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r 84 - 004361 ASSIGNMENT r KNOW ALL MEN BY THESE PRESENTS, that for and in considerat2on of the sum of Forty-Eight Thousand and No/IOO Dollars ($48',OOO;0(r) loaned to us as evidenced by a Deed of Trust Note datedApril16~_ 1984, the terms of which are incorporated herein by thisrefererice~ we, Charles F. Lange and Colleen E. Lange, husband and wife, "Assignors," hereby assign, transfer and set over to The Overland National Bank of Grand Island, a national banking corporation', "Assignee," all of our right, title and interest in and-to a certain land contract entitled "Agreement for Warranty Deed" bearing the date of December I, 1982, as amended by. Agreement dated April 5, 1984, where Assignors are selling the real estate located in Hall County, Nebraska, legally described as: Lot Four (4), Block Ten (10), Gilbert's Addition, an Addition to the City of Grand Island, Hall County, Nebraska; to Rudolph F. Plate and Tim C. Plate, hereby intending to assign all of our rights to receive payments -.f principal and interest as remain owing to us oursuant: to tp<' t ~ms of that land contract. Assignors further assign, set over and transfer unto Assignee, as additional security for the indebtedness above-described, all of their right, title and interest in and to the above--described real estate as contract purchasers pursuant to a document entitled "Agreement for \<)arranty Deed" dated .January 2, 1975 i wherein Hilda J. Pollard was Seller and Charles F. Lange was Buyer. This Assiq~~ent is given as security for the indebtedness mentioned hereinabove and as security for such other sums as may be advanced in accordance with the terms of the aforeme~tioned Deed of Trust Note and this Assigrunent. In the event such indebtedness, future advances, interest and such other sums as may be advanced in accordance with the terms of the aforemen- tioned Deed of Trust Note and this Assignment are well and truly paid in accordance with the terms therein contained, then this Assignment shall be void, otherwise to remain in full force and effect. ,l\.t any time aft8r a default has been declarect hy Assignee, Assignee may cause notice t,o be served upon the nariied buyer in the aforedescribed 'and contract, directing that all future payments to be made by such buyer be made directly to Assignee, and such payments t.hereafter received by Assignee shall be applied against any then existing indebt.edness owed by Assignors to Assignee. 'fhe undersigned Assignors shall continue to make all pay- ments to be made in accordance with Assignors' purchase agreement in respect to the above-clescribed rea] estate by .l\greement for Warranty Deed dated January 2, 1975, and any extensions of that -1- u L L ~ L