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<br />
<br />83--004408
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />
<br />KNOW ALL MEN BY THESE PRESENTS: - That ,the undersigned,
<br />of the. County of Hilll . State of NebraSka ,for and in considf!ratiorF
<br />of Thirty Seven thousand and nO/lOO ($37.,000.00)-------------------- Dollars,
<br />as a loan in hand paid to Fattig Development 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 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 ill the
<br />County, of Hall, State of Nebraska, to-wit:
<br />
<br />Lot 32, Castle Estates Subdivision, Phase I, 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 ,and rent the above described premises, and
<br />in 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 "'~"'c,~_ '::I~\e.~ \Jt:..~,,\,,:<"<-._
<br />
<br />this d'!> day of A....)~~t- 19 ~-.s
<br />
<br />State of Nebraska,) ss.
<br />Hall County. )
<br />
<br />
<br />Wit""..: ~
<br />
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<br />, ,',. On this! f'day of ,,c,,,]. , 19'tJ, before me, the undersigned,
<br />.J,l.....~._......f.L.!..,.a Notar..y.. P.,u,.bliC, ~n.an<!.f.~r said County, personally came
<br />Iltv'T: t1"1t:(kc~(E,~ o1~ r,f--6'r~5
<br />h..,:f~ wh~... ..... ... ..Pc,.e. rso~a,',llY kno...wo.. tel me to be the identical person whose name
<br />&~ . '. af~.~~ed to the above instrument as grantor and acknowledged the
<br />:~_. Same, to be voluntary act and deed,
<br />, ,;,;).'" '
<br />~~ ~!Fnet. my hapd and Notarial Seal the date aforesaid,
<br />My c~ts$ion expires
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<br />Notari~ Pu~fic
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