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RENTAL..,,. 4PI0M.MT <br />In consideration of the Nebra ks L6hn.& Trust Company, Grand <br />Island, Nebraska, making a loan to me /LA -.the undersigned, in the <br />sum of 85Qg, which Is to be secured by a First Mortgage <br />on the following descried real estate: <br />The South Forty -six (46) feet Of Fractional Lot One (1), in <br />Fractional Block Six (6), in Charles Wasmer's Addition to the <br />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 />ieient 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 mr rentals as set forth. <br />This assignment shall be irrevocable <br />all delinquent taxes, interest and insur <br />paid in accordance with the terms of the <br />by us on the above property. <br />Dated this 7 day of Sept. 19 54 <br />State Of Nebraska <br />County Of Hall <br />until said mortgage and <br />ance premiums have been <br />mortgage to, be executed <br />On this 7-k day of September 19 54 , before me, a Notary <br />Public in and of r said County came: Philip H. Smith and Geraldine D. <br />Smith, each in his or her own right and as spouse of the other. <br />to me known to be the identical persons whose names are affixed to <br />the above instrument and they acknowledged the execution thereof to <br />be their voluntary act and deed for the purposes herein set forth. <br />IN TESTIMONY WHEREOF, I have hereunto set my name- and,affixed <br />my ,,seal the day and year last above written. <br />My commission expires <br />00ii <br />t 38 <br />�'etTri?:j of .. ^iii j <br />or '11'u ceri.cai index and filed <br />f,x- recori in Office of Register of <br />Dee-Is an t'i, -- _29___,.__ day of <br />------ ct,Qber _ 5-7 - at- - -9 -- . - <br />,^'ca.v'u- +iY' _ -- 50 S'1ru7Ys __A.4,11. 1Yti a <br />. <br />ar,� : -wr aed it %3 ak -_ -5. of <br />- _- _- Miscel. -- at ya i e. - _ <br />Register E fi <br />Fees <br />Notary Public <br />