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<br /> E 76• (1U3y3;:'
<br /> ASSIGNMENT OF CONTRACT
<br /> ' r KNOW ALL hfEN BY THESE PR�S�NTS: That we, Richard L. liartman and Patricia A.
<br /> Hartman, husband and wife, for and in consideration of the sum of FORTY-FOUR THOUSAND
<br /> FIVE HUNDRID AND NO/100 ($4k,500.00), to us in hand paid by The First National Bank of
<br /> Grand Island, Grand Island, Nebraska, do hereby sell, assign, transfer, and set over
<br /> to such The First National Bank of Grand Island, all right, title and interest in and
<br /> to that certain land contract dated April 11, 1973, and made and executed by
<br /> C. F. White and Virginia L. l�i�ite, husband and wife, as rirst Parties, copy of which
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<br /> , contract is attached hereto and hereby made a part hereof.
<br /> We hereby represent that there is now remaining unpaid on such contract the
<br /> sum of Ninety-Five Thousand and No/100 Dollars ($95,000.00) and that there are no unpaid
<br /> sums past due either of interest or principal. 'Che object and the purpose of this
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<br /> assignment is to secure to The First National Bank of Grand Island, Grand Island,
<br /> Nebraska, the payment to it of the total sum of FOR'PY-FOUR THOUSAND FIVE HUNDRED AND
<br /> NQ/100 DOLLARS ($44,500.00) according to the Cerms of one certain promissory noCe
<br /> � dated July 7, 1976, in the principal amount of FORTY-F1�UR THOUSAND FIVE HUNDRED AND
<br /> j: NO/100 DOLLARS ($44,500.00), with interest at 9% per annum, such note being payable
<br /> on July 7, 1977.
<br /> � The undersigned further agree that if The First National Bank of Grand Island,
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<br /> Grand Island, Nebraska, shall make payments on said contract, either principal, interest,
<br /> S or taxes, that this assignment shall operate as security for the repayment to it of
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<br /> all sums so paid with interest from the date of payment at the rate of 9% per annum.
<br /> The undersigned further authorize the escrow agent, when the terms of the
<br /> s aforesaid contract have been fu11y complied with, to deliver to The First Nat3onal
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<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, esecute and deliver to
<br /> The First National IIank of Grand Island a deed conveying such land to it.
<br /> � It is understood and mutually agreed that when .-11 sums secured by this
<br /> - assignment shall have been paid in full to The First National Bank of Grand Island,
<br /> , Grand Island, Nebraska, caith interest thereon, then The First National Bank of
<br /> Grand Island, Grand Island, Nebraska, will reassign said contract to the undersigned
<br /> and in the event said lands shall have been deeded to The Fir�t National Bank of
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<br /> Grand Island, Grand Island, Nebraska, as hereinbefore provided for, that then and �•�
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<br /> L in that event it will reconvey to the undersigned by good and sufficient deed �
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<br /> covenanting only against its own acts and subject to all unpaid taxes and encumbrances ^
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<br />� to the undersigned. `
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