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<br /> ASSIGNMENT CAF rtENTS RIDER 108404
<br /> t 29TH SEPTEMBER 19_22
<br /> , and is
<br /> THir ASSIG raMEN T' OF RFNTS RIDER is made, and executed this day of
<br /> Incorporated into and shat! be deemed to amend and supplement the Mortget;c or Deed of Trust, hereinafter referred to as the
<br /> "Sesurity instrument", o'r the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure
<br /> Gorrower's ind btednes3, Mreinafter referred to h5 the "Note'", to HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> GRAND ISLAND, hereinafter referred to as the "Lender", of tho same date and covering the property described In the Security
<br /> Instrument and located at:
<br /> 516 & 521 S. ADAMS, GRAND ISLAND NE 68801
<br /> (Property Addrass)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agreed that any rents and profits attributable to the property should constitute
<br /> additional security to the Lender for the payment of the Nate;
<br /> NOW, THEREFORE, It is agreed that the Security Instrument shall be amended hereby and deemed to include the following
<br /> ,provisions:
<br /> 1. 4, ,s lnnm nt of R nts nd_L ng~d r REnt II n i- ii ~i~ts. Borrower hereby absolutely and unconditionally assigns all
<br /> rents, Issues and profits of the property to Beneficiary. Lander shall have the right, power and authority during the
<br /> continuance of the Security Instrument to collect the rerFts, issues and profits of the property and of any personal property
<br /> located thereon with or without taking possession rf the property affected hereby. Lender, however, hereby consents to
<br /> Borrf}wer's collection and retention of such rents, Issues rind profits as they accrue and become payable, so long as Borrower
<br /> Is not, at such time, In default with respect to payment of any Indebtedness secured hereby, or in the performance of any
<br /> agreement hereunder.
<br /> 2. Appointment of Receiver, If any resent of default In respect to the Security Instrument shall have occurred and 5e
<br /> continuing, Lender, as a matter of right and without notice to Borrower or anyone claiming under Borrower, and without
<br /> regard to the value of the trust estate or the interest of the Borrower therein, shall have the right to apply to any court having
<br /> jurisdiction to appoint a receiver of tie property.
<br /> 3. Right to Pq assession In case of default In the payment of the said principal Note or Interest, or any part thereof, as it
<br /> shall mature, or in the case of failure to keep or perform any of the covenants or agreements contained in the Security Instru-
<br /> ment, then the Lender, its successors or assigns, shall be and is hereby authorized and empowered to take Immediate
<br /> possession of the said promises therein described and to collect the rents therefrom, and to apply the proceeds thereof to the
<br /> payment of the Note.
<br /> 4. Application of Rents issues and Profits. All rents collected by Lender or the receiver shat! be applied first to payment
<br /> of the costs of management of he property and collection of rents, including, but not limited to, receiver's fees, premiums on
<br /> receiver's bonds and reasonable attorney's fees, and then to the sums secured by the Security instrument. Lender and the
<br /> receiver shall be liable to account only for those rents actuelly received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Security Instru-
<br /> ment shall, unless otherwise specifically required, be construed in accordance with Nebraska law, and In the event any
<br /> provision herein or therein contained shall be determined by a court of competent jurisdiction to be unenforceable, the same
<br /> shall be construed as though such unenforceable provision were not a part hereof or thereof.
<br /> 6. Effect of Ridge ,[except as specifically modif led by or Inconsistent with this. Assignment of Refits Rider or by a•ly other
<br /> applicable rider, ,.II of the terms and provisions contained In the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Ass nmentof Re AsRI on the date first noted above.
<br /> LORIE A. STEFFEN Borrower
<br /> STATE. OF NEBRASKA)
<br /> (ss:
<br /> COUNTY OF HALL )
<br /> On this 29TH day of SEPTEMBER 1 92 bef re me the undersigned a Notary Public duly commissioned and
<br /> qualified for said county, personally came Lo SgEFF EN, A SINGLE i~-
<br /> to be the identical person(s) whose name(s) islare subscribed
<br /> to the, foregoing Instrument, and he/she/they acknowledge the execution thereof to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notarial Seal at _____Gli=.- _J_qL.PA)D.NEBRA
<br /> ^ e\Id county, the date a oresaid.
<br /> X___ lIIN.OTARY-SMof IleAr , zry Public
<br /> My Comml5slon oxpires: ltd - - -
<br /> )+r 4010 (IM)
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