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. ASSIGNMENT OF RENTS RIDER i. ��8..,jCy2S��
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<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 20th day of March , 1998 . end is
<br /> incorporated into and shail be deemed to amend and supplement the Mortgage or Deed of Trust, hereinaRer referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Bonower", to secure Borrowers indebtedness,
<br /> hereinafter refened to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to as the "Lender", of the same date and covering the
<br /> property described in the Security instrument and bcated at:
<br /> 2813 LAKEWOOD CIRCLE GRAND ISLAND NEBRASKA 68801
<br /> (Prop�rty Addn�s)
<br /> W ITNESSETH:
<br /> WHEREAS, BoROwer and Lender have agreed that any rents and profRs attr�utable to the property should constkute addRional securky
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Security Instrument shall be amended hereby and deemed to hclude the following provisbns:
<br /> 1. Assgnment of Rents and Lende� Rental Collectton Ri�hts. Borrower hereby absolutely and unconditlonally assigns all rents, Issues
<br /> and profits of the property to Beneficiary. Lender shall have the right, power and authority during the continuance of the Security Instrument
<br /> to collect the rents, issues and profits of the property and of any personal property located thereon wfth or wkhout takine possession of the
<br /> property affected hereby. Lender, however, hereby consents to BoROwer's collection and retentlon of such rents, issues and profRs as they
<br /> accrue and become payable, so tong as Borrower is not, at such time, in detault wkh respect to payment oi any indebtedness secured
<br /> hereby, or in the performance ot any agreement hereunder.
<br /> 2. Apoointment of Receiver. If any event oi defauk in respect to the Securky Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone claiming under Borrower, and without regard to the value of the trust estate or
<br /> the interest o( the Borrower therein, shall have the right to appy to any court having jurisdbtion to appoint e receiver of the property.
<br /> 3. Riaht to Possession. In case of defauk in the payment of the said princfpal Note or interest, or any part thereof, as ft shall mature,
<br /> or in the case of failure to keep or perform any of the convenants or agreements contained M the Security Instrument, then the Lender, its
<br /> successors or assigns, shali be and is hereby authorized and empowered to take immediete possession ot the said premises therein
<br /> described and to collect the rents therefrom, and to apply the proceeds the�eof to the payment of the Note.
<br /> 4. Ap�lication of Rents. Issues and Pro(its. All rents collected by Lender or the receiver shall be applied first to payment of the costs
<br /> of management of the property and collection of rents, inciuding, but not limked to, receiver's fees, premiums on receiver's bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Security instrument. Lender and the receiver shall be liable to account only
<br /> for those rents actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Security Instrument shall,
<br /> unless otherwise specificalty required, be construed in accordance wkh Nebreska law, and in the event any provision herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceable, the same shali be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specifically modffied by or inconsistent wRh this Assignment of Rents Rider or by any other applicable
<br /> rider, all of the terms and provisions contained in the Security Instrument sha�l continue k� full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider on the date first noted above.
<br /> �
<br /> eo��owe� A N THORNDIKE
<br /> Borrowsr
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 20th day of March , 1998 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personally came ANN M THORNDIKE AN UNMARRIED INDIVIDUAL
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing hstrument, and he/she/they acknowledge the execution thereof
<br /> to be his/heNtheir voluntary act and deed.
<br /> wkness my hand and Notarial Sesi at GRAND ISLAND gKq
<br /> date a�oresaid.
<br /> � said county, the
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<br /> n►o� Pub � yy�LL AM L. cLEL
<br /> My Commission expires: AUGUST 12 2000 �� ci�'
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<br /> F10815.LM0 (8/94)
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