An assignee may enforce a security interest in rents by (1) the appointment of a receiver under applicable law, (2) the recovery of rents as part of the enforcement of an assignment instrument, or (3) as provided in section 52-1706 or under other applicable law. The collection of rents by an assignee in accordance with section 52-1706 shall not be deemed to impose the obligations of a mortgagee or any other person in possession of the real estate on the assignee.
Neb. Rev. Stat. § 52-1705
Security interest; enforcement by assignee
Applied in 1 court decision — leading case 24TH & DODGE LIMITED PARTNERSHIP v. Acceptance Ins. Co. (2005)
Most recently applied in 24TH & DODGE LIMITED PARTNERSHIP v. Acceptance Ins. Co. (January 2005)
Laws 1993, LB 14, § 5.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.