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<br /> � , . _ ��,� Assignments Of Leases , .. . � .-��;..
<br /> . , ��°"Rs 98 ia�oo And Rents . ` _ ''�-
<br /> " "� lNe6reskel� ' �� ::`� ""..-
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<br /> . .. , v�.;� Gerald R: and Ju� B Jacobsen----__._.__._.._�._..� \ , >,�.�,.,.
<br /> • �rne ass�gnor•�,atn� husband and Lrife and \ �.. _ •�.,�
<br /> '• Norwest Banic Nebraska Nationa�� Aaauci�tion ' ' �'•
<br /> ,. . ,, :;
<br /> . _ ' - !t�•:Assignee i a na0onal banking association. . _ . -----
<br /> , �]TRe Rss+gnoi has executed and delivered to tAe Assignee its promitsory note datcd Se�ltembez 3. 194B in the odginel �j� ''~ s-—_
<br /> � �� ' - princrpa/.amountol8 100.49�.00 artdai�yentensions,renewa/sormodificatroasthernol/tAa Nate'l. , !� '. �`��
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<br /> � Q The Asslgnor has execuied anA deGvered to the Assig,nee ita gua�anty dated in favo�at tlre Assignee!oi ,��
<br /> ' � •�'`� the henafii oi �_ "
<br /> - '�:; ';;��� frhe Barrower7 in the amount ot 3 and eny replacementa ar su6stitutians tAereof lthe'�'r�varenry•!. `:=.' "k=°�`
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<br /> •j�'� To seture payment of PC�a obla;aoon descri6ed abave f�re''rJbllgation 1,Me Assignarhas execute�and de�ive.red to c�irz Assignee a ; � �laiYe,.Y
<br /> • }• `�'�� d�ed of trtrst f Deed o!Ttist i date� 03 03L 8. covering ceitain propertN E7nut Prop�.�ty'!"r::�`s•rting.a�-sng other things, ,;,;'�
<br /> }� d'e
<br /> =� • 01' , �.�e real estate desedbed in the aitacAeQ F.II?:i�r�U a;*�L`ra�.'+�• s,imp�ovements,rrtures end persanaS prvya.2y�nacv trfn the/uture -
<br /> '�;<��i�'.� � -'� t�Catedthe�enn.LOt9 7Y�elve (12►� ��+� �tceea �13), Pine V3.ew.Subdivisimn, �R.�.�Cvu�tq, Nebraska. _
<br /> , � �'�'��u . . �
<br /> �: , 1� ' The Asslgnee has�equi�ed Me execr:r�?a`tr.a�i�as�a.r,�^t as a condition to making o�accepting rheG�iy��ti�-,. , . �
<br /> ' .4CCORb/NGLY,in consideration oi C�e�r�.m.'srs�x�n1.�$ood and vafuaDle car�s%0arotion,.the Assignor d�l;�-8ant,transter � � �' =s
<br /> � -rri��assign to the Assignee a!d a/the Assig��'s riqAt.�ifa.�r�i�tprest irt•and to lil any an�aJt present or lutu�e leas�s�r,'fr�.cies,wAether '•�i� • �t r=
<br /> .,;�: . � •iacarten or•oral,covering or affetting any cr oE:�t tha Trust pr�e.-ty.Mge9ra�kvitb any and ale extensions,modncatr�n;.:�iai�r•�newa/s ihe►aaf. �'i � _
<br /> ����rh,a'L'ease'and colleetirsy,tbe°Eea�.,�°'.And liil aJ/lents,profrt's ay6.other irrcome or payman�s ol any kind a4re ttacli�i�bte or to —_
<br /> �� `" ;;�iecoma due or payaDle fo the Assignor as ttie i'es:+rt o1 anyuse,passessron oi occupaney af a1l or eny po�tion o/tfr�T,ua(fi�pgrry or,as tcte ,� �„��
<br /> � • ^�' '°.%'result o1 the use ol or leaso of BnpAe�sonal prdpe�!:�?�a;�.r�rg a pa�t of the Tiust Prope�ty,wAetho�accrtring be'are t,,r�lnar foiecfas�e ot � ;: .�,y�_
<br /> 1 . �� t r,�e Deed o/Tiust or during qhe;perlod ol redemppan;!!^�,.�7;^.Rents'1,a/l fo�tAe puipose o/.sew�ing fa!paymeni c#a°l,h.aJ���dness �F u_
<br /> :4„• ' = �%denced by the Oblr'gation tm�a:fi•�ther sums se cna��i 2��Jned of 7mst;and!b/perfarmance and discharge cP r�d�.,at+P��ery r. °r� �
<br /> et. ��'=
