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<br />B4~ 004135
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<br />ASSIGNMENT FOR SECURITY
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<br />ASSIGNMENT made this -Lt!- day of July, 1984, by Ball Real
<br />Estate Co. of Kearney, a Nebraska Corporation, herein Assignor,
<br />in favor of First National Bank and Trust Co. of Kearney, a
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<br />National Banking Association, herein Assignee.
<br />WIT N E SSE T H:
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<br />WHEREAS, Assignor is the payee of a certain promissory note
<br />date October 3, 1980, in the principal sum of $1,900,000.00,
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<br />executed by ,John A.. Albers, said promissory note being -hereinaf-te'r
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<br />referred to as the "Note";
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<br />WHEREAS, said "Note" is secured by a certain "Deed of Trust:
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<br />and Security Agreement" dated October 3, 1980, executed by John
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<br />A. i\lbers and Marilyn L. Albers, husband and wife, as Trustor, to
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<br />Kenneth C. Fritzler, as Trustee, for the '~enefit and security of
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<br />to!)e Assignor, as Beneficiary, whi " "Dee", of Trust and Security
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<br />Agreement" was recorded in the Office or the Register of D-eed5 of
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<br />Hall County, Nebraska, as Document No. 80-005550 , covering the
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<br />fallowing described pL"Operty:
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<br />Lots 1 through 5, inclusive, Reed's Subdivisiun
<br />to the City of Grand Island, Hall County,
<br />Nebraska TOGETHER WITH all of the rights and
<br />priVileges "ranted under one certain License
<br />dnd Easement Agreement recorded in the office
<br />of the Req~ster of Deeds for Hall County,
<br />Nebraska, on April 13, 1972, in !>ook 23,
<br />Misce Uaneous Records, at Page 29;
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<br />AND
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<br />Blocks 1 and 2, Bellwood Subdivision, City of
<br />Grand Island, Hall Count"y, Nebraska, TOGETHER
<br />NITH a per!l\dnent and perpetual easement and
<br />right-of-way to operate, construct, maintain,
<br />extend, repair, remove and replace a sanitary
<br />sewelC line, manholes, sut'face markers and
<br />other appurtenances upon, over, in and through
<br />a tract of land more particularly described
<br />as follows: The North 16 feet of the West
<br />130 feet of !,ot 1 and the North 8 feet of the
<br />East 143 feet of the West 273 feet of Lot I
<br />all in Burch SUbdivision to the City of Grand
<br />Island, liall County, Nebraska, together with
<br />the rights of unt'estrict.ed ingress and egress
<br />under, through and across the easement area
<br />herein defined for the purpose of exercising
<br />the rights het'ein granted, including t.he right
<br />t.o clear and keep cleat' of t.rees, roots, brush
<br />and other obstructions from the surface of
<br />such easement area;
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<br />AND
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<br />All personal property located upon the above-
<br />described real estate, including furniture,
<br />appliances, equ;.pment and machi,nery;
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<br />WHEREAS, said "Note" is further secured by a c",rtain "Assignment
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<br />of Rents and Leases" dated October 3, 1980, executed by John A.
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<br />Albexs in favor of i\ssign::l.:t^ t ~lnd cover-ing the aho'.te-dt~scribed real
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