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l , r y � <br /> . z � �s-� �01677 <br /> �� <br /> ` ASSIG�fIT OF LEASES, RENTS P.N!) PROPiTS <br />,� <br />�j THIS ASSIGNMENT, made this 2Tth ' day of March , 19 78 ;,. <br /> S by NEBBASRA MOTEL DEVEIAPERS, LTD., a partnership (herein cailed "Assignors"), to } <br />� FIRST FIDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, hawing its principal place t' <br /> uf business in Lincoln, Nebraska (herein called "First Fed�ral"); �" <br />� WITNESSETH: For value received and as additfoaal securify for the loan <br />� hereinafter mentioned, Assignors herebq sell, transfer aad assign unto First Federal, <br />! its successors 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 />! Lots Four (4), Five (5�, and Eleven QS), "Woodland Second Subdivision", <br /> 4 aa Addition to the City of Grand Islan.d, Hall County, Nebraska. <br />� <br />; <br /> t . <br />; � �, <br />( <br />; <br />� � <br />; - . <br /> 4 <br /> And to that end Assigaors hereby assign and set over unto First Federal, w <br /> its successors or assigns, a11 leases or subleasea of said premises now made, executed : � <br /> f or delivered� whether written or verBal, or to be hereafter made, be the same written ' '3 <br />� or verbal. � <br />! <br />; And the Assignors do hereby authorize and emposaer First Federal, its r <br />� successors or assigns, without notice and without regard to the adequacg of the � <br />= aecurity for the indebtedness aecured hereby, to talce possession of said real <br />! estate and cizattels, to rent and manage the same, and to sue for or otherwise ti <br />� collect the said rents, issues, prof3ts, rights and benefits, as they shaT1 become ; <br /> due, and hereby direct each and all of the tenants of the sforesaid premises to pay r <br /> i such rents as may now be due or shall hereafter become due to said First Fc�eral, � <br /> its successors or assigns, upon demand £or payment thereo£ by First Federal, its f- <br />' successora or assigns. It is understood and agreed, however, that no such demand <br />' shall be made unless and unt31 there has been a de£ault ia the paymeat of the <br /> indebtedness secured by the Mortgage and Financing Statement herein mentioned, or t <br /> default in the payment of any other s�s secnred by said Mortgage or Financing <br /> Statement, aad, until such demand is made, Assignors are authorized to collect, E <br /> or coatiaue collecting said rents, issues, profits, rights and benefits; but ! <br /> that such privilege to collect or continue collectiag, as aforesaid by Assignors <br /> shall not operate to permit the collectioa by said Assigaors, their successors or <br /> assigas, or any installment of rent in advance of the date prescribed 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 reasonable fees <br /> for management and rental services rendered by it or those employed by it, all <br /> costs and exgenses of collection, includiag reasonable attorneys' fees, and may <br /> also use the same to make good aay such defaults and to pay taxes, insurance <br /> premi�s, expenses of repair and maintenance and all other expenses involved in <br /> the proper management of said premises, and shall pay any surplus then re�aining <br /> to Assigaors. <br /> The term o£ this Assignment shall be until the Note (or any extension or ' <br /> renewal thereof) of even date herewith, made� executed and delivered by <br /> NES A e MOT1?T. DEVEin ERS� 1.Tp y a yartneriah3�ior the sum o£ $�y 200�00n_00 <br /> and secured by a Mortgage covering said pre�ises and a Fiaanciag Statement covering <br /> certain fixtuxea and equipmeat situate on said premises, shall have been fu.I7.y paid <br /> and satisfied, or until the expiration of the period of redemption, if any, at which <br /> time this Assignment is to be fully satisfied, cancelled a.nd released; and the <br /> releasing of said Mortgage and Eiaancing Statement s2�a11 con.stitute a release hereof. w=""" �'-�', <br /> � ; y� <br /> This Asaignment is given as additional security Eor the performance of each G� <br /> and `a3.1 o£;the obligations aad covenanta of the.Note and Mortgage above—described � <br /> , '(or ;aay extension or renewal thereof). �: <br /> � � � � . . . *W"^ j. <br /> . _. :. . ... .. � .. .. . . � .. . . ' � ��': <br /> _1_ .al[L;.' <br /> � <br />