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<br />(Open-end:
<br />82- uU2240
<br />ASSIGNMENT OF REAL.iSTATE PURCHASE CONTRACT
<br />To Secure Presort and Future oDligationsand .,dvances)
<br />Date: .Jane 2. i9~2
<br />Ronald H. Spiehs and .lean Ann 5piehs
<br />Assignors
<br />of Alda, ?.ebraska 68810 in consideration of the advance of
<br />the principal sum decided in the note.. hereinafter described+'and in ccn-
<br />sideratian of future advances of funds made by assignee to'assgnors or
<br />any of them'as hereinafter provided, hereby assigns and conveys to
<br />Commercial National Bank 6 Trust Co.
<br />whose
<br />principal-bfflce is. at est it nee gran s an ek~raska
<br />all their s-ghts,'titles and interest in a contract-to purchase real
<br />estate dated March 7, 1974 , by and between Francis S. Schepers
<br />and Teresa A. c pens - seller, and Rana pse s an
<br />far, ie s purchasers, the%'followinq described
<br />real estate;
<br />ThN tdorthwest Quarter of the tvartheast Quarter {IVS+14N£~) and the East Half
<br />of the Northeast Quarter (£iluEri) of Section 2 Township 10, North, Range 11,
<br />West of th 6th p.M., Hall County, tiebraska. 'Said sale to include an
<br />electric`motor on:rrigaCon well.
<br />containing acres, more or less, according., to Government survey;
<br />together with all of the 'right, title-and interest of the Assignors: in
<br />said property now"owned, or hereafter acquired; and incluc?ing all'buld-
<br />ings and improvements now. on or hereafter placed upon., said;reai property;
<br />inclu3ing also all water, arxi drainage rights.
<br />This assignment is given to secure;
<br />(a) A promissory note dated June 2, 1982
<br />given by Assignors
<br />to Assignee;in the principal sum of Two Hundred Thousand and. no/10~
<br />"""' °"-"°---"------°--dellazs,~-payable: with interest ar
<br />cording to the terms of said note and any instruments taken in re-
<br />financnq, extending, or renewing said indebtedness or any part
<br />thereof;
<br />tb) Any future advance(s), with interest, which may be made from
<br />time to time,by Assignee, at its option, to Assignors, or any of
<br />them or their successors in title, for 'any purpose n any amount or
<br />amounts, provided, however, that suc;n future acid adc:itional advance(s)
<br />shall be so limited that the total principal amounts cutstand;ing at '
<br />any time shall not exceed the s~ of Two"Hundred Thousand :and no/100
<br />--`-'-------- _"----- ---cellars, and provided further the future
<br />advance (s; so made shall be layaktle in accordance with the terms of a
<br />promissory note or rotes which may be taken to evidence such advance{s)
<br />or any part thereof, fThe optional advance{s) herein authorized sha21
<br />be considered additional to the advance(s) hereinafter authorzefl
<br />to be made by the Assignee for the protection of size security or
<br />Assignee's interest therein.).
<br />This assignment to be void upon the payment in-.u11 with interest of any
<br />obligations, present or future, secured or to be secured hereby „
<br />Ronald H. Spiehs,-and Sean Ann'Sgiehs
<br />~ c~ " -
<br />R d H. iehs r
<br />by;
<br />3e Annr Spie xs
<br />STATE OF_ s~ebraska County ~yf.; Hall
<br />:~efore ms, a natarf 1~ub2ie q~:ali.fied for said county, person;ally cano
<br />~,; aId S. S~iehs an3 .;eon Ann. apiehs
<br />-- -
<br />ic::ocm `o -~~o bt the z3enti ^1 personssrho si•,^ned the£oregcing ~-;s4ru:~aent
<br />an:? acicr.~wledged the ex~cutaoa ~heraoE to their vozuntary ar_tand dc3ed.
<br />witness -~ hand and notarial seal on ,I~ne 2,
<br />:" - - _
<br />AIL ~4~Mf-fpr a
<br />.,;m~ is ~~. rpiX'BS: /. ~,~`, ` AA1tgN.lOFhl~
<br />~ ... ~ _ ,~`"..` f M4C rearms EqR. boa , t 5th
<br />_, .... ,_... 3'i
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