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ASSIGNMENT OF RENTS $4 --r3~0749 lQiOW ALL MEN BY THESE PRESENTS: - That we , the undersigned, '~ of the County of xall State of Nebraska , for and in consideration Of Twenty-One Thousand Five Hundred and no/100----------------------- DOl1arS, as a loan- in hand paid t0 Stanley B. Garris, Jr. & nary M. Garrisby the Commercial National Bank & Trust Company of Grand Island, Nebraska, a corporation, and other good and valuable consideration, the receipt whereof is hereby acknowledged, do hereby assign, transfer and set over to said Commercial National Bank & Trust Company, as collateral security for the duration of the loan, all the rents, income and pro- fits accruing upon the following described property, situated in the County of Hall, State of Nebraska, to-wit: South One-half (S 4) of Lot Ten (lp) and all of Lot Twelve (12}, Block Fourteen (14) College Addition to City of Grand Island, Hall County, Nebraska. And hereby authorize and empower the Commercial National Bank ~ Trust Company of Grand Island, Nebraska, its authorized agents and attorneys, to act for ,and rent the above described premises, and in. place collect and receipt for said rent, at such prices and upon such terms as they map see fit. This assignment of rent being made for the express purpose of having said revenue applied to the repayment of the above mentioned loan. Said Commercial National Bank & Trust Company may, in its- dis- cretion, use the rents so far as they may deem necessary, for the pur- pose of making such repairs upon the premises as, in its judgment, may be proper and may use said rents so far as necessary for the payment of insurance premiums and taxes upon said premises. It shall also have authority to deduct from said rents a fair compensation, to be payable to said Commercial National Bank ~ Trust Company agents, for services rendered in the collection of said rents; the balance to be applied upon the payment of monthly dues, interest and fines upon said loan. Dated at Grand 2sland, Nebraska this 7th day Of February 19 84 WL ass : /,£ _ \ Stanley B Garris Jr. hr.,~` ~~ary ~rris State of Nebraska,) ss. Hall County. ) On this7thday of February 19 $4, before me, the undersigned, a Notary Public, in and for said County, personally came Stanley B. Garris, Jr. and Mary M. Garris rrho is personally known. to me to be the identical person whose name affixed.to the above instrument as grantor and acknowledged the same to be thei~volurxxitary act and deed. Witness. my_hand and Notarial Seal the date aforesaid. M7 commission expires :`'' ~~'"~~ °s~.rr,rw,..r ~ N tart' Pub is ~' R