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<br />WHEN RECORDED MAil TO: - Fi"(Jt- NGc Title. -Jec bdot-.J
<br />KeyBank National Association
<br />Mail Code: ID-56-PC-0125
<br />431 Parkcenter Blvd. - P.O. Box 5278
<br />Boise. ID 83705
<br />
<br />5";< . 50
<br />
<br />FOR RECORDER'S USE ONLY
<br />
<br />11111111111111111111111111111111111111111111111111111111
<br />
<br />*18180512220500000000010G03*
<br />
<br />MORTGAGE
<br />
<br />THIS MORTGAGE dated February 27. 2008. is made and executed between Grand Island Mobile Home
<br />Community. lllP. Vested as: Grand Island Mobile Home Community limited Partnership. A Colorado limited
<br />Partnership. whose address is 2 West Dry Creek Circle. Suite 200. littleton. CO 80120 (referred to below as
<br />"Grantor") and KeyBank National Association. whose address is 1675 Broadway. Denver. CO 80202 (referred
<br />to below as "lender").
<br />
<br />GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to Lender all of Grantor's right, title, and interest in
<br />and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and
<br />fixtures; all easements, rights of way, and appurtenances; all water, water rights, watercourses and ditch rights (including stock in utilities
<br />with ditch or irrigation rights); and all other rights, royalties. and profits relating to the real property, including without limitation all
<br />minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall County County. State of
<br />Nebraska:
<br />
<br />All that portion of lots 2 through 15. inclusive. lying East of the East boundary line of Bellwood Drive. in
<br />Matthews Subdivision and lying South of the Southerly boundary line of Roush Subdivision. all in the City
<br />of Grand Island. Hall County, Nebraska. according to the recorded plat thereof. And
<br />lot 2. Burch Third Subdivision to the City of Grand Island. Hall County. Nebraska.
<br />
<br />The Real Property or its address is commonly known as 2323 Bellwood Drive. Grand Island. NE 68801. The
<br />Real Property tax identification number is 400028883.
<br />
<br />CROSS-COLLATERALIZATION. In addition to the Note, this Mortgage secures all obligations, debts and liabilities, plus interest thereon, of
<br />Grantor to Lender, or anyone or more of them, as well as all claims by lender against Grantor or anyone or more of them, whether now
<br />existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not
<br />due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Grantor may be liable
<br />individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon
<br />such amounts may be or hereafter may become barred by any statute of limitations, and whether the obligation to repay such amounts
<br />may be or hereafter may become otherwise unenforceable.
<br />
<br />Grantor presently assigns to lender all of Grantor's right, title, and interest in and to all present and future leases of the Property and all
<br />Rents from the Property. In addition, Grantor grants to lender a Uniform Commercial Code security interest in the Personal Property and
<br />Rents.
<br />
<br />THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY,
<br />IS GIVEN TO SECURE (AI PAYMENT OF THE INDEBTEDNESS AND (BI PERFORMANCE OF ANY AND All OBLIGATIONS UNDER THE
<br />NOTE, THE RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />
<br />PA YMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor shall pay to Lender all amounts secured by this
<br />Mortgage as they become due and shall strictly perform all of Grantor's obligations under this Mortgage.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that Grantor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />
<br />Return To: T- ~'11 b8 ~5 j
<br />First Nebraska Title
<br />Attn: Lisa
<br />2425 South 120lh Street
<br />Omaha, NE 68144
<br />
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