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<br />9o- .106685
<br />COLLATERAL ASSIGNMENT OF AGREEMENT
<br />KNOW ALL MEN BY THESE PRESENTS, that for and in considera-
<br />tion of the sum of FOUR HUNDRED THOUSAND AND N01100 DOLLARS
<br />($400,000.00) loaned to us as evidenced by a Promissory Note
<br />dated �, 1990, the terms of which are incorporated
<br />herein by this reference, we, TED V. HESSELGESSER and SUSAN A.
<br />HESSELGESSER, Husband and Fife, hereinafter referred to as
<br />"Assignors", h.ereby assign, transfer and set over to HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a National Savings
<br />and Loan Association, hereinafter referred to as "Assignee ", all
<br />of our rigFrt:,.r t•.itle and interest in respect to a certain Agree-
<br />ment bearing the date of Jt, ly 19, 1990, as amended by an Addendum
<br />to Agreement dated 11 -21 , 1990, made by Assignors and
<br />Roy V. Hesselgesser and Helen M. Hesselgesser, Husband and Wife,
<br />as Sellers, and E. N. Roe and Merlen Roe, Husband and Wife, as
<br />Buyers, in respect to the following- described real estate in Hall
<br />County, Nebraska:
<br />Lots One (1) and Two (2) in Hesselgesser Sub-
<br />division in the City of Grand Island, Hall
<br />County, Nebraska.
<br />This Assignment is given as security for the indebtedness of
<br />Assignors mentioned hereinabove and as security for such other
<br />sums as may be advanced in accordance with the terms of the
<br />aforementioned Promissory Note executed by Assignors and this
<br />Assignment. In the event such indebtedness, future advances,
<br />interest and such other terms as may be advanced in accordance
<br />with the terms of the aforementioned Promissory Note executed by
<br />Assignors and this Assignment are well and truly paid in accor-
<br />dance with the terms therein contained, then this Assignment
<br />shall be void, otherwise to remain in full force and effect.
<br />At any time after default has been declared by Assignee,
<br />Assignee may cause notice to be served upon the Buyers in the
<br />afurredescribed Agreement directing that all future, payments to be
<br />made by such Buyers be made directly to Assignee, and such pay-
<br />ments thereafter received by Assignee shall be applied against
<br />any .then existing indebtedness owed by Assignors to Assignee.
<br />Should Buyers default in the performance of the terms of such
<br />Agreement as amended hereby assigned as security, Assigncc may
<br />proceed to enforce whatsoever remedies may be available directly
<br />against Buyers.
<br />It is the intention and agreement of the Assignors that this
<br />Assignment shall also secure any future advances made to Assig-
<br />nors by Assignee and any and all indebtedness in addition to the
<br />amount stated above which said Assignors may owe to said
<br />Assignee, however evidenced, whether by not:e., book, account or
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<br />9o- .106685
<br />COLLATERAL ASSIGNMENT OF AGREEMENT
<br />KNOW ALL MEN BY THESE PRESENTS, that for and in considera-
<br />tion of the sum of FOUR HUNDRED THOUSAND AND N01100 DOLLARS
<br />($400,000.00) loaned to us as evidenced by a Promissory Note
<br />dated �, 1990, the terms of which are incorporated
<br />herein by this reference, we, TED V. HESSELGESSER and SUSAN A.
<br />HESSELGESSER, Husband and Fife, hereinafter referred to as
<br />"Assignors", h.ereby assign, transfer and set over to HOME FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, a National Savings
<br />and Loan Association, hereinafter referred to as "Assignee ", all
<br />of our rigFrt:,.r t•.itle and interest in respect to a certain Agree-
<br />ment bearing the date of Jt, ly 19, 1990, as amended by an Addendum
<br />to Agreement dated 11 -21 , 1990, made by Assignors and
<br />Roy V. Hesselgesser and Helen M. Hesselgesser, Husband and Wife,
<br />as Sellers, and E. N. Roe and Merlen Roe, Husband and Wife, as
<br />Buyers, in respect to the following- described real estate in Hall
<br />County, Nebraska:
<br />Lots One (1) and Two (2) in Hesselgesser Sub-
<br />division in the City of Grand Island, Hall
<br />County, Nebraska.
<br />This Assignment is given as security for the indebtedness of
<br />Assignors mentioned hereinabove and as security for such other
<br />sums as may be advanced in accordance with the terms of the
<br />aforementioned Promissory Note executed by Assignors and this
<br />Assignment. In the event such indebtedness, future advances,
<br />interest and such other terms as may be advanced in accordance
<br />with the terms of the aforementioned Promissory Note executed by
<br />Assignors and this Assignment are well and truly paid in accor-
<br />dance with the terms therein contained, then this Assignment
<br />shall be void, otherwise to remain in full force and effect.
<br />At any time after default has been declared by Assignee,
<br />Assignee may cause notice to be served upon the Buyers in the
<br />afurredescribed Agreement directing that all future, payments to be
<br />made by such Buyers be made directly to Assignee, and such pay-
<br />ments thereafter received by Assignee shall be applied against
<br />any .then existing indebtedness owed by Assignors to Assignee.
<br />Should Buyers default in the performance of the terms of such
<br />Agreement as amended hereby assigned as security, Assigncc may
<br />proceed to enforce whatsoever remedies may be available directly
<br />against Buyers.
<br />It is the intention and agreement of the Assignors that this
<br />Assignment shall also secure any future advances made to Assig-
<br />nors by Assignee and any and all indebtedness in addition to the
<br />amount stated above which said Assignors may owe to said
<br />Assignee, however evidenced, whether by not:e., book, account or
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