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~~~ ASSTGt3MF.NT ~~E' REAL ESTATE t71JRC;;x.4~~.E CcJD~TRTeCT
<br />open-~enda Zb Secure Present and 1"uture Obligations and Advances}
<br />Date December 3, 1979
<br />Regency Construction, Tnc. ~, Assignors
<br />of Grand Island, Nebraska , in consideratior, of the
<br />advance of t_he principal sum recited in the note hereinafter described and
<br />in consideration of future advances of funds made by assigner to assignors or
<br />any of them as hereinafter provided., hereby assigns and conveys to
<br />Commercial National Bank & Trust Co. whose principal
<br />office is at _ 424 West 3rd St., Grand Island NE
<br />all their rights, titles and interest in a contract to purchase real estate
<br />dated 12/3/79 by and between
<br />seller and _ Regency Construction, Tnc purchasers,
<br />the following described real estate:
<br />714 West 5th Street, Grand Island. Nebraska
<br />Lot eight (8}, Block eiyht (8), Rollins Addition, Grand Island, Nebraska.
<br />containiny acres, ~zeore or less, according to Government survey; together
<br />z•rlth ail og the r; z,r. -title ,.nd _nte.est of ,.,.~
<br />-g.._ Assignors .aid -property now
<br />owned, or hereafter acquired, and including all buildings and improvements now
<br />on or hereafter placed upon, said real property; including also all water, and
<br />drainage rights.
<br />This assignment is given to secure:
<br />(a) A promissory note dated December 3, 1979 given by Assignors to
<br />Assignee in the. principal sum of ThV tee tTusand nine hundred and notla0-
<br />^------------------ lk311ars, payable with interest accordny to the terms
<br />of said note and any instruments taken in refinancing, estendinc, or
<br />renewing said ind4btedress or any part thereof;
<br />(b) Any future advance(s), with interest, which may be made from time to
<br />time by Assignee, at its option, to Assignors, or any of thazn or 'tiseir
<br />successors in title, f~,r any purse in any amount or arx~unts, provided;
<br />however, that, such future and additional advance is) shall be so limited
<br />that the total grincipa2 antcunts outstanding at any time shall zzot ex-
<br />ceed the sum of Three- thousand nine hundred and no/1(10-^---- ----_-- --
<br />t7C1LT.~1R~., and provided €urtl;Lr the fta~ure advance: (s) so made shill be pay-
<br />- =b=e in accor3ance with the tGZ~ns or a promissory note or notes wPZich
<br />may he taken to ev?dence such advarcbf~ or ariy part thereof. (Th® optional
<br />advance(s) herein authorized shall be considered additional to the advances}
<br />hereinafter authorized to be made by the Assignee fox- the protection of the
<br />security or Assignee's interest therein).
<br />This assignment to be void upon the payment in full with interest of any obligations,
<br />1?resent fo~r,.€ytur e, secured or to be ~>ecured hereby. __
<br />n
<br />~ r
<br />'`-'~ ~ i9n r axgnor
<br />S'1#TE ~' Neh;saki , Coup y of Hall
<br />Hefore, me a notary public qualified for said county, personally came
<br />B1~,g~T1~X.,.S~tion . Ino . known to me to ba the
<br />identical persons who signed the foregoing instrument and acknowledged the
<br />execution thereof to theix valuntary act and deed. ~ Q
<br />Witness my hand and notarial seal o.n J ~ ~ 19-x,--~---
<br />r f
<br />@E11Y BUG1~+1-E ~ _-eC.t.f Notary Futllfc
<br />.., AL rii ~l ARY
<br />GEN~ ~ Netxsck<< Nty Commission expires -~'~~~~ ~ 19
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