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85' 00 -5403 MORTGAGE This Mortgage is entered into between Vanosdail Softball Fields, Inc., a Nebraska Corporation, herein called "Mortgagor ", and Jerome Niedfelt, herein called "Mortgagee ". Mortgagor is indebted to Mortgagee in the principal sum of $108,910.88 evidenced by Mortgagor's note dated October 21. 1985, herein called "Note ", providing for payments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on October 21, 1991. To secure the payment of the Note, with interest as provided therein the payment of all other sums, with interest. advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of the Mortgagor contained herein. Mortgagor does hereby mortgage and convey to Mortgagee the following described property located in Hall County, Nebraska: The Legal Description is attached hereto. marked Exhibit "A" and incorporated herein by this reference. Together with all buildings. improvements. fixtures, streets. alleys. passageways, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto. and the rents, issues and profits, reversions and remainders thereof; including, but not limited to. heating and cooling equipment and such personal property that is attached to the improvements so as to constitute a fixture: all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the "Property ". Mortgagor further covenants and agrees. with Mortgagee, as follows: 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. 2. Title. Mortgagor as the owner of the Property, has the right and authority to mortgage the Property, and warrants that the lien created hereby is a first and prior lien on the Property. 3. Taxes, Assessments. To pay when due all taxes. special assessments and all other charges against the Property and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby. such amount as may be sufficient to U L L J L J