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<br />83-001356
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />r
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: - That we, the undersigned,
<br />of the County of , State of Minnesota , for and in consideration
<br />of Three thousand eighty seven and 50/100____________________________..Do11ars,
<br />as a loan in hand paid to Guy A. Drake, Jr. & Nancy M. Drake ~y 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, situ~ted in the
<br />County. of Hall, State of Nebraska, to-wit:
<br />
<br />Lot Eleven (11) in Ross and. Ashton Park Being a subdivision of a part of
<br />Lots Fourteen (14) and Eighteen (18) of County Subdivision of West Half
<br />of Southwest Quarter (W~SW~) and a part of the East Half of Southwest
<br />Quarter (E~SW~) of Section Fifteen (15) in Township Eleven (11) North,
<br />Range Nine (9) West of the 6th P.M., Hall County, Nebraska.
<br />
<br />And hereby authorize and empower the Commercial National Bank
<br />& Trust Company of Grand Island, Nebraska, its authorized agents and
<br />attorneys, to act for us ,and rent the above described premises, and
<br />in our place collect and receipt for said rent, at such prices and upon
<br />such terms as they may see fit.
<br />
<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 />
<br />Said Commercial National Bank & Trust Company may, in its dis-
<br />cretion, use the rents so far as they 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 a 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 />
<br />Dated at .41in/,le'y"t-::S,4J;'nne.so4"
<br />
<br />this f"g day of 4""n~ 19?'.g
<br />
<br />
<br />State of :>1innesota) ss.
<br />coUnty O.file",ne";,, )
<br />,
<br />
<br />
<br />Witness:
<br />
<br />0-b \(\ \\ '-'- )~ ) <:) fQ 1 '~
<br />
<br />
<br />On this-9'E!-day of '?7t..,.(!4 , 191".7, befo:e me, the undersigned,
<br />a Notary Public, in and for ~ County. personally came C~! 4"c/ "r:'n~y
<br />}:Jr- Ire.. "",Ireta.. /
<br />who Art!- personally known to me to be the identi~al persons whose nameS
<br />a.rc.affixed to the above instrument as grantor and acknowledged the
<br />s.. tQ be 'Yor,;.vo1untary act and deed.
<br />Witness my hand and Notarial Seal the date aforesaid.
<br />~ commission expires lk'<'''''_~C'r /~., d'T'?
<br />
<br />,~~~~.",:, . JANET c, SAMuElSOI\'
<br />~,~:;'~-' NOl",,~,'t "VAl(- - ~'\~:;O:TA
<br />':x; IW(OIA COUNTY
<br />M., ~~\.-ui$:;\ .~ff&.t ~, \6. 19"
<br />
<br />~-r~ ~~~~-"""'._./
<br />/' Notary Public
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