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<br /> 11�� SC �L�,A1�T�OIJS �ECC)RD S
<br /> rxa�ucusr�MCCO.+2�e�
<br /> It shall also h�.ve authority to deduct from said rents a Pair compensation, to be payable to eaid
<br /> Associ�.tion�s Agents, for services rendered in the collection oP said rents; the balance to be
<br /> applied upon the p�.yment of monthly installments upon said loan.
<br /> Dated at Grand Island,Nebr. this 7 day of February 1939•
<br /> Forest L.Huston
<br /> �litness: Ellen A:.Huston
<br /> Florence V.h�iyers
<br /> State of Nebraska ) On this 7 day of February �939, before me, the under�igned, a Notary '
<br /> �88�
<br /> Hall County ) Public, in and f or said County, Personally came Forest L.Huston and
<br /> EIIen A.Huston, each in their own right, and ae husband and wiPe, who are personally known to me
<br /> to be the Sdentical persona whose names are af'fixed to the above instrument as grantor8 and they
<br /> acknowledged the same to be their voluntary act and deed.
<br /> "�itness my hand and Notarial seal the date aforesaid. �
<br /> Florence V.�iyera
<br /> (g�,,) Notary Public
<br /> �Ry Cornmiasion expires August 27, 19�3• .
<br /> Filed for reeord thia 7 d�.y of �'ebruary, 1939, at �+:00 0'clock P.�I. ����
<br /> . Register of Deeda
<br /> 0-0-0-0-0-0-0-0-0-0-0-0-0-0-�-U-0-0-0-0-0-0-0-0-0-U-0-0-0-0-0-0-0-0-U-0-0-0-0-0-0-0-0-0-0-0-0-0-U»�
<br /> . ABSI(��ENT OF RENTALS (t�ITH �ANAGEMENT RIGHTS) 3�ortgage Loan No.299229-I �, �
<br /> ._.______.
<br /> THIS AGREEMENT, entered into this 26th day of January, �939, Bet�een Jamea A.Michelson and �mogen�
<br /> Fay �dictielson, hueband and �iPe, reaiding at Grand Island,Nebraska, Party of the Firat Part (also
<br /> hereinafter referred to as the OVP�TER) , and THE PRUDENTIAL INStiRANCE COB�PANY OF A�ERICA, a corporat
<br /> 'tion of the State oP Nea Jersey, having its principal office at No. 763 Broad Street, Ne�rark, N.J . ,
<br /> Party oP the 3econd Part (atso hereinafter referred to as the PRUDENTIAL) , _
<br /> - iNITNESSETH:
<br /> @�EREAS, the PARTY OF THE FIRST PART is the present owner in Pee simple of property briePly dea- '
<br /> cribed as The Northerly Forty-four (�+4) Feet oP the Southerly Sixty-Sia ( 66) Feet oP Lot One (1) ,
<br /> in Block ��ifty-Five (55) , in the original town, now city, -of arand Island,Nebraska.
<br /> in the city of Grand Island, County oP Hall and State of Nebraska, and the PAETY OF THE 3ECOND .
<br /> PART is the owner and holder of a first mortgage, covering the said property, which said mortg�.ge
<br /> �
<br /> � ie in the original principal aum oP Twelve Thouea�nd and No/100 (�12,�00.00) Dollars, and was
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<br /> execu�ed by James A.Michelson and Imogene Fay �ichelson, Y�usband and Rife, under date oY October
<br /> � 15. 1930, c�nd ,
<br /> WHEREAS, the term� upon which the above loan rvas extended require the ma.king of thls assignment
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<br /> � as additional aec�arity therefor. -
<br /> NOVP, THEREFORE, THESE PRESENTS WITNESS, that in coneideration oP the Poregoing, and other good-
<br /> � and valuable consideration, the O�f1NER hereby sells, assigns, tranafere and aeta over to the
<br /> •� PRUDENTIAL, all oP the rents, isaues and profits of the aYoresaid mortgaged premisee, su�h assign-
<br /> ment to rem�.in in full force and ePPect at aIl times hereafter when there ahall be a dePault .
<br /> existing� in any of the payments or in perPorn�ance of any oP the terms, covenants or conditione
<br /> � oP the aforesaid note or mortgage; it being the intention and agreer�ent that UNTIL there shall.
<br /> be such default, The Prudential Insurance Company of Am�rica s11aI1 not be entitled to exerciee
<br /> the rights given to it by this instrument. � ;
<br /> � The OINNER hereby covenants and warrante to the PRUDENTIAL that neither he nor any previous owner '
<br /> has executed any prior assignment oP said rents, issues and profita, �hich now remains in Porce ;
<br /> and effect; nor hae the Oi�NER nor any previous owner performed a.ny other act or executed any
<br /> other inatrument �vhich might prevent the PRUDENTIAL from operatin� under any oP the terms and '
<br /> conditiona of this agreement, or which would limit the PRUDE�+iTIAL in euch operation. In Purther�
<br /> ance of such aeaignment, the O�NER,hereby authorizea the PRUDEI�TTIAL, at its option to enter uponl
<br /> the sa3d mortgaged premieea by its officer, egent or employee,- for the collection of rents and
<br /> for the operation and maintenance oP the sald mortgaged premises, the OPINER hereby authoriziflg �
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