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<br /> � 1-4 �AMiLY RIDEF� . _
<br />, . (As�ignment o4 Rer�ts) ��g`��8 ; - ' - . . =.
<br /> �7� � , ���
<br />` a THIS 1�4 FAMILY RiOER �s made this 10th aay or Mazch . 199T �s mcorporated mto and shail be , , � � . : ��--
<br /> deemed to amend antl supplemeot the MoRgaga. D2ed of Trust or Secunty Deed (the 'Securfty InsUumenY) of the same date grven by the � � ;
<br /> 1 u�dersigned(the'eorrower•�to sewre BoROwer s rvoce to The Overland Nattonal Bank of Grand tsland . , ._.-
<br /> .,� (the 'Lender') oi the same date and co�enng the `
<br /> ' property de,crihed in the Securily Instrument and lopted et: ' • ��
<br /> 1 230 �1or4h Darr Ave. C3rand Island t�fobraska 68fl03 j • � �
<br /> ' ,� � [PrcPerty Aatlressj �. . . .
<br /> 1-4 FAMILY COVEIdAi�TS• �n addiUon to the covenants and agreements made m the Security Instrument. Bortower and Lender
<br /> G turther covenant and agree as toliaws: '` - �`. ��
<br /> i
<br /> � A. A�D1TtONAL PROPERIY SUBJECT TO THE SEC dA�17Y�oNSTRUM'ENT. ��stitu enthe tPropertyecovered bythe ' , • • ' �e�
<br /> the Securtty Instrumen� the foltowing items are added to the Properly P .
<br /> Security Instrument building materials.appliances and goods ot every nawre whatsoever now or hereafter iocated in.on, or used. or intended
<br /> ,� � to be used in connedion with tAe Property, mGuding.but not IimRed to,those tor the pucposes of supplying or distnbuting heaUng,coolfng. _
<br /> electricity, gas. water, eir and lighl. fire prevention and exbnguishmg apparahis• sea+tit�l and access control apparatus. piumbmg, bath wbs. . , � '
<br /> � water heaters, water dosets, sinks. ranges. stoves. refiigerators, dishwashers. disposas, washers. dryers. armings. stortn windows. stortn __ . �:
<br /> ` ' doors, screens. 6linds, shades, curtatns and curtain rods,attached mirrors, cabinets. paneilin9 end attached floar coverings now or hereafter , _ :_�,
<br /> °' � atWched to the Properry,ail of which. inGuding rep�acements and addiGons thereto,shali be deemed to be and remain a part of the Properry • , , .. ___
<br /> � � � covered by the Security �nstrument Ali of the foregofng together with the Property desai6ed in the Secudty �nsWment (or the I�sehold . � ;,_.�_�
<br /> estate"rf the Securily Inshument is on a IeasefioldJ are referred to in ihis 1-4 Famiy Rider and the Securityr :�strument as the"Property'. , __� y�,;,�
<br /> � B. USE OF PROPERTY; COMPUANCE WITH LAW. Borrower shall not seek, agree to or make a c hange in tne use ot '. ., .,�. ,_. ____
<br /> � the Properry or its zoning GassifrcaUon, unless Lender has ayeed in wriHng to the change• Borcower shatl compty with ali laws. ordinances• �S� , M` ,.
<br />� �• � � reguiations and requ(rements of any govemmentel body applicabte to the PrapeRy. '`" ' �� ����
<br /> r +�.t-�`_—;
<br /> C. S U S O A D I N A T E U E N S. E x ce p t a s p e rt n i tt e d b y f e d e r a l l a w. Barrower shaU not allow any lien inierior to the Security InsUUment •.�L,:; ,,,:-��
<br /> to be perfected against the Propefly without Lender's pnor written pertnission. ' • . •=r ,. .
<br /> D. RENT LOSS 1I11SUR{�NCE. Bo[rower shall maintafn insurance against rent Ioss in addttion to the other hazards tor which , �_,
<br />` � ,r.surance is requlred by Unrfortn Covenant 5. --� � �,
<br /> �. " E. "BORROVYER'S RIGHT TO REINSTATE" DEL.ETED. uniform Covenant�e is deleted. �.�r
<br /> :u.. •:i:,�€.:--
<br /> F. B06iROWER'S OCCUPANCY. Unless lender and Borrower otherwise egree in writing, the first sentence m Uniform . .;�,a._ _
<br /> Covenartt 6 conceming Bortower's occupancy of the Properry is deleted. All remaining covenants and agreements set forth m Unifom� S ,
<br /> •� Covenant 8 shall remain fi eftect. ��t; "-
<br /> G. ASSIGlVM@NT OF LEASES. Upon Lenders request. Borrower shatl assign to Lender alt leases ot the Properiy and a11 -_ �""�''�l;.•. �,
<br /> security deposits made fn connectlon with leases of the Property Upon the assignmen� Lender shall have the dght to mod�fy. extend or • � , � . �•,-:
<br /> terminate the existlng leases and to execute new leases. in Lender's sole disaetion. As used(n this paragraph a, the word 'lease' shall '��: ?�._';; ,
<br /> . mean'sublease'H the Sewrity Inshument is on a leasehold. "1r_„
<br /> H. ASSIGMMENT OF RENTS; �POINTMENT OF F���IVER: LEF�IDER 1111 �SSESSI0�1. eorrower a�salutery f ,_
<br /> ' and unconditionaUy assigns and tran
<br /> sfers to Lender ell the re�ts and revenues ('Rents') oi the Properiy. regardless of to whom the R�ts of ,.,.. ��"` .'.
