|
�� ��.-_�
<br /> t���
<br /> �� �� ���.C�1\ �� dJ � ��� ��� �
<br /> � TXCAUGU6TIN[CO.iP787 � . �� '-'
<br /> ASSIGI�I4IETIT OF REPrTS s
<br /> KNU4V ALL MEN BY THESE PRESETiT�, That tivhereas the undersigned, Willia.� D. Thuernagl� and FloreneP
<br /> A.Thuern�.gle, husband and v�ife, each in his and her own r•'.��ht, indebted to EQUITABLE LIFE INSi1RANC�
<br /> COMPANY OF IO�VA, DES MOINES, IOVirA, in the principal sum of Two Thousand and no/100 dollars and in-.
<br /> 'tel"'PSt thereon t�s evid�:nced by one repayment contract of date April 21, �g3�, and secured by mort-
<br /> g�.�e to the s�,id Equitable Life Insurance Company of Iowa, of date April 21, i93�, on the following
<br /> d�e-�r���
<br /> �property situated in the County af Hall and State of Nebrask�, to-wit;
<br /> Lot �, Block 20, F�.irview Park Addition to the City of Grand Island,Hall County, Nebraska.
<br /> NOZ'l, THEFtEFORE, in con4lderation of the aforesaid and of the said Equitable Llfe Insurance Company �
<br /> of Iov�a m��.king the above mentioned mortgage loan to the �:ndersigned and the furt�.2r consideration
<br /> of one (I) dollar in hand p�.id to `the undersigned., vte, the said William D. Thuernagle and Florence �
<br /> ,
<br /> A.Thuern�.�le, husb�.nd r�nd wife, each in his and her ovm right, do hereby agree with the said Equit- �
<br /> able Life Insurance Company af Iov�a that until the said mortgage loan aforementioned ah�ll be Pull:y�
<br /> paid as provided in said contr�.�ct and mortgage, all rents maturing or payable Prom .tenants of the �u
<br /> N
<br /> said propert�r, present or future, shall be payable to the said Equitable Life Insurance Company of �
<br /> Io�;a. to apnly on the said loan v�henever and so long as dem�and therePor may be made by said Company;l�
<br /> � � ti
<br /> and do hereby assi�n to the said Company all renta which may become due or owing Prom any and all v
<br /> . �
<br /> tenants of the s�.id propFrty under any leases or tenancies now existing er which m�.y be here�.fter
<br /> cre�,tec�, until said Ioan �h�ll be Pully paid, and do hereby authorize and direct such tenant or
<br /> tenants to pay to the said Comp�ny a7_1 rents;which may be due or payable by such te�ant or tena.nta
<br /> ' upon demand being made therefor bythe said Company.
<br /> We further agree that if default occurs in the full and corr.plete performance of any oP the agree-
<br /> mente coven�,nts and promises in said contract and/or mortgage above referred to, and such dePault '
<br /> continues for a period of thirty� (30) d.ays, on demand of the said Company we will deliver to it
<br /> ' alI then existing leases coverin� the premises above described or any psrt thereof, and this assign=
<br /> ment of rents shall lae conGtrued as an �.ssignrnent of all such 1Fases to said Company.
<br /> And we further agree that sald Company may Prom time to time appoint and diamiss agents for the
<br /> care of the sa.id property, and gra.nt to any such a�ent or agents so appointed full �znd irrevocable
<br /> �,uthority on our behalf to manage the property and do alI acts relating to suCh man�,gement, includ-
<br /> ing amon� othera the ma�inh of new leases (without obligation so to do) , the alteration or a.mend-
<br /> ment oP existin�,� leases, the authorization of repairs or replacements to maintain the building or
<br /> buildin�;s and chattels situated on said property in good and tenantable condition, the purchase
<br /> out oP tYie rent� of such addition�.I furniture and ec�uipment as the Company in its sole discretion
<br /> m�.y deem necessary to the maintenance of a proper rental value of the property, and the payment o�
<br /> aIl taxes, assessments and premiums of fire, torn�.do and liability insurance ; and that all rents
<br /> collected by such agent or agents, after payr�ent of the costs of collection thereof, costs of
<br /> man�.genlent, including such agent or agents � compensation, repairs and upkeep of said property, a nd
<br /> payment of all t�.xes, as�essments and insurance p-remiums, sh�.11 be payable to the s�.id Company to
<br /> apply on �aid mortga�e debt.
<br /> i
<br /> And it is furthF=r understood and agreed that the said Company under �is assignment is in nowise
<br /> ' assuming, nor sr.taZl it assume or be held for any responsibility or liability for the collection oP
<br /> any rents or inco�e f rom the said property,or a�y responsibility or liability for the care or
<br /> maintenance of said property or keepin� the same rented, or ar�y responsibii�ty or liability for
<br /> or in cor�nection v��ith any act or acts of any �.gent ma.naging said property; and is and shall be
<br /> reaponsible or liAble only for the faithPul accounting for all rents received by it.
<br /> It is further ur�derstood and agreed t7iat this instrument sh�.11 in nov�ise con�titute or be consider�ed
<br /> as a waiver on the p�.rt of said Company of any of its rights or re�nedies under its contract and
<br /> mort�age here�ofore referred to, and that the applic�.tion by it o�' the rents received �rom the
<br /> ' �
<br /> i , � -
<br /> ' __---- -
<br /> � _
<br />
|