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<br /> - — - =-.�iYz]8➢12FIAC C66dPAN4,LIHC6GN.Nh'g
<br />'' ASSIGNM�'NT OF R:�NTS _
<br /> ( KN0�1 ALL �N BY TH�;SE PR�SE�ITS: That �re, the undersigned Harold Phelan and Charlott� Phelan,
<br /> � husband and wife, of County of Hal1 Sta,te of Nebra�ka, f.or and in consideratf.on of T�enty One
<br /> Hundred & No/100 DOLLARS, to us- as a Ioan in ha,n�. �aid by the DAVID CITY HUILDING AND LOAN
<br /> aSSOCIATION, of David City, Butler County, State of Nebraska, and other good and valuable con-
<br /> �� eideration, the receipt rovhereof is hereby acknowledged; do hereby assi�n, transfer, and set o r
<br /> �
<br /> to the DAVID CITY BUILDiNG AND LOAN ASSOCIATION, as coll�.teral security for said loan, for �o
<br /> jlong as said lo�.n or �.ny part thereof remains unpaid., the rent.s , and xevenue accruin�; for the
<br /> Iperiod of the duration of the loan above mentioned, upon the following deacribed property situ� :
<br /> � ated in_County of Hall, State of Nebraska, to-wit: - I
<br /> � The 8outherly Forty-four feet (So.ZI-4� ) of Lots One (I) and Two (2) , in Franctional Hlock Two
<br /> , (2) , of Gilbert� s Addition to Grand Island,Nebraska. - ;
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<br /> � And we hereby authorize and empov�er the DAVID CITY BUILiJING AND LOAN AsSOGIATION, its �.uthor- '
<br /> � iized a�ents and attorneys to act for us, and re�!t the above described premises or any part
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<br /> �! thereof, �,nd i.n our p2�.ce colZect and receipt for said rent, either monthly, quaxterl.yor yearl ,
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<br /> .� as they may see fit , and in default of the payment of said rent or any part thereof to procee
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<br /> � � in its own name by suit or suits at law for the recovery thereof in euch ma.nner as it sh�ll
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<br /> N �� deem fit. . - . '
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<br /> �IThis assignment of rent is being made for the express purpose of having the rent collected
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<br /> � �' hereunder apglied to payr�lents of principal, interest and fin�es on the 1oa.n of �2100.Q0 above
<br /> �� described, as agreed by us to be paid in the bond executed by us to said Association in �he
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<br /> �� sum o� �2100.00 and the real estate mort�age on the praperty above described securing said (
<br /> I bor�d. �
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<br /> Said�As�ociation ma.y, in its discretion, use the rente so f�.r as necessary for the purpose of
<br /> �
<br /> Imaking �uch repaire upon the premises as, in its �udgment, may be proper and ma.y use said ren s
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<br /> so far as necessary for the p�.yment of insurance premiums and taxes upon said premises , or an
<br /> other payments to be made by us under the terme of the bond and mortgage above mentioned, the
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<br /> balance to be applied upon the payment of monthly dues, interest and fines on s�.id certificat
<br /> � and lo�,n.
<br /> �; This aesignment and transf er of rente and revenue to be absolute to the extent of the total o
<br /> � the payments �.bove mentioned from �,nd after thia date.
<br /> I Dated this 27 day of Febr. A.D. 1932. �
<br /> Harold Phelan �
<br /> Witnesses; Charlotte Phelan � '
<br /> �
<br /> Mary Ransom. _ � I
<br /> � BTATE OF NEBRASKA ) On this 27th day of F'ebruary, .A.D. 1932, before me, the subscribe�, '
<br /> I $�.
<br /> HALL COUNTY � Notary Public, duly commissioned and qualified for and residing in
<br /> eaid County, pereonally a�peared Harold Phel�.n and Charlotte Phelan, husband and wif e, to me
<br /> k nown to be the identical persons described in and who executed the foregofng instrument as
<br /> grantor$ and they sever�.11y acknowledged the said instxument to be their voluntary act and
<br /> deed.
<br /> , IN �IITN�S� 'ANE�.EOF, I have hexeunto set my hand and Aotaxial Seal a� Gra.nd Ieland,Nebr. in s�, d
<br /> County, the day and year last written.
<br /> Mary Ransom
<br />! (SEAL) Notary Public
<br /> My cornmission expires Sept. E� , �936.
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<br /> ; Filed for reeoxd the 27th day of February, 1932, at 3:45 0� cloek P.�i. ����d �
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<br /> ,�, Re�ister of Dee s
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