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<br />010-06.4 'isher, Registe- of Deeds,
<br />Hall County, Nebraska
<br />`_"TGAGE:'-
<br />(P"Cipation)
<br />This mortgage made and entered, into thii" ':'; third day'of ' October
<br />19 75 byandbetweerr Grand Island Tennis Club, Inc. d/b/a Tri City Racquet Club, Grand.
<br />Island, Nebraska
<br />(hereinafter referred to as mortgagor) and First National Bank.&�Trust Company of Lincoln, Lincoln,
<br />Nebraska
<br />(hereinafter referred to as
<br />mortgagee), who maintains an office and place of business at 13th, & M Streets, Lincoln,.Nebraska 68508
<br />WITNESSETH, that for the consideration hereinafter stated, rec6pt of which is hereby acknowledged, the
<br />mortgagor does hereby mortgage, sell, grant, assign, and convey unto the mortgagee, his successors and assigns, all
<br />of the following described property situated and being in the County of Hall
<br />State 'Of. Nebraska
<br />All of lots seven (7) and eight (8) in Burch subdivision, -an addition to the city
<br />of Grand Island, Hall County, Nebraska, except the westerly twenty—five (W 25') feet
<br />thereof:
<br />A rectangular tract of land described as follows: Commencing at a point 610 feet
<br />south of the northeast corner.of the northwest quarter of the northwest quarter of the
<br />northwest quarter (N1qW&4NW-4) of Section Twenty—Seven (27), township eleven (11)
<br />north, range nine (9) west of the 6th P.M., in Hall County, Nebraska, thence running�
<br />west parallel with the north line of said section A distance of one hundred ninety—
<br />.eight (198) feet, thence south parallel with the west line of said section a distance
<br />of fifty,(50),feet, thence east parallel with the north line of said section a distance
<br />-of one hundred.ninety—eight (198) feet, thence north parallel with the west line of
<br />said section a distance of fifty (50) feet to the point of beginning; and
<br />Part of Lot one (1) Matthew's subdivision, of a part of the north-west quarter
<br />(NIA) of'Section Twenty-seven (27), township eleven .(11) north, range nine (9) west
<br />of the 6th P.M,., in Hall County, Nebraska, more particularly described as follows:
<br />Commencing at the southeast corner of said lot one (1) Matthew's subdivision, said
<br />southeast corner also being the westerly boundary line of Bellwood drive, -.thence
<br />running westerly along and upon the southerly boundary line of said Lot one (1) a
<br />distance,of two hundred (200.0) feet, thence northerly parallel to the easterly
<br />boundary�line of said Lot one (1) a distance of fifty (50.0) feet, thence easterly
<br />parallel to the southerly boundary line of said Lot -one (1) a distance of two hundred
<br />(�00.0) feet to the westerly boundary line of Bellwood Drive, thence southerly along,
<br />and upon the westerly boundary line of said Bellwood Drive a distance ofTifty (50.0)
<br />feet to the point of beginning. . . I
<br />Block Four (4), -Roush Subdivision, and the -Southerly Seventy -Seven Feet (S77')
<br />--of Lot One (1) Matthews Subdivision, all in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Togetherwith and including all buildings, all fixtures including but not limited to all plumbing, heating, lighting, - :
<br />ventilating, refrigerating, incinerating, air conditioning apparatus, and elevators (the mortgagor hereby declaring that :
<br />it is intended that the items hrecin enumerated shall be deemed to have been permanently installed as part of the realty),
<br />and all improvemicnts no%v or hereafter existing thereon; the hereditaments and appurten I ances and all other rights there-
<br />unto belonging, onin anywise appertaining, and the reversion and reversions, remainder and remainders, all rights of
<br />redemption, and the rents, issues, and profits of the above described property ( provided, however, that the mortgagor
<br />shall be entitled to the possession of sa id property and to collect and retain the rents, issues, and profits until default
<br />hereunder). To have and to hold the same unto the mortgagee and the successors in interest of the mortgagee forever
<br />in fee simple or such other estate, if any, as: is stated licrein.
<br />The mortgagor covenants that he is lawfully seized and possessed of and has the right to sell and convey said
<br />property; that the same is free from all encumbrances except as hereinabove recited; and that he hereby bifids
<br />himself and his successors in interest to warrant and defend the title aforesaid thereto and every part thereof against
<br />the claims of -all *persons whomsoever.
<br />This instrument is given to'secure the. payment of a promissory. note dated October 3, 1975
<br />in the principal sum of S 350-000.00-f :,;signed by..Richard A. Westcott
<br />in behalf of Grand Island Tennis Club, Inc., d/bla TRI CITY RACQUET CLUB
<br />SBA FORM 928 (2-73) PREVIOUS EDITIONS ARE OBSOLETE
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