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<br /> � I�IISC�I�L.AN�OUS I�.ECORD V
<br /> 290D8-TH611U6UfTINECO.GR11XDifl'11MD.11!l11. � � � � . - -
<br /> ASSIGNNIENT OF RE?�tTALS
<br />' KNOW ALL MEA1 BY THESE PRESENTS: �
<br />� - - � � �
<br /> We, Florence Amelia Johnson and Henry B. Johnson, his wife, of Ha11 County, Nebraska, �
<br /> having heretofore made application to the Nebraska Loan & Trust Company, Grand Island; � �°�
<br /> Nebraska, for a loan on the premises described below, and in consideration of the said
<br /> Trust Company making said loan �.nd for other good and valuable consideration, receipt
<br /> whereof is hereby acknowledged, do here'py assign, transfer to said Nebraska Loan & Trust
<br /> Company as additional security for said loan on the rents, ineome and nrofits arising
<br /> out of the premises described as follows to-wi'�: �
<br /> Commencing at a point fifty (50) feet sou�h and thirty-three (33) feet eas� of �he `
<br /> Northwest Corner of �he Nor�hwes� Quarter of the Northwest Quarter (NW4NW�) , of Section 34� �``'
<br /> Township 11, Range 10, West of the 6th P.M. , and running thence south parallel with the �
<br /> wes� line of' said NW�NW� of Section 34�, to the right-of-way line of the Federal Highway '
<br /> No. 30, running thence northeasterly along the right-of-way line of the Federal Highway ��
<br /> to the southwest corner of a trac� deeded to John J. Kellogg and wife, con�aing 4.27 acres p ,
<br /> and recorded in Book 9�, page 590, of the records of Ha11 County, Nebraska, thence north o� �v
<br /> parallel with the wes� line of said NWgNW4 of Section 3�, 786.3 feet to a �point 50 feet
<br /> south of the north 13.ne of said NW4NW�, of Sect3.on 34, running �hence west parallel w�.th
<br /> the North line of' said NW�NW� of said Section 3�, 541.6 feet to the place of beginning, an ��
<br /> containing ax�tiroximately 11.59 acres more or 1ess. �
<br /> including all improvements now thereon si�uated and al90 including all equipmen� and fix-
<br /> tures. This assignment of rents is made for the express purpose of having the income from �
<br /> the said premises applied to '�he repayment of the above described loan and the interest �T
<br /> thereon, delinquent taxes, and insurance premiums which may be charged agains� the above Q
<br /> premises. Said company may, in its descretion, use said rents for the payment of said �` �
<br /> loan or the accrued in�erest thereon or dellnquent taxes or paymen� of insurance premiums �
<br /> as it may deem best.
<br /> We hereby authorize and empower the Nebraska Loan & Trust Company, its officers, agents or �
<br /> attorneys to act for us in the collection of the rent f rom all of said premises and to re-
<br /> ceipt f or said rent and to agree upon the prices of the rental �o be paid, and look after
<br /> the renting of said premises.
<br /> _ `
<br /> . IT IS FURTHER AGREES that if the undersigned assignors or their successors, occupy said � � ,
<br /> premises during the existence of said loan, the assignee shall have the same rights of '�
<br /> ' POr'F��.tU?"E� e�jectment for forcible entry and detainer and such other actions as it wou�d ��
<br /> have against any tenant occupying said nremises and having no interest therein. The Ne-
<br /> braska Loan and Trust Company may have the right to waive �he collection of any part of �
<br /> said rent and if it does so, it shall not bP construed as eonstituting a relinquishment
<br /> of any of the rights given under this assignment , but said rights may be exercised at any �
<br /> time said Trust Company deems it� advisable to do so and said righte shall continue so long �.
<br /> as the mortgage or interest or any part thereof remains a lien against said premises._ �
<br /> 0
<br /> IT IS FURTHER AGREED THAT the said Trust Company shall not be liable for the loss of the 9
<br /> eollection of any of' the rents and said Trust Company is only required to use reasonable �
<br /> • diligence in collec'�ing said rents and in the management of the property. The Trust Com-
<br /> pany shall have the right to deduct from said rents a fair and reasonable compensation such
<br /> as expense, court costs, and collection costs, which are incurred during the term of' this ,,/
<br /> assignment and af'ter deducting for the services, court costs, and other expen�es incurred �w � a
<br /> the balance shall be applied to the payment of the balance due cn said loan, or interest, �
<br /> or taxes, or insurance premiums in the manner in which said Trust Company shall deem best. ��+. � �
<br /> This assignment shall. be i'rrevocable and sha11 remain in force until the above described ��
<br /> loan and interest, delinquen� taxes and insurance premiums thereon shall be paid and until � � � ,
<br /> 9aid mortg�,ge is satisfied in fu�l. � �-
<br /> Dated at Grand Island, Nebraska this 12th. day of November, 19�8. � � �
<br /> 0
<br /> R, A. Krall Florence Amelia Johnson "� �
<br /> Witness Henr.y B. Johnson �
<br /> ) On this 12th.day of November, 19�8 bef ore me the under- �
<br /> Sta�e of Nebraska. � �
<br /> ) SS signed a Notary Public, duly com- �
<br /> County Of hall ) missioned and qualified f or and residing in said County, � �
<br /> personally came Florence Amelia Johnaon and Henry B. rt �
<br /> Johnson, her husband, to me known �o be the identical persons whoqe names are affixed to �
<br /> the f oregoing instrument and acknowledged the same to be their volun�ary act and deed. �
<br /> WITNESS my hand and Notarial Sea1 the day and year last above written.
<br /> ( SEAL) R, A. Krall
<br /> My comrnission expires 10-9-50. Notary Public
<br /> Filed for record this 12 day of November, 1.9�8 at 10:!�5 0' clock P�.M.
<br /> ;,,� Re iste�r of D� .
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<br /> ORDINANCE N0. 2123
<br /> An ordinance appropriating and condemnin� private property in the City of Grand Island,
<br /> Nebraska, for the use of said City for street purposes, bein� a tract of land containing
<br /> .036 acre more or less more particularly described as follows: Beginning at a point on the
<br /> East line of Vine Street said point being 19.1 Peet south of the intersection of the east
<br /> line of Vine Stree� and the south right-of-way line of the Chicago, Burlington and Quincy
<br /> Belt Line, thence east parallel to the south line of Lot Three ( 3) , Koehler Subdivision a
<br /> dis�ance of 10�.9 fe�t, thence southwe�t a distance of 10�.7 feet to a point on the east
<br /> line of Vine Street, thence nortn a1on� the eas'� line of Vfne Street a distance of 30.0
<br /> ° feet to the point of beginning, a11 in the City of Grand Island, Hall County, NebraskA, and
<br /> providin� for tne procedure in appropri�,ting such private property.
<br /> ;
<br /> WH�,'REAS, the Mayor and Council of the City of Grand Island, Ne'pras�a, find that it ig I
<br /> neceesary �hat private property all ?aithin the said City, be appropriated and condemned for
<br /> s�reet purposes. !
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