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�� 1V�� E��A.��JS ��E� �� S .. TNEAUGUfTINtC0.12787 � . . . . . . . . the said nortgage Ioan aPoementioned shall be fully paid as provided in said contract and mortgage, aIl rents maturing or payable �'rom tenants of the said property,present or future,shall be payable to the said Equitable Life Insurance Company of Iowa to apply on the said Ioan whenever and so long as demand therePor may be made by said Company;and do here�y assign to the said Company aIl ' � rent� which may become due or owing from any and alI tenants ot' the said property under any 2eases or tenancies noar exi8ting or whlch may be hereafter created,until said loan shall be Pully paid� and do hereby authorize and direct such tenant or tenants to pay to the said Company alI rent8 which may be due or payable by euch tenant or tenants upon demand being made therePor by the Said Company. I �/e Pu�ther agree that if default occurs in the full and complete performance of any of the a�ree- ments covenants and promises in said contract and/or mort;a�e above referred to and such dePault continues t'or a period of thirty (30) days,on demand of the said Company we �rill deliver to it all then existin�; Ieases covering the premises above deecribed or any part thereof,and this as�lgnment of rente shall be construe� as an assignment of alI auch Ieases to said Company. And we further agree that said Company may from time to time appoint and dismiss agenta Por the care oS' the said property,and grant to any such agent or agents so appointed full and irrevocable authority on our beh�.lf to manage the �roperty �.nd du �,11 acts relatin� to such mana�ement, includ- ing amon� others the m�.king �f new leases (without obligation so tq �o) , the alteration or amend-= ment of exigtin� 'Leasea, the authorization of repair� or replacernents t� ma,intain the building or buildings a,nd chattels `situa�ed on said property in good and tenantable condition, the purchase out of the rent� af such additional furniture and equipment as trie Company in its soZe diacretion may deem necessary to the ma.lnten€+nce of a proper rental value of the property, and the pa,yment of all taxes, �.g9e:�sments �.rid premiums of Pire, tornado and liability insur�.nce; and that a1I rents collectPd by such agent or agents, after payment oP the costa of colleetion ther�of, co�ts oP man�,ge ment, includin� such agent or ag�rcts ' compensation, rep�.irs and upkeep of said property, and pay- ment of all taxes, assessments and insurance pre�ium�, shall be payable to the said Company to a�pply on said mort�a.ge debt. And it is further underatood and agreed that the said Company under thie assignment is in now3se assumin�, nor s1za11. it �,ssume or be held for any responaibility or liability for the collection o�' a�ny rents nr income from the said propertsT, or any respansibil.ity or Iiability Por the care or maintenance of said propert,y or keeping the sarne rented, or any responsibility or liability for or in connection with any act or actg of any agent managing said property; and is and ahall be res- � ponsible or liable only Por tk�e faithful accounting Por all rents received by it. It is Purther understood and agreed th�.t this instrument s}ia.11 in nowise constitute or b� consid- ered aq a waiver on the part of said Comp�.ny of any of its rights or remedies under ita contract and mortgF�.ge heretofore' rePerred to and tha� the application by it of the rent�,r�ceined Prom the property above described to the raortgage debt heretoPore rePerred to shall not operate in any �ay to waive any default that mi�;ht thereafter exist under tYie contract and/or the mortgage, and that the payment of the indebtedriess secured by such instrument� may be accelerated in accord.a,nee with their terms notwithstanding the acceptance a,nd/or appllcation of such rents, and that said Company may proceed at lae� or equity to enforce its rights under said contract and mort�age notwithstanding it or some agent appointed by it c�ntlnues in possPSSion of the property herein re2'erred to and continu�s to colI.ect the rents therefrom. It is further understood and �reec� tYiat the failure of the said Company to make dem�.nd for or to collect any of tYie rerits from the above described property or any part thereof or to demand assign- � ment of' r�ny leases, �r��.11 not constitute any v��aiver on its part to make any future or other demands i therefor. IN 'GV'ITNESS 4VFi�:REOF, the said L.R.JonPS and Dorothy A.Jones, husband and wiPe, hereby bind themselves, ,