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<br />83:';;';' u04533
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<br />ASSIGNMENT OF RENTS
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<br />KNOW ALL MEN BY TIIESE PRESENTS: - That ,the unders;igned,
<br />of the County of Hall , State of Nebraska ,for and in consideraeion'
<br />of Four thousand, seven hundred and no/l00-----------~----------- Dollars,
<br />as a loan in hand paid to Regency ConstructiOl' by the
<br />Commercial National Bank & Trust Company of Grand Island, Nebraska,
<br />corporation, and other good and valuable consideration, the receiptr
<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 eight (8) inBlock eight (8) in Rollins' Addition to the City of Grand
<br />Island, Nebraska
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<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.
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<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.
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<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.
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<br />Dated at
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<br />Grund lslilnd, Nebr~skd
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<br />this 24thday of August, 19 83
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<br />State of Nebraska,) ss.
<br />,Hall County. )
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<br />R('g(:~,~Cons true t ion
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<br />By: \../
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<br />On this 24tday of Ac1glLst, 19 Q3, before me, the undersigned,
<br />a Notary Public, in and for said County, personally came Roger H. Luit
<br />
<br />who personally known to me to be the identical person whose name
<br />affixed to the above instrument as grantor and acknowledged the
<br />same to be voluntary act and deed,
<br />Witness my hand and Not~i?l'~ea. 1. the date aforesaid.
<br />My commission expires '~~~?\~~J
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