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Fi e f I or' rec'ojr '0 '7'
<br />M. In B 0
<br />of
<br />jFi'sheMr. '�?egi ster of D
<br />beds,
<br />Hall County; -Nebraska
<br />WGIRTGAGE
<br />(Partidpation)
<br />This mortgage made and entered into this 21st. day of October
<br />19 75 b andbctwccn Grand Island Tennis Club, Inc. d/b/a Tri City Racquet Club, Grand.,
<br />Island, Kebraska
<br />(hereinaftec- referred to as mortgagor) and First National Bank & Trust Company of Lincoln,- Lincoln,
<br />Nebraska
<br />(hereinafter referred to as
<br />mortgagee), who maintaifis an office and place of business at l3th & M Streets, Lincoln, Nebraska 6.8508
<br />WITNESSET11, tbat for the consideration hereinafter stated, rece - 1pt of which is liercby.acknoivlcdgcd�* tile
<br />mortgagor does hereby mortgage, sell, grant,'assign, and convey' unto the mortgagee, his successors and assigns, all
<br />or
<br />the foliowing dczcribzcd proper�y rituated and being in the County of Hal 1
<br />State of. Nebraska
<br />All of.lots seven (7) and 'ei*ght (8) in Burch subdivision, an addition t6the city
<br />of G�and 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 6e norteast corner of the norfilwest quarter'of the northwest quarter*of tile
<br />northwest quarter (NWI-NI-11 '-NW-Qof Section Twenty-Seven'(27), township eleven (11).
<br />north, range nine (9) west o f.ti * ie 6th P.M., in Hall County, Nebraska, thence running.,
<br />i%et parallel with the north line of Said section A distance of one hundred ninety-
<br />eight (198) feet, -L-.henc'e south parallel with the west line of said section a distance�
<br />of -fifty (50) feet, thence east-parall.el with tile north line of said section a distance
<br />of one hundred hinety-eight (198) feet, thence north parallel with the west li-ne of
<br />said section a distance of fifty ('00) feet:to the point of beginning; and
<br />Part of Lot one (1) Matthew's subdivis ' ion, of a part o f the north-west quarter
<br />(111-1-14) of Section Twenty-seven (27), township eleven (11) north, range.nine (9) west
<br />of the 6th P.M., in Hall County, Nebra * ska, more particular3y described'as follows:
<br />Commencing at the southeast corner of said lot one'(1) Matthew's subdivision, said
<br />Southeast corner also being tile westerly boundary line of Bell,. -.,00d Drive, thence
<br />.running we . sterly along a ' nd upon the southerly boundary line of said Lot one (1) a
<br />.distance of two hundred (200.0) feet, t hence 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 />(200.0) febt:to tile westerly boundary line of Bellwood Drive, thence southerly along
<br />and upon the westerly boundary.line of said Bellwood -Drive a distance of fifty (50.0)
<br />feet to the,point of beginning.
<br />Block-.Four.(4), Roush Subdivision, and the Southerly Seventy -Seven Feet (S77')
<br />of Lot One (1) Matthews Subdivi.sion, all in tRe City of Grand Island, Hall- County,
<br />Nebraska.�
<br />7'ogcthcr with and including all buildings, all fixtures including but not limited to all plumbing, licating, ligliting, '. t
<br />ventilating, refrigerating, incincraiing, air conditioning apparatus,.nnd elevators (tile mortgagor licreby declaring dint
<br />it is intended that the items hrcein enumerated sball be deemed to bave been permanently installed as part of the realty),
<br />nnd all improvcnients now or licreafter existing flicreon; flic liereditanicilts aud appurtenances and all otber rigilts there-
<br />unto belonging, or in any%vise appertaining, and the reversion and reversions, remainder and remainders, all riglits of
<br />redemption, and the rents, issues, and profits of the above described proper.ty ( provided, liowever, tlint the mortgagor
<br />sball be entitled to the possession of said property and to collect and retaln tile rents, issues, and 'Prorits U'Iltil default
<br />liercunder). To liave and to bold the same unto tile mortgagee und tile successors in interest of the mortgagee forever
<br />in fee simple or sucli otber estate, if any, as is stated bercin.
<br />The mortgagor covenant& that lie is lawfully seized and possesacd of and liag the right to sell and convey said
<br />property, that tile same is free from all encumbrances except as licreillabovc recited; and that lie hereby binds
<br />himself and his successors in interest to warrant and defend the title aforesaid thereto and every part thereof agaiii8t
<br />the claims of all persons whomRoever.
<br />This instrument is given to secure the payment of R promissory note dated October 3, 1975 1
<br />in the principal allm of S 350,600. 00 - , , , - - :'I signed by ' Richard A. Westcott
<br />in behalf of Grand Island Tennis Club, Inc., d/,b/a TRI CITY RACQUET CLUB
<br />SBA FORM 9'20 (2-73) . PREVIOUS EDITION . S-A . RE OBSOLETE
<br />
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