|
~
<br />
<br />ASSIGIdMg;A:T taF' E~tF'AL "r.STA~'F; I'UF2CHA:.i~ CON'I'FtAC'I'
<br />;Open-end: 'I`o Secure k~resent and Future Obligations and Advanc~e~)
<br />Uate: January 7, 1983
<br />Gary E. Shovlain and Linda U. Shovlain
<br />Assignors
<br />of Grand Island, Nebraska _~ in consideration of the advance of
<br />the principal sum derided in t_he note hereinafter described and in con-
<br />sideration of future advances c.sf funds mane by assignee to assignors ar
<br />any of them as hereinafter F3rc3vidzd, hereby assigns and conveys to
<br />_ Commercial National Bank & Trust Company whose
<br />principal office is <3t 424_West_ 3rd, Grand Island, Nebraska ,
<br />all theiz rights, titles and ir.tr~rest in a contract to purchase real
<br />estate dated October 1, 1980 ~~, try and between Robert A. Scott, Jr.
<br />and Dorothea F.. Scott _ seller, and Gary E. Shovlain and
<br />Linda D. Shovlain ___~_ ~~ purchasers, the following described
<br />real estate: The Southerly Forty-nine Feet (S 49') of Lot Seventeen (17)
<br />and the Northerly Forty-six Feet (N 46') of Lot Eighteen (18) in Holcomb's
<br />Highway Homes, a Subdivision of a part of the Northeast quarter of the
<br />Northeast Quarter (NE~~)' dnd a part of Lot Four (4) Mainland, a21 in
<br />Section Twenty-eight (28), Township Eleven (11) North, Ran Nine (9)
<br />West of the 6th P.M. in Hall. County, Nebraska, and the Nor~herly Sixty
<br />{60) Feet of Lot Seventeen (17) in Holcomb's Highway Homes, a Subdivision
<br />ref a part of the Northeast Quarter ~~f the Northeast Quarter (NE~iE~t) and
<br />a part of Lot Four (4), ~'Nainland, in Section Twenty-eight (28), Tovmship
<br />Eleven (11), Fiorth, Range Nine 49) West of the 6th F.M., in Hall County,
<br />Nebraska, filed in Hall County Req. of Deeds office doe. ~60-00650.&
<br />c~[fu[ati~xxxxxxxxxxxs~gract~c according to Government survey;
<br />together with all caf the right, tit1E and interest of ~whe Assignors in
<br />said property now yawned, or `acrdafter .acquired, and including all build-
<br />ings and improvements new ~.~n ~~r ~rereafter t}laced upon, said real property;
<br />inc.ludinq ~ilso ~.~il water, an.~ ~irain~rgw rights.
<br />'I'hls assignment 1S <.l~veri *o ::,ecur~Y:
<br />(a) A promissory note dated January 7, 1983_ , given by Assignors
<br />to Assignee ir, the ~r i:,c.iF_7ai ~ua:a cif Sevent Six Thousand Three Hun-
<br />Bred Thirty Eight and 74/1C}0---•iollar:~, f>ayable with interest ac-
<br />~ordinq to tt;e terms i:L faid note and any instruments takers in re-
<br />financiny, ~~xtendiny, c;~r r~~raewir~g said iridebtecir-~:ss r~r any part
<br />thereof;
<br />(b) Any future advance t3) , witia interest, which may tae made from
<br />time tea time by Assigner°, aL it, oE~tion, to Assignors, or any of
<br />them car their successors in t. itlra, for anl1 purpose .i n c3ny dIIlaUnt or
<br />amounts, provided, however, that surd future and additional advance(s)
<br />shall be so sires*_ed that tY~.e total Principal amounts outstanding at
<br />any time shall rant tzxceed the sum of Seventy Six Thousand Three Hun-
<br />dred Thirty Eight and 74/100-dollars, and provided fuxther the future
<br />advance{s) so made shall t~ payable in accordance with the terms of a
<br />promissory note or notes which may be taken to evidence such advance(s)
<br />or any part thereof. t'I'he optional advance(s) herein authorized shall
<br />be considered additional to the advance(s) hereinafter authorized
<br />to be made by the Assignee for the protection caf the security cjr
<br />Assignee's interest thr:rein).
<br />'T'his assigriinent to be void ;span the E~ayraent in full with interest of any
<br />obligations, present or future, secured or to be Secured hereby.
<br />~~ ~.
<br />bye ',;~`",~~ y~ ``-~.~`'~~~ ,T`.~~~'" „~..
<br />;.
<br />by ~.-.~..~`~` frai`icla "Z5:'M'~o ~.._..~.~_.__~____
<br />ST~-T~ NebZaaka C'aunty ear Hali
<br />6efo~°~e ~, a- r~~rtary public g~u~alif~,ia~d for said ~•o~unty, personally ~~~MR
<br />_ T. SE1c~viain and Linda D. Shoviain______ _ _
<br />k.t~w~n tt- .o bar the i.dentier~l ,~rrsons who signed the fore~eai_raer~instrurracznt.
<br />a ~a~owleded the c~xc~ut:ic~ra therc~t to t:t~eir arolunt_ar'~~ Krc:t arac3 parr;,'.
<br />witztrr,W~ mY hand r~nr! rxvtarial ~~~ea1 pan January "7,
<br />~, :~~` i M0TiAA4-S~s1~ ~I I1Ksp~~
<br />~~. ~ C`
<br />a. 3 ~' ~
<br />
|