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i
<br />79-~ ~~ r~2}~
<br />CONDITIONAL ASSIGNMENT OF LEASE
<br />This assignmen*_ is given to secure the payment of a bond in
<br />the sum of $ 19.267.29 of even date herewith, which
<br />bond is payable as follows: $255.9$ per month, in advance, including
<br />interest at 12.24% per annum, computed upon the unpaid principal
<br />balance for 144 months
<br />on the following described property, to-wit:
<br />Lot Seventeen (17) having a lake front footage of
<br />One Hundred Ten Feet (li0') situated on the West side
<br />of the East portion of Koester Lake, and being on a
<br />part of the East Half of the Southwest (Zuarter (E'~SW~)
<br />in Section Thirteen (23}, Township Eleven (11) North,
<br />Range Nine (9) West of the 6th P,M. ir. Hall County,
<br />Nebraska.,
<br />This agreement shall be binding upon the parties hereto and
<br />their respective personal representatives, devisees, legatees,
<br />heirs-at-law and assigns.
<br />'That in consideration of the sum of Nineteen Thousand 'l~ao Hundred
<br />Sixty-Sever ~ 29IiQ0___Dollars, we, Delmar L. Garrelts and Mona A. Garrelts,
<br />hereby sell, assign, and transfer unto First Savings Company of
<br />Grand Island, Nebraska, ail our right, title, and interest in and
<br />to a certain Lease Agreement entered into on March 1, 1975, between
<br />Koester Lake, Inc., Lessor, and Delmar L. Garrelts and Mona A.
<br />Garrelts, Lessees. c..~ ~.~~`
<br />~~A L, GARxEL3'S MONA A, GARRELTs
<br />LESSEE LESSEE
<br />CONSENT IC) ASSIGNM£fi`T Ot LEASE
<br />Koester Lake, Inc., hereby consents to the assignment to the
<br />First Savings Company of Grand Island, Nebraska, by Delmar L.
<br />Garrelts a_*~d Mona A. Garrelts, of a Lease dated March 1, 1975,
<br />~terein the party hereto was Lessor and Delmar L. Garrelts and Mona
<br />A. Garrelts were Lessees; such Lease commenced March 1, 1975, and
<br />terminates February r8, 2010.
<br />Said assignment, to which this Lessor consents, was given by
<br />said Lessees to First Savings Company of Grand Island, Nebraska,
<br />as additional security for payment of a bond in the amount of
<br />19,267.29 , and a financing statement covering the
<br />above described premises aaui securing the payment of said bond.
<br />Sssh assignment to remain effective until said }mnd is paid.
<br />K9JESTF.R LAKE, INC. , LESSOR,
<br />P s `
<br />Ti~AAfiID this ~ ~ day of bcra~AC , 19 ?9 -
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