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8l.'--~~t~2909 ASSIGNMfSNT Ole' RENTS AND AGREEIiENT NOT TO SELL OR ENCUMBER HEAL PROPERTY In onnrdderateon and ae aeeurity for a h1e21 made or p)scilased by Commercial National Bank & Trust Co. (hlseeinafter called "fender") which loan was made for the imptovetslAl# o[ real property described below and is evidenced by a promissory note in favor od Connlercial National Bank & Trust Co. datnd_ !'lay 29 13 81 , in the amotmt of Seven Thousand One Hundred Seventy Six and no/100 - - - - - Dollats ($7,176.00 _) the imdetsigned, and eatfi of them, (hereinafter called 'Borrower"} hereby covenant and ~dgree with Lend:~r as foAows: 1. The real property referred to herein is located in Grand Island CitylCounty of Hall ,State of Nebraska and is described as follows: Lot Fifty-.five (55) and the North Ten (10) Feet of Lot Fifty-four (54), in Former View Subdivision, in the•City of Grand Island, Hall County, Nebraska 2. Borrower hereby assigns xn Lender a!i moseys dve or Co become dve to Borrower as rental or otherwise for or an accaunt of such real progeny, reservin, ants 3orrower the ri;ht to rnllect sad retain any such moseys prior to $orrower's default under the [erms of the ioar. described above: 3. Borrower w-iil not create <,r permit anv lien ar any encumbrance (other than those presently eristing) to ezist on satd real property and will not *.:artsfer. se::- assi~rt or in any manger dispose of said real pmpery or any interest thetea without the prior written consent of i.erdcr. 4. lender is hereby authorized and permined to cause this instrument to be reccrded at such time aad in such places as Lender at its npnon may eiecc- S. This agreement s expresst intended for the benefit and protection of Lerdet and all subsequent holders of the Hate described above- Borrower :Warrants :md represents that isorre'~n•er o:vns the above-described mal property. &. This agzeen:nnt shalt remalr. tr. fait force and et3ect unfit the loan described above shall have been paid in full or until twenty'-one !_~li years :ollow'3a the dealit of the last survivor of the undersigxted, whichever first acct)rn l - SIG.tiATL`nE Dated: May 29 ' 1981 SIG~tATLTftc Lori arrar STATE OF NEBRASKA ~ SG 6vITNE~S City/county of HAi'i• ~ tvITi+ESS On this 29 _day of NaV ._, 19._$1._, before me, the undersigned, a \ctary Puulic in and for said CitylCounty and State, personally appeared Warren Farrar gpd ~ Lori Farrar ,___, hi3 wile kno>ron to me to be the persons whose names are sub- seribed tQ the µ'ithin instrument acrd acknowledged to me that they have executed the same, as their own free act and deed. V4iTNESS my hand and official seal. ,. Notary Public in and for said ~ my and Slate 7Nhs•{oryns~n h6N1a0 G., 1101 6. i"ifM St., lA4.n~upot;~, Miwn. 2301 M,e.~, 326-2121 u