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<br /> TNEIIUGU6TINfCO.-7606 __�_"'-_�-.' . _ -__. . _. . - "__ ___"� --____
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<br /> '� Southeasterly parallel with said eenter lin� FiPty (50) f'�et; thenee Southwesterly at right angl��
<br /> to said eenter line One Hundred twenty (120) feet; thence Northweaterly parallel with said center!,
<br /> line Fifty (50) feet; thenc� Northeasterly a� right angles to sald center line On� Hundred twenty;�
<br /> '' (124) f�et to point of beginning. Townshil �'ifteen (1 North Ran e E1 ht�'
<br /> >; Abov� described land located in Section Thirty-two t32) , p �j� � $ g p
<br /> (�) West. �;
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<br /> ! 9�HEREAS, the undersigned on the 15th day of November, 1930, �xecuted and delivered to Farr[tere i;
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<br /> Union Ga,s and 011 Company, of Grand Island, Nebraska, (said Company having changed ita name to �
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<br /> ` Farmers Union Co-operativ� Gas and �il Company) , a lease to run for an 3.ndefinite perio�l from �;
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<br /> November 15th, �93e, until terminated as therein provided, upon the follo�ing described property ';
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<br /> at Grand Island,Hall County, Nebraska, to-�rit; ;;
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<br /> ' Begi rming at th� ATor'Ghwesterly corner oP Bloek Thirty Three (33) ,Capitol Hill Additiofl to Gr, ,nd I;
<br /> Island, according to the recorded plat thereof, �hence Northea$terZy in narth line of Block hirt�r
<br /> ' Three O One Hundred Forty (i�-�) feet; thence Southeaaterly at right angles to last named cour�e,
<br /> Ninet 33o Peet• thence 5outhvaesterly at right angles to last narried course, One Hundred Forty :
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<br /> (140) feet; �hence North�aesterly at right anglE� to last narned course, Ninety (q0) feet to point 'i
<br /> oP beginning,
<br /> Above describ�d land located in See�lon Nin� (9) , Township Pleven (11} �Torth, Ran�e l�inc (9) �fe$t�i.
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<br /> ' WHEREAS, said Farmers Union Co-operative Gas and Dil Company, Grand Island,Nebrask�a, has applied �;
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<br /> � ta the Omaha Bank Por Cooperativ�s Por a loari to provide funds f'or the ��fectiv� mercl�andising of;�
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<br /> ' the produets handled by it; and
<br />� �HEREAS, the �maha Bank for Cooperatives has consented to make such loan upon condition �hat the '+
<br /> 1 Farmers Union Go-operativ� Gas and OiI Company, provides security for the repaym�nt oP the same ;�
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<br /> ;: in accordanee with the requirements of said �maha Bank for Cooperativea; and ;
<br /> WHEREAS, sald Omaha Bank for Cooperatives has a��anaea and required of said Farmers Union Qo-ape ��+;-
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<br /> ' ative Gas and Dil Company, that it exeeute to the Omaha Bank for Cooperatives a mortgage upon 'sa�;ld
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<br /> 1 leasehold estate and upon the buildings upon said property and the equipment therein; and �;
<br /> '! WHEREAS, �aid Omaha Bank for Cooperatives, has furtrier r�qured that said Farmers Union Gas and ��
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<br /> Oil Company, as a condition precedent to the acceptance of said mortgage upon said lease�old ��
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<br /> ' intereat, and upon said buildings and i�nprovements, that sald Farmers Union Co-op�rative Gas and �;
<br /> � 011 Company, obtain the written conaent and agree,ment of th� undersigned to the stipulatione here�in-
<br /> ���� af ter contained. � � � � i�
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<br /> ' N�W, THEREFORE, in consideration of the 8um of One {$�1.00) �ollar to it in h�nd paid or to be �I
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<br /> ; paid, the undersigned hereby stipulates, cons�nts and agr��s as fallows; That notwithstanding an�r
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<br /> ! covenant, provi,sion::or- stipulation to the contrarq in said leas� contained: �:
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<br /> ' l. Said Farm�rs Unian Co-opera.tive Gas and �il Campany, may mortgag� to the Omaha Banl� fo'r Coop�#�-
<br /> � ativeQ, aIl the said lcssee's right, title and interest in said leased property held or poas�sse�.
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<br /> � by it by v�irtue of said lease. ��
<br /> ���� 2. Th�t the underaigned will not hold the Omaha Bank for Cooperatives for r�nt which migYit at �i
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<br /> any time accrue while said mortgage is in cffeat, uxiles� the Mortgagee or its assi�ns takes pos-�:
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<br /> session of said property. i,�
<br /> 3. That in �Y�e event said mortgage is foreclosed or in the event that said leasehold inter�at isl'
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<br /> tak�n over by tYie l�ortgage� or lts assigns in any proceedings for the colleetion of the indebted��-
<br /> ' nPSS seeured by said mor-tgage, or f'or any oth�r breach in said mortgage contain�d, the said leas�-
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<br /> � hold interest may be sold and transfsrred to any person v�ho may purshaee th� eame in said fore- !i
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<br /> � closure or other proc�edin�s; or -in the event the said le�sehold is tak�n over by the �ortgag�eo�
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<br /> its assigns in any manner, or f'or any reason, the undersigned agrees, at th� option of said Morti�
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<br /> �agee or its assigns, to execute a l�as� to said �ortgagee or its assigns upon the same t�rms an�1
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<br /> condltions as are contained in the lease to said -Farmera Union Co=op�rativ� Gas and 011 Company.��
<br /> �. That tl�e undersigned hereby �vaives any liens, whieh it now has, or may hereaf'ter elaim, as oP;+
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<br /> the date of thi� instrument, against the property of said Farmers Union �o-operative� Gas and 011�
<br />�' .� Company. .'i
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<br /> 5. Th� undersigned will not durSng the period while said mortgage shall be in eff�ct cancel or ;;
<br /> terminate said lease agreement for any breach by the leseee of any of the t�rms ther�oP without !;
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<br /> ' first gi�ing the �ortgagee, or its assigns, at least thi�ty c'i�.ys written notice of such intended�i
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