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<br /> � ' ASSI(,�.`ti°: t�P RI:\7'S A\D .1GRF;1:`tl:ti'1 \lli 1�) :;I:I.L (.1F k2:Ct'?f[ih:R RIiAL 1'AOPFR'T'Y (�,�,.,�t� :
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<br /> In considt�ati'c>n rind as securlty for a ]oan n�adr or purehased by State Federal Savings t
<br /> arid Loan , hcreinafter referred co as "Lender" which loan was made for ttie
<br /> improvement �f real property,, descr:ibe'd below, anrJ is evidenced by a promissorv note in
<br /> favoi oF State Federal Savings and Loan dated t}ie 22 day of.
<br /> ' August , in the amount oE` ive Fiousan g t undred Eigh y�an S4'/100--- �-
<br /> -------------------------; (g 5,880.84
<br /> )DollaYs by the �indersigned; and each of them,
<br /> hereinaf[er referred to as "Borrower", hereby covenant and agree with Lender as followsr <
<br /> "" ' L. The reai property referred to herein is located in Grand Island �
<br /> iCity/County' of . Ha1T , State of Nebraska , 'and is � �
<br /> ' descxibed as £ollows:
<br /> Lot 21 and the no.rth'29 feet of Lot 22' in Belmont addition of city of Grand Island
<br /> r ; Ha1Z County, Nebraska `:
<br /> '2. liorrower hereby assigns Eo Lender all moneys due or tn become due to Sorrower i
<br /> as rental or otherwise for or on account of such real property, reserving unto Tiorrower the y
<br /> right to collect and tetain.any such moneys prior to Borrower's Default under tlie terms of �
<br /> � the loan described above; ` "
<br /> 3. Borrower wi2Z not create or ermit an lien or an encumbrance �
<br /> p y y (other ttian those
<br /> presently existing) to exist on said real property and will nc-�t tYansfer, se11, assign !
<br /> or in any mannez dispose` o£ said real property or any intereet therein without the �
<br /> j prior written consent of Lender; ! '
<br /> i'.,
<br /> ` 4. Lender is hereby authorized and pennitted to cause thi.s instrument to be recorded ,
<br /> ' 9 .� . .. . . . . �e'�� � ,.
<br /> at such time and in such places as Lender at its. opti.on may elect; +t
<br /> 5. This agreemenE is expressZy intended for r_he benefit and protection of Lender � ,'
<br /> and a11 subsequent holders of the note described above. Borrower warrants and represents
<br /> that Borrower owna the above descrlbed real property;
<br /> �,
<br /> �' 6. In the event that the Borrower shall sell or encumber said property in violation, �
<br /> " of this agr.eement, the Lender at its option, and without further notics, mny declare the 4-
<br /> � entire indebtedness of. the Borrower to the Lender immediately due and payable, and the
<br /> ` ; Lender rnay pursue any remedy available to it, whettier in law or in equity� �o enfarce
<br /> �- collection of all sums due and owii�g to it; "
<br /> � . . . . . . � . . . . P„ '
<br /> � - J. This agreement shall remain 3n full force and effect until the loan descYibed
<br /> above shall have been paid in full or unCil twenty-one (21) year.s following the death �v
<br /> ` ' of the last survivor of the undersigned, whichever first occurs. �
<br /> ' `r.��. . . , � .. � . . . . � . .
<br /> Dated thia 22nd day of, Au¢ust , 19 �
<br /> � �� �
<br /> i State of NebYaska ). �"`�"'�'�"`'� ��
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<br /> ) ss.
<br /> County of Hall ) ` Borrowe , s) �
<br /> .. . . . . . . � . . g .
<br /> On this 22nd day of August , 1977 , before me, the j "
<br /> undersigned, a Notary Publice in snd for said City/County and State, personaily appeared ;.
<br /> � Curtia R. Dotv- and Fliza eth M Dor� , hie r
<br /> wife, known to me to be the persons whose n3mes are subscrlhed to the w�.thin instrument and
<br /> acknowledged to me that they have executed the earoe, as their own free act and deed. ..
<br /> Witness my hand and :official seal the day and year last above�ritten. �
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<br /> ' �lYOT/tRY stxrafMaar. G `
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<br /> �'MhMm {xpm�ys7l�fb a y Pub�C
<br /> My eonunission expires:
<br /> ' When recorded, �n§.ail to
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