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RENTAL ASSIGNMENT <br /> In consideration of the Nebraska Loan & Trust Company,, Grand <br /> Island, kebraska, making a loan to me/us the undersigned, in the <br /> sum of 34500.00 which is to be secured by a First Mortgage <br /> on the following descri ed real estate: Lot 1,2,3 and 6 of Hayman's <br /> Subdivision of the WkNW4,Section 25, Township 11 North, Range I0, <br /> in Hall County ,Nebraska and Lots 1,2 and 3, in Block 6, in Dill and <br /> Huston's Addition to the City of Grand Island, Nebraska. <br /> and for the purpose of further securing said loan we here sell, <br /> assign and transfer unto the Nebraska Loan & Trust Company, Grand <br /> Island, Nebraska, all rents or rentals and income to be due or <br /> received from said property and hereby agree that in case of default <br /> of the payment of any taxes when the same shall become delinquent, <br /> or in the• case of default of the payment of any interest • on said <br /> mortgage, or in the default in the payment of any insurance when <br /> due, or Upon the payment of the principal of said mortgage when the <br /> same shall become due, then and in any of the said events, the <br /> Nebraska Loan• & Trust Company is hereby authorized and empowered <br /> to collect all rents from said property and to apply the same to <br /> the payment of the taxes, the interest, insurance or principal <br /> which may be in default and this assignment shall constitute suff- <br /> talent authority for said Nebraska Loan & Trust Company to collect <br /> and apply said rents as above set forth and the undersigned further <br /> consents, in case of default,• to the immediate appointment of a <br /> receiver upon application to the court having Jurisdiction for the <br /> purpose of collection of said rents 6r rentals as set forth, <br /> This assignment shall be irrevocable until said mortgage and <br /> all delinquent taxes, interest and insurance premiums have been <br /> paid in accordance with the terms of the mortgage to be executed <br /> by us on the above property. -f <br /> u Dated this 9 day of August 1954 <br /> • <br /> ;1 .3t at a Of -Nebraska ) SS. <br /> County Of Hall <br /> On this 9th. day of: August 19 54 , before me, a Notary <br /> Public in and for said County came: <br /> -I Frank W.Stauss and Angela N. Stauss, as joint tenants with right of <br /> surv.ivo,rship. <br /> ,own to be the identical persons whose names are affixed to <br /> �:'• a a1So "g instrument and they acknowledged the execution thereof to <br /> :<; <<=be '_tre 'rvoluntary act and deed for the purposes herein set forth. <br /> . IN TIMONY WHEREOF, I -have hereunto set my name and affixed <br /> ' itay tee.7 • he day and year last above written. <br /> 9 <br /> 40mmission expires Notary Public <br /> Filed for record August 9, 1954, at 2:40 P.m. <br /> Register of Deeds <br /> Hall County, Nebr. <br /> s-si <br />