<br /> the Property are payabte. Borrower authorizes Lender or Lender's ageats to coilect the Rents.and agrees that each tenant of the Property >•� ` � : 'L��,�. _
<br /> dr:�'..;
<br /> shaU pay the Rents to Lender or Lender's agents. However, Borrower shail recei+re the Rents until O Lender has given Borrower noUce of n y, ,,S�, . '-,.
<br /> default putsuant to paragraph 21 of the Securfly Insbument and (ii)Lender has g[ven notice to the tenant(s)that the Rents are to be paid to ' ���
<br /> .i,:..>
<br /> Lender or Lender's agen4 Th(s assignment of Rents constitutes an abso;ute assignment and not an assignment tor addidonal securdy onty. , � -
<br /> - It Lender gives noUce of breach to Borrower. (� ail Rents received by Borrower shail be held by Boaower as trustee tor tfie benefit of .�i:� ;... r. �'
<br /> Lender oniy.to be appiied to the sums secured by the Security tnstrumenx (fi)Lender shall be entitled to coitect and recetve all of ihe Rents y�� � ��� ;a,.
<br /> of the Property: (li) Bonower agrees that each tenant ot the Properry shali pay all Renu due and unpaid to Lender or Lender's agerrts upon '_'-'=
<br /> ' Lender's wrftten demartd to the tenank (n) uniess appficabte taw provldes otherwise, ail Rents collected by Lender or Lender's age�ris shall be �,,,.;., �V��--
<br /> ' applied first to the casts of taking control o}and managing the Properiy and collecting lhe Rents.incNding,but not BmRed to,attomay's tees. .,.� �.�,?i:�
<br /> - r�celver's fees,premiums on receNer's bonds, repair and maintenance eos*s, insurance premlums, taxes, asseasments and other charges on :.,� - - �:-�:+
<br /> � the Properry, and then to the sums seared by the Securiiy Instrument (� Lender. Lender's agents or any Judiclalty appointed receiver shall w� ��..--
<br /> be liabte to account for only those Rents actualiy rece(ved: and (v�Lender shali be entNed to have a recelver appointed to take possession .xa„r'. : :�,; —_
<br /> of and manage the Property and colle�t the Rents end profits derived from the Property without any showing as to the inadequacy ot the J� ��^y;' _
<br /> , _� Properiy as security. — _ .�'�a'""_�
<br /> - If the Rents of the Property are not sufflGent w cover the costs oi taking control of and managing the P►operiy and ot collecting the �-�
<br /> Rents any tunds expended by Lender tar such purposes shatl became indebtedness of Bortower to Lender secured by the Security ��;�����=�:,-:_��
<br />• • Instrument pursuant to Uniform Covenant 7. ,��'?� -��tt..'
<br /> ' � BoROwer represents and wartants that Bortower has not executed any prior assignment of the Rents and has noi and wlll not peRorm . ' .'���
<br /> any act that would prevent Lender from exercising its rights under this paragraph. ��'�_^'---
<br /> � Lender, or Lender's agents or a Judicialy appointed receNer, shali not be required to enter upon,take control of or malntain the Praperty •��,� ���`
<br /> before or aiter ghdng notice ct detauit to Borrower. However.Lender, or Lender's agents or a JudiGaUy appointed receiver, may do so et any •..,;:�.�,,�„�{,
<br /> tlme when a defautt occurs. Any applicaUon of Rents shall not cure or waive any defauft or Invalidate any other dght or remedy of Lendet �.y�_`�,.,. °
<br /> Thls assignment of Rents of the Properry shall tertninate when all the surs seared by the Security Instrument are paid In tull. :,�.
<br /> � 1. CROSS-DEFAULT PROV{S10N. Borrower's detauft or breach under any note or agreement in which Lender has zn interest _ ��:,;_�. ____
<br /> shall be a breach under the Securtty InsWment end Lender may invoke any ot the remedles pertnitted by the Security InsUument. . .
<br /> BY SI�NIN�BELOW. Borrower accepts and agrees to ihe terms and provisions contained In this 1-4 Family Ridar. • ��� '
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<br /> - � • !X/ CT ILW[� "\i {F�a� �$f:fl� . . .:�a
<br /> 3orrower ponald R. 89/g � . � • �'
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<br /> eoROw��Qean�a R. 8erg � .
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<br /> � [Seal] ' • � . _-
<br /> � - Borrovrrr • � '
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<br /> I MULTISTATE 1 4 FAMILY RIOEfl- Fannie MaelFreddie Mac UnBortn Instrument Fortn 3170 9/90 � • �
<br /> � � F7747�MG���,94� F ' �.-
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