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��_�_ <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 />