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<br />ASSIGNuI•:NT OF RF.AI, E5TATF ?'URCi?ASE CONTRACT 82 ~ ~ a n ~ ~ ~ A
<br />(Open-end: To Sc>.cure. Present and Future Obligations and Advances) l1J (~
<br />Date: April 8, 1982
<br />Allen E. Bachman and Alax y. Bachman, as tenants in common, d;;a Bachmar.
<br />Cattle Co. Assignors
<br />of Grand Island, Nebrasca _, in consideration of the advance of
<br />the principa3 sum decided in the note hereinafter described and in con-
<br />sideration of future advances of funds made by assignee to assignors or
<br />any of them as hereinafter provided, hereby assigns and conveys to Commercial
<br />National Bank & Trust Co. whose
<br />principal office is at 424 iaest Third Street ~
<br />all. their rights, titles. and interest in a contract to purchase real
<br />estate dated Mav 22, 1978 by and between Clarence I. Cates and
<br />Leoda. Marie Cates seller, and A. ~. Bachman and Sfax A.
<br />Bachman purchasers, the following described
<br />real estate:
<br />SEE ATTACiiE.B LEGAL MARKED E~tiSBfT "A"
<br />containing 1?.324 acres, more or less, according to Government survey;
<br />together with all o€ the rixht, title :nd interest of the Assignors in
<br />said property now awned, or hereafter acquired, and including all build-
<br />ings and improvements now on or hereafter placed upon., said real property;
<br />including also ail water, and *irainage rights.
<br />This assignment is given tt> secure:
<br />(a} A promis.sor,~ note dated ~+pril 8, 1982 ~ given by Assignors
<br />to Assignee in the priarcairal sum of One ?iundred Thirty Thousand and
<br />~o/lU4 -- -- _- -,-_-_-----------<~oll<,rs, payable with interest ac-
<br />cording to~the terms o.~sad Hate and any instruments taken in re-
<br />financing, extending, or renawing said indebtedness or any part
<br />thereof;
<br />4b) Any futura: advance is}, with interest, which may he made from
<br />time to time ?>y ^,ssigrree, at its option, to Assignors, or any of
<br />them ar their sur_cessars in title, for any purpose in any amount or
<br />amorm ts, pro°aided, ho•«•ever, that such future and additional advances}
<br />shall be so limited that the total principal amaunts outstanding at
<br />any time shall :cot exceed tk;e sum of ix }iusrdred Fi ftv Thousand and
<br />no,'1CCt --_----_----------------dollars, and provided further t}te future
<br />advance (s} sa made shah be payable in accordance with the terms of a
<br />Promissory note or notes which may be taken to evidence such advance (s}
<br />ar any part thereof. (The optional advance(s) herein authorized shall
<br />be considered additional to *_he advance{s} hereinar""ter authorized
<br />to be made by the r;ssigrree for the protection of the security or
<br />Assi;;nee's irate*est t::erein},
<br />This assigrz;rrert to 'ae voi.d upor. the payReent in full with interest o£ any
<br />ablications, prestnt or future, secured az to bQ secured hereby.
<br />by:
<br />by ; G-G l!f _ _
<br />A. E. cr n ba c .. Cott e Co.
<br />by : r f
<br />Max A. B r. a Sac, a c Co.
<br />STATi 4F `~iebraska County of fia11
<br />itczfare cure, a ;rotary public ~ua.lified for- said county, personally came:
<br />Arxch.-rran ~g5~^._+~-C>:..~ lac :rr~r,_ _ __ _
<br />kna° •n to roe ;a b:; the i3entir_;~1 persons who signed the foregoing instru.:,er.t
<br />artd ack,.rc:wl,v3grt,d tfre ~~x<rcr.rtion t$rer~Wo£ to tixeir voluntary act and de6d.
<br />°aitness ^ry 'sand anc ^otaria2 s~:al on AE>ril a, 29B2
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