified by or InCOnsistent with thls Assipnment of Rents Rider or by any other applicable
<br />- rWer,all of the terms and provisipns Contalned in the Security Instrument shell Continue in full force 8nd eHect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assfpnment o} Rents R�der on the date fkst noted above.
<br /> }, . �
<br /> . �« •�JA S MA KHAM
<br />'1..
<br /> eo��ow.�SU N E A KHAM —
<br /> . �
<br /> , STATE OF NEBRASKA -
<br /> � ss: �-
<br /> � COUNTY OF HALL –
<br /> On this 4th day of Februarsl , 1998 betore me. tqe underslgned, a Notnry Pubib duly commissloned end --_—
<br /> quant�ed tor saki county,personauy ceme.IAN S MARKHAM AND SUSAN E MARKHAM HUSBAND AND WIFE ,ta
<br /> be the ident�al person(s) whose name(s) Islare subscribed to the toregoing Instrument,and helshe/they acknowledge the execution therdot
<br /> Io be hislhedthoir voluMary nct and deed. �
<br /> witness my hand and Notarial Sea�at GRAND ISLAND BRASKA eid county,the
<br /> date aforesaid. �� .C%'�-t_
<br /> � �
<br /> - —.- -- � � NoaryPub�ic ILLIAM L. C ELLAN
<br /> . �`,�� .�ff,`A _ _
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<br /> My Commiss�on expires: AUGUST 12 20�0.��ii�?e
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