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<br />
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<br />83- 002789
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />KNOW ALL MEN BY TIlESE PRESENTS: - That I , the undersigned,
<br />of the CO'unty of Han ,State of Nebraska , for and in consideration
<br />or Twenty Thousand and no/100 ----------------------------flollars,
<br />as a loan in hand paid to John W. Wayne 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 S;iid 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 />
<br />The Westerly Sixty-Seven (6-7) Feet of the South Fifty (50)
<br />
<br />Feet of Lot Four (4), in Block One (1), Hann's Addition
<br />to the City of Grand Island, Hall County, Nebraska
<br />
<br />And I hereby authorize and empower the Commercial National Bank
<br />& Trust Company of Grand Island, Nebraska, its authorized agents and
<br />attorneys, to act forme ,and rent the above described premises, and
<br />in my 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 />
<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 />r.endered 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 Commercial National Bank
<br />
<br />this 1st day of June, 1983.
<br />
<br />.' .......~................w....... t. n..e....s....s. .:.... C?-......
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<br />
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<br />" , .
<br />
<br />~ta~~ of Nebraska,) ss.
<br />ijall.~ounty. )
<br />
<br />On this/dday of ,k.~,<'. , 19P, before me, the underi>,igned,
<br />Not;ak}{ Pub1ic, in and for said County, personally came/~\_ IJj 'U"'7""--
<br />
<br />
<br />persotl'811y known tome to be the identical person whose name
<br />.9.~~i.~E!d to the above instrument as grantor and acknowledged the
<br />s,.:upE! tfo. ~.e CL voluntary act. and deed.
<br />W~tnE!ss my hand and Notarial Seal the date aforesaid.
<br />My commission expires au...~0D{ f'1Tf:,
<br />'"
<br />
<br />
<br />GENfRA~~oiAAV:.._S-I,att of He.bl'_$h
<br />C. GAREY HEIDER
<br />MY Comm. E.p. A~g. . JQ, 1986
<br />
<br />II
<br />{0 \, '111 \.. a.
<br />,_-<. -Y~.v.} .t-p..,.t1L,
<br />Notafy Publ io
<br />
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