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<br /> l�YJI� ���JLs�� l'�I �� �.J � ��� ��� V
<br /> 21817—The Auguatine Co., County Supplies, Grand Island, Nebr.
<br /> A5SIGPJ�;�ENT OF RET�;TS.
<br /> KNOW ALL IviEN BY T�IESE PRES��TS : -
<br /> We,Galen E.Gabby and Helen A.Gabby, eacla in klis or izer o�vn right and as husband and wife
<br /> �
<br /> o� Hall County,Nebrasb.a,llavin� hereto�or� made appl3.cation to tlle Nebraska Loan & Trust
<br /> Company of Grand Island,RTebrasYa, �'or a loan on tile premises described belo�,and in con-
<br /> sideration o�' the said Trust Compa,ny mak�ing said loan and for otizer good and valuable
<br /> consideration,receipt �•rllereo; is hereby ac�,nowledged, do l�.e-reb3r assign and transfer to said
<br /> Nebrasl�a Lo�,n �c Trust Company as aadi�ional security for said loan, the rents, income and
<br /> profits a.r3,s�n� out oP tlie preMisea described as follows, to-v��it;
<br /> Lot Twenty three (23) and East Hal� of Lot Twenty Four ��) ,of Sass Subdivision,locatedort
<br /> �hart of tE1e Northeast Quarter of Nor'�lieast Quarter (1�E2 NE4) , o� Section 1�, in Township
<br /> 11,Ran�e �,Weat o� the 6th.p.F�. •
<br /> Ttlis assignment of rents is made �'or tlle e�€press p�x pose of lia,ving tlle incor�e from tkZe
<br /> said premiaes applied to the repayment of tk�e above`d.escribed loan and the interest thereon,
<br /> delinquent taxes, and insuxance pre�nluns which mati* be ciiax�ed a�a.inst tile above premises.
<br /> Said Company may, in its discretion,use said ren'ts �or the pay�ent of sa3d loan or the �
<br /> accrued 3.nterest t�iereon or delinquent taxes or payment of insurance premiums as it may
<br /> deem best.
<br /> '�e,hereby authorize and empo�ver the 1`debraska Loan & Trust Company, its o°�icers, agents or
<br /> Attorneya to act �or us in tlze collection of the rent from all of said premiaes and to � �
<br /> receipt for said rent and to a�ree upon the prices of the rental to be paid,and look after
<br /> the r�nting of said pre�Iises.
<br /> IT IS FURTHER AGREED,�hat if '�l�e undersigned assignors or tEzeir successor.s,.occupy said
<br /> premises durin� tl�e exlstence of said loan,tlze Assignee, sliall have the sa�e rights o�
<br /> �or�eiture, e,�eetment for �orcible entry and detainer and such otlier actions as it would �,
<br /> have against any ter�ant occupyinF said premises and fiaving no interest tlierein. �
<br /> The Trust Compan,y may Izave the rigllt to tivaive tlze col7.ection of any part of said rent and �
<br /> i�' it does so, it shaZl not be construed as constituting a relinqu3.shment of any o�' ttie
<br /> rights given under this assignment,�ut said rights may be exercised at ar�y time said Trust
<br /> ' Company deems it advisable to do so and said righ�s alza,ll continue so long as tlie mort�age �
<br /> or interest or any paxt tllereo� remains a lien a�;ainst said prer�ises. �
<br /> I2 IS FURTHER A(�tEED Tl�.at tlze Said Trust Comuany sha11 not be liable Yor the loss Qf the �I
<br /> eollection o�' an;; rents and said Company is only rea�uired to use reasonable diligence in
<br /> collecting said r.en�s and in tlze mana�ement o� said property.The Trust Conpany sl�all �iave
<br /> the right to deduct �'rom said rents a �air and reasonable compensation, sucll as expense,
<br /> Court cos'Gs,and collection costs,which are incu-rred durin� t�ie terr.i of this assi�nnent ;
<br /> and a,Yter deducting �'or tlZe services, Court costs and other expenses incurred, t4ie bala.nce
<br /> shall be applied to tlZe payment of the balance due on said lo�r�.,or interest,or taxes,or
<br /> insurance premiur�s in the Manner in wlzich said Trus� Company s11a11 deem beat.
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<br /> This assi�nment shall be irrevocable and shall remain in �orce un�il tize above described
<br /> loan and interest, delinquent taxes and insurance premiur�s ttiereon slial.l be paid and until • '
<br /> said mor��;a�e is satis�'ied in ful2 and released.
<br /> Dated at Grand Island,this 31 day o�' i��+lay,19�{;'Fi. Galen E.Gabby
<br /> '' H el en A.Gabby
<br /> WITNESS.
<br /> H.J.KnicL*reY�
<br /> State o� Nebrasl�a, )
<br /> )ss On this 31 day of P�iay,1��6 be�ore me the undersigned,a Notary
<br /> Hall County. ) Publie, dul�� commissioned and quali�ied for and re�iding in
<br /> said count�,personally came Galen E.Gabby and Helen A.Gabby,
<br /> each in liis or' her own riglZi; and as husband and wife, to me known to be the identical
<br /> persons whose names are a��ixed to tlie fore�oing instrurnent and acknowledged. tfie same to
<br /> be tlleir voluntary act and deed.
<br /> VGitness my hand and Notarial Seal tlae day and year last above v�rritten.
<br /> r�y Co�unission expires It�Iarclz 16,1�52. � SEAL) H.J.Knicl�rehm
<br /> RTo#�ary Publ3c
<br /> Filed �or record this 31 day of I�ay,19�+6,at 11 0 'clock A.1�. .✓'
<br /> . Q�,����
<br /> Register of D ds
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<br /> �TQ'��L ASSIGNMENT
<br /> In congidera�ion of the Nebraska Loan 8c Trust Company, Grand Isl nd, Nebraska, ma�ing a �
<br /> loan to me, the undersi�ned, in the sum of Thirteen thousand and No�100 (�13000.00) �7ollars
<br /> T�hich is to be secured by a First Mort age on the: -
<br /> Lot One (1) and the Easterly Five (5� Peet of Lot TT�ro �2) , in Hlock 2'h.irty-three (33)
<br /> of the Ori�inal Town, now C3ty, of Grand I�l�.nd, Nebraska.
<br /> anc� for the purpose of further securing said loan, �r1e hereby sell, assi�n and transfer � •
<br /> unto the Nebraska Loan & Trust Company all rents or rentals and income to be become due �
<br /> or received from saia prope,��ty and hereby agreQ that in case of default of the payment of
<br /> any taxes Trrhen the same become delinquent, or in the case of def�.ult of the payment of any �
<br /> inter�st on said mort�age, or in the default in the payment of any insurance premiuma �rhen
<br /> due, or upon the payment oP the T�rincipal of said mort�;�,ge when the same becomes due, then c�
<br /> and in any event, the Nebraska Loan & Trust Company is hereby authorized and empowered to �'
<br /> collect a7.1 rentals from saic� property and to apply the same to the payment of the taxes,
<br /> th t t s �
<br /> e in eres in urance or rinci al which b in default nd this assi mm �t shall n-
<br /> ma. e a e c o
<br /> � I� P Y �
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<br /> stitute sufficient authority for said Trust Company to collect and apply said rents, as
<br /> above set fortll and the undersigned further consents, in case of dePault to the immediate \
<br /> ap��ointment of a receiver upon apnlication to the court h�,ving ,jurisdic� tion for the purpose �'
<br /> of collection said rentals as above set forth. �
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