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<br />- 4g84-SSATE JOURNAL COMPANY,LWCOLN,Nfi8 � -� � � � -
<br /> party of the second part has agreed to advance to the party of the first part said further
<br /> (! sum of ��F&�1. 6� ,provided, the payment of said enti.re sum of �12,OOO ,together with interest
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<br /> ii tnereon from this date ,at the rate of eight per cent.per annum,payable semi-annually,is
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<br /> �, secured by the assi�n��ent by the �,rty of tne first part to the party of the second part
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<br /> "- of all the rents ,issues ,and �xofits arising from the real estate hereinbefore raentioned
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<br /> ;; and described,including aIl leases under tiv:�ich said real estate is now held and the rents ,
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<br /> `� issues , and p�ofits to wnich the party of the first part is entitled under said l�asea,in-
<br /> i cluding the le�,se to the Blain Live 5tock Commission Company,and the lease to the Gr�md
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<br /> �i Island HQrse & Mule Campany,the party of the second part herein,and any leases which may
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<br /> �� be hereafter entered into coverin� the real estate hereinbefore mentioned and described,
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<br /> �i or any part thereof,until said sum of �12 ,000 due from the party of the first part to the
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<br /> ': party of the second part ,together with interest tneieon, at the r a�e of eight per cent.per
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<br /> ' annum fror� this date,and payable semi-annually ,hae been fully paid,and said Blain Live Stock
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<br /> - !I Commiesion Company,and said Grand Island Horse & Mule Company ,the paxty of the second part
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<br /> �' herein ,axe hereby autuorized and directed to pay to the P�oples State B�,nk of Grand Island,
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<br /> ;j Nebraska,for the use and benefit of the pa.rty of the sec�nd part herein a�l rentals ,roy-
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<br /> �i alties ,and other payments due from them to the party of the first part under the leases
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<br /> a now held by tAem or wi�ich they may nereafter enter into with the party of the first part ,
<br /> � until said sum of �12 ,OOO ,toge�aher with inte-rest thereon as above stated,due from the party i
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<br /> I of t�e first part to tne party of the second part ,has been fully paid,and a,ny fu�ure less-
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<br /> (� ees of the real es�ate and property hereinbefore described,or any part thereof ,are hereby
<br /> �� authorized and directed to pay all royalties and rentals due under any such leases to the
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<br /> ',!� said Pecb�le� s State Bank of Grand Island,Nebraska,fox the use and benefit of the party
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<br /> �; of the second part ,unt il sa�d sum of �12 ,000 ,together �vith i.nt erest thereon,has been fully
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<br /> " i paid to the pa,rty of the second part.
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<br /> �� And whereas ,in order to protect said property it is necessary that the taxea levied and
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<br /> , a e ed aga nst e am e pa in due season; that the interest upon the mortgage in
<br /> � favor of said Commercial State Bank be pa.id wnen the same falls due and payable; that the
<br /> �j insurance upon the building on said real estate be kept up and the premiums thereon paid I
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<br /> wnen due;that commencing with December 31 ,Z926 ,Thomas E. Bradstreet be paid the sum of
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<br /> ;, �2�0.00 per ;nonth,A.L.Sradstreet the sum of �125.00 per month ,and Deo Bradstreet the sum of
<br /> � �125.00 per month,and that the premium upon :��7 ,OJ4.00 of life insurance upon the life
<br /> �I of the said Ttiomas E.Bradstreet now in force be paid when the same become due and payable ,
<br /> NOW,THER�FORE,it is hereby stipulated and agreed i�y and between the pa rties hereto ,that
<br /> the party of the first part is justly indebted to the party of the second part in the full
<br /> sum of Twelve Thousand Dollars (�12 ,000) ,evidenced by the promissory notes of the party I
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<br /> � mf the first par� ,and the said Thomas E.Bradstrect ,bearing even date herewith ,one for the
<br /> sum of �711�.32 and one for the sum of ���1. 6� ,due upon demand and bearing interest from
<br /> this date at the rate of eight per cent .per annum,and to secure the payment of said proirr-
<br /> issory notes ar�d the moneys therein mentioned,the party of the first part hereby sells ,
<br /> iassigns ,transfers and sets over to the party of tne second part all of the rents ,royalties,
<br /> inco:ne ,and profi�s fro�a the real estate hereinbefore described,including the leases to the
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<br /> Blain Live Stock Commis�ion Company,and the Grand Tsland Hgrse & Mule Company , party of the
<br /> � secc�nd part herein,and all rents ,royalties,and payments hereafter to become due upon said
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<br /> ( leases ,and both of them,and al1 rents,xoyalties and payments due or to become due upon any
<br /> I leases to the real estate hereinbefore described,or a,ny part thereof,which may be entered
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<br /> into ,until said sum of �12,OOO ,to�ether with interest thereon at the rate of eight per cent .
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