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<br /> 1V�ISC �LI.A�T�OIJS �.�CORD S
<br /> TNEAUCV{TINECO.12787 � � � . �
<br /> WHEREAS, said aecond party de�ires further security for the payment of the principal oP said loan
<br /> and interest thereon, and taxes and epecial assessments which are or may be assessed agsins� said
<br /> property as they become due respeetively,
<br /> NOW, THEREFORE, in coneideration oP the m�.king of said Ioan by .8aid aecond party, and in further
<br /> considera�ion oP the sum of One Dollar (�1.00) , receipt whereof is hereby acknowledged, �aid firat
<br /> parties do hereby assign and convey unto the second party, ita succeasors or assigns, all of the
<br /> rent, issues and prof its from the real estate above described, now due and which m,ay hereafter bs
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<br /> come due under or by virtue of any written or verbal lease, sub�ect to the Pollowing terms and ecn-
<br /> dition�, to-wit:
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<br /> IP any install ment o�' principal or intereet on said loan shall become and remain delinquent Por a
<br /> period of ten d8ys, o'r iP the ta.xes or apecial assessments shall become delinquent, or if default
<br /> be made in the payment of fire or tornado insur�,nce premiums, or in the perPormance oP any other
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<br /> ! . of the co�.�enant$ and agreements contained in the mortgage above referred to, the parties of the
<br /> Pirst part, their successors or assigns, shall deliver to the said second party or its a,s�igns
<br /> aIl �xisting leases to said above described premises, and thi� aseignment oP rents ahall be con-
<br /> strued ae an asaignment oP alI such lease$ to the aaid second party, and said second party or its
<br /> assigns is authorized as the agent oP the sald first parties ;
<br /> Ta colleot the rents from said property; to e�ect tenants f'or breach of the conditione oP their
<br /> Ieases, and without any obligation so to do, to enter into leaees with, and to lease eaid property
<br /> or any part thereaf to tenants, at such rental and upon such terms as said aecond party or its
<br /> . assigns may determine; to eue for unpaid rent$ in the name of the first paxtiee, or in the name
<br />� of the second party or its assigns ; to compromise and give acquittance for auch rental as may be
<br /> due at the time this assignment takea ePfect, or thereaPter, upon euch bas4s as said second party
<br /> or its assigns may determine.
<br /> For its services as auch agent, the par�y of the second part or its assigns shall receive the
<br /> usual and customary Pees for such services in ePfect in the City of Grand Ieland,Nebraska, at the
<br /> time ssid services are perPormed. .
<br /> The rents and proPits collected by said second party or ita aesigne, ae such agent, ahall be
<br /> applied as follows :
<br /> 1. To the payment af the operating expens� oP said property, including coat of manage�nt and
<br /> establiahed clalms for damages, iP any, and premiums on such fire, tornado, and Iiabili�,y insuranC�
<br /> as the s cond party or its assigns may deem necessary.
<br /> 2. To the payment Por services and expenses in connection with the rental of said premisea, includ-
<br /> in� attorney' s Yees incurred by the said aecond party or its assigns, in connection with the en-
<br /> foreement of this agreement.
<br /> , 3. To the payment of taxes and apecial asaessments which may become due and delinquent on said
<br /> ' prop�t�y.
<br /> �F. To the payment of bills for reasonable and neceesary repairs on said property.
<br /> 5. To the payment of interes'� on sald loan, which may become due and delinquent.
<br /> 6. To the payment of any installment of principal of said loan which may become due and delinquent.
<br /> 7. Any amount remaining after paymenta have been made as above provided shall be paid to the par-.
<br /> ties of the first part.
<br /> �. IT I5 FURTHER UNDERSTOOD AND AGREED that while thie assignment is in force and effect, the said�
<br /> parties af the f3rst part shall not be relieved from the performance of any of the obligationa oP
<br /> avrners of the premises, or any of the covenanta or agreementa contained in the mortgage above re-!;
<br /> Perred to, or in any Iease or leases of the above described premises, or any part thereof, nor
<br /> ehall stzid first parties be relieved from any liability for damages on account of in�uries sue- j
<br /> tained by any person or peraons on, in or about said premises, Por which said firs� parties would;
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