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<br />loan No: 1
<br />
<br />MORTGAGE
<br />(Continued)
<br />
<br />200802130
<br />
<br />Page 8
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<br />substances, materials or waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also
<br />includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos.
<br />
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures, mobile homes affixed on
<br />the Real Property, facilities, additions, replacements and other construction on the Real Property.
<br />
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses payable under the Note
<br />or Related Documents, together with all renewals of, extensions of, modifications of, consolidations of and substitutions for the Note
<br />or Related Documents and any amounts expended or advanced by Lender to discharge Grantor's obligations or expenses incurred by
<br />Lender to enforce Grantor's obligations under this Mortgage, together with interest on such amounts as provided in this Mortgage.
<br />Specifically, without limitation, Indebtedness includes all amounts that may be indirectly secured by the Cross-Collateralization
<br />provision of this Mortgage.
<br />
<br />Lender. The word "Lender" means KeyBank National Association, its successors and assigns.
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<br />Mortgage. The word "Mortgage" means this Mortgage between Grantor and Lender.
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<br />Note. The word "Note" means the promissory note dated February 27, 2008, in the original principal amount of
<br />$1.000.000.00 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of,
<br />consolidations of, and substitutions for the promissory note or agreement. The maturity date of this Mortgage is March 10, 2010.
<br />NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE INTEREST RATE.
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<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal property now or
<br />hereafter owned by Grantor, and now or hereafter attached or affixed to the Real Property; together with all accessions, parts, and
<br />additions to, all replacements of, and all substitutions for, any of such property; and together with all proceeds (including without
<br />limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Property.
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<br />Proparty. The word "Property" means collectively the Real Property and the Personal Property. The word "Property" also includes all
<br />mobile homes, modular homes, and similar structures, now or hereafter situated on the Real Property, and such structures shall be
<br />and shall remain Personal Property regardless of whether such structures are affixed to the Real Property and irrespective of the
<br />classification of such structures for the purpose of tax assessments. The removal or addition of axles or wheels, or the placement
<br />upon or removal from a concrete base, shall not alter the characterization of such structures.
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<br />Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this Mortgage.
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<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
<br />agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other
<br />instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
<br />
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and other benefits derived
<br />from the Property.
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<br />GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MORTGAGE, AND GRANTOR AGREES TO ITS TERMS.
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<br />GRANTOR:
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<br />GRAND ISLAND
<br />
<br />
<br />COMMUNITY. LLLP
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