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<br /> �1tIS� �ELLA.�T�EOtJ� ]E��� OR� �'
<br /> 17604—The Augustine Co., County SuppHea, Grand Island, Nebr.
<br /> ASSIGN�ENT OF R�NTS�, � �
<br /> KNOW ALL NiEN BY THESE PRESENTS: V�alter W.Pawell and Clara Powell ,each in their own right, ��
<br /> and as Husb�,nd and wife, of the County of Hall ,State of Nebraska,for and in coneideration �
<br /> of the sum of �enty-six h�.ndred and no/100 Doll&rs as a loan in hand pgid to 'Walter �V. � •
<br /> Powell by The Equitable Building a,nd Loan Association,of Grand I$land ,Nebraska,a corporat-
<br /> ion,and other good and valuable considerations,the receipt where-of ie hereby acknowledged,
<br /> do hereby assign,tranafer and �et over to said Association,as colla,tergl security for the \
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<br /> dura,tion of the loan,all the rents,income ,and profits accruing upon the following deserib- �
<br /> ed property,situated in the (7ounty of Hall ,atate of Nebraskeito-wit;- Lo� Eight (�) Block � �
<br /> Five (5) t�iebe' s Addition to the City of Gra,nd Is1�d,Nebraska,and aleo - Lot Eight (�) �
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<br /> Bloek Two (2) Bonnie Brae Addition to the City of Grand Island,Nebrask�,g11 being as sur-
<br /> veyed,pla�ted and recorded. �
<br /> And we hereby authorize and empower The Equitable Building and Loan Associa,tion,o2 Grand �
<br /> Island,Nebraska,its authorized a,gents and attorneys,to �,ct for us and rent the above
<br /> describ ed premises ,and in our place col lect a,nd receipt for said rent ,at such prices and
<br /> upon such terms as it may aee fit. It is further expresslg atipulated tha,t,if the aesignors,
<br /> or their successors,occupy aaid premises during the 'exietence of said loan,the qssignee �
<br /> shali have the sa,me rights pf forfeiture,ejectment for forcible entry and detainer,as
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<br /> euch assignee might ha,ve against any other tenant ,who has no interest or title in �,nd .to '
<br /> sa,id premises. The temporary w�,iver of the colleation of the rents sha11 not be construed �
<br /> � a,s conatituting a re7.inquishm�nt of the rights granted hereunder,which rights may be ���
<br /> exercised a,t any time durir� the existence of the above mentioned mortga.ge or extension ' �°�
<br /> ' thereof. �
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<br /> This assignment o� r�nt being made for the express purpose of having s�id revenue applied
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<br /> to the repayment of the above mentioned loan. .
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<br /> Said qssociation may,in its discretion ,use the rents so fa� as it may deem necessa,ry,for �
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<br /> the purpose of making such repairs upon the premises as ,in its judgment ,ma,y be proper a,nd �`
<br /> may ut�e sa,id rents so far as necessary for the payment of insur�,nce premiums and taxes �
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<br /> upon said premises.It shall also h�,ve authority to deduct .from said rents a fair compen- � �
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<br /> sa,tion,to b� pRy�,b1e to said Associat�on� s Agents,for services rend�r�d in the collect�on �
<br /> of said rents;the balance to be applied upon the payment of monthZy installments upon said
<br /> loa.n. �
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<br /> - D�t�d at Grand Isla�d�Nebr.this 27 day of Ja�uary,1940. �
<br /> �al ter W.Powell
<br /> . �itness: ,�A
<br /> Flor�nce V.Myers Clara Powell -�
<br /> $t�te of I�ebr�,ska
<br /> � �s: On this 27 day oi January 19�+O,before me ,the undersigned,a
<br /> Hall County )
<br /> Notary Public ,in ,a,i1d for said County,Personally came V�alter
<br /> W.pow�11 and CZara Powell ,each in their own right ,and as Huaband and �tife ,who are per$on-
<br /> ally known to me to be the identical persone whose names are affixed to the above instru-
<br /> m�nt $s gran�tor ,and th�y acknowledged the same to be their voluntary act and deed.
<br /> Witness my ha,nd and Notarial seal the date a�'oreeaid.
<br /> Florence V.Myers
<br /> ( SEAL) Nota�'y Public
<br /> �dy �omrnis�s�on expire� August 27 ,1943. .
<br /> Filed t'or record thie 29 day of January,1940,at 2:20 orclock P.�.
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<br /> Register of Deeds
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