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<br /> N��. �C����.�T�E��US �.�� ��.� �
<br /> TXEIIUGU{iINECO.�Z7B7 '
<br /> That said Trust Agreem�nt, among othern, contained the follov��in� provision;
<br /> "It is further a�;re�d that said Trustees or their survivor� or aucce�sors, are her�eby authorized,
<br /> empowered and directed to sel1. and convey by good arid suff icient deed - any and aIl of the assets
<br /> and propertiea purchased at said s�.le, either re�.l -----
<br /> and thP follovring provision:
<br /> "It is Pur�ther agreed that in the case of vacancy among said tr�ustees, said vacancy shall be fi?_led
<br /> by a ma,�ority of said trustees. This power may be exerci�ed from time to time and as often as a
<br /> vacancy may occur. "
<br /> Affiant further depoge� and says thAt sub8equent to the sale and prior to the delivery of $aid deec�
<br /> to-��it: on or about November �+, �932, Gue Holling resigned as one of the Trustees, which resignation
<br /> wa� accepted; that on November lI, 1932, the two remaining trustee4, to-wit, E.T.Rounds and John
<br /> Lueba unanimougly appoi�ted S.A.Sherrerd to fill the vacancy caueed by the re�ignation oP said Gus
<br /> Ho3:Iin�; tha.t there�.fter, to-vrit, on �iay 16, 193�, John Luebs resigned., wYiich reaignation wa� accep�ed
<br /> and that said Vt�.C&riCy �1AS not been filled; that the sole and only Trusteeg now are E.T.Rounde and
<br /> S.A. Sk�errerd, and th�.t the t��o s�id Trustees are t�ae �ole successora and survivors of the three
<br /> TrusteeG, gr�.nteeg in said deed heieinbefore referred to and are novr their �ucce�sore in ofPice.
<br /> E.T.Rounda
<br /> SUBSC<<IIlED in my pre4ence and saaorn to before me this �th day of July, i939•
<br /> A.J .Luebs
<br /> (SEAL� Notar°y PubY ic
<br /> ft2y commisGion Pxpires : July 6, 19�+5.
<br /> Filed for� record this � day of July, z93y, at 11 :15 o �cloek A.bi.
<br /> �:� ��
<br /> Register of Deeds
<br /> 0-0-�)-0-0-0-U-0-U-0-U-0-�-0-0-U-U-��U-�O-�-U-0-y��0 0-U-0-�-��g�,�-�o����i��� �
<br /> AS5IGP11�gENT OF RENTS �-ti-p �``'`���' ���J ���a����� °�� "f�` °�'-�j �
<br /> �-r-�.�ti-d?`/�.w°y'.�-� � �,� -G✓ `d .r-�"d'71 /� ' i Vi-s.��-Qi.�c.L
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<br /> KNOW ALL nnEN &Y THESE PRESEPITS. Lovrell E.Shaw and Frieda Shava, h�iaband d v if e, of the County
<br /> of Hall, State of DTebra4ka, for and in conGideration of the sum oP Thirteen Hundred & 00/100 Dollare
<br /> as a loan in hand paid to us by The �quitable Building and Loan Asaocistion, of Grand Island,Nebraska
<br /> a corporation, �,nd other good and valuable considerations, the receipt where-of 3s hereby acknow-
<br />, ledged, do hereby assign, t�,ansfer and set over to said As�ociation, as collateral security for the
<br /> duration of the I.oan, al�_ t�ie rents, income, and prof its accruing upon the following descrlbed
<br /> vroperty, situ�.ted in the County of Ha11,Sta.te of Nebra�ka, to-wit:
<br /> Lot Three ( 3) , Block One (1) , Koehler Place, a.n�Addition to the City of Grand Island,Nebraeka, as
<br /> the same i� surve�TPd, platted and recorded.
<br /> And vre hereb authorize and em ower The Equitable Building and Loan A�sociation, of Grand Ieland,
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<br /> Nebrf�.ska, its authorized ag�nts and attorneys, to �.et f'or us and rent the above described �remiQe$,
<br /> and in our place collect and receipt for said rent, at such pr�ices and upan wuch term� as it may
<br /> aee Pit. It is further expressly st3�ulated that, if t�ie �,ssignors, or their succes�ors, occupy
<br /> saic� premiges durin� thP existence of said loan, the As�ignee shall have the same rights of for-
<br /> feiture, e,�ectment fbr forcible entry and detainer, as such as�ignee might have against any other
<br /> ten�nt, v�rho has no interest or title in and to said premisee. The temporary waiver of the collect-
<br /> ion of the rents s�lall not be construed as constituting a relinquishment of the right� granted
<br /> he�°eunder, which rightQ r�ay be exercised at any time durin� the exiatence of the above mentioned
<br /> mortg�.ge or extension thereof.
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<br /> Thia assignment of rent being made for the expres� purpose of having said revenue applied to the
<br /> rep�.yment of the above mentioned loan.
<br /> Sf�i� As�ociation may, in its discretion, use the rents Uo far as it may deem nece�sary, f'or the
<br /> purpo3e cf makin� such re�aix�s upon the premises as, in its �udgment, may be proper and may use
<br /> said rPnts so far as necessary for t'rie payment of insurance premiuma and taxes upon said premi�es.
<br /> It ahall �,lso hd.ve authority to deduct f'rom said rents a fair compeneation, to be payable to sRid
<br /> Asaociatio n's AgentG, for services rendered in the collection oP said rents; the balance to be
<br /> applied upon the payment of monthly installr,►ents upon said loan.
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