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<br /> 1dEdEBEAS , dn the .�.�r&. da�* of ;�- . , i47 i ; G�-and -
<br /> Zsiand Ciinic : BZ�g . in� . , a �`ebraska carporat�on , as Lessor; etitered
<br /> iz�Co a iease agreement ;.+ith Grand Island Glinic, Inc , c,•ith reference
<br /> ,� ': to th�t property d�scribed as follows :
<br /> � Lot One ( i ) in Aledical Park 5ubdivision , <�n
<br /> ` ; Addition to the Cit�= of Gran� Isiand , Hall
<br /> _ CountS� , :�ebraska ;
<br /> . ��;; � � �
<br /> iv�ERE3S , one of the provisions aL such le� se agreement is c�s
<br /> follc�,*s :
<br /> ; "r1s set- farth in the recitetions above ; the I.,�ssee intends
<br /> to construct , or cause to be constructed , an the �easea
<br /> }�remises , leasehold inprovemer. ts and to obtaitt � loan far
<br /> � the construction thereor from the Co^^mercial Nationsl Bank
<br /> < f,y TrLcY f'mm�n ...�.� � i �iTBicu i5i2it1� . lE? DrL� S �B . L2S50� 2�`Tef?S � � �
<br /> 'Y"•'.
<br /> that if Lessee proceeds �aith the construrti �n of leasehold
<br /> imoro�*ements on the premises an� pursuanc ther� to ot� tains
<br /> a loan from ssctl bank fcr an anount not ta exceed $ 175 , 000 . 00 ,
<br /> and in connection ;.�ith such 1onn , e �ecutes and delivers a
<br /> r�ortgaee as to its interest in and Ca alI or an>> part oi the
<br /> ! leased prer,iises as secur� ty for sucn loan for a �erind nat
<br /> " � to eticeed the length of this Iease , such rortgage shail be and
<br /> become a lien and encu�~,.brance sgainst Lessor � s iee title to
<br /> the premises , SUBJECT TO anr prior morteages on such resi
<br /> � � estate , in the same msnner as iL tne Lessor hsd joined in the
<br /> erecution aad deliverv of such instrument , and for such pur-
<br /> Fose , Lessee ir. e�ecuting an� deii��eri�e such rortgage ia -
<br /> hereby irrevocabiy desigr.ated and anpoint�d attorney - in - f� ct _
<br /> for Lessor , coupled with zin ix�terest , �oith iuli �o�.er a�d r
<br /> autnority ror and in behalf of and in the nane oi I.essor to
<br /> e �ecute and deliver such r,.ortnas;e to co�-er and te constitute
<br /> a lien and encurabrance against Lessor ' s �ee titie in and te
<br /> the leased premises , SUBJECT TO prior nortgages that have �een
<br /> placed against � uch reai Z � t3C2 b�� the Lessor or its predeeessor
<br /> ' ; s
<br /> in ti �le . "
<br /> � ' � t,THGREAS , Grand Island Clinic , Fnc , 11as obtained such s lonn frcm
<br /> the Commercial ;�ationai Bank & Trust Ca:�:pam� oi Grand Island , \Tebrsska ,
<br /> �: . and desires to e�ecute s �:,crtgage to the interest such Lessee has in
<br /> -, ; and ta such prenises and as a t�rr� of suc'ti loan pro�>ision , Grar,d Is -
<br /> land Clinic , Iac . is required to proceed te �ortgage Che interest in
<br /> the premises held bv Grand Islnnd Clinic 31d � . , Inc , in ��rn9 to such
<br /> premises as set iorth abo��e ;
<br /> BE IT \ 01J THEREFOc2E I:Nt'h,'\ that Grand Island Clinic Bld � , Inc . , a
<br /> corporation , does hereby make , constiCute and spgoint the officers oi
<br /> Grai�d Island Cli�fc , Inc . , i'ts true snd 13�:fv1 aCtornev far the pur-
<br /> poses o£ e�ecuting a mortgage to Commercial National Bank & Trust Com-
<br /> ganp as set forth in the :ecitations above ;
<br /> I\ WITAESS (,�HEREOF , Grantarf�s here unto caused its corporate seal
<br /> to be affiaed and these preseats signed b_y its President .
<br /> .;,! - �,; .
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<br /> Bated �1�., =� 1477 . ; � ,r � :
<br /> � � `
<br /> � GF.AND ISI.,�\D CLI\ IG BLDG . , I\C . ,
<br /> � , ' '
<br /> A �ebraska Corooration ,
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