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MORTGAGE FOR REAL PROPERTY
<br />This MORTGAGE, made by Centro de Vida Cristiana, of 2921 Roselawn Drive,
<br />Grand Island, Hall County, Nebraska 68801, Mortgagor (hereafter referred to as Mortgagor),
<br />to Heartland Baptist District, of 601 West 57`h Street, Sioux Falls, South Dakota 57108,
<br />Mortgagee (hereafter referred to as Mortgagee).
<br />WITNESSETH, That said Mortgagor hereby mortgages to said Mortgagee, the
<br />following described real property situated in the County of Hall and State of Nebraska, to wit:
<br />Lots Five (5) and Six (6) in Block Twelve (12) in John W. Lambert's Addition
<br />to the City of Grand Island, Hall County, Nebraska;
<br />also known as 1414 E. 6`h Street, Grand Island, Nebraska 68801;
<br />as security for the payment to said Mortgagee of the principal sum of Forty Thousand and
<br />no /100 Dollars ($40,000.00), and interest thereon at Five Percent (5 %) per annum from date,
<br />according to a certain Promissory Note executed by the parties hereto; the first payment of
<br />principal only in the amount of Four Thousand, Four Hundred Dollars ($4,400.00) is due and
<br />payable on November 1, 2004. A payment of Four Hundred Dollars ($400.00) principal and
<br />interest is due and payable on December 1, 2004, with identical, consecutive payments to be
<br />paid on the first day of each month thereafter until the entire principal and interest are fully
<br />paid, except that a final balloon payment of all unpaid principal and interest, if not sooner
<br />paid, shall be due and payable on the first day of October, 2011.
<br />SAID MORTGAGOR further agrees to pay all taxes and assessments that may be
<br />levied upon said premises, before the same shall become delinquent, and to keep the buildings,
<br />if any, upon said premises safely insured for the benefit of said Mortgagee in the sum of at
<br />least Forty Thousand Dollars ($40,000.00) against loss by fire and other casualty, and for
<br />personal injury and liability, and deliver a copy of the insurance policy(s) to said Mortgagee.
<br />The Mortgagee shall be named as one of the insureds on such policy(s).
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<br />00411012
<br />MORTGAGE FOR REAL PROPERTY
<br />This MORTGAGE, made by Centro de Vida Cristiana, of 2921 Roselawn Drive,
<br />Grand Island, Hall County, Nebraska 68801, Mortgagor (hereafter referred to as Mortgagor),
<br />to Heartland Baptist District, of 601 West 57`h Street, Sioux Falls, South Dakota 57108,
<br />Mortgagee (hereafter referred to as Mortgagee).
<br />WITNESSETH, That said Mortgagor hereby mortgages to said Mortgagee, the
<br />following described real property situated in the County of Hall and State of Nebraska, to wit:
<br />Lots Five (5) and Six (6) in Block Twelve (12) in John W. Lambert's Addition
<br />to the City of Grand Island, Hall County, Nebraska;
<br />also known as 1414 E. 6`h Street, Grand Island, Nebraska 68801;
<br />as security for the payment to said Mortgagee of the principal sum of Forty Thousand and
<br />no /100 Dollars ($40,000.00), and interest thereon at Five Percent (5 %) per annum from date,
<br />according to a certain Promissory Note executed by the parties hereto; the first payment of
<br />principal only in the amount of Four Thousand, Four Hundred Dollars ($4,400.00) is due and
<br />payable on November 1, 2004. A payment of Four Hundred Dollars ($400.00) principal and
<br />interest is due and payable on December 1, 2004, with identical, consecutive payments to be
<br />paid on the first day of each month thereafter until the entire principal and interest are fully
<br />paid, except that a final balloon payment of all unpaid principal and interest, if not sooner
<br />paid, shall be due and payable on the first day of October, 2011.
<br />SAID MORTGAGOR further agrees to pay all taxes and assessments that may be
<br />levied upon said premises, before the same shall become delinquent, and to keep the buildings,
<br />if any, upon said premises safely insured for the benefit of said Mortgagee in the sum of at
<br />least Forty Thousand Dollars ($40,000.00) against loss by fire and other casualty, and for
<br />personal injury and liability, and deliver a copy of the insurance policy(s) to said Mortgagee.
<br />The Mortgagee shall be named as one of the insureds on such policy(s).
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