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<br />I
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<br />83-0(/4813
<br />
<br />ASSIGNMENT OF RENTS
<br />
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<br />
<br />KNOW ALL MEN BY TIlESE PRESENTS: - Tha t ,the undersigned,
<br />of the County of Hall ,State of Nebraska , for and in consideration
<br />of Ten Thousand and no/lOO----------------------______________ Dollars,
<br />as a loan in hand paid to Raymond F. & Dorothy C. Strehle 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 in the
<br />County of Hall, State of Nebraska, to-wit:
<br />
<br />w~ uf Lot Seven (7), West 6' of North !-y.7S' of East -~ of Lot Seven (7),
<br />Block 8, Original Town, Grand Is13nd~ 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 i,~'_,n.j !";,l.,,nd. ."",;:-'hr.~~kd
<br />
<br />this Mhday of Sept,'mber19 83
<br />
<br />W~9"ess :
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<br />State of Nebraaka,) ss.
<br />Hall County. )
<br />
<br />On this9 day of ~ ,19a before me, the undersigned,
<br />a... NO~arY Pu ie, in and for s.~d County, personall~ame
<br />tQ~ . y, 0- \:X::>\O~>' C. <S'rQE fiLe:
<br />~o, ,. personally known to me to be the identical person whose name
<br />\ -:s affixed to the above instrument as grantor and acknowledged the
<br />... to be ~ voluntary act and deed.
<br />Wltness.1IIJ hand and Notarl.a1 \Sea~ the date aforesaid.
<br />My cOIIlalb.ion expires ~ \4\~~
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