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87 100304 <br />ASSIGNIENT OF RENTS OR LI ASE`i <br />KNOW ALL tAEN BY THESE PRESENTS, that Helen Freric and <br />Richard A. Frerichs for an in consi ration o an ext@rlsion <br />ocr it have sol ani do by se presents grant, convey, sell, assign and <br />transfer unto the said OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK all rents <br />and /or lease payments due from the rental of those certain premises describes: <br />below: <br />Lot Four (4) and the Westerly Fifty -six feet (56') of Lot Three (3), all in <br />Block Seventeen (17), in Kernohan and Decker's Addition to the City of Grand <br />Island, Hall County, Nebraska <br />IT IS EXPRESSLY UNDERSTOOD AND A(REID, anything herein contained to <br />the contrary notwithstanding, that the mortgagee shall not exercise any of <br />the rights and powers conferred upon it herein, until and unless a default <br />shall occur in the payment of interest or principal due under the note dated <br />7An„a 14 , 19 S7 , secured by the above described mortgage of <br />even dates and only after OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK has <br />given fifteen days written notice to Helen & Richard A. Frerichs to cure <br />said default. <br />STATE OF NEBRASKA ) <br />) SS. <br />COUNTY OF LANCASTER ) <br />SUBSCRIBED AND SWORN TO before me this 14th day of January , <br />19 87. <br />k STRAITOI! <br />L NOT AWAL J. 7 Mrs <br />ASKA <br />axnaw <br />DULY 7. 1987 <br />a <br />NOTARY PUBLIC <br />