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<br /> .. ,- ��. 005221
<br /> NEGATIVE PLEDGE OF REAL ESTATE
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<br /> �I This Agreement, made and entered into this 18 day oF
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<br /> ' � Auqust , 19 76 , by and 6etween fIRST WESTROADS BANK, 280 Italia
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<br /> ; � Mall, Omaha, Nebraska, hereinafter called "Bank", and ROBERT EARL McCORMICK ill
<br /> , � AND BONNIE J. 14cCORMICK, HUSBAND AND.IJIFE
<br /> � ' W 1 TNESSETH:
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<br /> ' ;y Whereas, Rober.t Earl�;ani1 Bonnie J. McCormick is the record
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<br /> � owner of the fotlowing described real estate to wit: One-half of
<br /> , `� The SE �, Sec. 14, Township 9, Range 11, West of the 6th P.M., Hall
<br /> • � . County, Nebraska
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<br /> IWhereas, the Bank did agree to lend to McCORMICK LTD, INC.
<br /> ',;� and McCORMICK LTD., INC. did agree to borrow from the Bank on the
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<br /> r '{ 18 day of August , 19 76 , the sum of Sixty Thousand
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<br /> � � and no/100 ----------Dollars ($60,000.00 ) and
<br /> IWhereas, it was agreed that said loan was on the specific condition
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<br /> �. t that Robert Earl and 8ennie J. McCormick would not sell, convey, transfer, or ,
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<br /> encumber the above-described property;
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<br /> i � Now, therefore, in consideration of the aforesaid loan and for other
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<br /> `' :� good and valuable consideration, Robert Earl and Bonnie J. McCormick hereby
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<br /> � ? jointly and severally covenant and agree that until such time as the aforesaid
<br /> ; � loan is repaid in full togetherrwith all interest thereon, they shall not either
<br /> k i , jointly or individually, directly or indirectly, seil convey, assign, transfer,
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<br /> � or mortgage or allow any encumbrance to be placed upon or otherwise disposed
<br /> of any interest in and to any and all of the above-described property. The
<br /> parties ag�ee that this agrcement may be filed for record. This agreement is
<br /> � to be bindin u on the arties hereto, their
<br /> g p p personal representatives, succes-
<br /> sors, and assigns.
<br /> In Witness Ylhereof, the parties hereto have execu ed fiis agreement
<br /> ' the day and year fi rst above wri tten. � � ��4 '� '�
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<br /> � G ,e�����.1 � �
<br /> � obert Earl McCormick I +d ;
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<br /> Donnie J. McCormick
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