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<br /> . I�II�CEL�LANEOUS I�.ECORD V
<br /> 28088-TX6AYCYlTINEC0.6RANDIELIIND.N[BR. . � � �
<br /> (e0�) All of the Easterlp two-thirds (E 2/3) of Lot Five (5) in Block Fifty-sfac (56) of the Orieinal
<br /> (SEAL) Town, no�► City of Grand Island, Hall County, Nebraska as surveyed, platted, and recorded,
<br /> which lease was for a term commencing May 1, 1936, and ending May 1, 1951, and which lease extension extends
<br /> i said term an additional five (5) years from May 1 1951 to April 30 1956, and
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<br />��I Wf��2EAS, First Party is the owner of the following described indebtedness and Mortgage securing the
<br /> same, �rhich Mortgage constitutes an encwnbrance against the above described premises:
<br /> Real Estate Mortgage, dated July 9, 1943, by and between Mary E. Connor Van Metre and
<br /> R. T. Van Metre and Carolyn Connor Stephens and R. E. Stephens, as mort�agor, and the
<br /> First Party herein as mortgagee, to secure the payment of the follo�ing promissory
<br /> notes:
<br /> Note No. 1 in the sum of $500.00 due October 1, 1944
<br /> Note No. 2 in the swn of $500.00 due October 1, 1945
<br /> Note No. 3 in the sum of $500.00 due October 1, 1946
<br /> Note No. 4 in the sxan of $500.00 due October 1, 1947
<br /> Note No. 5 in the swn of $500.00 due October 1, 1948
<br /> Note No. 6 in the sura of $500.00 due Octobtr 1, 1949
<br /> Note No. 7 in the swn of $500.00 dne October 1, 1950
<br /> Note No. 8 in the sum of $500.00 due October 1, 1951
<br /> Note No. 9 in the sum of $500.00 due October 1, 1952
<br /> Note No.10 in the $u� of $12,500.00 due October 1, 1953
<br /> all dated July 9, 1943, with interest at the rate of 3� per cent until maturity, and
<br /> nine (9) per cent thereafter.
<br />� WEIEREAS, First Party has agreed to recognize the validity and priority of the above described lease
<br /> and lease extension in favor of Second Party as surelp and completelq as though First Party had signed the
<br /> lease and lease extension as the Landlord therein, and has further agreed that said Mortgage and any and all
<br /> extensions and renewals thereof, and any or all liens and encumbrances which may hereafter be placed upon
<br /> ...�., the above described real estate fur the benefit of First Party, shall be subordinate in all respects to the
<br /> above described lease and lease extension and all the provisions thereof in favor of Second Party as surely
<br /> .. and completelp as though said lease extension had been dated and recorded prior to the dating and recording
<br /> of said Mortgage.
<br /> (CORP)
<br /> (SEAL) NOW THEREFORE, for and in consideration of the premises, the payment of One (�1.00) Dollar bp Second
<br /> Party to First Party and other good and valuable considerations, receipt wheireof is hereby confessed and (2)
<br /> aeknowledged, First Party for itself, its successors and assigns, hereby eovenants, consents and agrees to
<br /> and with Seeond Partp, its successors and assigns, that First Partq herebq recognizes the validity of the
<br /> herein referred to lease and lease extension and all the provisions thereof as fully and completely as
<br /> though First Partp had execnted said lease and lease e�tension as Landlord therein, and further, that said
<br /> indebtedness represented by the said Mortgage and any and all extensions and renewals thereof, and any and
<br /> all liens, deeds of trust, and mortgages, which may hereafter be placed on the above described real estate
<br /> for the benefit of First Party, shall be subject and subordinate to said lease dated Apri1 9, 1936, and that
<br /> certain lease agreement dated October 14, 1950, and all the provisions thereof and extensions thereof, and
<br /> further, that the provisions of this agreement of snbordination shall be binding upon and inure to the
<br /> benefit of the parties hereto, their successors, and assigns.
<br /> I IN WITNESS WHEREOF, the parties hereto have caused their na�es and seals to be affi.xed as of the day
<br /> and year first above written in quadruplicate. '
<br /> First Party:
<br /> THE MIDWEST LIFE INSURANCE
<br /> ATTEST; (CORP) COMPANY of Lincoln, Nebraska
<br /> By Clyde W. _iames (SEAL) By H. C. Henderson
<br /> Secretary Vice President
<br /> Second Party;
<br /> ATTEST: F. W. WOOLWORTH C0.
<br /> By T. Brown (CORP) By I. W. Keffer
<br /> Asst Secretary (SEAL) Vice-President (3)
<br /> �'IRST PARTYf5 ACKNOWLEDCMENT
<br /> STATE OF NEBRASKA )
<br /> )SS On this first day of November, 1950, before me, a Notarp Public in and for said
<br /> COUNTY OF LANCASTER ) County, personallq came H. C. Henderson and Clyde W. James �of THE MIDWEST LIFE
<br />� INSIJRANCE COMPANY of Lincoln, Nebraska, a Corporation, who are personally known
<br /> to me tv be the identical persons whose names are affixed to the foregoing instrument as Vice President and
<br /> Secretary of said corporation and acknowledged the instrument to be their voluntary act and deed and the
<br /> voluntary act and deed of said corporation.
<br /> WITNESS mq hand and notarial seal the day and year last abone written.
<br />' (SEAL) Miriam Kirschner
<br /> My commission expires: Julp 26, 1953 Notary Public
<br /> S�COND PARTYtS ACKNOWLEDGMENT
<br /> STATE OF hEW YORK )
<br /> )SS On this 24th day of November, 1950, before me, a Notary Public in and for said Connty,
<br /> COUNTY OF NEW YORK) personallp came I. W. KEFFER and T. BROWN of F. W. WOOLWORTH CO., a Corporation, who
<br /> are personally known to me to be the identical persons whose names are affixed to the
<br /> foregoing instrument as Vice-President and ASST Secretary of said corporation and aclma+ledged the instrwnent
<br /> to be their voluntary act and deed and the voluntary act and deed of said corporation.
<br /> WITNESS my hand and notarial seal the day and year last above written,
<br /> My commission expires: NOTARY PUBLIC, STATE OF NEW YORK _1ohn A. Wasche
<br /> (SEAL) QUALIFIED IN KINGS COUNTY Notary Pnblic
<br /> No. 24-4162400
<br /> � CERTIFICATES FILED WITH
<br /> KINGS C0. F� N. Y. CO.REGISTERS OFFICE
<br /> � NEW YORK COUNTY CLERKS OFFICE
<br /> COMMISSION EXPIRES MARCH 30, 1951
<br /> Filed f or record this 5 day of December 1950, a.t 2:30 ofclock P.M. ���-�-���y�,� -_
<br /> �,/ Register of Deeds �
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