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I 83..-002771 ASSIGNMENT{)F RENTS A.">qD AGREEMENT NOT TO SELL OR ENCUMBER REAL PROPERTY In consideration and as security for a loan made or purchased by Commerc ial NR+ i nnR 1 Ihn 1<- '" Trust. Co. (hereinafter called "Lender") which loan was made for the improvement of real property described below and'is evidenced by a promissory note in favor of Richard A. Kohl & Hilde Kohl dated May 27, , 19~, in the amount of Four Thousand Two Hundred Forty - - - Dollars ($ 4,246.46 ), hereby covenant and agree with Lender as Six and 46/100 = = = = = = = = = = the undersigned, and each of them, (hereinafter called "Borrower") follows: 1. The real Grand Island City/County of property referred to herein is located in Hall , State of Nebraska and is described as follows: Lot Five (5), in Block Two (2), in Pleasant View, Third Addition to the City of Grand Island, Hall County, Nebraska 2. Borrower hereb..... assigns to under all mone~"s due or to bE"Come due to Borrower as rental or otherwise for or on account of such real property, reservin~ unto Borrower the right to collect and retain any such moneys prior to Borrower's default under the terms of the loan described abm'e; 3. Borrower will not create or p('rmit any lien or any encumbrance (other than those presently existing) to exist on said real property and will not transfer. sell, assi;m or in any manner dispose of said real property or any interest therein without the prior written consent 01 Ll~ncler; 4. Lender is hereby authorizC'd and permitted to cause this instrument to be recorded at such time and in such places as Lender at its option may dect. 5. This agreement is l'xpn:'ssly intended fur the benefit and prQtC'ction of Lender and all subsequent holders of the note described abo\"l::. Borrower \lr'arrants <.mJ represents th~t Borrower owns the :lbove~described real property. 6. This agreerr.imt slwll remain in full forcE' and elled until the loan described above shall have been paid in full or until twenty-one (21) years following the death of ilie la survivor of the undersigned. whichever ~- ., A SIGNATURE X -..- ~ May 27, 1983 SIGNATURE X ;;C~,.f-~ ~ WITNESS CU'e~ 'rn. cfJ~/ Dated: STATE OF SS City/County of~_, WITNESS On this~day of May , 19--.Jll, before me, the undersigned, a Notary Public in and for said City/County and State, personally appeared Richard A. Kohl Space below for recorder's use only 8ill,d! . Hilde Kohl. ' his wife knoWn to me to be the persons whose names are sub- sc~i1)~to the within instrument and acknowledged to mtl that t~ey have executed the same, as their own :fr~ act apd d~ WITNESS my hand and official seal. /~ City and State """1FI.m.-1Ie\o 01........ emYJ. _YES ilr-'EIP. _1f-1985 l'hoa.: 336.2121 L....I L ..J L