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BQ•.. ~CS~~.~
<br />ASSIGNMENT OF LEASES, RENTS AND PROFITS
<br />TtlIS ASSIGNMENT, made this 19th day of Dime , 19~ ,
<br />by E. Dead Wolfe
<br />_ (herein called "Assignors"), to
<br />FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, having its principal place
<br />of business in Lincoln, Nebraska (herein called "First Federal");
<br />WITNESSETN: For value received and as additional security for the loan
<br />hereinafter mentioned, Assignors hereby sell, transfer and assign unto First Federal,
<br />its successors and assigns, all right, title and interest o~ Assignors in and to the
<br />rents, issues, profits, rights and benefits from the property described below:
<br />SEE ATTAQ3ED II{HIBIT A
<br />And to that end Assignors hereby assign and set over unto First Federal,
<br />its successors or assigns, all leases or subleases of said premises now made, executed
<br />or delivered, whether written or verbal, or to be hereafter made, be the sane written
<br />or verbal.
<br />And the Assignors do hereby authorize and empower First Federal, its
<br />successors or assigns, 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 anc: manage the same, and to sue far or otherwise
<br />collect the said rents, issues, profits, rights and benefits, as they shall become
<br />due, and hereby direct each and all o£ the tenants of the aforesaid premises to pay
<br />such rents as may now be due or shall hereafter 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, hasoever, that no such demand
<br />shall be-made unless and until there has been a de~ault in the paynceut of the
<br />indebtedness secured by the Mortgage and Financing Statement herein mentioned, ar
<br />default in the payment of any other sums secured by said Aortgage or Financing
<br />Statement, and, until such demand is made, Assignors are authorized to collect,
<br />or continue collecting said rents, issues, profits, rights and benefits; but
<br />that such privilege to collect ar continue collecting, as aforesaid by Assignors
<br />shall not operate to permit the collection by said Assignors, their successors ar
<br />assigns, or any installment of rent in advance of the date prescribed i.n said
<br />lease or leases far 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 expenses of collection, including reasonable attorneys' fees, and may
<br />also use the same to make good any such defaults and to pay taxes, insurance
<br />premiums., expenses of repair and maintenance and all other expenses involved in
<br />the proper management of said premises, anc~ shall pay any surplus then remaining
<br />to Assigaors.
<br />The term of. this Assignment shall be until. the Note {or. any extension ar
<br />renewal thereof) of even data herewith, made, executed and delivered h
<br />E. Deaz~t Wolfe _ _ for the sung of $ 3~D,~~-~__~'__ _
<br />and secured by a Mortgage covering said premises aria a Financing uzCewent covering
<br />certain fixtures and equipment situate pn said premises, sisall have t>eea fully paid
<br />anc2 satisfied, or ixntil. the expiration of the neri.nd of red~~mptlon, if any, at which
<br />lima this Assignment is to be fully satisfied, cancel3ed and released; and Che
<br />zeleasing of said Mortgage and Financing Statement shall, constitute a release: hereof.
<br />This Assigament is given as adilitioctal security fur thi ps~rionranr:e of each
<br />and ali of the obligations and covenants: of the Rote and MorCl;al;e .ibove-dc:;cribed
<br />(or arty extensiart ai renewal Chcxoaf).
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