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<br />ASSIGNMENT OF RENTS
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<br />83- 002804
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<br />KNOW ALL MEN BY THESE PRESENTS: - That ,the undersigned,
<br />of the County of Hall , State of Nebraska , for and in consideration
<br />of Forty One Thousand Two Hundred Fifty and no/100 -------------------Dollars,
<br />as a loan in hand paid to Harry C. and Patricia P. Stalker by the
<br />Commercial National Bank & Trust Cc~pany 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 />
<br />Lot Thirty Five (35) and South .12.56 Feet of Lot Twenty six (26), Layfayette Park
<br />Subdivision, City of Grand Island, Hall County, Nebraska
<br />
<br />And wehereby 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
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<br />Grand Island, Nebraska
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<br />this 2nd day of June 1983
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<br />.~.i.,.. ess:. c?
<br />.. 13- -
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<br />State of Nebraska,)
<br />11 ) ss.
<br />Ha. County,
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<br />~~. i l>'/ (~~h~
<br />Harf;Y .~. s;;a'lke~/J / L..
<br />/.1:",1"-<<--<",,,/ L . ,,,f(~L./~,.1
<br />Patricia P. Stalker
<br />
<br />On this2nd day of June ,1983, before me, the undersigned,
<br />a Nptary Public, in and for said County, personally came
<br />Harry C.Stalker and patricia P. Stalker
<br />who' a;re personally known to me to be the identi~al person whose name
<br />~ffixed to the above instrument as grantor and acknowledged the
<br />s.ame to be theHioluntary act and deed.
<br />'J W:i,t;ness my hand and Nota . al Seal
<br />My commission expires
<br />
<br />I' Gim:~>l H{HAIl'I'Slt:. or Nobrm~l
<br />j . flOYD j. SAGER 1
<br />MJ Urrnm. Exp, Aug. 23. 19i4 J
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