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<br />ASSIGNMENT OF RENTS `'' ~ ` ~ ~ U i c~ ~:~
<br />KNOW ALL MEN BY THESE PRESENTS: - That , the undersigned,
<br />' of the County of Ha11 State of Nebraska , for and in consideration
<br />of ~~~~~I~~~'%i~~'~~~i~a~~'~~~a~y,~~~~~~~,~aYf~~~ff~o l la rs ,
<br />as a loan in hand paid to Nottingham Estates, Inc. by the
<br />Commercial National Bank & Trust Company of Grand Island, Nebraska, a
<br />corporation, and other good and valuable consideration, the receipt
<br />whereof is hereby acknowledged, do hereby assign, transfer and set
<br />over to said Commercial National Bank & Trust Company, as collateral
<br />security for the duration of the loan, all the rents, income and pro-
<br />fits accruing upon the following described property, situated in the
<br />County of Hall, State of Nebraska, to-wit:
<br />Lots ~.~ne ( 1) , 'I~ro (t) , ThreE~ ! 3) , Four i4? . Five (S) , Six (6) , Seven (7) ,
<br />Eiyhteer. ( 18) ~'3otC ingh.im Fst3res Subdivision, Fial l i'ounty, Grand Island,
<br />N~~-braska, :~l so known .~s -, 37, ' 35, ' 33, :' 3i , 7?9, 727, 725 Church Road, Grand Island,
<br />Webraska.
<br />And wN hereby authorize and empower the Co®ercial National Bank
<br />6 Trust Company of Grand Island, Nebraska, its authorized agents and
<br />attorneys, to act for ;,5,and rent the above described premises, and
<br />in }~,rplace collect and receipt for said rent, at such prices and upon
<br />such terms as they may see fit.
<br />This assignment of rent being made for the express purpose of
<br />having said revenue applied to the repayment of the above mentioned
<br />loan.
<br />Said Commercial National Bank ~ Trust Company may, in its dis-
<br />cretion, use the rents so far as thev may deem necessary, for the pur-
<br />pose of making such repairs upon the premises as, in its judgment, may
<br />be proper and may use said rents so far as necessary for the payment
<br />of insurance premiums and taxes upon said premises. It shall also have
<br />authority to deduct from said rents <~ fair compensation, to be payable
<br />to said Commercial National Bank ~ Trust Company agents, for services
<br />rendered in the collection of said rents; the balance to be applied
<br />upon the payment of monthly dues, interest and fines upon said loan.
<br />Dated at ~t.-n~i ,5i~inci, `i~~t~t.~z~ka
<br />~litness
<br />State of Nebraska,)
<br />Hall County. ) ss.
<br />this .' ~3tidday of Urcensber 19 82
<br />NIyTT I Nc;HAM I:$ Tl1TE S , I NC .
<br />~1
<br />ar ar y
<br />r
<br />sy.. f
<br />On thisl?n•~aay of ~~r~~ 19 sz , before me, the undersigned,
<br />a Notary Public, in and for said County, personally came
<br />~ personally known to me to be the identical person whose name
<br />affised to the above instrument as grantor and acknowledged the
<br />•aea to br nos voluntary act and deed.
<br />Mitnes• wry hand and Notarial 5ea1 the date aforesaid.
<br />M~- ca~ission expires .
<br />~ _ ~ , ,
<br />Nocary Public
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