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<br />MORT&AGE
<br />The undersigned, G SQUARED, INC., a Colorado corporation,
<br />having an address of 623 South Locust, City of Grand Island,
<br />County of Hall, State of Nebraska, and JO3Y7 GQNDERSBN, herein
<br />referred to collectively as Mortgagor, do hereby sell,
<br />mortgage, and convey to SPRL`t~: OIL CORPL3RPTI01+1, having an
<br />address of F. O. Aox 5568, Denver Center Buildi;.q, City and
<br />Couat~ of Denver, State of Colorado, herein referred to
<br />as idurtgagee, bll of its estate, right, title and interest
<br />in, to and under any and all of the fallorinq described
<br />property, whether now owned, held or hereafter acquired: ,~
<br />1) All right, title and interest of llortgagoz in
<br />and to the leasehold estate sad interests created by and
<br />under that certain Lease dated October 24, 1974, as swdified
<br />and ascended, betreen Fred Mehring and Helen 1~hring, husband
<br />and rife, and Ted Jamson and Anne Janson, husband and rife,
<br />as Lessor, and Thunderbird Car mashes, Inc., and Terrlr D.
<br />Lindquist and Fred Olson, as Lessee, subsegaently assigned
<br />to Iortgagor, a true and correct copy of rhich is att3dsed
<br />hereto as Exhibit "A", enbracinq that certain plot, piece
<br />or parcel of land with buildings or improvements thereon
<br />erected or to be erected, situate, lying and being in the
<br />County of Hall, State of Nebraska, sore particularly desc-
<br />ribed in Exhibit 'B', attached hereto.
<br />Z) All right, title and interest of Mortgagor under
<br />the aforesaid Lsase-in and to the real estate and iaprave~senta
<br />thereby demised, rhether nor orned or hereafter acquired, and
<br />including, rithout limitation, any options to purchase the
<br />fee title to said real estate, or any part thereof, or am
<br />buildings oz improvements thereon.
<br />3} All modifications, extensions and renexals of
<br />the aforesaid Lease, and all credits, deposits, options.
<br />privileges and rights of the Mortgagor thereunder.
<br />To have and to hold all of the property unto Mortgagee,
<br />forever, and for the uses herein se*_ forth, to secure the
<br />performance of the obligation contained herein, a~ the
<br />payment of the principal and interest of the note dated
<br />februtr 2 1979, executed by lbrtgagor to Mortgagee
<br />~e s~One Hundred Eighty- Four Thousand seven
<br />Hundred Forty-Seven and Seventy-Nine One Hundredths Dollars(5184,747.79),
<br />bearing interest from the date thereof, at the rate of ten
<br />percent ilOt), payable on July I, 1979.
<br />Mortgagor covenants and agree:
<br />A) Said Lease is in full force and effect and no
<br />defaults, raivers or indulgences exist thereunder.
<br />B) Mortgagor will immediately give Mortgagee notice
<br />of nay detaalt uad~c said Lease sad rill deliver copies of
<br />any aosaplaiat of the Lessor Hader s:id Lease and or notice
<br />of default free said Lessor and any notice of any legal
<br />actions or groceedings vfiich gut it issue or are likely to
<br />put in issue or in anyway affect the title to or right of
<br />possession of the psewises.
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