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- ASSIGNMENT OF RENTS RIDER �S- �(��104
<br /> A
<br /> THIS ASSIGNMENT OF RENTS RIDER is made and executed this 211d day of April , 1998 . and is
<br /> incorporated into and shall be deemed to amend and supplement the Mortgage or Deed of Trust, hereinafter referred to as the "Security
<br /> Instrument", of the same date given by the undersigned, hereinafter referred to as the "Borcower", to secure Borrower's indebtedness,
<br /> hereinafter referred to as the "Note", to UNITED NEBRASKA BANK
<br /> , hereinafter �efeRed to as the "Lender", of the same date and covering the
<br /> property described in the Security Instrument and located at:
<br /> 4028 GREENWOOD GRAND ISLAND NEBRASKA 68803
<br /> (Propsrty Addr�s�)
<br /> WITNESSETH:
<br /> WHEREAS, Borrower and Lender have agresd that any rents and profits attributable to the property should constitute additional security
<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 include the following provisions:
<br /> 1. Assianment of Rents and Lender Rental Collection Ri�hts. Borrower hereby absolutely and uncondkionally assigns all rents, issues
<br /> and profits of the property to Bene(iciery. Lender shall have the right, power and authorfty during the continuance of the Securfty Instniment
<br /> to collect the rents, issues and profits of the property and of any personal property located thereon wfth or without taking possession of the
<br /> property affected hereby. Lender, however, hereby consents to Bonower'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 time, in default wkh respect to payment of any hdebtedness secured
<br /> hereby, or in the performance of any agreement hereunder.
<br /> 2. A000intment of Receiver. If any event of defauft in respect to the Security Instrument shall have occuned and be contMufng, Lender,
<br /> as a matter of right and without notice to Bonower or anyone claiming under BoROwer, and without regard to the value of the trust estate or
<br /> the interest of the Borrower therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property.
<br /> 3. Riqht to Possession. In case of defauft i� the payment of the said principal Note or interest, or any part thereof, as it shall mature,
<br /> or in the case of failure to keep or perform any of the convenants or agreements contained in the Security Instrument, then the Lender, its
<br /> successors or assigns, shall be and is hereby authorized and empowered to take immediate possession of the said premises therein
<br /> described and to collect the rents therefrom, and to apply the proceeds thereof to the payment ot the Note.
<br /> 4. Ap�lication of Rents. Issues and Profits. All rents collected by Lender or the receiver shall be applied tirst to payment of the costs
<br /> of management of the property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and
<br /> reasonable attorney'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 Securfty Instrument shall,
<br /> unless otherwise specifically required, be construed in accordance with Nebraska law, and in the event any provision herein of therein
<br /> contained shall be detennined by a court of competent jurisdiction to be unenforceable, the same shall be construed as though such
<br /> uneniorceable 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 Securfty Instrument shall continue in full force and effect.
<br /> IN WITNESS WHEREOF, Borrower has executed this Assignment of Rents Rider e date first noted above.
<br /> �
<br /> eorowsr R ARD K FREW
<br /> ,� - �
<br /> eoro •� AN ITA K R W
<br /> STATE OF NEBRASKA
<br /> � ss:
<br /> COUNTY OF HALL
<br /> On this 2tld day of __ Apl'll 1998 , before me, the undersigned, a Notary Public duly commissioned and
<br /> qualified for said county, personally came RICHARD K FREW AND ANNITA K FREW , HUSBAND AND WIFE,
<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 a ND ISLAND BRASKA in said county, the
<br /> date aforesaid.
<br /> ` CE N��q��pTq9 � �C` �'��-`-
<br /> '�y�o��q,y��sid�P otary Public yy�LLIAM L. MCLELLAN
<br /> My Commission expires: AUG UST 12 2000 �f�n q�c�F<<P6idf'�a
<br /> , �,o�
<br /> F10815.LM(i (8/94)
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