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<br /> �� ������ 1�1 �� '�.J �7 ��� ��� JL
<br /> 17604—The Augustine Co., County 3uppHea, Grand Island, Nebr. .
<br /> ASSIGNMENT OF RENTS„
<br /> KNO�a ALL MEN BY THESE PRESENTS: Frank L. �pencer and �atherine B. �pencer, each in their�
<br /> oUSn ri�ht, �nd as Husband and Wife, of the County of Hall, �tate of Nebraska, for .and in
<br /> consideration of tne sum of �1100.00 -- Eleven Hundred and No/100 Dollars, as a loan in
<br /> hand paid to tnem by The Ec�uit;a.ble Buildin� al�d Loan �4ssociation, of Grand Island, �ebrasl�a,
<br /> � a corporation, and other good and valua.ble considerations, the receipt whereof is hereby ',
<br /> acknowledged, do hereby assign, transPer and se'� over to said Association, as collateral
<br /> � s�curity for the duration of the loan, all the rents, incom�, and profits accruing u�on ,
<br /> the following described property, situated in the County of Hall, state of Nebraska, to-wit :
<br /> � All of Lot Three �3) , in Block Four �4) in the �riginal �'own, now City of Grand Island,
<br /> . ` Nebraska, as surveyed, platted and recorded. ,
<br /> , And we hereby autnorize and empower The Equi�able Building and Loan �ssociation, of !
<br /> � (�rand Island, I'�ebrask�., its authorized agents and attorneys, to act for us and rent the
<br /> ' above described pr�mises, and in our place collect and receipt for said rent, at such
<br /> � prices and upon such t�rms as it may see fit. f'� is further expressly stipulated that,
<br /> � �
<br /> �� if the assignors, or their succeasors, occupy said premises during th� �xistence of said
<br /> .
<br /> . loan, the Assign�e shall have �ne same rights of forfeiture, e,�ectment for forcibl� entry
<br /> � and deta.iner, as such assignee might have against any other '�enant, who has no interest
<br /> or �itle in and to saia ;�remises. The '�emporary waiver of the eollecti.on of t�ie rents
<br /> ' al1 not be coristrued as constitu'�ing a relinquishment of tne ri�hts granted hereunder,
<br /> wnich rights may be exercised at any time during the existence of' tne above mention�d
<br /> �-
<br /> �' mortgage ar extension thereof.
<br /> � � This �ssignment of rent being made for the express purpose of' ri�.ving said revenue
<br /> `�'� applied to the re�ayment of' the above mentioned loan.
<br /> � o� �
<br /> o �,,, Said Association may, in its discretion, use the rents so far as it m�.y deem necessary,
<br /> ..
<br /> � for the burpose of making such repairs upon th� premises as, in its ,�udgment, may be
<br /> � � -
<br />� � .
<br /> � prober and ma,� use said rents so fa.r as necessary for the payment of insurance premiums
<br /> ��' and taxes ubon said premises. I'� �h�.11 also have autnority to deduct Prom said rents
<br /> � � ..
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<br /> � f�ir com�ensation, to be payabl.e to said Association 's Agents, for services rend�red in
<br /> . �
<br /> _ the collection of said rents; the �alanee to be ap�.�lied upon the payment of monthly install-
<br /> � ments u��on said loan.
<br /> vated at Grand Island, Nebr. this �th day of Nov. 1940 :
<br /> �o Witness : Frank L. Spencer �
<br /> � Florence V.Myers HER
<br /> Witness to Mark: Florence V.Myers Catherine B. X Spencer
<br /> .o
<br /> �j MARK
<br /> �� � � �State of' 1�'ebraska ) On this �th day of Nov. 19�+0, before me, the undersigned, a,
<br /> � ) ss:
<br /> Hall County ) Notary Public, in �nd. for said County, Personally came Frank
<br /> L, Sp�ncer arzd Catherine B. �pencer, .each in their own right, and as Husband and Wife, who
<br /> are personally known to me t� be tne idPntical persons whose names are �affixed to the
<br /> above instrument as grantors, and they have acknowledged tne same to be tYieir volunta.ry
<br /> act and deed.
<br /> Witness my Yianr� �.nd Not�rial seal the d�.te aforesaid.
<br /> Florence V.My�rs
<br /> (SEAL) " ' Notary Public
<br /> My Commission expires August 27, �-9�-3•
<br /> Filed for record this 13th d�.y of November, 19�-0, at 11: 30 0 ' clock A.M������
<br /> egister of eed
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