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201207230
<br />WIi@N R��O�B@➢ �C`FU�tN Tf):
<br />OLD REPUBWC TI71.E
<br />� oRT�A� E �,�: �� �9��G
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<br />�' \2�0�^l�2 surr�,c�,
<br />� 1 _ 1 _ ' �� � ( � 1 _ AI�IO�AF, OH 44311
<br />� �lQ j"l Gl.o
<br />Th'rs Indenture itnesseth That,� First Christian• Church, Grand Island, Nebraska,
<br />("Mortgagor°) of Hali County, in the Sfate of Nebraska MORTGAGE �1ND WARRANi' to BOARD OF CHURCH
<br />EXTENSION OF DISCit'LES OF' CHRIST, INC., a corporation arganized underfhe laws ofthe�5tateof Indiana
<br />(�Morfgagee"), af Mar(on County, in the State of Indiana, the following described Real Esfate situat�l in Hall
<br />County, in fihe State of Nebraska, to wit:
<br />Situate in the City o�f Grand Island, County of Hall, and State of Nebraska:
<br />Lots �ne (1), Two {2}, Three (3}, Four (4), Five {5}, Six (6�, �even {7}, Efght (S}, Nine {9), Ten (10},
<br />�leven (11), Twelve {12), Thirteen {13}, Fourteen (14), �ifteen (15), and Sixteen (16), Block Two (2),
<br />all in Cunningham's Subdivision, an addition to the city of Grand Island, Nebraska.
<br />Tax I.D. Number. 40Q039893
<br />together with all rights, title and interests of Mortgagor in and to ali buildings and other improvements now ar
<br />hereafter piaced on the Real Es�te, together wifli all fixtures, machinery and ather personal property now or
<br />hereafter attached to the Real Esfate to secure the payment, when the sarrte shall become due, of:
<br />The 3 Year Adjustable Rafe Installment Note {°Note") executed by the Mortgagor and dated
<br />/-� �- �1 , 20 12 for $40.000.00 bearing interes# from said date at the rate of 4.5% per
<br />annu , adjustabie as provided herein and in the IVote, and being payable in monthly installments of at
<br />least $746.00 per month, subJect to adjustment resul�ing from any adjustment in 9nfierest rafe as herein
<br />provided, said payments commencing on the flrst day af the month that begins not less than 15 days
<br />after the date principaf funds a�e disbursed by the Board of Cfiurch Extension of Dlsciples of Chr�st,
<br />Inc., said paymen�.s to cover both principal and interest, the balance of principal and interest being due
<br />and payable in full on or before 5 years after the first payment date. .
<br />atid any mod�catians, extens[ons, adjus#ments or renewals thereof and any renewal or addftional notes orother
<br />indebtedness by Mo�kgagor to Mnrtgagee, as, well as any and all sums advanced and costs and expenses
<br />incurr� by Martgagee pursuant to the terms of any note or this mortgage (all collectively and sevewally referred
<br />to as "Indebtednass"), the payments aforesaid ta be payable to the order of the Mortgagee, Board of Church
<br />Extension of Disciples of Chrlst, In�., at its ofFice at 130 East Washingtan Street, Indianapofis, lndiana 46204, or
<br />such other place as the owner or halder hereof may designate in writing; satd payments #o be applied firstto pay
<br />fihe interest due �nd the balance, i� any, to the principai, the amount of principal upon which interest (s to be pald
<br />'to be adjusfed each month; tha# is, the unpaid balance of principal at the beginning of each month shall be the
<br />prineipal upon vvhich interest shall be paid for fhe following month. Faiiure to pay any in�taQmenf of sa'id
<br />Indebtedness when due or the breach of any other obligation of mortgage corrtained herein shall, at the opfion of
<br />Mortgagee, bring the unpald balance of said I ndebtedness due and coilecfible w�thout any nafice, presentmerit,
<br />demand, protest, notice of protest or other notfce Qf dishonor or demand, all of which are expressly waived by
<br />#he Mortgagor. 7his mortgage shall also cover any additionai advances made 6y the Mortgagee td the
<br />Mortgagor at the option of the_Mo�tgagee, but in no svent shall the amount advanced exceed the original amount
<br />of this mortgage.
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