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<br />ASSIGNMENT' OF REAL ESTATE PURCHASE CONTRACT Q 1 `!t!liflo
<br />(Open-end: To Secure Present and Future Obligations and Advances)
<br />Datee October 31, 1980
<br />Estate of Harold W. Harrington by Ruth E. Harrington,~Personal Represent-
<br />atiue a_*~d Harrington Feed Yards, Zrc. Assignors
<br />~ Grand Island, Nebraska in eonsidsratian of the advance of
<br />the principal sum decided in the Hate 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 corv~ys to
<br />Commercial National Bank & Trust Co. whose
<br />principal office is at 424 Vlest Third Street, Grand Island, Nebr. ,
<br />all their rights, titles and interest in a contract to purchase real
<br />estate dated March 14, 1972 , by and between Don J. Mertz Company,
<br />A Nebraska Corporation seller, and Harold W. Harrington
<br />purchasers, the following described
<br />real estate:
<br />Northeast Quarter (NEB! of Section Thirty-four (34} in Township Twelve
<br />(13} North Range Eleven (11} 'r1PSt of the 6th P.M. in Hall County, Nebr.
<br />containing 16b acres, mots or Iris, according to Government survey;
<br />together with all of the right, title and interest of the Assigr==ors in
<br />said property now owned, er hereafter acriuired, and including aii Dui.iu-
<br />ii=yo s,-,d :~.ro.°.~.nts now nn or hereaft,®r glared urn, said real property;
<br />including also all water, and drainage rights.
<br />This assignment is given to secure€
<br />fa} A promissory note dated October 31, 14L'0, given by Assignors
<br />to Assigner in the principal s~ of One iaundred Fifty Thousand
<br />and no~200 ------------------- dollars, payable with interest ac-
<br />cording to the terms of said Hate and any instruments taken in re-
<br />financing, cafe,-,ui;,g, or __ne+!ing Raid indebtedness or any part
<br />ttssreof ;
<br />(b) Any future advancets), with interest, which may be made from
<br />time to time by Assignee, at its option, to Assignors, ar any of
<br />them or their successors in title, for any purpose in any amount or
<br />amounts, provided, however, that such future and additi.o~_al adva;.e<(s)
<br />shall be so limited that the total principal amounts outstanding at
<br />any time shall not exceed the sin of fine Hundred ~ftv ThQi~ d and
<br />no/Z0Q --__.__-------_.___.._r,~{pllars, and provided3 further the future
<br />advance(s) sa made shall bepayabls in accordance witri the terms of a
<br />promissory note or notes which may be taken to evidence such advancets)
<br />ar any part thereof. tThe optional advancets) herein authorized shall
<br />be considered additional to the advaneets} hereinafter authorized
<br />to be made Fey the Assignee for the protection of the security or
<br />Assignee's interest therein).
<br />This aseignm®nt to be void upon the payment in full with interest of any
<br />o#ligetians, present ar future, secured or to be secured hereby.
<br />grin Lon Feed Yards, Inc.
<br />~ ~
<br />by ~s
<br />in t t -
<br />by=
<br />ohn Harz~ingtan, a
<br />'32ATE ~` Nebraska ~~- County cf Hali
<br />F~fare aa, a notary public gualifisd for said county, personally came
<br />x~th F~i€rir~t a,-~.: ~..~*w Harrington _
<br />A to aw to be the identical persons who signed the foregoing instrument
<br />aas3 aaltaawlsdged the execution thereof to their voluntary act and deed.
<br />t~itt~esr mY riar,d and ntxtaria2 gal on October 31st
<br />(
<br />MY Ces~ap
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