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<br /> 7NERUGUfTIMECO.-7GOG � � '
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<br /> 'j �SSIGI�I�NT OF RENTALS (i�ith �anagement Righta} �roperty No. 16�j$5 II
<br /> THIS AGREE�EN�,entered into this 2�th day of April, 1936, Betw��n DWIGHT J.DRULINER and ANNA M. �'
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<br /> ' DRULINER, hi� wiPe, residing at Grand Island, Nebraska, Part�C of the Fir`st Part (also hereir�a�ter;!
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<br /> reP�rred to as the OWNER) , and THE PRUDENTIAL IATSURANCF CO�PANY �F A�ERICA, � corporatiQn of the �;
<br /> � State of New Jerse havir� its rinci al oPfice at No. 6 Broad Strect I�e�rark N.J., Part of `
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<br /> ! the Second Part (also hereinafter referred to aa the PRUDEAiTIAL), !�
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<br /> �TTNESS�TH: � � � ��
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<br /> ! i�hereas, the PARTY OF THE FIRST PART. ia the present o�ner in fe� slmple of property briePly d�s- ��
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<br /> ; erib�d as Eaeterly One-third and the centerly (Jne-third of' Lot Thre� in Block Sixty-�ine, 4rig�.na�
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<br /> ; Town, Now City of Grand Island,Nebraska, described by metes and bound� as follows: Commencing at ;;
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<br /> '� the northe�st corner of said lot and running thence in a. southweste�Iy direction along th� north ;;
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<br /> line of said lot, Forty-four P�et, thence in a southeasterly dir�etion parallel to the ��st line !i
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<br /> of said lot a distance of �ne Hundred Thirty-t�o Feet to t�ie sot�th lir�� of said lot, thenc� in a �;
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<br /> Northeasterly di»�ction along South line oP sa�d lot to the Southeast corner th�reof, thence in a�,
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<br /> ' Northe�esterly direetion aZong E�st line of said Lot to the place of beginning, all according to ;E
<br /> ; th� oPficial plat thereof oP record and on file in the office of the Register of �eede of said 'k
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<br /> Gou���t. . 'i
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<br /> '! in the City of Grand Island, County of Hall and State of Nebraska, and the PASTY OF THE SECOND PA�tT
<br /> < is the owner and holder of a first mortgage covering the said prope�'Gy, which Said mortgage is in<<
<br /> the vriginal principal sum of EIGHTEEAT THOUSAND TV'10 HU�tDRED AND no/10�ths (�1F�,200.Q�) Dollare, ;j
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<br /> and was ex��uted by DWIGHT J.DRULINER and ANNA M.DRULINER, his wif�, under d�.t� of April 2�th �.93�,
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<br /> ; WHEREAS, the terms upon which the above loan was granted require the ma.king of this assignment ae;�
<br /> ! additional seeurity thereYor; , "
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<br /> NOP�, THEREFORE, THESE PRESENTS R�ITNESS, that in consideration of the for�gaing, and other good, :!
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<br /> � and valuable considera�ion, the OVGATER hereby sella, assigns, transf�re and sets ove.r to the ;;
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<br /> � PRUDENTIAL, all of the rents, issues and profits of the aforesaid mortgaged premiees, such assign�
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<br /> ' ment to remain in full force and ePfect at all time�a hereaPter when there �hall be a defa�lt exis�-
<br /> ' ing in any of �he payments or ifl performance of any oP the terms, covenants or eonditions oP the '
<br /> aPoresaid note or mortga.ge; it being the intention and agree�ent that t?�TTi�, there shall be such ''
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<br /> ; dePault, ThE Prudential Insurance Company of Ameriea shall not b� �ntitled to exercise th� rights '�
<br /> ;, given to it by this instrument. ;!,
<br /> THE OVFINNER hereby covenants and warrants to the PRUDENTIAL that n�ither he nor any prevlous owner .�
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<br /> , ha$ executed any prior as�ignm�nt of said rents, iesues and proPits, which now remains in Porce ij
<br /> and efP�et; nor has 'Ghe OWNER nor any previoue owner performed �.ny other act or �xeeuted any. othe�
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<br /> in8trum�nt which might prevent the Pr�.UDENTIAL from op�ratin� under any of the ter�s and condition�
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<br /> '; of this agreement, or which would limit the PRUDENTIAL in such operation. In Purth�ranee oP �ueh �;
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<br /> asstgnment, the �W1VER hereb� authoriz�s th� PRUDFNTIAL, at its option, to enter upon the said j�
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<br /> ', mortgaged premises by its officer, agent or emplaye�, for the collection of' rente, _ and f'or the
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<br /> operation �.nd maintenance of the sald mortgaged premises, the OYPRTER hereby au'Ghorizin�; the PRUDF�1*
<br /> TIAL in gen�ral to perform all acts nec�ssary f or the operation and maintenance oP the said premi�es
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<br /> ' in the same mAnner and to the same e�tent that th� OWI�R might reasonably so aet. For the purpos�
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<br /> of speciPying someof the pov�ers hereby granted to the PRUDENTIAL by the OV�NER, but not in limitat�on
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<br /> ' of thE general power �nd authorization h�reinabove given, the O�INER h�reby grants to the PRUDENTT.�.L
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<br /> 1the right and power, at its option and its discretion: �`.
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<br /> ; l. Tfl cQ7.Ieet all rents, issues and proPits of the aforesaid mortgag�d premises which may be now ;;
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<br /> �': due or which may �er�after accrue. The OWNER h�reby covenants and agr�es that he will, in all ji
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<br /> ,' necessary and reasonable ways, faeilitatc such colleatio� oP rents, iesues and proPits by th� ''
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<br /> IPRUDENTIAL, and will for that purpos�, iP so requeeted by the PRUDENTIAL, ex�cut� a written notic�
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