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<br /> <br />L"\ j:;,~ <br /> <br />MORTGAGE, SECURITY AGREEMENT, 93-~. 10869 <br />ASSIGNMENT OF JJEASES AND RENTS At.'ID '.L_ <br />FIXTURE FINANCING STATEMENT <br />(CONSTRUCTION SECURITY AGREEMENT) <br /> <br />This Mortgage, Security Agreement, Assignment of Leases <br />and Rents and Fixture Financing Statement ("Mortgage") made and <br />entered into as of the 1st day of Decen'.ber, 1993, by and among <br />Grand Island Regency Retirement, a Nebraska not-for-profit <br />corporation (the "Company"), as mortgagor and debtor, and the <br />Hospital Authority No-. 1 of Hall County, Nebraska, duly existing <br />under the laws of the State of Nebraska (the 11 Issu(~r"), as <br />mortgagee and secured party, and to Douglas County Bank & Trust <br />Co., as assignee of the Issuer (the "Trustee"); witnesseth: <br />That the Company in consideration of the sum of One <br />. Million Five Hundred Fifty Thousand Dollars ($1,550,OOO) loaned to <br /> <br /> <br />it by the Issuer pursuant to a certain Loan Agreement (the <br />"Agreement") dated as of December 1, 1993, between t.he Issuer and <br />the Company, and evidenced by a certain Note in the principal sum <br />of One Million Five Hundred Fifty Thousand Dollars {$1,550,OOO} <br />(the "Series 1993 Note"), dated as of December 1, 1993, due <br />December 1, 2018, unless sooner paid, bearing interest thereon in <br />accordance with its terms, i.ssued by the Company and payable to the <br />Trustee under the Indenture of Trust dated as of December 1, 1993, <br />between the Issuer and said Trustee (the "Indenture:I), d:)ES hereby <br />by these presents sell, convey, and mortgage ilnto the Issuer a <br />first mortgage lien in and to the real estate, easements, rights, <br />and interests situated in Hall County, Nebraska, and described in <br />Exhib':"t B-1 attached hereto and made a par'.: hereof (the "Land") <br />together with all buildings, additions, and improvements now or <br />contemplated to be constructed thereon, pursuant to the Agreement <br />(the "Building") together with: <br /> <br />* of< * * * <br /> <br />THIS INSTRtn>1ENT IS 1\ CONSTRUCTION SECURITY AGREEMENT WHICH SECURES <br />AN OBLIGATION WHICH THE COMPANY HAS INCURRED FOR THE PURPOSE OF <br />VtAKING )':IN IMPROVEMENT OF THE REAL ESTATE DESCRIBED ON EXHIBIT B-1 <br />ATTACHED HERETO JiliD INCORPORATl:~D HEREIN BY THIS REFERENCE. <br /> <br />.. <br /> <br />