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<br />I
<br />83-004700
<br />
<br />K..u-
<br />
<br />Original
<br />::return to SBA
<br />
<br />
<br />COLIATERAL ASSIrnMl'NT OF ~
<br />
<br />In order to itrluce SneJ.l Business Idninistration (8Bi\) to cx:msent to the assmption
<br />by D. D. Lemke and Frieda Lemke of a loan rrarle to Sheridan T. Anderson and Ruth A. 1\I'ldersoni
<br />in the. .. aIlDU1'lt.. of $27,000, D. D. ~ and Frieda Lemke (Bo~).asSignees. ~inan.....
<br />Assignment of o:mtract For Sale of Real Estate dated :< r .. .u.2 /?8ydi::Nering
<br />real estate described therein as: /
<br />
<br />LotS One (1), 'l\I1o (2), Three (3), Four (4), Five (5), six (6), seven.. (7) and
<br />Eight (8), Block Four (4) in College Addition to Westlawn, an Addition to the
<br />City of Grand Island, Hall Cotmty, Nebraska,
<br />
<br />,<he~"l:l IniARD N. KELLEY is Contract Holder and SHERIDAN T. ANDERSCN and RUm A. ANDEllSCN.
<br />is rlat.1ed as Sdllcr, said 3orrow~r d.C~5 :t13r~oy aS5i;n :.lod 5Gf;. jve.r to S3A ics successor-s
<br />atld as.s1s.ns, all their rig~tJ titl~ .:;1nd int:er25t i:1 and tv said }.grae:ment.
<br />
<br />TO ~A\'E .\~D :-0 HOl] t~a 5ar.1e froo.: ':":;2 date h~r.?:0r du::-i~~g the: ter:ts c~ che loan
<br />ra:aJ::"2-G t,j acove. ~lS ,;:Jilzteral sec:Iri:::: ~or 5aiJ l.J2n, ::3UDj6C~ to ;:::1c :vilot.Jing :cr~5
<br />...tud ~ondit:::..ons:
<br />
<br />to' Borro1.ler shall at. all t.i~e:; hold 53_.-\, its successors a-cd assi5ns'l' hamle5s
<br />from any such obligations and fra~ .1ny ~1nd all lLab.ility '..Jhicn ::lay <:"it any cine a.rist!:
<br />from said Agreement~
<br />
<br />2~ Borrower agc2i:S that they shall not have th~ power: to and will not modify or
<br />terminate the above described Agreement ~xcept hy paj~ent in full, without prior
<br />written consent of SBA.
<br />
<br />}. In the evene of dny default on the pare of Borrownr on the ~ote to SEA or any
<br />e~tension or rene~"/-al thereof, ot' an}~ other obligation or: agreement made in connection
<br />with the aforesaid loan. SEA \.J'ichout notice. may enter into and take possession of said
<br />?eemises.
<br />
<br />4. SBA shall not, except in the event that it takes possession or Borrower premises,
<br />be. under any obligation ,,It any tine [0 perform <:-\ny Ji the obligations ;;H'td duties of
<br />Borro-we.r {lllU shall not he bound by any ai the terms. c.onditions. pro";Ji~dons and covenAnts
<br />vbich clay be binding upon BO!'t'o'-lcr und~.:r the above described .-\g.reenH:~nt.
<br />
<br />).. Borrower agrees to extend said opt ion ia th~ Agreement cont,3ined from mtJnth
<br />to month as required by the terms J.od cvnd it !.(}tlS of said .(\greemt~nt and in. the event the
<br />option is exercis.ed ...1od Borrower purchas,~s said ?t"operty, they \./i11 forth\"it:h c;{ecute
<br />a first and peior mortgage on said property to SBA.
<br />
<br />Dated
<br />
<br />.. Ai..~. T.. ~. / '.
<br />~. ',-':~ <. '" ,..... )l~....t'/
<br />/
<br />
<br />..~;;__. .' 19,K::r'. /,J ~
<br />~ --- ----r-"
<br />
<br />. . J_P
<br />/., \: If.'.~: {-I't ii A
<br />DI b. UM<E (
<br />
<br />/
<br />
<br />SIAn: OF' NEBRASKA )
<br />~ / .. J ) 5S
<br />COUNTY OF;,c~~<- )
<br />
<br />.j:. . A.~ ,7)./. X. ~y "h___.
<br />r~~' -
<br />~I
<br />
<br />.~,~....
<br />
<br />On this ;:< day of .::i.<;l!;~j~:{"
<br />a )lotary Public in and foe "i1id County and
<br />n D. r~ and rnJT:F7oIKF. .
<br />to ae kn_ to be the persoll(s) described
<br />and ac\mo'de.dged chat the,Y ex:ecuced
<br />J'il.w.
<br />
<br />(SE.\L).../rl-w.~.. .t'"~~1
<br />~--..~
<br />,r..""''''
<br />
<br />liy CQ_i.ni.Qn<l~i>ires~"O~,u1 "+<? /97:>
<br />I /
<br />
<br />, 196.-3 ~ before me, t;he undersig':1ed.
<br />Stat.e ~na.llY at,pear~ci ___..____
<br />
<br />in and <;.;h~) ~rn_;~u(ed the EOr.eg.oi71g, i-;:~trument
<br />tbe same a.s_~ei~~M____volunt:ll;Y .]~t -::.no
<br />
<br />//._--\ "l,f U '. <~.,-,-,_: ,<,) .
<br />( '-. /~.., C~J ." l'
<br />. . .x.......t., , ~.."'..
<br />:::-...(~ ___z. .7'.._.___" . ~.~. --_.-
<br />:;OTARY ?l:BLlC J
<br />
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