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ASSIGNMENT OF RENTS
<br />KNOW ALL MEN BY THESE PRESENTS THAT: Helen McCarty Croughwell
<br />and Thomas F. Croutwell, wife and husband,
<br />of the County of Hall , State of Nebraska,
<br />for and in consideration of the sum cf
<br />Thirty -eight Hundred and n6/100 - - - - - - - - - - - - - - Dollars
<br />as a loan in hand paid to Helen McCarty Croughwell
<br />by the Equitable Building and Loan Association, of Grand Island, Nebraska, a
<br />corporation, and other good and valuable considerations, the receipt whereof is
<br />hereby acknowledged, do hereby assign, transfer and set over to said Association,.
<br />as collateral security for the duration of the loan, all the rents, income, and
<br />profits accruing upon the following described property, situated in the County of
<br />Hall, State of Nebraska, to -wit:-
<br />Lot Three (3) in Block Four (4) in Wallichs'
<br />Addition to the City of Grand Island, Nebraskan
<br />And we hereby authorize and empower The Equitable Building and Loan
<br />Association, of Grand Island, Nebraska, its authorized agents and attorneys, to
<br />act for us and rent the above described premises, and in our place collect and
<br />receipt for said rent, at such prices and upon such terms as it may see fit. It is
<br />further expressly stipulated that, if the assignors, or their successors, occupy
<br />said premises during the existance of said loan, the Assignee shall have the same
<br />rights of forfeiture, ejectment for forcible entry and detainer, as such assignee
<br />might have against any other tenant, who has no' interest or title in and to said
<br />premises. The temporary waiver of the collection of the rents shall not be con-
<br />strued as constituting a relinquishment of the rights granted hereunder, which
<br />rights may be exercised at any time during the existence of the above mentioned
<br />mortgage or extension thereof.
<br />This assignment of rent being made for the express purpose of having said
<br />revenue applied to the repayment of the above mentioned loan.
<br />Said Association may, in its discretion, use the rents so far as it may
<br />deem necessary, for the purpose of making such repairs upon the pr-mises, as, in
<br />its judgment, may be proper and may use said rents so far as necessary for the
<br />payment of insurance premiums and taxes upon said premises. It shall also
<br />have authority to deduct from said rents a fair compensation, to be payable to
<br />said Association's Agents, for services rendered in the collection of said rents;
<br />the . balance to be applied upon the payment of monthly installments upon said loan.
<br />Dated at Grand Island, Nebraska, this ��)�day of July 1953
<br />State _of'Nebraska )SS. ' . ' ' ' ' . ' ' .
<br />County of Hall )
<br />On this day of July 1954 before me, the undersigned, a
<br />Notary Public, in and for said County, personally came Helen McCarty
<br />Croughwell,
<br />whoi9,,,�personal1y know to me to be the identical person whose
<br />,•naml.1 ,4ffixe4 to the above instrument as grantor, and she 7 xxxat
<br />8;tYe 'same to be her voluntary act and deed.
<br />�
<br />�40$es my hand and Notarial Sea the dat afo skid.
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<br />�.. �x.�ac,;�ssion expires
<br /><c.,c 3 �. c Notary PublIc
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