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<br />* ASSIG2. .ENT OF RENTS AND AGREE9IEN'~ _+OT TO SELL <br />S JE ~"'~ 1 l I ~ t7 ~ ~ OR ENCUhit3ER REAL YROPF,RTY <br />Ia aonsideratian and as security for a loan made or pttrchased by_ Commercial National Bank & <br />Trust: Co. <hereinafter ~~ "Lender") which loan was made for the improvement of real property described <br />halo-.. surd is evidene~ by a prtstrrassory note in favor of <br />Commercial National Bank & Trust Comgany <br />~~ July I6 I9 81 , in the amount of Three Thousand and no/100 - - - - <br />-- (CC.C t ::: i ; - - - - - - - - - - - - - Dollars (~ 3.000.00 ,), <br />the undersigned, and each of them, (hereinafter called "Borrower"} hereby covenant and agree with Lender as <br />folloovs: <br />1. The real property referred to herein is located in_r.,-ar,<~ r~ia.,<~ , <br />City/County of Hall ,State of Nebraska and is described as follows: <br />Packer & Barr Second Addition, Lot 2, Blk 30, City of Grand Island, <br />Hall County, Nebraska <br />2 Borrower hereby assigns to Lender ail morays due cr to br_ome due to Borrower as rental or otherwise for <br />cr oa account of such real praperrv, reserving unto Ciotrower the riehI to collect and retain any stteh moneys prior <br />to Bozrower's default under the terms of the loan described wave; <br />3. Bozeower will not reate or permit any lien or anv cnaumbrarce ;other t4an those presently existing} to <br />exist an said real propertl- and will not transfer. sail, as>i;-n or in any manner chspase of said real propezty or <br />any interest therein without the prior written o,.:vsent rd Lender: <br />4. Lender is hereby authorized and permitted to cause L'xis instrument to be recartled at =_uch time and in such <br />places as Iznder at its oprion may elect- <br />5. This agreement is expressh• intended for the henefit end protection of Lender and all subsequent holders of <br />the note described above. Borrower warrants cvid repres<-nts :'rat I.orrcw-er owrs the stave-uescribed neat property. <br />6. This agreement shall remain in foil torrn and ,dheci unto tine :can described above shall have been <br />paid in full or until twenty-one r22) gears fo?icwt~:g the <?earl •>f tre :ast sur4~ivor of the understgned, whici,.evcz <br />first oacerrs. !/ , <br />~- Jb - ~ ,~ `..'tG'~AI'L'IL 1'~'_~~--t.-~_~ 1v1~r~c.t~-e~~r <br />Dated : stcvtr ~ttB; ~ /~ ~~7~ - ,f_~i.> n~.C _ <br />STATE OF y ~ -~-ds.-~-- <br />S~ WITNESS <br />City/County of ~Qt `~ J ` ~i'ITNESS_ <br />On thia_L.[a.__day of- 19 £ j <br />before me, the undersigned, slot-` sty Public in and <br />for said City/County and State, personally appeared <br />ca.,. epp.s ~ as C 1~.. _,_ <br />Bad b ~ ' s /r' _ nos c/~- ,his wile <br />kaawn to Ale to be the persons whose names are sub- <br />scribed to the within instrument and acknowledged to <br />me that they have executed the same, as their oivn <br />free act and deed. <br />WITNESS my hand and official seal. <br />~~ <br />~~ <br />for said County and State <br />pW d <br />~ J, d11A1~ <br />~4/4i~t~ <br /> <br />u <br /> <br /> <br />