��_�_
<br /> 11�� SC �LLAI�T]EOYJS R.ECOI�D S
<br /> TNFAU6UfTIXlC0.12767
<br /> ASSIGNMENT OF' RENTS �j
<br /> KNOW ALL MEN BY THESE PRESENTS, That whereas the under�igned, George L.Jensen and Rubye ensen
<br /> hu$band and wife, each in hie �,nd her own right, indebted to Eq,UITABLE LIFE INSURANCE CO NY OF
<br /> IOWA, DES MOINES, IOWA, in the principal sum of Two Thou�and Nine Hundred and no/100 doll s and
<br /> interest thereon as evidenced by one repayment contract of date N�arch I, 193�, and secure by mor�-
<br /> gage to the said Equitable Life Insurance Company of Iowa, oP date March 1, �93�, on the ollowin�
<br /> � described property situated in the County of Hall and State of Nebraska, to-wit:
<br /> Lot Seven (7) in Fractional. Block Three (3) , Ashton Place an Addition to the City of Gran Iela.nd.i
<br /> NOV7, THEREFORE, in consideration of the aPoresaid and of the eaid Equitable Life Insurane Company
<br /> � oP Iowa rr��.king the above mentioned mortgage Ioan to the undersigned and the further consi eration '
<br /> oP one (1) dollar in hand paid to the undersigned, we, the said George L.Jensen and Rubye .Jensen
<br /> �� �
<br /> husband and wife, each in his and her own right, do hereby agree with the said Equit�Ie ompany
<br /> : oP Iowa th�.t until the said mortgage loan aPorementioned aha.11 be fully pa.ici as provided said
<br /> eontract and mortgage, all rents maturing or payabl.e from tenanta of the said property,pr sent or
<br /> future, shall be pAyable to the said Equitable Life Insurance Company oP Iowa to apply on he -s?id
<br /> loan v�henever and so long as demand therefor may be made by said Company; and do hereby a sign
<br /> to the said Corapany all rents which m�.y become due or owing Prom any and all ten�nts of t said
<br /> property under any leases or tenancies novr- existing or which may be hereaPter are�.ted, un il said ;
<br /> loan shall be fully paid, and do hereby authorize and direct such tenant or tenants to pa to the !
<br /> said Comp�.nv alI rents, v�hich m�,y be due or payable by such tenant or tenants upon deman being ;
<br /> m�.de therefor by the said (�ompany. '
<br /> We further agree that if default occurs in the full and complete performance of any of th agree- ;
<br /> mentq covenants and promises in said- contract and/or mortgage above rePerred to, and such efault �
<br /> continues for a period oP thirty (30) days, on demand of the said Company will deliver to t all '�
<br /> � then existing leasea covering the premisea above described or ar.�y part thereof, and thi� signmer�t
<br /> ` of rents shall be construed as an assignment of all such Ieases to said Company.
<br /> And we fL�rther agree that said Company may from time to time appoi.nt and dismiss agents f the
<br /> � care of the said property, and grant to any such agent or agents so appointed fuZl and ir vocablej
<br /> 0
<br /> � authority on our behalf to manage the property and do aIl acts relatin� to such managemen incluc�ing
<br /> � a,mong others the making of new l�;ases (without obligatien so to do) , the alteration or ara dment qf
<br /> � existing Ieases, the authorization of repairs or replacements to maintain the building or uildin�s
<br /> •� and chattels situated on said property in good and tenantable condition, the purchase out f the '
<br /> rents of' such acld.itional furniture �.nd equipment as the Comprzny in its sole discretion ma deem
<br /> necessary to the mainten�.nce of a proper rental value of the property, and the p�.yment of 11 taxes,
<br /> asses�ments and premiums of fire, torna.do and liability inaurance; and that all renta col cted b�
<br /> such agent or agents, after payment of the costs of collection thereof, costs of manageme , includ-
<br /> ing such agent or agents ' compensation, repairs and upkeep of said property, and pa,yment a.11 t�.xes
<br /> assessments and insurance premiuma, shall be payable to the said Company to apply on said ortgagg
<br /> debt.
<br /> ,
<br /> And it is Purtner underatood and agreed that the said Company under this assignment is in owise
<br /> assuming, nor shall it assume or be held for any responsibility or liability for the coll tion o�
<br /> any rents or income Prom the said property, or any responsibility or liability for the ca or
<br /> rraintenance oP s�.ici property or keeping the same rented, cr Any responsibility or liabili for or
<br /> in connection with any a ct or acts of any agent managing said property; and is and shall resporl-
<br /> � sible or liablP only Por the fai�hful accounting Por all rent� received by it. �
<br /> It is further underQtood and agreed that this instrument sh�.11 in nowise constitute or be onsid- '
<br /> �
<br /> ered as a waiver on the part of said Company of any of its rights ar remedie� under its c tra.ct, !
<br /> and mortgage heretofore referred to, and that the application by it of the rent� -Fece,�vgd r��.�`:th� ___
<br />
|