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85- 0062`?l <br />ASSIGNMENT OF RENTS OR LEASES <br />T <br />KNOW ALL MEN BY THESE PRESENTS, that Real Estate Investors, Inc. <br />a Corporation , for and in consideration of an extension <br />of credit have sold and do by these presents grant, convey, sell, assign and <br />transfer unto the said OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK all rents and /or <br />lease payments due from the rental of those certain premises described below: <br />Lots Two (2) and Three (3) in Block Ten (10), in Bakers Addition to The <br />City of Grand Island, Hall. County, Nebraska; and <br />Lot Two (2) in Janisch Subdivision, an Addition to the City of Grand island, <br />comprising all. of Lot Two (2), Fonner Subdivision, an Addition to the City of <br />Grand Island, excepting therefrom the West Four and Five Tenths (4.5) feet of <br />the South Six (6.0) feet, located in part of the West Half of the Southwest <br />Quarter (w} SIP}) of Section Twenty —Two (22), Township Eleven (11) :worth, <br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska; and <br />Lots Six (6), Seven (i), Eight (8), Nine (9) and Ten (10) in Block Forte <br />(40), Packer and Barr's Second Addition to the City of Grand Island, Hall <br />County, Nebraska. <br />IT IS EXPRESSLY UNDERSTOOD AND AGREED, 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 and unless a default <br />shall occur in the payment of interest or principal due under the note dated <br />December 16 , 19 85 , secured by the above described mortgnga of <br />even dates and only after OCCIDENTAL. NEBRASKA FEDERAL SAVINGS BANK has giver <br />fifteen days written notice to Real Estate Investors, Inc. to cure <br />said default. <br />STATE OF NEBRASKA ) <br />SS. <br />COUNTY OF 7 <br />SUBSCRIBED .A%1) Sl•IDKP: TO hefore me this day of � <br />19 . <br />" NOTARY PUBLIC <br />li <br />0 <br />