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<br /> .:u � (�iasia�nrteet�f of Rents) - . ,- '�: � , .
<br /> • _ �;� THiS 1-4 FAMILY RIDER is mads t1�1s 29th day of___, February . 91 98 •eed is ineorporated h�to artd sha�6e . ," 't.:
<br /> `:.:1 deemed to emend and suDD�ment the Mort988e.Oaed of Trust or Secutity Deed(the �3ecurTY �nstrument°� ot the se�rte�ate given bY
<br /> the undersigned(the•eacmwer'?to secure eoROVrels n►o�e�0 7'R�e O ver iand Na t tana! Banbc ot Grand Isfan6 ��8„�nder)
<br /> ; . � : _� at me same aate ana coverfi9 me�aae 57fi W 44h Sbreet Grand tstsnd�1E 8801 . � , •
<br /> .., . . lRODarry Adqre�sj , - ..
<br /> ` , •Y�� 1-4 FAMILY COVEN{SE11TS. In add�ion to tha covenants and agreements made s�the Security instrument,Bortawer end Lender _ _ _ ..
<br /> — - tuAhsr Covenant and agre9 as foDows: `` ��
<br /> .� ' . ;� � A. ADDITlONAL PROPERTY SUBJECT TO THE SECURITY INSTRU1ViENT. In add�ton to the Property d�cnbed . , . -
<br /> •�"s m the Security lnstrument,the fodow�g items are addsd to the Property descriptlon,and sfisll aLso const�Tute the ProPertY co�ered by the
<br /> � � � � Secur�ty Inspvment bulding materiaLs.aPPGant:es end goods af e+rPSy na�re whatsoever now or hereafter Wceted �, na. or used, or .
<br /> ' � mtended to be used in connecUon w�Th the PtopeAy, me(uding, but not lim�tad to, those for the purposes ot supptym8 ar d'�VbuWeg .' ,.
<br /> ' � � heatui9. cooiing,efectric�lf.9�.water,air and Rgh�fire pr{aventlan and e�dingutsh�9 eADazah+s. securaY and eccess Control apparaGis, . _ . .
<br /> , :`7- piumbing� bath tubs.water heaters.wamr ciasets.sinks.ranges. stoves.ret�iSerators, dishwashers.dTSpasa[s.washers,dryers,awnings. �. . ; .
<br /> storm wmdows,storm doors. screens,bGnds, shades,curta6is and cu�rods,aiffiched mUrors,csbinets. panelQn9 and attached ftnar
<br /> ' � coverings no�e+or hereafter ettached to the Froperty, eU o! whict�,irtciudfig rep�etner�ts end add�IOns thereto,shaU be deemed to 6e ' ' ••�-- �_
<br /> • t � :� i and rertmh�a part of the Propeny covared by the Secur@y Instrument Atl ot the toregofng tagetAer w�h the Property descnbed in the �';`-
<br /> i- ;��.� . Secur�y Instrument(or the teaseho►d esffite U the Securny InsDUment is an a Ieasehold)are referred to (n this t�d Family Rder and the : ' `%-'�n=-
<br /> .� ` Security tnspument as ihe'Property".
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<br /> 's B. USE OF PROPERTY; COMPUANCE WITH LAW. Borrawer shau not seek,agres to or ma�ce a cnange tn the use o , � �__.
<br /> the Prop�cty ar its zoning classfficaUan, unless L.ender has &greed In vm'tin9 to th9 chenge. Borrower shaU comply w� ap lsws,
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<br />=`:.�! � � ord'mances,regu►ations and requUemsnts of any govemmental6odyappGCabfe to the Properiy. + r�_
<br /> ' C. SUBOFiDINAI'E I.IE{1lS. Extept as Dermitted by federei taw, eorrower shau not aUow any tien miertor to me security , �
<br /> ' � � � Mstrument to be perfected against the Property wdhout Lende�'s prior written pertnission. -• � '��"'"
<br />-� ' - • - � D. RENT LOSS(NSUHANCE. eoaower shau maintain hsurance agatnst rant toss in addition to the othe�ha:srds for which .�'4ine`�.
