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AsS2t=PiA~E~PTT ~E` FcEAT, (;STATE Pt1RCF3x'1SF. Ci'9I~TTkAG:T
<br />{~ {Qner-Fa~}p rTo Seruxe Present and Future Obligations and Acivaneesy
<br />~r.~ .•.~ ~ ~ b r~ ~ t ~zate : Decear 3 1981
<br />A. k.. Sa4hman-and Max A. Rachman.,.. as tenants in common,. dTAa Sachman Cattle
<br />Ca. Assignors
<br />of Grazsd Island, Nebraska in consideration of the. advance. of
<br />t?ae principal sum. decided in the note hereinafter described and sa con-
<br />sideration of (store 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 />prin°ipa2 office is at 424 West 3rd Street,. Grand Island, Nebraska 6880,1..,
<br />a1i their rights, titles and. interest in a contract to purchase real
<br />estate dated. Nay 22, l'9?8 l7y and between Clarence. I. Cates. and
<br />Lecda Marie Cates. seller, and A. E. Rac2tman and Max A.
<br />Ba^:tman purchasers., the fallowing described.
<br />rea'~, estates
<br />GEE ATTItCHED LEGAL A5Af2KED EXI~,TT3YT "A°'
<br />cantaning i?.12A acres, more or less, according 'ta Gaverrsmen:t sux-srey;;
<br />*_ayeti~er with ail of the. right, title and interest af'the Assignors in
<br />said reg>erty now owned, or hereafter acssuixed, and including all build-
<br />ings and. improvements now an or hereafter piaceri upon,. said. real. property;
<br />in~l_,diA~; also alT water, and: drainage rights.
<br />This. ss~igndyent is Given Y.o securer
<br />tom) A promissory Hate darted 3ecember 3, 1981 , given by Assignors
<br />to Assignee in the principal sutra o£ Twm Hundred Fifty Thousand. Seven
<br />Hundxe<i Ninety Th ee axed 8811(30 ----dollars, payable with interest.ac-
<br />carding to the terms of saa:d Zola and any instruzuents taken in re--
<br />financing, extendiatg, ar renewing said indebtedness ar any part
<br />thereof;
<br />(Lrl Any future advance(s3, with interest, which taay be made from
<br />time to tix~se kty F3s$ignee, at its option, to Assignors, ax any of
<br />theca ax their successors as: title, far any purpose in any a~aunt ar
<br />a~auxsts, prnvxded, however. that sucfx future and. additional advancels)
<br />shah's. be: so lir:ited that the total z?rinnipal amounts nutstandinq at
<br />any time shall zsot exceed the sum of Three Hundred Thousand and na/140
<br />- -_.__ __~-------cEIIllars, and provided further the future
<br />advanc ~ 7 i s;~ r.;ade shall ' gayabl~* in accordance with the terms of a
<br />prcaSiS~or•,> ^ote or notes which may kse taken to evidence such advance(s)
<br />yr af~y ,;_axt thereof. ;The-optional advance{s) herein auttzarized'shall
<br />be cor,s~aere~ additional to th4_ advance(sD hereinafter authorized
<br />to be tsa3e 1.,.~. the: Assignee. for the protection of the security ar
<br />Assign's interest therein;}.
<br />~'ha assgnarent to be void upon the payment in full with ntr~rest of any
<br />abli~7atiarsa, present ar future, secured"or to be secured hereby.
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