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<br /> REAL ESTATE MORTGAG�: ��
<br /> (With l�uturc Advanr�c Cixuse) �
<br /> �. DATE AND PART�ES. The date a�f�his MoR�+�e(Saurhy Instrut�nent)1�......,..AS/1�/,1.9.4�....................�nd tUe
<br /> parties, thcir addressa9 and tax identiC�cation numbers,if requfred,arn n.r tollowr:
<br /> MORTQA(iOR: TNE GRAND ISLAND 110MESTEAII� L.L.G.
<br /> Olf checked, refcr to tho anar.hrd Addendum incorporated heretn� for additlonel Mnrtg��ore, thelr ul�nttura �nd
<br /> acknowledgmems.
<br /> ],ENDfiR: CENTRAT� BANK AND TRUSx C0. �
<br /> MAIN �ANK
<br /> P.O. BOX 1366
<br /> HUTCHINOSN, KANSAS 67504
<br /> 2. CONVEXANCE. For good and valu�ble wnsideration, the receipt and Rufticlency of which i� �cknowled�ed� iu►d to
<br /> secure the Securod Debt(defined below)and Mortgagor's performance under th��Saurlty Instcument,Mon�yor�nu►ts.
<br /> bargains,conveys,mortgages �nd wu�ruita to I.ender the tollowing dacribed pmpeciy:
<br /> LOT 1, (1), WEIS ACRES SUBDIVISION IN TH6 CI',�Y OF GNAN� ISLAND.
<br /> HAI,L COUNTY, NEBAASKA
<br /> The prop�rry is located in �L.................................. at...,,....................,......,..........,
<br /> ....,.........................�Counry)
<br /> ........�.�.°-�.�.W..FALDL Y ................. ......GRANP...T,$�rf��D ................... ., NE , ....�?gBQ.� ....
<br /> � • �VE t• ••� ' (Clty)� (ZlP Cod�)•
<br /> (Address)
<br /> T'ogethor w�th all rights, easements, appurtenaaces, royslties. minerd right�, otl and gas righw, crops, ttmtxr, �ll
<br /> diversion payments or third party payments made to crop producere, dl w�ter and ripulat right�� well�, ditchd,
<br /> reservoirs.and.water stock aad all e�clsting and futuro improvem�nu,atNCtures,�xturea,and rcpl�oemena thst may now,
<br /> or at�ny time lm the future,be patt of the real estate deacriba!a�rove(all referred to as "Prvperty").
<br /> 3, 1t�AXD►�[lM pDLIGATION LINIIT•'ft►e total pxincipal amount aecuced by thif Security Inetcument�t any one time sha11
<br /> not axceed S....120..O.OA..QO............................. .Thia limituion of amaunt does not include interest+�nd other fea
<br /> and charges validly made pucsuatu to thls Security L�strument.Also,this Ilmitatfon does not epply to alvance�made under
<br /> the ttrms of this Securiry Tnstrument to protect Lender's security nnd ro perfonn any of the covenants contafneJ lu �hle
<br /> - S<:carity Inatrument.The ilrnitatton is for the purposea set forcli in K.5.A. §9-11U1.¢�Si�2336 uxl 4 79-3102.
<br /> 4. SF,CUItED DEBT AND FUi'I3ItF ADVANCES.The term"3ccural Debt"Is defined�a fallows:
<br /> A. Debt incurred wider the terms of all promissory note(s),contract(s),gu�ranty(s)or oth�r evidence of debt descritxd
<br /> below anc3 all thoir eat�nsIons, renowals. moclifications or substitutiona. (When reJfrencing rh� debtt brlow(r!�
<br /> sugg�stPd that you tnt6ede ltems suclt as borrowers'names,note antounta, tntere,rt rate.t, ma�artry dafer,ePC.)
<br />— BORROWER: THE NOMES'T�AD COMPANX, L.C.
<br /> NOTL+ ,AMOUN'P: $335,000.00
<br /> INTBREST RATE: 10.5Q0
<br />-- MATUItITY DATG: 06/18/1997
<br /> B. All future ndvAnces from L.ender to Mortgagot or othcr future obligattons ot Mortgegor lo I..et►dcr under �ny
<br /> nromissory note, contract, guaranty, or other evidcncc of debt exis►ing now or eaecuted after tlds Sccttrliy
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