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� .. _.. � � f � r �9� 106"�80 ASSIGNMENT KNOW ALL MEN BY THESE PRESENTS, that for and in considera- tion of the sum of TWELVE THOUSAND AND NO/ 100 DOLLARS ($12,000.00) loaned to us as evidenced by a Promissory Note dated June 19, 1989, the terms of whiCh are in�orporated herein by this reference, we, ROIvHLD E. LORENZEN and PATTY J. LORENZEN, husband and wife, : "Assignors", hereby assi�n , transfer and set over to GRAND ISLAND TRllST COMPANY, "Assignee ', al � of our right, title and interest in and to a certain land contract entitled "Agreement for Sale of Real Estate", bearing the date of June lb , 1989, wherein Assig- � nors are purchasing tl�,� rea] estate ]ocated in Ha] ] Caunty, Nebraska, ]egally described as : ; Lot One (1) of Section Ten ( 10) and the Westerly Seventy-Five Feet (75 ') of Lot Four (4) of Section j Eleven ( 11) , All in Township Ten ( 10) North of Range ; Nine (9) West of the 6th P.M. , Hall County, Nebraska; , from Robert Clark Lee. � This Assignment is given to secure a Promissory Note dated � ; June 19, 1989, given by Assignors to Assignee, in the principal = � sum of Twel ve Thousand and No/ 100 Dol]ars ($12,000.00) payab]e i� '�- � witn interest according to tne terms of saia note; ; In the event such indebtedness, future advances , interest . . and such other sums as may be advanced in accordance wifih the : terms of Che aforementioned Promissory Note and this Assignment are wel ] and truly paid in accordance with the terms therein con- - � tained, then this Assignment shal ] be void, otherwise to remain - � in full force and effect . The undersigned Assignors shall continue to make all pay- � : ments to be made according to the terms of the ]and contract which is herein assigned as security as they become due according to the terms of said land contract . Should, at any time, Assignee ` � advance any payments in respect to amounts owing on said ]and :.� ' contract in order to protect its security interest therein, be ' ..�, ' such advances for the payment of principal , interest or taxes, ?:�� ; this Assignment shall operate as security for the repayment to '• . - Assignee of all sums so paid c,�ith interest from the date of such payment equivalent to that provided in the aforementioned Promis- � , sory Note. It is expressly understood that nothing herein contained shall be construed as a covenant or agreemenC on the part of the Assignee to assu�e or pay any part of the purchase , pric� in respect Co the real estate described in the land con- tract or to pay any taxes or encumbrances thereon. In the event of default by �he Assignors in respect to their obligations owing ta Assignee, Assignors hereby authorize the -1- � ! � . � _,_,� R !L� . i, . • � �