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ASSIGNMENT OF RENTS
<br />a widow KNOW ALL MEN BY THESE PRESENTS THAT: Laura Grein,
<br />`
<br />of the County of Hall , State of Nebraska,
<br />for and in consideration of the sum of
<br />Ten Thousand and no /100 - - - - - - - - - - - - - Dollars
<br />as a loan in hand paid to her
<br />by the Equitable Building and Loan Association, of Grand Island,
<br />Nebraska, a corporation, and other good and valuable considerations,
<br />the receipt whereof is hereby acknowledged, to hereby assign, trans -
<br />fer and set over to said Association, as collateral security for the
<br />duration of the loan, all the rents, income, and profits accruing
<br />upon the following described property, situated in the County of Hall,
<br />State of Nebraska, to -wit : -
<br />Fractional Lot Five ( 5 ) in Fractional :;lock
<br />One hundred Thirty -seven (137) in Union
<br />Pacific Railway Company's :second Addition
<br />to the City of Grand Island, Nebraska;
<br />And I hereby authorize and empower The Equitable Building and
<br />Loan Association, of Grand Island, Nebraska, its authorized agents and
<br />attorneys, to act for me and rent the above described premises, and
<br />in my place collect and receipt for said rent, at such prices and
<br />upon such terms as it may see fit. It is further expressly stipulated
<br />that, if the assignors, or their successors, occupy said premises
<br />during the existence of said loan, the Assignee shall have the same
<br />rights of forfeiture, ejectment for forcible entry and detainer, as
<br />such assignee might have against any other tenant, who has no interest
<br />or title in and to said premises. The temporary waiver of the collect-
<br />ion of the rents shall not be construed as constituting a relinquish-
<br />ment of the rights granted hereunder, which rights may be exercised at
<br />any time during the existence of the above mentioned mortgage or ex-
<br />tension thereof.
<br />This assignment of rent being made for tha express purpose of
<br />having said revenue applied to the repayment of the above mentioned
<br />loan.
<br />Said Association may, in its discretion, use the rents so far as
<br />it may deem necessart,for the purpose of making such repairs upon the
<br />premises, as, in its`judgment, may be proper and may use said rents
<br />so far as necessary for the payment of insurance premiums and taxes
<br />upon said premises. It shall also have authority to deduct from said
<br />rents a fair compensation, to be payable to said Association's Agents,
<br />for services rendered in the collection of said rents; the balance to
<br />be applied upon the payment of monthly installments upon said loan.
<br />Dated at Grand Island, Nebraska, this -��� day ' October lg 59
<br />Wi Me
<br />State of Nebraska
<br />County of Hall SS.
<br />,,400--this ,Ikl- day of
<br />Y`flublic, in and
<br />ow,
<br />0 L personally
<br />`amei `3� = affixed to
<br />:C K ged the same
<br />t e1-s my hand
<br />. . . ., . . . . . . . . .
<br />October 19g2before me, the undersigned,
<br />for said County, personally came Laura
<br />known to me to be the identical person whose
<br />the above instrument as grantor,,and x3axExmt-
<br />to be her voluntary act and deed.
<br />and Notarial seal
<br />.!itt M p Commission expires
<br />the date afo said.
<br />otary Pu is
<br />Filed for recor DeceipbAr , 1958, at 2:30 n r,;, '�-L. 7, �t�r Of
<br />L County ?,c i,Y,
<br />1?a3
<br />
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