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<br />83-004025
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<br />REAL ESTATE MORTGAGE
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<br />01
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<br />THIS MORTGAGE. made this 11th (jay 01 February 19 83 . between
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<br />FARMERS UNION COOPERATIVE ELEVATOR ASSOCIATION OF GRAND ISLAND, NEBRASKA
<br />1140 South Lincoln, P '~eb~~~k~00'6~8Md Island, organized and eXisting under the laws 01 the Stale
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<br />Nebraska
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<br />WHERf.AS. Mortgagor's obllgallOn 10 repay any "1ans ma<le by Mortgagee to Mortgagor WI" be evldenceCl by said loan Agreement. by
<br />one Of more Supplemenls to said Loan Agreement and by one ormo;e Demand PromlSsmy Notes aggregaung In principal amounts the amount of
<br />money _h tne Mortgagee has commueCl 10 <end 10 the Mortgagor (wtlich such Demand Promrssory Notes are helllffta1ter ",dividually and
<br />colleclMlly ,etem;d to as rhe 'NoIe") and. ," add.l"'" 10 lhe ("Ibl!gahoolo repay the torego>"1Q Gescrlbed loans. Mortgagor flaS other inaebredooss,
<br />liabilities and obliga1<<)1'lS 10 MOrtgagee as 'S prov~ '" 5aJd l W1' A{Jteement and saKI Supplements 10 5aJd loan Agreement
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<br />WHEREAS. Irom '.me 10 1....... aU.., I"" date hefrot 'It lhe (tolKlfl 01 !he Darr"",. Mortgagor and Mortgagee may enler into one or mole
<br />Su~s to s$d -loan- AgreemerJ 10 prO....ide f()f the Mortgagee makl<WJ addlllOl'181 foans to 1~,e ,.J(H1ga-;}Of and Changmg the other obkgabOnS of
<br />Mortgagot 10 Mortgagee PROVIDED HO\\lEVER THIS RECITAL SHALL NOT CONSITUTf A COMMITMENT TO MAKE ADDITIONAL LOANS IN
<br />ftN'f AM()UNT
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<br />ViHEREAS. Mortgagor-s ~ano.'1 to fepay au !uttite lOans ;JOOthor.a1 advances ana if'lCrea5eO aovances other than those made tn
<br />aCCO<<l.91\Ce with the Loan Agfeernern ana t)flu Dr fr\,.'1ff:- SuWjerne01<; datee (,;n .Jr OOff'~ the date hef"wf. iAiU be elftdenced by s.aid Loan
<br />Agreement. by one Of l'11Offi Supofemerns. to s.aKJ Loan Agreement anO by one Of rTh..:r~ Demand Pr()rtllssory Notes
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<br />WHEREAS, Mortgagor ~es !O m~)rtgage l.r;e rea} e-state aescr~.be;j h;-~e'f\ :c secure the oaynmnt 0'f an of Mortgagor's Hldebtadness,
<br />t,abt1dte5 and oDb.gat-f{)fl$ to Mortgagee_ ;r)(Jlli1Ing me !n{..~bt€{ine-ss, j,abih!te-s ana 8bll9at~ons eV-Ioeoced by- $atd Loan Agreement and one or morn
<br />~s- to s.atd Loan ~'t:t_ antj &1' ~ c.t l1"l>..."'1fe Derr-.a-nd ProrntSSDfY Notes Gated on or t1€fon~ the- date hefoot ana toctudtog af! f-uture
<br />toans, aadrttoNIi advances f~1C1easeo ;:Kt-.;ances an".-:t aU !iJfjjfU lnaebtoorwss ',abikhe-s ar.Q ObtlgatKmS c,r ~iortgagQ( to r..-4ortgagee, eVIdenced by
<br />saKi Loafl AgtOOf'fteflt and n-y -one (.r rfX~ Sv-L.'>P.;e.'T~'S ,on saKi Loan AqfOO-meflt ana by (){)€ or rn.,.'"1fp Demand Pformssofy Notes ffated after the
<br />tIale he<eO!