<br /> ` -`�, • • �abliga6on,eovenant and egie�r.r�nt oI the Assignor c�c,;�Jn�S�t:e�ein and in�Ae Qeed ol Trvst. '� ,,, }• •
<br /> - � -�:i,.���i. ' The Assignor warrents and covenant�:';�t Assl�'r.i+•��d wiN remain rAe abso/ate own�r o/Me Ae:�a�d frc�3ts yet and c/ea�ol all ` ''�� ':'���`-J
<br /> .' ;H'�� ,,'liens and encum6rdnces athe�rhan the Ga^�<,'e0he:srh,ac'�8i Assignahas nut previousfp aasigned or¢�,��.e�;ej�rR�rad Me �"`'� —=-__-=--
<br /> �'� �; . Assigno�s interest!n eny of the Rents or t eaq�to ar.y.:�;,�pe�son;that Asslgnor has the right under e�l�ql�g s�n� �i/aa'er Me Leases and , � � � _
<br /> ;'•';;� ,,, .-.otherwise to execure and de/iyRr this Assigninent and ts 9aa�:andpe�orm al/obligatiqns he�emrder,and thal Assrgrtr,iiilli.;werrant end -
<br /> :. ` � � ,, - �afend tRe Leases and Rents.�;ainst a/I adversa c/aims ct�h�lba�now exisrmg a/ater arising. ,`:`: ,,;�;:�� -�
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<br /> „��t.;1 .� rhe Asslgnor funAe�covertan,r�and agrees as tollows: � ' . ,� :
<br /> , � , �'{�'n 1. PERFORMANCE L1rYcEr�.'The Assignor will laitAlulry 80ide by,pedvrm end discharga each�nd every obliganon covenant and , —
<br /> ;�•<�j�'+i`��. agBement whlc�,a•mtys;:;s or herealter becomes liaa�to obseive oi peAo►m undei any prese�t or future Lease,and,at the Asstgnoi s � '' .:'�
<br /> . .1., , �✓�,�
<br /> ,, so%cost and exF�a�n�.:c��Y enloice or secur�the pedoimanca ol each and every oG'igation,under eacA and every Lease.7Ae Asslgnor �
<br /> {;� t ��-� wi//obseive and comptv+rer�i a//provislons ol/aw appfi�abla to the operedan and awr.era`ip of the Tiust Property.:l�te Asslgno�will give � �"�
<br /> ��r, ' prompt written notice rts/d`ns Assignea ol eny noNee cr y'efault on Me part of the Aasiynw�'�rith respect to the Ld$-�f:ti:eived lrOm fhe �`
<br /> ti 2'' ' ' tensnt the�eunde�and w'h/el�o at Assignoi s sole tasr and expense,appea�in and de�enC any attion o�procee�Vn�'�u�ng under, • �A
<br /> '` - �(s/�,�� >�, - �' growing out ol or/n any manne�connected with any Lease or the obligarlons,duties or/iabi/ities o/the Assignoi srany tenant Me�eunder. -_
<br /> � � �;;�i��?Gx ' � 1he Asslgnol wi!!not leese o�otherwJSe permit the use O/el10�8ny poniOn ol tAe 7iust Property fOr IeA7•tAet!S b¢1.tw the/air market • �'�'.
<br /> � :'�'�����5 i • isn�/or SucA p/operfy. ' � �
<br />- • :• f,''s:�. � . . �e
<br /> � � ����'" ?. COLtfCTlON Oi RENTS IN aDVi4NCE. TAe AssignoF wil►not tollect oi accept any Rents lar the rrsa ot oaupancY�%�e Trost Properry ' ..
<br />-' }n.•i1, ' _ ; .
<br />:_'} :.�;�! for more rAan aae monfh in eWanee. Secu►ity depospts sha//noJ be deemed Ronls lor pu�poses ol tAis parag�eph., . ':•a• - . ,:..
<br /> i :"�.:�•�, �� _:. ' .. ,� .. ...
<br /> ;`;,;��,tiT%, . • 3. PROTECIIAlG�HE SECUR/TY OF THlS ASSl6NMFNT. SAOUld the Assignor/ail�o pedoim oi obsenre any cavena�rc aT a_a,roement . �..��.�.
<br /> �. . • .isr,;a�,, contained in MIS AssignmenJ,fhen the Assignee mey/but sha!l�ave no oAlrgatlo»rol m8ke or do the seme in sucA IzLxrner snd to suCA . �., ;'.�
<br /> •a ;�:•f• extem as the Assignee may deem appropriata to piotett the secwity hereo/, The righfa of tAe Assignee Aereuadei sha//intluCe but not .�";..�� •
<br /> '`�'"" be limited ro li/the dgAt to appear in and defend any action a p�oceeang purporting ta eUacl the securiry Aeieof or the rights or ppwers '.
