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$5... 00455 MORTGAGE AND SECURITY AGREEMENT THIS MORTGAGE AND SECURITY AGREEMENT (the "Mortgage "), made and entered into as of September 1, 1985, by and between Bradford Real Estate Corporation, a Pennsylvania corporation (the "Borrower "), as mortgagor, and the County of Hall, Nebraska, a body politic and corporate existing as a governmental subdivision under the constitution and laws of the State of Nebraska (the "Issuer "), as mortgagee. WITNESSETH: WHEREAS, the Issuer is a body politic and corporate, duly organized and existing as a governmental subdivision of the State of Nebraska (the "State ") under the Constitution and laws of the State and is authorized and empowered by the provisions 'of Section 2 of Article XIII of the Nebraska Constitution and by the provisions of Article 16 of Chapter 18 of the Reissue Revised Statutes of Nebraska, 1943, as amended (together the "Act ") to finance (as that term is defined in the Act) the acquisition, construction, rehabili- tation, or purchase of one or more "Projects" (as that term is defined in the Act) located in a "blighted area" (as that term is defined in the Act); and WHEREAS, the Issuer is also authorized by the Act to issue and sell its industrial development revenue bonds for the purpose of defraying the cost of financing any project or projects, consisting of land, buildings, or other improvements and all real and personal properties deemed necessary in connection therewith which are suitable for any enterprise, including, but not limited to, profit or non - profit commercial, business, governmental, or multifamily housing enterprises, and is further authorized to pledge the revenues as herein provided to secure the payment of the principal, premium, if any, and interest on its industrial development revenue bonds; and WHEREAS, pursuant to and in accordance with the provi- sions of the Act and pursuant to the terms of the Indenture of Trust (the "Indenture ") dated as of September 1, 1985 between the Issuer and Pittsburgh National Bank, Pittsburgh, Pennsylvania (the "Trustee "), the Governing Body of the Issuer has adopted a bond resolution (herein called the "Bond Resolution ") authorizing the issuance by the Issuer of its Industrial Development Revenue Bonds -- Series A and B, 1985 (Bradford Real Estate Corporation Project) (collec- tively, the "Bonds ") to provide funds for the purpose of defraying all or a portion of the cost of (i) acquiring certain real property situated in Grand Island, Nebraska (herein called the "City "), more particularly described in L X X