83004497 - Laserfiche WebLink

Browse

~ ,-'.....,..."-.........,,.;'~~,,,""- '...,.......'.....-.....,...,..---~,........ _.L__,. "-",. "._.._...__ ~""""';'-"-";'~- 83-004497 ASSIGNMENT OF RENTS AND AGREEMENT NOT TO SELL OR ENCUMBER REAL PROPERTY In: consideration and as security fora loan made or purchased hy Commercial Na t ional Bank &T):us tGo'.. (hereinafter called "Lender")which loan was made for the improvement ofrealpropertyil".serilred bdowandis evid'eMedhya promissory note in favor of Commercial National Bank & Trust Gomp2ny August. 17 , 19~ , in the amount of Six thousand, one hurrdred, eighteen: Dated and 921100--------------------------------------------- Dollars ($ 6,118.92 the undersigned, and each of them, (hercinaftercalled "Borrower") hereby covenant andagrce with Lender as follows: I. The f<,all>roperty ref"rred 10 herein is located in Grand Is land Hall ), City/Co,!nty of , State of Nebraska and is described as follows: Lot Five (5) in Island Acres No.7, a Subdivision of part of Fractional Section Seven (7); part of the West Half bf the West Half (~W\) of Section Eight (8); and part of Lot Twenty-four (24), Island Acres, all in Township Eleven (11) North, Range Nine (9) West of the 6th P.M., in the City of Grand Island, Hall County, Nebraska. ? Borrowt"r hereby assiKllS to Lender all moneys due or to become due to Borrower as rental or otherwise for or on account of such real property ~ reserving unto Borrower the right to {'oUect and rt"tain any such moOf~YS prior 10 Borrower's default under the terms of the loan described ahov~ ~ 3, Borrower will not create or permit any lien or any encumbranc(' (other than thQ.~ presently existing) to exist on said real property and will not transfer. sell, 3!;Sign or in any manner dispose of said rf'31 vropt~rty or any interest therein without the prior written ronsent of ~ndf'r~ ,t Lender is hereby authorized and permittt'd to ('ause this inslrUlI1l~nt to be recorded at such time and in such platt's as Lt'ndt"r at its uption may dect. 5, This agreement is expressly intended for the bendit and proh~cti()n of lender and all subsequent holders of thf' noh' described ..bove. Borrower warrants and represents that Borrowt"r owns tht~ abo\'e.-dcsl:rihed real property, 6. This agreement .shall remain in full force and effect until the loan descrilwd abo\'(~ !'hall han' been paid in full or until twenty-one (2J ) ~ean; following the'death of the last survivor of the undersi(U1ed. whiche\.er first oceun;, J i J Augus t 17 1983 Si!!J1ature >' Daled: .. , ron Cit} IConnl} of Ha il I SS On thisllday of ~\)~ . l~ ,_ bdore me, the undersigned, 'otar~ Pubhc m and for said City/County and State, personally appj.lared WITNES~ :. Si!!nature ST \TE OF Nebraska SPUt;t' belo\\' for recorder s u::w- only sli5ron Somer and Doug Somer known to 'be to be the persons whose names are subscribed to the within instrument and acknowledged to me that they have executed the same, as their OWl] free act and deed. S my hand and official seal. u L .J L