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<br /> �jLot Five O Block Five (5) in Gilbert �s 3econd Addi�ion to Grand Island; and _ ��
<br /> '` Lat Seven (�7� of Gilbert 's Subdivision of Block One (1) of Gilbert 's Second Addition to Grand ,
<br /> ;: Isl�.nd, as surveyed, platted and recorded. - �+
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<br /> �? This agre�ment is made for the express purpose of having the net proeeeds from the rent and incom'I�
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<br /> ' collected� hereuncier applied to the payments of principal, intereat and fines on the lvan above i;
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<br /> ': described, as agreed in said note and mortgage to be paid to said Assoeiat3on, and 1t is agreed ;
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<br /> " that said Association sh�.11 first be reimbursed Por aIl surns paid f'or collection fees and for all�'
<br /> ' mis s and in- recouerin oesession thereof' from de��
<br /> icosts, fees and expenses in protecting said pre e g p �-
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<br /> ;�� linquent tenan�Gs or other persons. � �;
<br /> !� Said Association may, in its discretion, use the rents so Par as necessary f'or the purpose of �j
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<br /> making such repairs upon the premises �,s in 3ts �judgment may be proper, and �nay use said rents ;
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<br /> ! so far as necessary for the payment of in�urance premiums, taxes and assessments upon said premis�s ,
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<br /> ; or any other payments to be made by the und�rsigned under the terms of the note and mortgage men-;�
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<br /> ; tioned above, the balance to be apnlied upon the payment of mon�hly dues, interest and �'ines on .;
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<br /> �,# s�.id certificate and loari. '�
<br /> '� It is further agreed that said Association ahall in no case be liable for the fai3ure to proeure ;!
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<br /> '� tenants for said premises or for fail.ure to collect rents from said tenants, or failure to prosec�ite
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<br /> ��� actions to recover possession of sa,id premises, or for any damages in handling said rent accountsji
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<br /> i� and in caring for said premises or any part thereof. ;i
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<br /> 'IThe power a,nd authority to e�Ilect and app7-Y 8aid rents and revenue �h�.11 be absolute to the exte�t
<br /> ,; of the total of the payments above mentioned �rom and after this date and shall not be terminated�'
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<br /> �i,� v�ithout the written consent of said Association and shall be binding upon the undersigned and upo�
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<br /> ;; the heirs, reprecentativas, succeasor$ and assigns o� the undersigned. ii
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<br /> ;f Da��d this 3rd day of Dece�nber, 1935• i�
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<br /> � In the presenee of: �;I
<br /> il C.T.Flower Otto Schmidt ;i
<br /> Alma �ewes Schmidt ;;
<br /> j STATE OF NEBRASKA )$� � � i;
<br /> ! COUNT�'� OF' HALL ) On this 6 day of December, 1935, before me, a Notary Public in and for ��
<br /> �� �aid .Co�xntyt p�r4onally ��,rne the above named Otto Schmidt and Alma Mewes $�hmidt, husband and wifi�� ��
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<br /> ;; who a re personally knov�n to me to be the identical persons whose names they aPfixed to the above i� � �
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<br /> `i instrument as grantors and they acknowlec�e ��aid instrument to be their voluntary act and deed. '!
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<br /> i, Witness my hand and Notarial Seal the date last aforesaid. ',�� �
<br /> � � C.T.Flower „ �
<br /> ;� (SEAL� No�Gary Public
<br /> '; My commission expireg September 9, 1937. �
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<br /> � Filed for record this 9 day oP Deeember, 1935, at 2;3� o clock P.b�. � /,������c �j , � ,
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<br /> Register oP D ed �
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<br /> '� 0-0-0-0-0-Q-0-0-0-0-0-0-0-(�-0-0-0-�-0-0-0-U-U-0-0-0-0-0-0-0-0-0-0-0-U-0-0-0-0-0-0-0-�-0-0-0-0-0-0�- �,
<br /> �'; ASSIGNMENT OF RENTS. I;�
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<br /> �' KNOW ALL �IEN BY THESE PRESENTS : That I, the undersigned, Pau7. C.Huston, Trustee of the Cou�.ty oPj� �
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<br /> i! Hall, State of Nebraska, for and in consideration of Twa �housa.nd Two Hundred and No/100 Dollar��� � �
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<br /> �' as a loan in hand paid to me by The Home Federal Saving and Loan Ass 'n of Grand Island,Grand +;�
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<br /> i �Island, Nebraska, and other good and valuable �onsideratlon the receipt whereoP is hereby ack- �� °;�
<br /> nowled ed to hereb asGi n transfer and set over to said Association as collateral securit '' '�
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<br /> i; for the duration oP the loan, all the rents, income and profits aceruing upon the following ;; ��
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<br /> �� described property, situated in the County of Hall, State of Nebraska, to-v�it: � ��
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<br /> ; Lot Three (3) in Block Five ( �) in Schimmer's Addition to the Cl�y oP Grand Island, a� surveyed„� �
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<br />�� �j platted and recorded. ,,' � w
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<br /> '� And I hereby authorize axid e�power the Home Federal Sav�.ng and Loan Ass �n of Grand Island, Grand;j �
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<br /> �' IsZand, Nebraska, its authorized agents, and attorneys, to act for m�, a,nd rent the aboved des- ;1 �p
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<br /> ii cribed premises, and in my pla.ce collect and receipt f or said rent, at such prices and upon such�j
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<br /> '+ terms as they may see fit. i, , A
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<br /> i� This assignment of rent being made for the express purpose of having said revenue applied to th�j
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