<br /> � ol tho Assignee,lii}tAO�igAt ro perloim and diseAargo each and every ooligaNOn,covenant and agreement o1 Me Asstgna conJnined in j � '
<br /> rho Lease,and fiiil fhe�ighl,in exeicising an y ol tAB othor Ngh�s g�anted he�eundr�to pay necessary eosts and expenses,emp/ay I• : :
<br />- caunsel end paV�oasvnable etromeys'fees. The Assignor ahell pay on deman0 al!sums expended DY l�'Assrgnee pursuant ro this � . .
<br /> . paragraph,tognlher wrfh mteresl theieon a!the rate stated Dy the Nnte Ot the ratB StateO�n tht�most�ecent ODligati0n tovered by the
<br /> • Gua�ant y,and rhe samv shall be added m the Obllganon secuied heieby and Dy the Oeed ol Trust � ,
<br /> � ' • 4. PRf5fNT ASS1GNMfNT._ �his Assignmenf 8+��11 to»srifuto o poNecMd,absofute and present assignmentl p�ovided tAnt fAe Ass�gnor Shell � • . .
<br /> Aave the nghl ro tollect a�J of the Renis Isub�ect to the Settion ontitled Co�fectlon o!Rents�n Advance'I and to�etain,use and en/o y the ,
<br /> ' � same until en Event oi De/ault accurs under tAa DeetJ ol Tiust a fAe Assigno�D�eacAes eny wananry a cavenant contained in tAis
<br />= � � Asslgnment.An y Rents eccndng pria to an Event o/Oefaul�untler rAe Deed ol Tiusr 6ut pa;d rhereafter shal!be pa/d te Me Asslgnee.
<br /> .. 5. SUAV/NA[OFOBL/GA7IDN. This Assignmenr is g�ven es secu�ity in additian to tAe Deed of 7er�t.All oi tAeAssigno�s oDligaNOn9 unde� . ,
<br />= rhe Oeed of Tiust end this Ass�gnmenl shall survive loreclosu�e aI tho Deed ol Tiust. The Assignor sAall obsenre and comyly with a:l • . ,
<br /> - terms and tonditions contdmed m the Deed ol trust and in Mis Aasignmenf and sAall precJudo any Event o/Oe18ull bom occun/ng ander
<br /> ��. th8 Oeed ol�rost duiing the per;oe o1�edemption fo1/owing/oiec%su�e oJ the Deed ol Tiust.
<br /> .� � 6. DEFAULT:REMfO/ES. UOOn the occu�ience of eny Evan►ol Delaulf specitied rn tRa Deed ol7rast oi upon tAe b�eacA of any wonant y oi
<br />-- covenan�contained�n this Assignment,the Assignte mey,at!1s opbon: - .
<br /> � .. fal m fAe neme,p/ace end stead of the Assignor a�rd as the Assigrtee in rls sale discretion deems approp►iate li!entor upon,manage and • •
<br /> � � operate fAe Tiust OioDerty o►retam the services ol one or mo�e mdependent corttractois to manage end opeiate e/1 or any pa�t al the ` ,
<br /> � , Tiust Pioporty;lril make,enface mndrly and acCept sunende►o/the Leasos:liirl aDta;n o�oviet tenants,collect,receive,sue lai t�. •
<br /> -- ' moddy,ad/ust oi comp�omise Ihe Rents,and eaforce ali ngAts oP tAe Ass�9�o�ynder Ihe Leases;and/ivl peNOrm any and alf otAe� .
<br /> _ . acis that may be necessary o�p�ope�to p�otec�tAe secunty o1 thrs AssignmeM. '
<br /> '•• - - -- -- LJ w�th os Without exert�srrr�tht�rufhts sat farth ia strb�3gr1�ls1 sQ�re,9rve or�e�wf�the Asg�gnpr t���v9 nnt/�p to xrryor all _- -' .
<br /> t, � tenants unde�MAleases au►hoiiting and d�rectmg them to pay a/l Rents under the Loases dnettty to the Ass�gnee;and � '
<br />�� cl vr�thoui�egard tn any waste,adequas y o/t�a secuntv or solvvncy ol►he Ass�gn0�applv/or�he appaintment ol a reterve�ol tAe . �
<br />- ' trosl Pioperry,to wMCh appomtmen�fhn Ass�3nor hereb y consenls, whethe�o�not/o�ecloswe pioceedmgs have been sommentod
<br />!$�` under Me Deed ol Trusf ond whothe�or not n toietlosure salo has accu►rOd. , � �
<br /> `� ' j AU f6iNl4tN0��a9�7o�a�o✓� Paga�o�3 .
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