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<br /> ° NORWEST BANK NEBRASKA,NATIONA,L A$SOClAT/ON ASS/GNMENT Of —
<br /> �'S ��--• 1,000�7 G LEASESAND RENT _-
<br /> �s:d � —
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<br /> �•�° ��-� • - De sm r 31 �g 91_b and
<br /> - .�F'� - , �- Th�s Assignment.mede this 31 — day ol.— �__�t� . Y � - --- -�---_-
<br /> ��.'����� between�—�� L. Smith and Rebecca L. Smith ____. _- _._
<br /> _ ` '` ;t::':' � ("Assiynor'7,and NORWEST BANK NEBRASKA,NAT/ONAt�ASSOC/AT/OIV('Assiynee'7.
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<br /> —`�;r�.� -'��� W/TNESSETH: ��
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<br />:;..�,.• �,�;;�..u lt is ayreed es fol%ws: __ ---- -
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<br /> '�� �'� '`�"' ° f. Definitions. As usod in rhlsApreemen[:
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<br /> +� � �� .. A. "Mortgege shall m�n[hat certarn Desd o/Tiust rn the principal sum
<br /> .Y:.� �' • of$. 50.000.00 „ cleted Daaember 31 � �g 91 ,
<br /> �=; ��1'_ exe�cutedby Dane L. Smith and Rebecca L. Smith ,as Tius�or,to NORWEST BANK �__ `_•.
<br />- ��x#... � ; NEBRASKA,NATIONAL ASSOC/ATION,as Beneficiery,upan therea!estere and improvemenrs "�" =� -
<br /> o ���• � dercribed in Exhlbit "A';which lssx�D�rh�alab�a end by thlc reference incorporated herein. ���`
<br /> - ' ;;«?: � proVided elOW __
<br /> - ;,�•�°°� .. B. "Note"shall mean that certai�note se�cured by tho$ 50,000.00 _ ;;��_, �
<br /> � �� Deed of Tiust,executed contemporanenasly[heiewith by Dane L. Smith and .;_
<br /> Rebeceg L. Smith __.._.._ as maker,and NORWEST BANK NEBRASKA, _-_
<br /> � NAT/ONAL ASSOCIAT/ON,es payee,end secured by the Deed of Tiust. __
<br /> �� �� �� - C. "Loan"as hereina/ter used,shell mean tha loan in rhe amount of__�����0•00 --�---_-_.
<br /> .'-� " _as evidenced by the note and secuied b y the Deed o/Tiust,as w8/!as any other �'," .'�'y`v.`��
<br /> : �� " ' � � securing instrumenls.
<br /> .3, �„.
<br /> _- — ���, _..___ -
<br /> •� NOW, THEREFORE,/or and in consideration of the making and lunding ol said Loan, and for ��:�--
<br /> �� a other good and valuab/e consideration,the receipt wherepf is hereby ackno.v/edged,Assignor,fnr itself, �='=�°°``--
<br /> • '�:� .', its successors,personal representatives,heirs and assigns,has bargained,sald,t�ansfe�red,assigned, ' � � � .::��
<br /> ' •. conveyed,set over and delivered,and by these presents does hereby baigain,sel/,transfer,assign,and �;.��."
<br /> �.. � '-�•-:..
<br /> . ,. - •• convey as security for rhe repayment o/the aboue described rndebtedness and the payment and per• • `.�
<br /> � formance of al!o/[he terms and conditions of the No[e and Mortgage evidencing!he same,and any � • � '� �''
<br /> and all amendments,ex[ensions and renewals thereof,a/I/eases now or hereafte�executedaflecting � �� �u
<br /> • the Mori ed Premises,and a/l rents,issues,prafits and income and sums of money which may now -�_°--'r.�� _
<br /> , �, 9a9 +'�,t!sit�,_-
<br /> or herea/ter be or becomc duc�nd owing under snd by virtue of sald leases,i�being ihe intenfion � _ _.-, s:,:_
<br /> � y � . � � here6y fo establish a complete transfer and essignment o/the leases hereby assigned and all the avails -
<br /> ' . .. „� � thereunder unro the Auignee,its successars and,�ssigns,roge[her with the rlghr, bui without the „ '�
<br /> "': ' obligation,to collec[all of[he said rents,issues,profits and income arising or accruing,or which may j ;��
<br /> � , ' �, , , become due ai any time during the Iile ol this Asrignment. Assignor further agrees,upon derr�and �!,�;+Y,-`�__.
<br /> � ,+c " [hereof,io deliver to and deposit sard leases with Assignee. �"�'�'.A61_
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<br /> . . ..' '. Assi nor he�eb desi nates constitutes and a aints Assignee,its successors and assigns,with � `~� "' .�._
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<br /> �• fu!!powier of substitution,its true and lawlul attorney with po�nrer for i[and in its name,p/ace and �:�..y__. �� _
<br />. ;:��� stead,for in rhe name o/Assiqnee, io ask,demand,collect,receive,recei,nt and give full and com• .�.:
<br /> plete acquittances(or any and all renrs,issues,pro/its snd income hereby assigned which may become �. ,� � w=,
<br /> . � � due and paysble by/essees or other occupants of the Mortgaged Premises;and a t its discretion to file ° "�
<br /> . � any cfalm or teke any other actrorr or proceeding to make any set�/ement of any claim,eithe�in its '��'�
<br />: ' � own name or in the name of Assignor,or o[herwise, which the Assignee, or any successor may deem ` �'� . ��
<br /> ° desirab/e in order to c.ol%cr and enforce the payment of any and all rents,issues,profits and income �•'+,'..
<br /> .� " herein assigned. The lessees and occuponts ol the Mortgaged Premises,or any part hereof,are hereby • .
<br /> � • , expiessly authorized and directed to pay alI rents and suir►s herein assigned which would be payab/e .
<br /> `� to Assignor,excep[/o► this Assignment, to!he Assignee,and to transrnii and deliver such peyment
<br /> � ' , to!he Assignee or such nominee as it may designate in writrng,de/ivered to and received by such
<br /> " ' /essee or occupant, who is expressl y relieved ol any and all duty,liability or ob/igation to the • �.
<br /> ' - .��;; Auignor in resQect of al!payments so made. • ' '
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<br /> '� � Assignee shall be,and hereby is, vested w�th lull po�ver tn use al/such measures,legal and
<br />' �;!' � . ,�:,;.��:' equitnb!e,as in its disr.retion may be deemed necessary or proper to enlorce rhis Agreement and �
<br /> ' , . -��� [o collect ihe renrs, issues,profits and income assigned hereunder, including rhe righf!o enter upon •
<br /> _ �+ the premises and to take possessian thereol,and Assignor hereby grants ful/power and authority
<br /> 5�':��'� to the Assignee ta exercise all rights,privileges and powers herein granted ar any and al/ t�mes nere•
<br /> . �;;:;��:;;' afrer,without notice to Assignor, w�[h full pawer to useand app/y al/of the rents,issues,profits and
<br /> income herein assigned to the peymenrs oJ any indebtedness or liability o�the Ass�gnor to the
<br /> � � ' Assignee,in such order as Assignee may determine.
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