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��y� .. � _`Jr_ _ 3 ': ✓�• .1�'� �""'. . . .. . , � � �t � , I�°� . � �� b- �r��s i ASSIGNMBNT OF RENTS AND AGREEMENT NOT TO SELL OR ENC[R�1BER REAL PROPF.R'PY In consideration and as security for a loan made or purchased by State Federal Savings and Loan , hereinafter referred to aa "Lender" which loan was made for the ,. r improvement of real property, described below, and is evidenced by a promissorp note in favor of State Federal Savings and Loan_ dated the 2nd day of Septemb 19 , in the amount of Two 'Phaisand One Hundred One and 80/100-- , ________________��____-"------------($2,101.80) Dollats by the undersi�ned, and each of them, hereinafter referred to as "Borrower", hereby covenant and agree with Lender as follows: 1. THe real property referred to herein is located in Grand Tsland, . Hall , State of Nebraska , and is City/County of -- described as follows: Lot Eleven (11), h'estern Heights Secound (2) Subdivision in Ha11 County Nehraska � 2. Borrower hereby assigns to Lender all moneys due or to become due to Borrower ` as rental or otherwi�se for or on account of such real property, reserving unto Borrower the righL to collect and,retain any such moneys prior to Borrower's Default under the terms of the loan deacribed above; 3. Borrower will no[ create or permit any lien or any encumbrance (other than those i 4 presently exist:ng) to exist 'on said real property and will not transfer, sell, assign or in any manner dispose of said real property or any interest therein witliout the prior wtitten consent of Lender; 4. Lender is hereby authorized and permitted to cause this instrument to be recorded �; at such time and in such places as Lender at its option may elect; i 5: This agreement is expressly intended for the benefit and protection of Lender and all subsequent holder.s of the note described above, Borrower warrants and represents that Borrower owns the above described real property; r 6. In the eyent that the Borrower shall sell or encumber said property in violation w of this agreement, the Lender at its option, and without further notice, may declare the ' entire indebtedness of the Borrower to the Lender immediately due and payable, and the: ._ _. Lender may pursue any remedy available to it, whether in law or in equity, co eniorce coLlection of all sums due and owing to it; = 7. This agreement shall remain in full force and effect until the loan described z: above shall have been paid in full or until twenty-one (21) years following the death :, of the last survivor of the undersigned, whichever first occurs. P , 19 76 Dated this Zn�ay of Se tember __ State of Nebraska, ) �r_J�= ' � � ) ss. � - County of �11 � On this Znd day of September. , 19 76 , before me, the undersi&ned a Notary Public in and for said City County and State, personally appearedhis William I�. Pfoody and Linda ht. Moody , life, known to me to be the persons whose names are subscribed to the within instrument and � acknowledged to me that they have executed the same, as their own free act and deed. Witness my hand and official seal the day and year last above wr tt� �� _�� ' � ��A NOTIIRY•s��teo�seomw � � F " CIND�1 y p blic � ..My Comm.ExP. u Y ,1980 # My co�ission expires: a When recorded, mail to: , ♦7 f,�L� �ti �'.rd1 �1�"f�"�"(�� — "� t'�� t;.t:r_v. �Y .L�-� N . '�� L .�nc�in, Nebraska. 68502._ . a �� �" h. tY: :�, ,� } - � J