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<br /> • �-. insurance is�eQuired by UnBorm Covenant 5. ----- ` �s
<br /> '��"�� E. °BOAROWER'S RiGHT TO REfNSTi4TE° DELETED. Unitorm Cavenanf t8 is delsted. ,f. ,. � '•
<br /> "� F. B O R R O W E R'S O C C U P A N C Y. U n i e s s L e n d e r a n d e o r r o w e r o t h e rv�i se a s ee a� wc�in g, the fust sentence in Un�rm - • �; _"":;._:
<br /> a�� � Covenent 6 concemmg Borrowers accupency oi the Property is debsted. All remamin9 covenants and agreements set torth m Un3arm °.:;k.t.�'
<br /> -. . �..�. .Covertant 6 shail remaU�in af[ect _, ���
<br /> ` � � G. ASSIGMMENT OF LEASES.Upon LenQe�s requesl. Borrower shail ass'Sn to Lender all(eases of @ie PropeRy end eU �.��
<br />:�� . � security depos�s mada in conaection witt�Ieases of the Property. Upon the asslgnment,Lender shall ha+re the right to mOd'dy,extend or : � --.�_,�
<br /> � � tertninate Me existing Iesses and to exeeute new l e a ses, i n L en C e r s s o t e d i s c r e t i o n. A s u s e d i n th t s p e r a g r a ph O,the word'tease' `; ` � ;>�;'�:-
<br /> � shail mean"subtease' N the Security Instrument is on a leasehotd :�,�i���"'°"
<br /> � . H. ASSfGNMENT OF RENTS;APPOfi�17MENT OF RECEIVER;LENDER IN POSSFSS[ON. eorrower ebsotutery _ _ - �
<br /> • � � " and uncondnionalty assigns artd hansiers to Lender ail the rents and revenues(°Rents'7 of the Property.regardfess of to whom the Rents . ����,� _
<br /> of the Property are payable. Borrower authoraes Lender or Lender's agents to colleet the Rents, and agrees that oach tenant ot the "•�'�'
<br /> �.� : Property shan pay the Rents to Lender or Lenders agents. Howeuer.Bartower sha0 receive the Rents until(�Lender has given Bortower � �'�'"-��-=<
<br /> ' ' notice of deisuft pursuant to paragraph 2ti of Me Security lnsuument and(ii)Lender has gNen notice to tAe tenant(s)that the Ftents are ,. -�
<br /> to be paid to Lender or Lenders agent This asstgnment of Rents const�lutes an absotute assignment end rtot an esstgnment tor _ , ,-__�
<br /> , '�`�� additionet security onty-
<br /> • If Lender gives not(ce of breacA to 8orrower.(q all Rents receked by Botrower shall be hetd by Botrower es truste9 tor the benefit of 'i� , :'���'.���
<br /> ' - Lender ony, to be appited to the sums secured by the Security InStrument;(t�Lender shail be entRled to cottect and�ecaiv9 a0 of the � .•� • � •�__,;
<br /> ' •�' Rents of tha Property: (i�}Borrower agrees that eacfi tenant of th0 Property sha0 pay afl Rents due and unpa[d to Lender or Lsndars . • ,.��
<br /> • ' agents upon Lenders wrRten demand to the tenant; (i�r) uniess appik�bfe law provides othenvise, atl Rents collected by Lendsr or � , _°
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<br /> . �. '� � Lender's agents shail be applied fUst to the costs Ot taking Control of and managing Me Property and CoQecting the RentS,IncNding,but _-
<br />- ^ � . . � , �;; noi lunfte� to,attomeys fees, receivefs fees, premiums on receNer's bonds, repaU and mamtenance costs, Insurance premiums,taxes, _ _�__
<br /> ' . . assessments end other charges on the Property,and then to the sums secured by the Securityr Insuument; (v)Lender, Lenders agents ,
<br /> • ' � or any judicialy appointed recehrer sha0 be Uabte to account for onty those Rents actualry receNed; and (v�Lender shall be entitted to T'�^�-
<br /> '� � � have a receiver appointed to take possesslon of and manege the P�operty and CoQect the Rents and profits deHved ham the Property � _: . •.:
<br /> ' '� � withaut any show(ng as to the inadequacy ot the PropeRy as security. -
<br /> � It the Rents ot the Property are not suffic�ent to caver the costs of taking conVOl of and managing the Properry and of collecUng the �
<br /> ..f Rents any tusds e�enQed by Lender tor such puryoses shall beCOme indebtedness ot 8orrower to Lender secured by the Security .
<br /> .. � Instrument pursuant to Uniform Covenant 7. , . "'
<br /> � � Borrowar represents and werrants that 8ortower hes not mcecutetl any pdor assfgnment of the Rents and has not end w10 not
<br /> � peRorm any eCt that would prevent Lender from exercising its rights under Mis paragraph.
<br /> � Lender, or Lenders agents or a JudiClaly appo(nted receiver, shail not be requUed to enter upon, take conuol ot or ma�ntain the . .
<br /> �;: � . �. Property before or after gNing notice o} defautt to Bortower. However,Lender,or Lender's agents or a Judtataiy appointed receiver,may . •
<br /> � do so at a�y tlme when a default accurs. Any appl'�cation ot Rents shall not cure or weive any dofauit or irrva�iQate any other rtght or ,_
<br /> , � . remedy ot Lender. This assignment of Rents ot the Property shall terminate when all the sums secured by the Security Instrument 8re „ ,
<br /> paid in full.
<br /> 1. CROSS-DEFAULT PROVISION. eorrovrers detault or breach under eny note or agreement In which lender has an � ,
<br /> interest shall b0 a breach under the Security instrument and Lender may invoke any ot the remedies permitted by the Security Instrument
<br />_• " ' BY SIGNING BELOW,Bortower accepts end agrees to the terms and provislons Contained in this 1-4 Famity Rlder.
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<br /> � MULTISTATE 1-4 FAMiLY RIOER• Fannia Mae/Fretltlie Mac Umform Instrument Fotm 3170 9190 � .
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