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<br />NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION ASSIGNMENT OF
<br />BANKS LEASES AND RENT
<br />This Assignment, made this 1 day of February , 19-.L9— by and
<br />between - - Wavne E. Mav and Ardith C. May, Husband and Wife
<br />f "A ssignor "), and NOR WEST BANK NEBRASKA, NATIONAL ASSOCIATION ( "Assl9raee "1.
<br />W/TNESSETH:
<br />It is agreed as follows:
<br />1. Definitions. As used in this Agreement:
<br />A. "Mortgage "shall mean that certain Deed of Trust in the peI reipal sum
<br />dt $.• 50, 000.00 datedd_ Februar�r 19 8g
<br />executed by Wayne E. May and Ardith C. May _ , as T'rustor, to NORWEST BANK
<br />NEBRASKA, NATIONAL, ASSOCIATION, as Howficlary, upon thereat estate and improvements
<br />described in Exhibit "A ", which is amched hereto and by tfrls rsAn rce incorporated herein.
<br />. '. P. "Mote "shall rrt..an that certain Hors s�:urad by the �- X0:000:00
<br />Cad of Trust, executed contemporaneously therewith by _Wayne E: and Ardith C. Iry
<br />as mekw, alio.NORWEST BANK NEBRASKA,
<br />NATIONAL ASSOCIATION, as payee, and secured by the Deed of Trust.
<br />C "Loan "as herefnafter used, shall mean the loan in the amount of $50.000.0D___
<br />as evidenced by the note and secured by the Deed of Trust, as well as any other
<br />securing instruments
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<br />NOW, THEREFORE, for and in consideration of the making and funding- of safe idea, and for
<br />GV&W yuuu situ va /uabim consideration, the receipr whereof is hereby acknowledged. Assignor, for itself,
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<br />its successors, personal representatives, heirs and assigns, has bargained, sold, transferred, assigned,
<br />conveyed, set over and delivered, and by these presents does hereby bargain, sell, transfer, assign, and
<br />convey as security for the repayment of the above described indebtedness and the payment and per-
<br />formance of all of the terms and conditions of the Note and Mortpge evidencing the same, and any
<br />and all amendments, extmsions and renewals thereof, all /eases now cr hereafter executed affecting
<br />the Mortgaged Premises, and all rents, issues, profits and income and sums of money which may now
<br />or hereafter be or become due and evving under and by virtue of said leases, it being the intention
<br />hereby to establish a complete transfer and assignment of the leases hereby assigned and all the awi /s
<br />thereunder unto the Assignee, its successors and assigns, together with the right, but without the
<br />obligation, to collect all of the said rents, issues, profits and.income arising or accruing, or v*h ch may
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<br />become due at any time during the life of this Assignment. Assignor further agrees, upon demand
<br />thereof, to deliver to and deposit said leases with Asslgnere ,
<br />Assignor hereby designates, constitutes and appoints Assignee, its successors and assigns, with
<br />full power of substitution, Its true and lawful attorney wf& power for it and in its name, place and
<br />stead, for in therrame of Assignee, to ask, demand, collect, receive, receipt and give full and com-
<br />plete acquittances for any and all rents, issues, profits and income hereby assigned which may become
<br />due and payable bj leisin or other occupants of the Mortgaged Premises; and at its discretforr to file
<br />anyrclaim or, take shy ether action or proceeding to make any settlement of any claim, either in its
<br />own name or in the name of Assignor, or otherwise, which the Assignee, or any successor may deem
<br />desirable in order to coiledand enforce the payment of any and aft rents, issues, profits and income
<br />herein assigned'. The lessees and occupants of the MortgVed Premises, or any part hereof, are hereby
<br />expressly authorized and directed to pay all vents and sums herein assigned which umuld be payable
<br />to Assignor, except for thfs Assignment, to the Asslgrm*,.arrd to transmit and deliver such payment
<br />to the Asslyrree or such nominee as It may designate in wrfoing, delivered to and received by such
<br />lessee or occupant, who Is expressly relieved of any and all duty, liability or obligation to the
<br />Assignor in respect of all payments to made.
<br />Assignee shall be, and hereby is, vested with full power to use all such measures, legal and
<br />equitable, as in its discretion may be deemed necessary or proper to enforce this Agreement and `
<br />to collect the rents, issues, profits and income assigned hereunder, including the right to enter upon j
<br />the premises and to take possession thereof, and Assignor hereby grants full power and authority
<br />to the Assignee to exercise all rights, privileges and powers herein granted at any and all times here-
<br />after, without notice to Assignor, with full power to use and apply a// of the rents, Issues, profits and
<br />income herein assigned to the payments of any indebtedness or liability of the Assignor to the �M
<br />Assignee, in such order as Assignee may determine.
<br />6179 RIr 10185
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