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<br />NOW fHfREf-ORE. ~\)1 and ,,1 Ct;}t'l5.(Jefa;:t(m of H)U ~'I'~!W-5 ar~j ~r-.e .il;"1'1{",i-l;; ~~! !h.f? ;r>:=.ha: &j",afu..:e ptade k) Mortgagor ny ~'lortgagee In
<br />acc~e w;tn satd loon Aot~it 3<.a l1Ct$ Llf ~rJ()(e Su-W~f1tS It':-eWtO Ml(1 t~1 ,~.'J1.iC-t:' M.,"1rtgagt'€" t-() maM? ?vhJre af1\'ances to Mortgagor. In
<br />OIQet to. S\i'C-Utu me va~ o. iW c' ~gagfY or. ]r;d~ot~ \tab~~t>fl'S ,;;;.f10 "Jbr,qat\{X\s !,) \'~-I..:~rtgQQ~l ,n":Jud:H1g the Hl:oeotedn6'SS. uabllihes and
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<br />=~ ~~;:: at;:~~~ ~=s ~=::j ~~~a~:~~, !.:::;::~~;~7;;:1t:~~,.~~I{:1;~~:~~~r:~~~7:;:;:~:t:~ ~~~.::;;:;Offrl~~;;~ ~:~~
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<br />!f'lcuned pnot to
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<br />February 11. 1993
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<br />~r,*. DtlnC,~-d! ;):r7It:}j,W:! "1 ;"ij l" hh!-.;,:~~ ;'.i.~: '!i:2iu.:.1IJ'{..1 -SUtHS 8:dvaflCed to nrnlect the
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<br />~~er ~ Properly. st)$! f'd e:~tf@Q S. 25 j 000 ~ 000 ~ 00 rhe ~tg:.ago-! has BJlecut&:1 ana Oel-Wafed thiS mOr1gage
<br />arw:t ~ gran'-$... SlMI$ a.~ O::~T.my1 t-c sa#J Mottg~ II", !~~ aeMJl~~ ~)f;.;;pefty !c; "",t
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<br />All of the following described real ,"state in Hall County, Nebraska, to wit:
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<br />A tract of land comprisinjt <1 part ,'1 the South Half of the North-
<br /><'lSst Quarter of Section 21. TCl\mship 11 "OHit. Range 9 West of the
<br />bth P.M.. in Hall Count". "ebrask.a, mon, particularly described as
<br />follows: Beginning at the inte.rsection ,)f the centerline of
<br />Lincoln Avenue and the ceuter 1 ine of Fonner Park Road (also being
<br />the South line of said Northeast Quarter); thence Northwesterly
<br />along the centerline of said Lincoln Avenue, a distance of 976.25
<br />feet; thence deflect lng left 89u48' 30" and running Southwesterly
<br />parallel to the centerline of Ph~nix Avenue, a distance of 482,2
<br />feet to the centerline of Burlington :ionhern track No. B; thence
<br />deflecting left 89"58' and running Southeasterly along said center-
<br />line of track No. 33, a distance of 335.12 feet to a point of
<br />curvature; thence rWlning Southwesterly along said centerline of
<br />track No. 33, and on the arc of a curve whose radius is 763.95 feet
<br />(the long chord of .hich deflects 12u51' right from the last described
<br />course), a long chord distance of 342.18 feet to the Sout:t line of
<br />said Northeast Quarter; thence deflecting left 74"10' from said long
<br />chord, and running Easterly along the South line of said Northeast
<br />Quarter, also being the centerline of said Fonner Park Road, a dis-
<br />tance of 640.5 feet to the place of beginning, EXCEPT a tract de-
<br />scribed as beginning at the intersection of the cent~rline of Lincoln
<br />Avenue and the centerline of Fonner Park Road (also being the South
<br />line of said Northeast Quarter); thence Northwesterly along the center-
<br />line of said Lincoln Ave.nue a distance of 976.25 feet; thence deflecting
<br />left 89048'30" and running Southwesterly parallel to the centerline of
<br />Phottnlx Avenue a distance of 40 feet; thence deflecting left 90"11'30"
<br />and in a Southuatarly direction parallel to the centerline of Li.ncoln
<br />Av_ue II dllt1tance of 954.11 feet to a point on the South line of said
<br />NOrtMast Q\.&al'ter; thence deflecting left &1"05' 30" a.nd along the South
<br />11M of sa.1d MOrthllaet Quarter also being the centerline of Fonner Park
<br />!to.d, II d18t4nce of 45.&9 feet to the point; of beginning. and containing
<br />O.h6 4crfl#. Ii(Irfl or lell8.
<br />SUllJEtT 10 BASEMENts or RECOiW.
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