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<br /> 11�� SC]�L�A1�TT�O�JS ��COR.D S
<br /> TxEeucuanxtco.+2�e�
<br /> gSSIGND�iENT OF RENTS �
<br /> KNO�'� ALL �dEN BY THESE PRESERTTS,fihat whereas the undersigned,Claire P.Detweiler and John �G.Detweil�ir,
<br /> wife and husband,each in her_an& his own right indebted to EQUITABLE LIFE INSURANC� COI�PANY OF
<br /> IO�GA,DES� MOINES, IOWA, in the principal sum of Thirteen Thousand and no/100 do17.a,rs and interest
<br /> thereon as evideneed by one repayment contract of date March 1,193� and se�ured by mort�age to
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<br /> the EquitabZe Life Inaurance Company,, of date March 1,193� on the follo�ing described property
<br /> situated in the County of Hall and state of Nebraska,to-wit; Lots Seven and Eight (7 and �) in
<br /> Block One Hundred seven ( 107) ,Railroad Addition to the City of Grand Island.
<br /> N01�,THEREFORE, in consideration of the aforesaid and of the said Equitable Li�e Ineurance Company '
<br /> of Iowe makin� the above mentioned mortgage loan to the undersigned and the further consideration
<br /> of one (1) dollar in hand paid to the undereigned,we the said Claire P.Detweiler and John W.
<br /> Detweiler ,wife snd husband,each in her and hia own right do hereby agree with the said Equitable
<br /> L�fe Insurance Company of Iowa that until the said mortgage loan aforementioned shall be fullp
<br /> paid as provided in said contract and mortgage,all rents ma,turing or payable from tenants of the
<br /> said property,present or future,shall be payable to the said Equitable Life Insurance compan� of
<br /> Iowa to a.pply on the said loan whene�rer and so long as de�and theref or may be made by said Comp-
<br /> any;and do hereby assi�n to the said Company all rente which may become due or owing f rom any and
<br /> all tenants of the eaid property under any leases or tenancies now existing or which may be here- .
<br /> a after ereated,until said loan shall be fully paid,and do hereby authorize and direct sueh tenant
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<br /> or tenants to pay to the s�id Company all rents whieh may be due or payable by such tenant or
<br /> tenants upon demand b eing made therefor by the said Compa.ny. .
<br /> � �e further a�ree that if default occurs in the full and complete performance of any of the a�ree-
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<br /> '� ments covena,nts and promises in said contract and/or mortgage above referred to,and st�ch default
<br /> continues for a period of �hirty (30) dayB,on demand of the said Company we will deliver to it al�.
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<br /> � then existing le�ses covering the premises above described or any paxt thereof,and this aesign- 1
<br /> ment of rents ehall be construed ae an assi�nment of all such leases to said Company. '
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<br /> And we further agree that s�id Company maq from time to time appoint and dismiss agents for the �
<br /> care of the said property,and grant to any such agent or agents so appointed full and irrevocab le
<br /> � authority on our behalf to manage the praperty and do alI acts relating to aueh management ,includ�
<br /> ing amon� others �the making of new leases (without obligation so to do) ,the alteration or amend-
<br /> ment of existing leases,the authorization of repairs or_replacements to maintain the buildin� or
<br /> buildings and chattels situated on said property in good and tenantable condition,the purchase
<br /> out of the rents of such additional furniture and equipment as the Company in its eole diseretion;
<br /> rpay deem necessary to the maintenance of a proper rental value of the property,and the payment
<br /> of a11 taxes �assesements and premiume of f ire�tornado and liability insurance;and that all rents
<br /> collected by such agent ar agents,after payment of the costs of collection thereof,costs of man-
<br /> a,gement ,including such agent or agentst compensation,repairs and upkeep of said property,and pay-
<br /> ment of all taxes,assessments and insuran ce premiums�shall be payable to the said Company to
<br /> apply on sa,id mort�a,ge debt.
<br /> And it is further understood and agreed that the said Company under this assignment is in nowise '
<br /> assuming,nor shall it assume or be held for any responsibility or liability for the collection of
<br /> sny rents or income f�.am the said proper�y,or any responsibility or liability for the car� of
<br /> maintenance of said property or keeping the same rented, or any responsibilitq or liabili'�y for o�
<br /> in aonnection with any act or acts of 'any a,$ent managing $aid property;and is and shall be respon-
<br /> sible or Iiable only for the faithful accounting for ail rents received by it.
<br /> It is further understood and �greed that this instrument shall in nowise constitute or be coneid-;
<br /> ered as a waiver on the part of said Company of any of its ri�hts or rem�dies under ite eontract
<br /> and mortgage heretofore referred to,and that the application by it of thefrents received from the_ ;__.�
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