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��.1 I�IISCEL�I�AN�OUS RECORD V - 29058-TH[AUOOSTINECO.CRIINDIBLIIND,NEBR. � � � �� in further consideration of the su.m of One Dollar, receipt of which is hereby acknow�edged, said first parties do hereby assign and convey unto the second party, its successors and assigns, all of the renta, issues and profits from the real estate above described, now due and which may hereafter become due under or by vir�ue of any written or verbal lease, sub�ect to the following terms and conditions, to-wit: If any installment of principal or in�eres� on said loan sha11 become and remain delin- quent for a period of twenty days, or if the taxes or special assessments shall become de- linquent, or if default be made in the payment of fire or tornado inaurance premiums, or in the performance of any other of the covenants and agreements conta3.ned in the mortgage above referred to, the part�ies of the f irst part, their successora or assigns sha1l deliver to the said second party or its assigns, all e xisting leases to said above deacribed premises, and this assignment of rents ahall be construed as an assignment of all such leasea to the �aid second party, and said second party or its assigna is authorized as the agent of the aaid first par�i�s; To collect the r�nts from said property; to e�ect tenants for breach of the conditions of their leases, and without any obligation so �o do, to enter into leases with, and to lease said property or any p�rt thereof to tenants, at such rental and upon such terms as said second party or its assi�ns may determine; to sue for unpaid rents in the na,me of the Pirst parti�s, or in the nax.ne of '�he second party or its assigns; to com- promise and give acquittan�e Por such rental as may be duE at the '�ime this assignmen� ta.kes effect, or thereafter, upon such basis as sa3.d seeond party or it$ aasigns may determine. For its services as auch agent, the par�y of the second part or its assigns shall receive the uaual and customary fees for such services in effect in the City of Grand Island, Nebraska, at the time aaid services are performed. The rents and brofits coll�cted by �aid second party or its assigns, as such agent, ahall be applied as follows: l. To the payment of the operating expense of said propert3T, including cost of management and established claims for damages, if any, and premiums on such f ire, tornado and liability insurance as the said second party or its assigns may deem nee�ssary. 2. To the paym�nt for aervices and expenees in eonnection_wi�h �he rental of said premises, includ3.ng attorney� s fees incurred by the s�id. second party or its a�signs, in cannection with the enforcement of this agreement. 3. To �he pa�rment of taxes and special asseg�ments which may become due and delinquent on said property. �. To the payment of billa for reasonable and neeessary repairs on said prope�ty. 5. mo the payment of interest on �aid loan, which may become due and dellnquent. 6. To the payment of any installment of principal of said loan which may become due and dellnquent. 7. Any amount remaining after payments have been made as abo�e provided aha�l be paid to the parties of the first par'G, 8. It is further understood and agreed that while this asqignment is in force and effect, the said parties of the f irst part �hall not be relieved Prom the performance of any of the obligations of oti,mers of the premiges, or any of the co�renants or agreements contained in the mortgage above referred to, or in any lease or l�ases o�' the above des- cribed premises, or any part th�reof, nor shall said f irst parties be relieved from any liabil.ity for darnages on account of in�uriea sustained by any person or persons on, in, or about said premises, Por which sa.id first parties would be liable, but for this aasignment, said parties of the firat part further under�tand and agree that the s�cond party or ite asaigns is acting solely as the agent vf said first parties in whatever sa.id second party or its assigns does in connection �rith the premises, and that said second party as�umes no i lia�ility in any other capaci'Gy. This assignment is to remain in full foree and effect and is to be binding upon the successors or assigns of the parties of the first part until the indebtedness secured by said above descriiaed mortgage ahall be fully pa�d, or until such time as this instrument may be voluntar�.ly released by the seco�d party, its succeasors or assigns. IN WITNESS WHEREOF, said first parties have hereunto affixed their si�natures this llth day of May, 19�F8. Elfrieda Bartenbach e en onne nne . = orge W Bartenbach 1�nrg.tl�v I. Bartenbach _He.n�ietta Hartenbach�$aer STATE OF NEBRAaSKA � On thia llth day of Ma.y, 1948, before me, the undersigned, a Notary COUNTY OF HALL ss' Public, duly qualified for and residing in said Caunty, personally ap4�eared He1en Connell and W.W. Connell, wife and huaband, George W. Bartenbach and Dorothy I. Bartenbach, husband and wife, and Henrietta Bartenbach Baer, a widow, to me knc�n to be the identieal persons who executed the foregoing ass�gnment as parties of the f.3.rst part, an� they acknowledgec� �aid instrument to be their voluntary �,ct and deed. WITNESS my hand and notarial seal, the day and year last above written. �dith Thom� son � (SEAL) —'�To�ary u • c My comrnission expires Ma.y 19, 1951 STATE OF NEBRASKA )$S� On this 11'�h day of May, lg�$, before me, the und�rsigned, a C�UNTY OF HALL ) Notary Publlc, duly qualif3.ed for and residing in said County, personally appeared Elfrieda Bartenbach, a widovr, who is known to me to be the identical person ?-Jho executed the foregoing assignment as one of the partiea of the first part, and she acknowledged said instrument to be her volunta,ry act and deed. WITNESS my hand and notarial sea1, the day and year last abov� written. (SEAL) Edith Thompson My comr�ission expires May 19,195Z � �l(tar�� Filed for record this llth day of May, 19�8, at 2:00 o� clock P.M. Register of eed •