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<br /> ASSIGNMENT OF RENTS
<br /> KNOW ALL MEN BY THESE PRESENTS that John W. Detweiler and Claire P.
<br /> Detweiler,-husband and wife, and each in his and her own •right, for and in consid-
<br /> eration of a loan of $23,000.00 by The First Trust Company of Lincoln, Nebraska,
<br /> secured by a first mortgage held by The First Trust Company of Lincoln, Nebraska,
<br /> and other good and valuable consideration, the receipt whereof is hereby acknow-
<br /> ledged, do hereby assign, transfer and set over to The First Trust Company of
<br /> Lincoln, Nebraska, as additional security for the payment of aforesaid mortgge
<br /> loan and any delinquencies thereon, for so long as aforesaid loan or delinquencies '
<br /> thereon, or any part thereof remains unpaid, the rents accruing upon the following
<br /> described property, located in the City of Grand Island, Hall County, Nebraska, to
<br /> wit:
<br /> The West 44 feet of Lot 7, Block 107, in Railroad Addition to the
<br /> City of Grand Island, Hall County, Nebraska,
<br /> And the said John W. Detweiler and Claire P. Detweiler, husband and wife
<br /> hereby authorize and empower the said The First Trust Company of Lincoln, Nebraska
<br /> its authorized agents and attorneys, to let for John W. Detweiler and Claire P.
<br /> Detweiler, husband and wife, and rent the above described premises or any part
<br /> thereof, and collect and receipt for said rent, either monthly, quarterly, or
<br /> yearly, as they may see fit, and in default of the payment of said rent or any
<br /> part thereof to proceed in its name by suit or suits at law or equity for the re-
<br /> covery thereof in such manner as they shall deem fit.
<br /> This assignment of rents is being made for the express purpose of having
<br /> the rent collected hereunder applied to payments of principal and interest, taxes,
<br /> and hazard insurance on the loan and delinquencies thereon above described as
<br /> agreed by John W. Detweiler and Claire P. Detweiler, husband and wife, to be paid
<br /> on the note executed by John W. Detweiler and Claire P. Detweiler, husband and wife
<br /> to The First Trust Company of Lincoln, Nebraska, and the real estate mortgge on the
<br /> above described real estate securing said note.
<br /> The First Trust Company of Lincoln, Nebraska, may, in its discretion,
<br /> use the rents so far as necessary for the purpose of making such repairs upon the
<br /> premises as in its judgment may be proper and may use said rents so far as neces-
<br /> sary for the payment of insurance premiums and taxes on said premises, or any •
<br /> other payments to be made by John W. Detweiler and Claire P. Detweiler, husband
<br /> and wife, under the terms of the note and mortgage above mentioned, the balance to
<br /> be applied upon payment of principal and interest on said loan.
<br /> This assignment of rents is intended to apply only in case of the default
<br /> of the undersigned in the payments specified in the above note and mortgage or any
<br /> delinquencies thereon. In such case The First Trust Company of Lincoln, Nebraska,
<br /> may waive collection thereof for spaces of time, at its option, but such waiver
<br /> or failure to collect hereunder shall not be construed to be a waiver of the right
<br /> to collect any subsequent installment of rent.
<br /> The delivery of a copy of this instrument to any tenant or tenants occu-
<br /> pying said premises or any part thereof shall be sufficient to require said tenants
<br /> to pay said rent to The First Trust Company of Lincoln, Nebraska, until further no-
<br /> tice or until the amounts delinquent on aforesaid loan have been paid. When said
<br /> loan is paid in full, a release of the aforesaid mortgage shall be deemed to be a
<br /> release of this assignment without further evidence thereof.
<br /> ,
<br /> Dated this day of
<br /> A/ 0143ht7AE-c-r--
<br /> o n . Detweiler, husband
<br /> STATE OF" 1SKA) SS. /J� �
<br /> HALL COUNTY ) ga.e. � =ei121
<br /> C1 i e P. De eile , wife
<br /> d1 day of ®c�.�J 1gJ7,j- th
<br /> a N,c )'c. i and for said County, a ore me, a it ersigned,
<br /> .... ..• y, personally came John W. Detweiler and
<br /> ClierveiWifk4 ler,. husband and wife, to me personally known to be the identical
<br /> pez ree4. are affixed to the above con yance, and acknowledged the exe-
<br /> ct t`1QlA a tc be .;their voluntary act and de
<br /> -.0a -tnesa :.hand and Notarial Seal at , in said
<br /> ed9a* ;he .dfbty^:: dkear last above Yiritten.
<br /> - N ary Public
<br /> My commission expires .0"/ 6p60
<br /> Filed for record January 10, 1956, at 10:30 A.M. µ-C ✓ Register of Deeds
<br /> Hall County, Nebr.
<br /> 3.37
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