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<br /> 7�� �QO(1'���
<br /> ASSIGNMENT OF AGREEPiENT FOR SALE OF REAL ESTATE
<br /> � �- KNOW ALL MEN BY THESE PRESENTS: That we, Robert L. Siemers and Betty J.
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<br /> Siemers, Husband and Siife, °or and in consideration of the sum of TW0 11UNDRED '
<br /> TIiOUSAND'AND NO/100 DOLLARS (5200,000.00), to us in hand paid by The First
<br /> �,t National Bank of Grand Island, Grand Island, Nebraska, do hereby sell, assign,
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<br /> } transfer; and set over xo such The First Natlonal Bank of Grand Island, all
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<br /> � right, title and interest in and to [hat certain land contract dated
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<br /> ; � : September 9,'1966, and made and executed by Leo .T. Hitchler and E11a S: Hitchler,
<br /> aHusband and Wife, as First Parties, copy of which contract is attached hereto and
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<br /> , ; hereby made a part hereof.
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<br /> ' } We hereby represent that there is now remaining unpaid on such conL•ract the.
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<br /> . SLLN Of �NiZ //1duSN�vA 2'G�i'��FKawd.rl,.�' S�Zl�iFrv�/ F)C�� ,4�,r1 � I�� �. ..
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<br /> and that chere are no unpaid sums past due either of interest or principal. The >
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<br /> object and:purpose of this assignment is to secure to The First National Bank of.
<br /> 4 Grand Island, Grand Island, Nebraska, the payment to it of the total sum of
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<br /> TWO HUNDRED THOUSAND AND NO/100 DOLLARS ($200,000.00), according to the terms of
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<br /> one certain promissory note dated�t6/1 /� :9�7 , in the principal amoun[ of
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<br /> Tt20 HUNDRED THOUSAND AND NO/100 DOLLARS ($200,000.00), with interest at 9% per
<br /> , i annum, such note being payable on f,�6R. i��y��
<br /> The undersigned further agree that if The First National Bank of Grand Island,
<br /> Grand Island, Nebraska, sha11 make payments on said contract, either principal, !
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<br /> interest, or taxes, that this assignment shall operate as security for the
<br /> repayment to it of all sums so paid with interest from the date of payment at the -
<br /> rate of 9% per annum.
<br /> � The undersigned further authorize the escrow agent, cahen the terms of the
<br /> aforesaid contract have been fu11y complied caith, to deliver to The First :lational
<br /> Bank of Grand Island, Grand Island, Nebraska, any and all deeds presently held by
<br /> the escrow agent and further, the undersigned agree to make, execute and deliver
<br /> to The First National Bank of Grand Island a deed conveying such land to it.
<br /> It is understood and mutually agreed that when all sums secured by this
<br /> assignment shall have been paid in fu11 to The First :Iational Bank of Crand Island,
<br /> Grand Island, Nebraska, with interest thereon, then The First National Sank of
<br /> Grand Island, Grand Island, Nebraska, wi11 reassign said contract to the undersigned
<br /> and in the event said lands sha11 have been deeded to The First National Bank of "'�i :""�
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<br /> Grand Island, Grand Island, Nebraska, as hereinbefore provided for, that then and �
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<br /> in that event it will reconvey to the undersigned by good and sufficient deed p. ,
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<br /> covenanting only against its own acts and subject to a11 unpaid taxes and
<br /> encumbrances to the undersigned.
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