|
;�
<br />��,
<br />�
<br /> _._ , � �
<br /> I '
<br /> � � 77- UU6788
<br /> ASSIGNMENT OF LEASES, RENTS AI`ID PROPITS
<br /> ( THIS eISSIGNMENT, made this 22nd day of November , 1911_,
<br /> by Michael J. Sawyer (herein called "Assignors"), to �
<br /> ' FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, having its principal place
<br /> of business in Lincoln, Nebra�l•.a (herein called "First Federal"); '
<br /> WITNESSETH: For value received and as additional security for the loan
<br /> hereinafter mentioned, Assignors hereby sell, transfer and assign unto First Federal, �
<br /> � its auccesaors and assigns, all right, title and interest of Assignors in and to the
<br /> rents, issues, profits, rights and benefits from the property described below:
<br /> Lot Two (2), Schuele Second Subdivision, Hall County, Nebraska.
<br /> And to that end Assignors hereby assign and set over unto First Federal,
<br /> ' its successora or asaigns, all leases or subleases of said premises now made, executed
<br /> or delivered, whether written or verbal, or to be hereafter made, be the same written
<br /> or verbaL
<br /> And the Asaignors do hereby authorize and empower First Federal, its
<br /> successora or assigna, without notice and without regard to the adequacy of the
<br /> security for the indebtedness secured hereby, to take possession of said real
<br /> estate and chattels, to rent and manage the same, and to sue for or otherwise
<br /> ' collect the said rents, issues, profits, rights and benefits, as they shall become
<br /> t due, and hereby direct each and all of the tenants of the aforesaid premises to pay
<br /> , such reats as may now be due or shall hereaft�r become due to said First Federal,
<br /> its successors or assigns, upon demand for payment thereof by First Federal, its
<br /> � successors or assigns. It is understood and agreed, however, that no such demand
<br /> ahall be made unless and until there has been a default in the payment of the
<br /> r indebtednesa aecured by the Mortgage and Financing Statement herein mentioned, or
<br /> default in the payment of any other swns secured by said Mortgage or Financing
<br /> Statemett, a:.d, until sueh demand is made, A:�ignors are authorized to collect,
<br /> or continue collecting said rents, issues, profits, rights and benefits; but
<br /> that such privilege to collect or continue collecting, as aforesaid by Assignors
<br /> shall not operate to permit the collection by said Assignors, their successors or
<br /> assigns, or any installment of rent in advance of the date prescri.bed in said
<br /> ' lease or leases for the payment thereof. First Federal may retain or pay from
<br /> such rents, issues, profits, rights and benefits collected by it reasonahle fees
<br /> for management and rental services rendered by it or those employed by it, all
<br /> coata and expenaes of collection, including reasonable attorneys' fees, and may
<br /> also uae the anme to make good any such defaults and to pay taxes, insurance S
<br /> premiums, expensea of repair and maintenance and all other expenses involved in
<br /> the proper management of said premises, and shall pay any surplus then remaining
<br /> to Assignors.
<br /> The term of this Aesignment shall be until the Note (or any extension or
<br /> renewal thereof) of even date herewith, made, executed and delivered by
<br /> Michael J. Sawver for the sum of $ 40.000.00
<br /> and aecured by a Mortgage covering said premises and a Financing Statement covering
<br /> certain fixturea and equipment situate on said premiaes, shall have been fully paid
<br /> and satisfied, or until the expiration of the period of redemption, if any, at which
<br /> time this Aseignment is to be fully satiafied, cancelled and released; and the .
<br /> releasing of said Mortgage and Einancing Statement shall constitute a release hereof. ��l '��'�-
<br /> � N �
<br /> I This Asaignment is given as additional security for the performance of each &� : �
<br /> and all of the obligationa and covenanta of the Note and Mortgage above-described �" "
<br /> (or any exteneion or renewal thereof). r' s� :
<br /> � � -
<br /> -1- �
<br />� I • ';
<br />� J
<br /> ti
<br />
|