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<br /> ASSIGNMENT OP RENTS
<br /> KNOW ALL MEN BY THESE PRESENTS that John W. Detweiler and Claire P. Det-
<br /> weiler, husband and wife, and each in his and her own right, for an in consideratio.
<br /> of a loan of $42,000.00 by THE FIRST TRUST COMPANY OF LINCOLN, NEBRASKA, secured
<br /> by a fiist mortgage held by THE FIRST TRUST COMPANY OF LINCOLN, NEBRASKA, and other
<br /> good and valuable consideration, the receipt whereof is hereby acknowledged, do
<br /> hereby assign, transfer and set over to THE FIRST TRUST COMPANY OF LINCOLN, NEBRAS t
<br /> as additional security for the payment of aforesaid mortgage loan and any delinquen
<br /> cies thereon, for so long as aforesaid loan or delinquenciesthereon, or any part
<br /> thereof remains unpaid, the rents accruing upon the following described property,
<br /> located in the City of Grand Island, Hall County, Nebraska, to wit :
<br /> THE NORTH ONE - HALF (2) OF LOT EIGHT (8), PLUS THE EAST TWENTY-TWO
<br /> (22) FEET OF THE NORTH ONE-HALF (i) OF LOT SEVEN (7), BLOCK 107, in
<br /> `Y' RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> And the said John W. Detweiler and Claire P. Detweiler, husband and wife,
<br /> 1\., hereby authorize and empower the said THE FIRST TRUST COMPANY OF LINCOLN, NEBRASKA,
<br /> % its authorized agents and attorneys, to let for John W. Detweiler and Claire P.
<br /> , Detweiler, husband and wife, and rent the above described premises or any part
<br /> thereof, and collect and receipt for said rent, either monthly, quarterly, or
<br /> yearly, as they may see fit, and in default of the payment of said rent or any
<br /> part thereof to proceed in its name by suit or su$s 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 agree.
<br /> by John W. Detweiler and Claire P. Detweiler, husband and wife, to be paid on the
<br /> note executed by John W. Detweiler and Claire P. Detweiler, husband and wife, to
<br /> 1 THE FIRST TRUST COMPANY OF LINCOLN, NIahRASKA, and the real estate mortgage on the
<br /> above described real estate securing said note.
<br /> I',
<br /> THE FIRST TRUST COMPANY OF LINCOLN, NEBRASKA, may, in its descretion, use
<br /> ' 1` the rents so far as necessary for the purpose of making such repairs upon the pre-
<br />,' \ 1 mises as in its judgment may be proper and may use said rents so far as necessary
<br /> i for the payment of insurance premiums and taxes on said premises, or any other pay-
<br /> k\ ments to be made by John W. Detweiler and Claire P. Detweiler, husband and wife,
<br /> under the terms of the note and mortgage above mentioned, the balance to be applied
<br /> 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 /> e\., may waive collection thereof for spaces of time, at its option, but such waiver or
<br /> failure to collect hereunder shall not be construed to be a waiver of the right to
<br /> � ; collect any subsequent installment of rent.
<br /> ,°,k,Z), The delivery of a copy of this instrument to any tenant or tenants occu-
<br /> 1 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 /> :v4 tice or until the amounts delinquent on aforesaid loan have been paid, When said
<br /> tN,` loan is paid in full, a release of the aforesaid mortgage shall be deemed to be a
<br />‘, \X1° release of this assignment without further evidence thereof.
<br /> ,_r
<br /> '," Dated this a/ day of � , 19.0 3
<br /> N • ter.` :c
<br /> l n 1. Detweiler, husband
<br /> 1•0 ger_ a. 41, i . /
<br /> STATE OF NEBRASKA) Claire P. Detweiler, wide
<br /> 1:.; ) SS.
<br /> COUNTY OF HALL ) --
<br /> On 'this 2./ day of . , 19 S7 , before me, the undersigned
<br /> it\ a Not ae Pub4ic .in and for said County, personally came John W. Detweiler and
<br /> Claire : L t;Op iler, husband and wife, to me personally known to be the identical
<br /> pe3;,ectt :; vh®se,?xiarnes are affixed to the above conveyance, and acknowledged the exe-
<br /> crit i.On thereoit,fo be their voluntary act and "L."
<br /> ; _ - : ..Witn,ess=my hand and Notarial seal at , in said
<br /> k %,44.‘ ccarIt { the day;r nd year last above written.
<br /> "/ l/y
<br /> .
<br /> !; ;;. N ary Public
<br /> My commission expires Zi /g 46, •
<br /> Filed for record February 23, 1956, at 3:25 F.M.( _Register of Deed9.
<br /> Hall County,Nebr..
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