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upon demand for payment thereof by said Company, its successors and assigns, it
<br /> being understood and agreed , however, that until such demand is made the parties
<br /> of the first part is authorized to collect, or continue collecting, said rents,
<br /> issues, profits, revenues, rights and benefits, but that such privilege shall not
<br /> operate to permit the collection by assignors of any instalment of rent in advance
<br /> of the date prescribed in said lease or leases for the payment thereof.
<br /> The term of this assignment shall be until the certain note and deed
<br /> of trust or mortgage, dated January 11th, 1954, made, executed and delivered by
<br /> FRED MEHRING and HELEN MEHRING, husband and wife, BILL PETERSON and HELENE PETERSON,
<br /> husband and wife, and NICK JANSON, a single man to THE OHIO NATIONAL LIFE INSURANCE
<br /> COMPANY, covering the above described premises for the sum of FIFTY FIVE THOUSAND
<br /> AND NO/100ths DOLLARS ($55,000.00) shall have been fully paid and satisfied, or
<br /> until the expiration of the period of redemption, if any, at which time this assign-
<br /> ment is to be fully satisfied, cancelled and released, and the releasing of said
<br /> deed of trust or mortgage shall constitute a release hereof.
<br /> This assignment is given as additional security for the performance
<br /> of each and all of the obligations and covenants of the note and deed of trust or
<br /> mortgage above described (or any extension or renewal thereof), and the amounts
<br /> collected hereunder, less the expenses of collection, if any, shall be applied on
<br /> account of taxes on said real estate, insurance premiums and delinquencies of
<br /> principal and interest thereunder.
<br /> It is expressly covenanted and agreed by the undersigned parties of
<br /> the first part, assignors, that at the time of the execution and delivery of this
<br /> assignment, there has been no anticipation or prepayment of any rents by the tenant
<br /> occupying the above described property or by the Lessee in the above described
<br /> lease, except insofar as payment may have been made by said lessee on the first
<br /> month's rent under said lease, and, also, insofar as the last one or two months'
<br /> rent of the entire term of said lease may have been prepaid by said lessee.
<br /> It is further covenanted and agreed that the parties of the first
<br /> part, assignors, and their heirs, executors, administrators or assigns, shall have
<br /> no right, power or authority to alter, modify or amend the terms or any of them,
<br /> of the above described lease in any particular whatsoever without first obtaining
<br /> the consent in writing of THE OHIO NATIONAL LIFE INSURANCE COMPANY to such alteration,
<br /> modification, or amendment.
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