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<br /> � NO'[lCE QF ASSlGNMENT OF REAI ESTATE PURCHASE C�NTRACT Fpq O�1�03248 �
<br /> PtJRPO&E5
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<br /> ' � � 7his Notks of Aa3i�nment rtlade by �i�ran Mannira and Rathryn �anninq. Qusbanc� & Wife
<br /> : . . . . Ani�nar.and esd�af thsm if mas ihan ane. �nd the ftrat State 9ank,Shetton,Nebraska(Bank1.Assi9nee '
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<br /> . WtIEF�AS. Assignor, as purt�aaer. has es�tered into a Con�act to pur+d�ase cert�in real estate (Propertyj described as �
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<br /> North�rest 4�arter tt�;} of Sec�ion Eighte�w����p Eleven (11) Ncrth. Rar�ae. . . , � .- .
<br /> . T�relve (22j West of the 6th P.M. ° _._ i t�';_ �� T' � , - , .. . .
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<br /> in Hall Courtty, MebraSRa. iram • ��� Mannl � - _ '�`�°''"
<br /> � dated-Seatea�6er 3. 1976 , an�• �� na & Cathesine C. Mannir��_�i'
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<br /> ' � WHEREAS,Assisnor deaires to obtain a toart of rtwney or any rcr�ificabons,extensions and renewats of existlng loans '
<br /> . thereof or thereto,�and eny and a!1 futute advances and readvancss pursua.��xo one or mcre promiss�ry Notes or
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<br /> ' � Credit Jlgreements payabie to Bank;
<br /> • � NOW. THEREFORE.to�vatua6le consideration,_ittr.J�r�f'��c±-r��sx!et�s'soa-at sr�f�t-':Qe:.�.�iiefesni to fis,signor--- _ .--- - _ --- ---- ' _
<br /> Assignor heYeby +rrevocably grants, trartK�:�, convdys��sstgns ta 8ank, its successors and assigns, ati righf titte �
<br /> an0 intsrest in,to, and under said Cont��.������.�w��yment of said toan(s).
<br /> , Notwithstanding tfiis Assigoment, Assignar $hau contrriue to pertorm under the terms artd conditions of the �r,tract as �
<br /> purChasers- Should Assigrtor fail to pe�c�rn as agreed under tt�a terms and conditions af said CantraCt, Assignor '
<br /> authorizes Snd disept.s the Selter under said Cantract to natliy tite Bank aac4raingly. Upon receipt oi such notice. it is '
<br /> a��eed thal the Bank may, at�:s option. peAOrm any artd ali af the terms and candi6ons of said Contract;and may.
<br /> upon the compteti��of pe�formance of said Contract, requast and receive a good and suffiGent deed ot conveyence to �� °�
<br /> sAW re81 eStdte descrlbed in said Contract itom the owners thereot to the Bank es Grantee. Nothing Contained herein, ; ;:
<br /> � however.shali be construed as 8 covenant or agreement by Bank to peAo►m said Contract for or on behaii of Assignor. .
<br /> Assignor further agrees that in the event the Bank crr�ikes any advanCes or other payments under said Contract, the
<br /> amounts pald or advanced shall becorr�e pan of the indebiedness secured by the above-described Nate{s), and shali
<br /> , become immediat�y due and payabte aad shall bear interest at the default rate as set torth in said Notes. ,4
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<br /> � Assigr!o�furiher agreeS that, irn ;he evert ihere 1s a detault in the a
<br /> p yment ot the abave-described Note(s>, vr any
<br /> taiture�o perform on the part cf the Assignor under the Contract prior to the timg that the loan is paid in full.the Bank
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<br /> , j . may proCeed to exerdse any and all �1gh2s or options it has pursuant ta tne assignment ar any other related documents �
<br /> � made In ccnne�tion wlth said loen(s) t ca�eCt the Indebtedness and aoquire the securiry �►erein essigned fn tuti or paRial
<br /> 88tiSfactipn th�eof.
<br /> Oated: ' ���_ � �`s'
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<br /> FJfiS1r STATE el1yK � C "'� �
<br /> , • Assignee --___
<br /> bY..__ � �� - - ` � .gnor
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<br /> ' ` �� 9 r Ke hryn fng 'Assignor
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