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.~ ~ ~° <br />c~32..~.~}C~Q20`~ <br />receive a Promissory Note from v~7eathercraft Company of Grand <br />Island to the Mortgagee, William D. Livengood, said Promissory <br />Dote in- tlse principal. amount of Forty TF~ousand Dollars <br />{$4p;,0{]0_0t3) together with interest at the rate of twelve percent <br />(123 Per annum on any unpaid principal balance, hereinafter <br />referred to as the "Promissory Note"; and <br />D. w'fiEREAS, Mortg-ages is willing to enter into the. Pur- <br />chase Agreement and to accept the Promissory Note as paxtial <br />payment thereunder only on condition that alI of Weathercraft <br />Ct>mpany oaf Grand Island°s indebtedness is guaranteed. by Mortgagor <br />and. that Mortgagor execute and deliver this Ntortgage to the <br />Mortgagee to secure the Promissory Note and the total indebted- <br />Hess thereunder; <br />E. T7ow ~'IiEREE'oRE, ri;ortgagor, ir, order to induce Mortgagee <br />to accept the said Promissory Note of tn'eathercraft Company of <br />Grand Island as eonsideratior, for entering into the said Purchase <br />Agreement and: for the sale and purchase of capital. stock of <br />Z~leathercraft Company cf Grand Island and Livengoad's interest in <br />the Mortgagor, hereby guarantees the total indebtedness of <br />Weathercraft Company of Grand Island as evidenced by the Promis- <br />sort' Ne°te and executes and delivers this Mortgage for the benefit <br />of the-I+~ortgagee to secure performance of all the terms., condi- <br />bons., covenants, warranties and representations. of the. said <br />Purchase Agreement and to secure payment under and performance <br />of`the sad.Promissory Note_ <br />E..~ <br /> <br />