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THIS INDENTURE, made this a`kl day of fy),, <- �-- , 2005, between SEC
<br />Accommodator XXIX, LLC, a Nebraska limited liability company, Mortgagor, and the City of
<br />Grand Island, Nebraska, Mortgagee.
<br />WITNESSETH, that Mortgagor, in order to induce Mortgagee to enter into that certain
<br />Development Agreement of even date herewith ( "Development Agreement ") between Mortgagee
<br />and Standard Iron, Inc., a Nebraska corporation and the Demeules Family Limited Partnership, a
<br />Minnesota limited partnership and to secure the payment and performance of the Mortgagor's
<br />obligations pursuant to the Mortgagor's guaranty of even date herewith granted in favor of the
<br />Mortgagee (the "Guaranty "), does hereby convey unto Mortgagee, forever, real property in Hall
<br />County, Nebraska, described as follows:
<br />Lot One (1), Platte Valley Industrial Park Fourth Subdivision, in the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all hereditaments and appurtenances belonging thereto (the "Propert y ").
<br />MAXIMUM LIEN. Notwithstanding anything to the contrary herein, the maximum
<br />indebtedness secured by this Mortgage is Five Hundred Thousand and No /100 Dollars
<br />($500,000.00).
<br />TO HAVE AND TO HOLD THE SAME, to Mortgagee forever. Mortgagor covenants with
<br />Mortgagee as follows: That Mortgagor is lawfully seized of the Property and has good right to
<br />convey the same; that the Property is free from all encumbrances, except as follows: easements,
<br />covenants and restrictions of record, if any, an existing first mortgage ( "First Mortgage ") and the
<br />encumbrances set forth on Exhibit A hereto, that Mortgagee shall quietly enjoy and possess the
<br />same; and that Mortgagor will warrant and defend the title to the same against all lawful claims not
<br />hereinbefore specifically excepted.
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<br />MORTGAGE REGISTRY TAX DUE HEREON:
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<br />THIS INDENTURE, made this a`kl day of fy),, <- �-- , 2005, between SEC
<br />Accommodator XXIX, LLC, a Nebraska limited liability company, Mortgagor, and the City of
<br />Grand Island, Nebraska, Mortgagee.
<br />WITNESSETH, that Mortgagor, in order to induce Mortgagee to enter into that certain
<br />Development Agreement of even date herewith ( "Development Agreement ") between Mortgagee
<br />and Standard Iron, Inc., a Nebraska corporation and the Demeules Family Limited Partnership, a
<br />Minnesota limited partnership and to secure the payment and performance of the Mortgagor's
<br />obligations pursuant to the Mortgagor's guaranty of even date herewith granted in favor of the
<br />Mortgagee (the "Guaranty "), does hereby convey unto Mortgagee, forever, real property in Hall
<br />County, Nebraska, described as follows:
<br />Lot One (1), Platte Valley Industrial Park Fourth Subdivision, in the
<br />City of Grand Island, Hall County, Nebraska.
<br />together with all hereditaments and appurtenances belonging thereto (the "Propert y ").
<br />MAXIMUM LIEN. Notwithstanding anything to the contrary herein, the maximum
<br />indebtedness secured by this Mortgage is Five Hundred Thousand and No /100 Dollars
<br />($500,000.00).
<br />TO HAVE AND TO HOLD THE SAME, to Mortgagee forever. Mortgagor covenants with
<br />Mortgagee as follows: That Mortgagor is lawfully seized of the Property and has good right to
<br />convey the same; that the Property is free from all encumbrances, except as follows: easements,
<br />covenants and restrictions of record, if any, an existing first mortgage ( "First Mortgage ") and the
<br />encumbrances set forth on Exhibit A hereto, that Mortgagee shall quietly enjoy and possess the
<br />same; and that Mortgagor will warrant and defend the title to the same against all lawful claims not
<br />hereinbefore specifically excepted.
<br />745144v1
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