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<br />83~ 005635
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<br />ASSIGNMENT OF RENTS
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<br />I<NOWALL MEN BY THESE PRESENTS : -. that . ' theunder~~~~~~.S;\;,,;\;;)1~
<br />of the County of Hall .' State of . Nebraska ,for and in cO~~$.~~t:;l1tt~()llc":': .
<br />of Fifty Thousand, Nine Hundred Seventy Six and 60/100--------- ..Da:tJ.;ars~;>."
<br />as a loan in hand paid to Regency Construction, Ine. by Roger W'b:r~~,~rll~it'~~;'
<br />COlllI1lercia1 National Bank & Trust Company of Grand Island, NEl'bl::ask~(a
<br />corporation, and other good and valuable consideration. ther~ei;pt!.,;.
<br />whereof is hereby acknowledged, do hereby assign, transfera1?-ds~;,.
<br />over to said Commercial National Bank & Trust Company, as'collatfi;al\
<br />security for the duration of the loan, all the rents, income and<prQ~
<br />fits accruing upon the following described property, situateditlthe
<br />County of Hall, State of Nebraska, to-wit: Lot Two (2) and the N6rtl:H~.rljThirtj!en'\
<br />and Twenty Five Hundredths feel (N D.2,)') vf Lot Four (4) in Block Eight (8) in Univ~rsny.
<br />Place, an add i t ion to the Ci ty of Grand Is land. Ha 11 County, Nebraska, and Lots Six (6) and
<br />Eight (8) in Biock Five (5) in College Addition to \lest Lawn, an Addition to the City of
<br />Grand Island, Hall County, 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. m~y
<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 Grand l~land. ~(!'bLl:~k<l
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<br />this 18tday of Octob('r, 19 83
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<br />f\\:'gyn(y Cons~t.rlJ.t_~t ion. In(.
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<br />By:
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<br />RO~~./~: Lut t. Pres idcrlt
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<br />State of Nebraska,) s
<br />Hall County, ) s .
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<br />On this 18 day of On",,,'r , 1981, before me, the undersigned,
<br />a Notary Public. in and for said County, personally came
<br />Roger W. L.ult, President of Regency Consr:.fu<'t.ion. I.nc.
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<br />who is personally known to me to be the identical person whose name
<br />is affixed to the above instrument as grantor and acknowledged the
<br />same to be his voluntary act and deed.
<br />Witness my hand and Notarial Seal the date aforesaid.
<br />My c~ission expires
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<br />Notar~rPubHc
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