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� ASSIGNMENT OF RENTS RI gs �����'�4
<br /> .
<br /> DER
<br /> .THIS ASSIGNMENT OF RENTS RIDER is made and executed this 26th day of March , 1998 , and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Oeed of Trust, hereinafter referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borrower", to secure BoROwer's indebtedness,
<br /> hereinafter retened to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter referred to as the "Lender", of the same dete and covering the
<br /> property described in the Security Instrument and located at:
<br /> 1103 EAST NEBRASKA AVE GRAND ISLAND NEBRASKA 68801
<br /> (Prop�rty Addnts)
<br /> WITNESSETH:
<br /> WHEREAS, BoROwer and Lender have agreed that any rents and profRs attributable to the property should constkute addkionat security
<br /> to the Lender for the payment of the Note;
<br /> NOW, THEREFORE, It is agreed that the Securky Instrument shall be amended hereby and deemed to include the following provisbns:
<br /> 1. Assianment of Rents and Lender Re�tal Collection Riahts. Borrower hereby absolutely and uncondkionally assipns all rents, issues
<br /> and profits of the property to Beneficiery. Lender shall have the right, power end authority during the continuence of the Securky Instrument
<br /> to collect the rents, issues and profits of the property and of any person8l property located thereon with or wRhout taklnq possession of the
<br /> property atfected hereby. Lender, however, hereby consents to Borrower's collection and retentlon of such rents, issues and profits as they
<br /> accrue and become payable, so long as BoROwer is not, at such time, In defauft with respect to peyment of any Indebtedness secured x
<br /> j .
<br /> hereby, or in the performance ot any agreement hereunder.
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<br /> 2. �ointment of Receiver. Ii any event of defauk in respect to the Securky Instrument shall have occuned and be contlnufng, Lender,
<br /> as a matter oi right and wkhout notice to Bonower or anyone claiming under BoROwer, and wkhout regard to the value of the trust estate or
<br /> the interest of the Borrower thereh, shall have the r ht to a I to an court havin �
<br /> b PP Y Y g jurisd�tion to appoint a receiver of the property.
<br /> 3. Ri�ht to Possession. in case of detauft in the payment of the said prtncipal Note or interest, or eny part thereof, as ft shali mature,
<br /> or in the case of failure to keep or pe�form any of the convenants or agresments contained in the Securky instrument, then the Lender, ks
<br /> successors or assigns, shall be and is hereby authorized and empowered to take immediate possessfon of the said premises therein
<br /> described and to collect the rents therehom, and to apply the procesds 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 collection of rents, including, but not Ilmked 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 receNer shall be lieble to account ony
<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 specHically required, be construed fn accordance wkh Nebraska lew, and in the event any provision herefn of therein
<br /> contained shall be determined by e court of competent jurisdict(on to be unenforceable, the same shall be construed as though such
<br /> unenforceable provision were not part hereof or thereof.
<br /> 6. Effect of Rider. Except as specifically modified by or inconsistent with this Assignment of Rents Rider or by any other applicable
<br /> rider, all of the terms and provisions contained in the Securky Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, BoROwer has executed this Assignment of Rents Rider on the date fKSt noted above.
<br /> f1�G�- 4/.�7/Yi7/S/it�
<br /> oorrowsr KFiAI(7i D GARR�$0�
<br /> eo«owsr R DA L GAR IS N
<br /> STATE OF NEBRASKA
<br /> COUNTY OF HALL � ss:
<br /> On this 26th day of March 1998 , before me, the undersigned, a Notary Public duly commissloned and
<br /> qual'rfied for said county, personal�y came KRAIG D GARRISON AND BRENDA L GARRISON HUSBAND AND WIFE
<br /> be the identicel 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/the�voluntary act and deed.
<br /> Witness my hand and Notarial Seai at ISLAND g �(q
<br /> in aid county, the
<br /> date aforeseid.
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<br /> ��lyo Nota Pub W�LLIAM . M ELLAN
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<br /> My Commission expires: AUGUST 12 2000 '� ?'� �i
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<br /> F10815.LM0 (8/B4)
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