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~-- +~ #~* asst~t~i~+t~HT ~~ ~;e~rrs .~;~~~~ A.1:G 92E,~"BY ?:YESEFRESE.'~'?"S that "id-Continent En*.ercrises Inc. a yras~a orporat -:,n kereirc ter sadltd rAe mortgagor-, for and in consideration of a loan of S by ioa~ercial National Bank & Trust ^ors~anv of Nall County Nebraska heretnafier cnUed the mortgagee ,secured by a ferst mortgage held by Comnercia7 National Bank & Trust Cor~any ,and other good and valuable consideration, the receipt whereof is hereby acknowledged, do hereby assign, transfer and set over to the mortgagee its successors or assigns, as additional security for the payment of aforesaid mortgage loan and arty delinquencies thereon, for so long as aforesaid loan or delinquencies thereon: or any part thereof remains unpaid, the rents accruing upon the following described propesties, located in the City of Grand Island Hall County, Nebraska ro-wit: lot Three (3), Block Nine (4), Continental Gardens, an Addition to City of Grand Island, Nebraska. And the .raid mortgagor hereby authorize and empower the said mortgagee, its or their successors and assigna, by Its or their authorised agents and attorneys, to let for safd mart- - gagor and rent the above described premises or any parr thereof, and collect and receipt for said lent, either monthly, quarterly, or yearly, as it or they may see jtt, and in default of the pay- - ment of said rent or any part thereof to proceed in its or their name by suit or suits at law or equity for the recovery thereof in such manner as it or they shall deem fit. i7tis assignment of rents Js being made for the express purpose of having the rent coUerted .hereunder applied to payments of principal and ini~,rs~t on the loan and delinquencies thereon above described as agreed by mortgagor _ to be per' on -the note executed by mortgagor _ to mortgages. _ and the real estate mortg~~ oa th4 ~o=° described real.estate securing said note. .~ ----- --- - A~iortgagee~, its s~ecessors or assigns, ma}', in Its or their discretion use the rants so far a3 - - ndcessary for the purpose of making such repairs upon the premises as in its or their judgment may be proper and may use sold rents so far as necessary jot the payment of lnsuratere prtmi- ums and taxes on sold premises, or any other payment to be made by mortgagor under the terms of the note and mortgage above mentioned, the balance to ire applied upon the payment ofPrin~P~ and tntesest on said loan. This assignment of rents is intended to apply only in case of the default of the undersigned in the payments specij4ed in the above note and mortgage or any delinquencies thereon. Fn such case mortgagee its or their successors or assigns, may waive colfeetlon thereof for spaces of time, at Its or ~elr optton, but such wolves or failure to collect hereunder shall not he constneed to be a waiver ojthe right to collect any subsequent installment of rent. The delivery of a copy of this instrument to any tenant or tenants occupying said premises or any part thereof shall be sufficient to require said tenants to pay said rent to mortgagee its or !belt successors or assigns, until further notice of the amounts delinquent on aforesaid loan have been paid When said loan is paid in full, a release of the aforesaid mortgage shall be deemed to be a release of this assignment wtihout further evidence th?reoj: Dated this 30th day of__ August , I9 7g . WIT1Y 3S: 'rlID-CONTINENT ENTERPRIS C„ a '! ~~~ Ne r s! Co oration By: res , ~~ ~ , ' r. Mi Ronald R. Vond~ro~e, _ ~ y; lover! ~ - ~; a .