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, ASSIGNMENT OF RENTS RIDER � �.��„ 1n28Cj0
<br /> ` THIS ASSIGNMENT OF RENTS RIDER is made and executed this 20th day of March 1998 . and is
<br /> incorporated into and shafl be deemed to amend and supplement the Mortgage or Deed oi Trust, hereinaRer referced to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinaiter refened to as the "Borrower", to secure Borrower's indebtedness,
<br /> herelnafter refeRed to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinatter referred to as the "Lender", of the same date and covering the
<br /> property descr�ed in the Security Instrument and bcated at:
<br /> #31 LILLIAN LANE DONIPHAN NEBRASKA 68832
<br /> (Prop�rty Addntt)
<br /> WITNESSETH: � ' -
<br /> WHEREAS, BoROwer and Lender have agreed that any rents end profks attr�utable to the property should constkute addRional securky
<br /> ro the Lender tor the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Security Instrument shall be amended hereby and deemed to hclude the folbwing provisbns:
<br /> 1. Ass�nment of Rents and Lender Rental Coliection Riahts. BoROwer hereby absolutey and unconditionaly assipns all rents, issues
<br /> and profits of the property to Benef�lary. Lender shall have the rtght, 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 bcated thereon wkh or wkhout taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to BoROwer's collection and retention of such rents, issues and profRs as they
<br /> accrue and become payable, so long as Borrower is not, at such tlme, in defauR wkh respect to payment o} any indabtedness secured
<br /> hereby, or in the periormance oi any agreement hereunder.
<br /> 2. Ap�ointment of Receiver. If any event of defauR in respect to the Securfty Instrument shall have occurred and be continuing, Lender,
<br /> as a matter of right and without notice to Borrower or anyone clatming under Borrower, and without regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shali have the ripht to apply to any court having jurisdiction to appoint a receNer of the property.
<br /> 3. Ri�ht to Possession. In case of default in the payment of the said principat Note or interest, or any part thereof, as it shali mature,
<br /> or in the case of failure to keep or perfonn any of the convenants or agreements contained in the Security Instrument, then the Lender, ks
<br /> successors or assigns, shall be and is hereby authorized and empowered to take knmediate possession of the said premises therein
<br /> described and to coltect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Apnlicetion of Rents. Issues and Profits. All rents collected by Lender or the receNer shail be appl'�ed first to payment o( the costs
<br /> of management of the property and collection of rents, fncluding, but not limited to, receiver's fees, premiums on receNer's bonds and
<br /> reasonable attomey's fees, and then to the sums secured by the Securky 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 spec'rfically required, be construed in accordance wkh Nebraska taw, and in the event any provision herein of therein
<br /> contained shall be determined by a court of competent jurisdiction to be unenforceabls, the same shall be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specMically modified by or inconsistent with this Assignment of Rents Rider or by any other appl'�cable
<br /> rider, all o( the terms and provisions conta�ed in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Bonower has executed this Assignment nts Rider on the date first noted above.
<br /> �
<br /> LEGAI.: eorrow�r pAUL CURRI R
<br /> LOT THIRTY ONE (31), A1rIICK ACRES EAST StIBDIVISION,
<br /> HALL COUNTY, NEBRASRA.
<br /> 9orrow.r
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 20th day of March , 1998 , before me, the unders(gned, e Notary Public duly commissioned and
<br /> qualitied for said county, personally came PAUL J CURRIER . AN UNMARRIED INDIVIDUAL
<br /> , to :
<br /> be the identical person(s) whose name(s) is/are subscribed to the foregoing instrument, and he/she/they acknowledge the execution thereof
<br /> to be his/her/their voluntary act and deed.
<br /> Witness my hand and Notarial Seal at GRAND ISLAND , NEBRASKA in said county, the
<br /> date aforesaid.
<br /> ��i� GENERAI NOTARV•Siate of Nebraska �
<br /> SHERRI L.0'CALLAGHAN ,
<br /> My Comm.Exp.Sept.18,l999
<br /> Nofary Pubuc SHERRI O' L HA
<br /> My Commission expires: SEPTEMBER 28. 1999
<br /> Fi0815.LM0 (8/94)
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