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ASSIGNMENT OF RENTS RIDER ' 98-- 1��6►y
<br /> �TkIS ASSIGNMENT OF RENTS RIDER is made and executed this 27th day of March , 1998 , and is
<br /> �incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinatter referced to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinaRer referred to as the "Borrower", to secure Borrower's indebtedness,
<br /> hereinafter referred 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 located at:
<br /> 4207 TEXAS AVE GRAND ISLAND NEBRASKA 68803
<br /> (Prop�rty Addrsss)
<br /> WITNESSETH:
<br /> WHEREAS, BoROwer and Lender have agreed that any rents and profits attr�utable to the property should constkute additional securRy
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Securky Instrument shail be amended hereby and deemed to include the folbwing provisfons:
<br /> 1. Assianment of Rents and Lender Rental Collection Riahts. BoROwer hereby absolutey and unconditionaly assbns ell rents, Issues
<br /> and profits of the property to Benef�iery. Lender shall have the ripht, power and authority durfng the continuance of the Securky Instrument
<br /> to collect the rents, issues and profits of the property and of any personel property located thereon wkh or wkhout taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Borrower's coifection and retention of such rents, issues and profks as they
<br /> accrue and become peyable, so long as Borrower is not, at such time, in default with respect to payment of any indebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A�oointment of Receiver. If any event of default in respect to the Security Instrument shell have occurred and be continuing, Lender,
<br /> as a matter of right and wkhout notice to Bonower or anyone claiming under Borrower, and wkhout regard to the value of the trust estate or
<br /> the rc�terest of the Borrower therein, shail have the right to apply to any court having ju�isdbtion to appoint a receNer of the property.
<br /> 3. Riqht to Possession. in case of defauR in the payment of the sa(d principal Note or interest, or any part thereof, as k shall mature,
<br /> or in the case o( failure to keep or perform any of the convenants or agreements contained in the Securky Instrument, then the Lender, fts
<br /> successors or assigns, shall be and is hereby authorized and empowered to take immediate possession of the said premises thereh
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment of the Note.
<br /> 4. Apolication of Rents Issues and Profits. All rents collected by Lender or the receiver shall be applied first to payment of the costs
<br /> of management of the property and coliection of rents, including, but not Ifmited to, receiver's tees, premiums on receiver's bonds and
<br /> reasonable attorney's fees, and then to the sums secured by the Securfty Instrument. Lender and the receiver shall be liable to account only
<br /> for those re�ts actually received.
<br /> 5. Construction of Provisions. Each of the provisions contained in this Assignment of Rents Rider and the Securky Instrument shall,
<br /> unless otherwise spec'rfically requked, be construed in accordance wkh Nebraska 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 shall be construed as though such
<br /> unenforceable provision were not part hereof or thereo}.
<br /> 6. EHect of Rider. Except as specffically modi(ied by or inconsistent with this Assignment of Rents Rider or by any other appHcable
<br /> rider, all o( the terms and provisions contained in the Security Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Ride on the date first noted above.
<br /> c'e��
<br /> rower $ J REZAC
<br /> Bor�own TRA I L REZA
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 271h day of March 1998 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qual'rfied for said county, personally came SCOTT J REZAC AND TRACI L REZAC HUSBAND AND WIFE
<br /> , to
<br /> be the identical person(s) whose name(s) fs/are subscribed to the foregoing instrument, and he/she/they acknowledge the executfon thereof
<br /> to be his/hedtheir voluntary act and d
<br /> Wkness my hand and Notarial S al a „ t0.�'LAND R1tS1 � county, the
<br /> date aforesaid. �i'` w�NOrA�r. a/ /
<br /> u sr , ,
<br /> '^=.,,�,�yCcm,�MC.M�°JNeb,as�a '" �' — �
<br /> , �
<br /> fxp A�g,�[L oo N ry Pu fc yy�LLIAM L. McLELLAN _—_
<br /> My Commission expires: AUGUS_T 12. 2000
<br /> F10815.LM0 (8/94)
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