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<br /> G. AS�IGNMENT OF LEASES. Upon Lender's request. Borrower shall assign to Lender all leases of the ".. � , . ' ` ,
<br />...�: • s r` �-
<br /> Properiy ar.d all security deposits made in connection with le�ses of the Prapem•. Upon the assignment. C.ender �
<br />, . ` . . • ,
<br /> shai! have the right to modify,extend or termmate the exuting leases and to execute new leases.m Lxnder's sole _ ___ __ ___
<br /> ..�'.j _ .. .•• :v.�_c..,... '...1.. tr+...innt i.nn �.��_ __ �S_ -
<br /> __. - ' snnii me�an ' ,uuir,�c �� o��.,....,:t.� —"
<br /> - discretwn.As used�n thts paragraph Ci. tne worci ��tease" ",`••-„--,•••_ i �•
<br /> a leasehold. : .
<br /> ` H. ASSIGNMEh"f OF IdENTS: APPUINTAtENT OF I3ECEIVER: LENDER IN POSSESSION. __ ;,,....._.,���: � .
<br /> �� Borrower absolutely and unconditionally a�uigns and transfers to Lxnder all the rents and revenues t"Renu"1 of -_.,:°� •-.�-.�: . .� :-
<br /> : �:�.,c ,
<br /> the Property. regardless of to whom the Rents of the Property are payable. Borrower authorius Lender or ,,. y�;��..•
<br /> Lender's agents to wllect the Rents.and agrees that each tenant of the Property shall pay the Rents to C.ender or -'r�.--'�r-'�-=_==
<br /> i..ender's agents. However. Borrower shall receive the Rents until ti)Lender has given Borrower notice of default `;..��;;��_.
<br /> pursuaru to paragraph 21 of the Securi[y Instrument and(ii)Lender ha�given notice to the ten;enqsl that che Rents .:,1 . � ,_� _
<br /> are to be paid to Lenrter or L.ender's agent. Thi�a+�ignment of Rents constiwte�an abtiolute a,signment and not ....,._,"'�'"'"�� '�_
<br /> an a+signment for additiunal�ecurity oniy. ��"`��'!� '
<br /> if Lender gives natice nf breach to Borcower: 1�)sll Renu received hy Borrower xhall be held by Bonower ;;�;��C"'"�
<br /> a,trustee for the benefit of Lender emly.tu be applied[o the sum.ti secureel by the Securit Instrument:lii!L.ender . ! ,
<br /> y :�;-_� —
<br />� ',�. ,hall be entitled in callect and receive aU of the Rents of the Property:(iiil Borrower agrees that each tenant of the .,.,:�,—_
<br /> Property shall pay al! Rents due and unpaid tu l.ender or Lender's agents upon Lendcr's written demand to the �,•;�,���_�:`"
<br /> tenant: liv) unless a�plirsblc law provides otheswise. all Rents collected by (-ender iir Lender's agentti shall be _'^._''�'!��. : -
<br /> . �a�rurrrs,�
<br /> � appliod first to the cos��uf taking a�n[rol of and managing the Pruperty and collecting the Rents, including. 6ut ` � �� •_ -
<br /> � �et limited to, attorneys' fees, receiver'+ fees, premiums on receiver'ti bonds, repair and maintenance costs. ':�_ � � � :;�: `
<br />. ;., insurance premiums, taxes,atisessments and other charges on the Property, and then to the sums secured by the � �'_
<br /> •�-.:
<br /> Security instru►rKnt;(v)Lxnder.Lender's agents or any juJicially appointed receiver shall be liable to account for �°`' . _
<br /> . only those Rents actually received: and (vi) Lender shall be entitled to have a receiver appointed to take ��.�,' �' :�! : -`
<br /> i,
<br /> ' possession af and manage the Property and collect the Rents and profit,derived from the Property without any
<br /> . showing as to the inadequacy of the Property as security. - ��.:.r .
<br /> �.�� If the Rents of the Property are not sufficient to cover the costs of taking controt of and managing the s �•
<br /> Property and of collecting the Rents any funds expended by I.ender for such pucposes xhall became indebtedness ,';��°
<br /> of Borrower to Lender secured by the Security Instrument pursuant ta Uniform Covenant 7. '
<br /> Borrower represen[s and warrants that Borrowe�has not excxuted any prior assignment of the Rents and has �",.,�? ����� `
<br /> • not and will not perform any ac[that would prevent Lender from exercising its righcs under this paragraph. '_ � . � .. :��.F .,
<br /> - Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take � '�`�F_',
<br /> : _� control of or maintain the Property before or after giving notice of defauit to Borrower. However, Lender, or ^ ;'
<br /> Lender's agents or a judicially appointed receiver, may do so at any time when a default occun. Any application -�'
<br /> �� of Rents shalf not cure or waive any default or invalidate any other ri�.ht or remedy of Lender.This assignment of �
<br /> � Rents of the Propeny shall terminate when aU the sums secared by the Security Instrument are paid in full. =�'�_
<br /> I. CROSS-DEFAULT PR�VISION. Borrower's default or breach under any note or agreement in which -----��—
<br /> - � Lender has an interest shal!be a breach under the Sa:curity Instrument and Lender may invoke any af'the remedies
<br /> � �•4� permitted by the Security Instrument. - - -
<br /> � ! BY SIGNING BELOW. Borrower accepts and agrees to the terms and provisions contained in this 1-4
<br /> . Family Rider. �„���z:;_=
<br /> PATRICK INVESTMENI'S, INC., A NEBRASKA CORPORATION ����'� —
<br /> . . ��,�o, . ✓� n// //11/Jrvll�n O/J �Scai) �'�a��.
<br /> y' I�eal)
<br /> ' ' R K HNSON� HESI ENT """`r R . J I�FSON� NOIVIDUAL �B" �` n
<br /> � . ;'
<br /> (Seal) ' (Seal) �� _
<br /> -Bortowcr Fl�,rcuwcr � ��.-...�-_-� . .
<br /> -�� PATRICIA A. J�HNSON, SECRETARY PATRICIA A. JUHNSON, INDIVIDUAL � : —
<br /> : 4�;:�,a��--,�; . _ .
<br /> , '4�F .
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<br /> , • Form p170�3f93 t.;�:� - .� _
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