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<br />83- 001639
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<br />MORTGAGE WITH ASSIGNMENT OF RENTS
<br />
<br />This mortgage made and entered into this ~ day of
<br />. . April , 1983, by and between Nebraska Hil-Nic, Inc.
<br />(hereinafter referred to as mortgagor) and National Bank of
<br />Commerce Trust & Savings Association, Lincoln, Nebraska
<br />(hereinafter referred to as mortgagee), who maintains an office
<br />and place of business at Lincoln, Nebraska.
<br />
<br />WITNESSETH, that for the consideration hereinafter stated,
<br />receipt of which is hereby acknowledged, the mortgagor does
<br />hereby mortgage, sell, grant, assign, and convey unto the
<br />mortgagee, his successors and assigns, all of the following
<br />described property situated and being in the County .of Hall,
<br />State of Nebraska:
<br />
<br />All of Lot Two (2) and the Westerly Ninety-Two (92) feet of Lot
<br />Three (3) Mil Nic Addition to the City of Grand Island, Hall
<br />County, and
<br />
<br />An easement over the following described parcel .of real estate
<br />situated in Grand Island, Hall County, Nebraska:
<br />
<br />Commencing at the northeast corner of Lot One
<br />Mil-Nic Addition thence southerly a distance
<br />of Sixty Feet (60') along the east boundary
<br />of said Lot One (1), thence northwesterly
<br />across Lot One (1) Mil-Nic Addition to a
<br />point on the northerly boundary line of said
<br />Lot One (1) which point is Sixty Feet (60')
<br />west of the northeast corner of said Lot One
<br />(1) thence easterly along the northerly
<br />boundary line of Lot One (1) to the point of
<br />beginning.
<br />
<br />(hereinafter referred to as the "Realty").
<br />
<br />TOGETHER WITH all buildings, all fixtures including but not
<br />limited to all plumbing, heating, lighting, ventilating,
<br />refrigerating, incinerating, air conditioning apparatus, and
<br />elevators (the mortgagor hereby declaring that it is intended
<br />that the items herein enumerated shall be deemed to have been
<br />permanently installed as part of the Realty), and all
<br />improvements now or hereafter existing thereon; the hereditaments
<br />and appurtenances and all other rights thereunto belonging, or in
<br />anywise appertaining, and the reversion and reversions, remainder
<br />and remainders, and all rights of redemption (hereinafter
<br />referred to collectively as the "Improvements and Fixtures").
<br />
<br />TOGETHER WITH all rents, income, receipts, revenues, issues,
<br />profits, and other income of any nature now due or which may
<br />become due or to which mortgagor may now or hereafter (including
<br />any income of any nature becoming due during any redemption
<br />period) beco~e entitled to, or make demand or claim for, arising
<br />or issuing from or out of the Realty, Improvements and Fixtures
<br />or any part thereof (hereinafter referred to collectively as the
<br />"Cash Collateral".
<br />
<br />TOGETHER WITH all the estate, interest, right, title,
<br />reversions, remainders and other claims or demands, including
<br />clai~s or demands with respect to the proceeds of insurance in
<br />effect with respect thereto, which mortgagor now has or may
<br />hereafter acquire Or own in or with respect to the Realty,
<br />Improvements and Fixtures, and any and all awards made for the
<br />taking for eminent domain, or by any proceeding or purchase in
<br />lieu thereof, of the whole or any part of the Realty,
<br />Imp,!:O'lle!l1ents and Fixtures.
<br />
<br />TO HAVE ~D TO HOLD all of the foregoing, which shall be
<br />referred to. collectively as "Mortgaged Property", together with
<br />all the rights, estates, powers and privileges or pertinent or
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