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ASSIGNMENT OF RENTS ANQ AGREEMENT NOT TO SEtL OR ENCUMBER REAL PROPERTY 8~- tiU~`~~5~~5 Iri consideration and as SeCUri?y for a ban made by Commercial ,Federal Savings-and. Loan Assoc. ~nereinafter called "Lender") which loan was made for the improvement of -real property described below and is evidenced by an installment note signed by - - - - GEUBGE A. AND 1tAHF:N NEWCOh13 _ - .. ___ _-._-- ~.._.._._ _ _ ..___ _.___ _ _______T _ -- ----- Dated ._~_l?g=~2. Ts 81_ in fee amot,nt of One trousand one hundred-seventY_ _three and_ 041100 _-- -._-.- , _. .._- ._ .--. --- - _---collars rg 1 , 173.04__, ). the undersigned. and each of there, Ihereinatter carted "Borrower°j-hereby covenanfand agree-with lender as follows: - - - - - -' 1- The real property referred to herein !s.bcated in .__.,..~.~3.~-1g.1.a.~-_.____,___.---...~.-.._--.--- . - - - CitytCounry of _xall - - -__.. -State of Iv`ebraska;.__cnd ra described-as follows:--- --- - - East 70.5r Qi Lot 10 Wades-Subdivision to Grand Island, Hall, Cotmtg, Nebraska.. - - - - 2. Borrower hereby assigns- to Lender all moneys due or tq- become due to Borrower as rental- or otherwise for or on- - --" -- - - - " - account ofsuch rea: property,-reserving unto Borrower the right to collect and retain any such moneys prior to-Borrower's - default under the terms. of the loan described above: - - - - - - 3: Borrower will not create.or permit any- Iron or-any encumbrance lotfier than those presently eziSting) to exist on said- _ -- - - " - real property antl will not transfer, Belk. assign or in any manner dispose of said real property or any interest therein without the- - " pfior written consont oR lender, -4: Lender is hereby authorized and permitted to cause this instrument-to be recorded at such time and. in such placesas - - _ 'Lender at its option may elect` - -`- - - - - - - - -- - - - -- - - - - - - - --- _ -- - - -5. Thi^, agreement is expressly intended for the benefit and protection of"Lender and all subsequenC holders of the note ~. - - _ - - "described above: Borrower warrants and represents that Borrower owns the above-described real property. - " 6. 7tus_agreement 9tta0 remain in toll force srxf effect until the ;Dan described above shall have been peril in full or until _ - _ -twenry•gne'121)_ years following the death of (he las! survivor of the undersrgned. whichever lirst occurs. - - - - . .. ~,[ 'Dated' ..__ ._ ., Aueus~ 2L • 1 yt~l _, - `- -- - - ~ - STATE OF-Nebraska - r 'S WITNESS ~ ~. r,~ z~ -=r~-`.. K _ -.. - Gry,Countyof __ .)call ~ WITNESS .-sai~,ii~._ ._-.art->,u~"r- __ - _,. __ . - Onthis _ ~__ day of . ~t~--~_. - _ . t 9 _ ~}}_ ~ -Space betow.tor recorder s use only - before me, the undersigned aot2ry Public +n and for Bard - _ - - - - - CitylCounty and State, personaify appeared ~ - - - - - - - j r k ~ and_.---- _..___ -_ __.._;_ ::__.,_., _ - known.(o-ue the parsons whose names are.subscritred-to --;--.- - - - - - - - ---" - within the' instrument and ~- - - have executed the same, a t` o~iIRIWetl9iftatl6tiaeW-riai MN:HAE4AlLEN VANlCEK - WITNESS myhand antl off ~ryCaarm. 6~. JUh 14.-iPW - - - - " _ Notary duhhc rnarrd-t« cad r~aTesland s r~ -. y ~_