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<br />S3_'.l04862
<br />
<br />
<br />
<br />ASSIGNMENT OF RENTS
<br />
<br />KNOW ALL KEN BY THESE PRESENTS: - That ,the undersigned,
<br />of the County of Hall ,State of Nebraska ,for and in consideration
<br />O.fSixtY'ninethousand three hundred and no/lOO~"~----------------- Dollars,
<br />as a loan in hand paid to Balachandran and Indira Wariyar by the
<br />COBmercial 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 />Lot 3, Medical Park Fourth Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />Andwe hereby authorize and empower the Commercial National Bank
<br />& Trust Company of Grand Island, Nebraska, its authorized agents and
<br />attorneys, to act for us ,and rent the above described premises, and,
<br />in our 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 80 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 Grand Island. NE
<br />
<br />this 8th day ofSeptember 19 83
<br />
<br />~tM."
<br />, ~Q,-
<br />.2) r
<br />
<br />~V/~,
<br />
<br />Balachandran wariyar
<br />
<br />l'hf' '-J,,,J{if ^,~(?"l.....~
<br />n U'a War~yar
<br />
<br />State of NebraSKa,) 5S
<br />Hall County. )'
<br />
<br />On this 12t.ay of Septemb..r. 19 8~ before me, the unders igned,
<br />. Not~ Public, in and for satd County, personally came Balachondron
<br />,aM In4:l.1'a.w.ri.yar
<br />Wf.\(1 a" .,.nonally known to me to be the identical person whose name
<br />affurito the above instrument as grantor and acknowledged the
<br />11,"- t.'obeu.tlfoluntary act and deed.
<br />~1.~n..a.8 my hand snd No~rial .seal the._d~~~.resai.d.
<br />My cOllBiulon expires ~ ' \ 3, \.'-~~~~~
<br />
<br />
<br />, Notary Public
<br />
<br />-
<br />
<br />
<br />L:- 11._*....,,-.
<br />I., . . NlIllM;o....
<br />"',c' Oloa__IU..
<br />
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