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<br />~9-~ ~+t3~35492
<br />REAL 'ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That, Wilson Trailer Sales of Nebraska, Inc., a corporation duly organized and
<br />existing u^der the laws of the Mate of Nebraska, as mortgagor, in consideration
<br />of FOUR HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($475 000 00), in hand
<br />paid, do hereby grant, bargain, sell and convey unto The First National Bank of
<br />Grand Island, Grand Island, Nebraska, a banking corporation of Grand Island, Hall
<br />County, Nebraska, as mortgagee, the following-described real estate situated in
<br />Hall County and State of Nebraska, to-wit:
<br />A tract of land comprising a part of the Southwest Quarter of the
<br />Southwest Quarter (SW~y SW~y) of Section Eleven (11), Township Eleven
<br />(11} North, Range Nine (9} West of the 6th P.M., in Hall County,
<br />Nebraska more particularly described as follows: Beginning at the
<br />intersection of the Northerly right-of-way of U. S. Highway ido. 30
<br />with the East line of said Southwest Quarter of the Southwest Quarter
<br />(SW's SW~); thence Southwesterly along said right-of-way line, a
<br />distance of Three Hundred Thirteen and Thirty-Eight hundredths
<br />(313.3$) feet; thence deflecting right 115°28' and running northerly,
<br />G LLlti lilLlL:C V1 Tll11L RUtl(1L C(1 Gl~llt (4VV.Vj LCCt; tiiCULC 11G11«tillg
<br />rigY.t 60°7'30" and running northeasterly, a distance of Three
<br />Hundred Twenty Six and Sixty Five Hundredths (326.65) feet, to a
<br />point on the East line of said Southwest Quarter of the Southwest
<br />Quarter (SW~ SW~}; thence Southerly along the East line of said
<br />Southwest Quarter of the Southwest Quarter (SW~ SW~), a distance of
<br />Four Hundred Thirty Six and Th*ee Hundredths (436.03) feet to the
<br />place of beginning and containing 2.741 acres more or lass;
<br />and
<br />A tract of land comprising a part of the Southwest Quarter of the
<br />Southwest Quarter (SW3t SW's) of Section 11, Township 11 North,
<br />Range 9 West of the 6th P.M., Hall County, Nebraska, described as
<br />follows: Beginning at a point on the northerly right-of-way line
<br />of U. S. Highway No. 30. said point being 313.38 feet southwesterly
<br />from the intersection of said right of way line with the East line
<br />of said Southwest Quarter of the Southwest Quarter (SW's SW"~); thence
<br />~Sauthwesterly along said right of way line, a distance of 250.@ feet
<br />thence deflecting right 115° 28" and running Northerly, a distance of
<br />408.0 €eet; thence Northeasterly parallel to said right of way line,
<br />a distance of 250.0 feet, thence deflecting right 115° 28° and Funning
<br />southerly a distance of 408.0 feet to the place of beginning and
<br />ca~',~taining 2.114 scree mono ar less,
<br />together with all improvements thereon, including all boating, gas and plumbing
<br />apparatus and fixtures and appurtenances thereunto belonging; and all covenants
<br />sad all title deeds running with such lands; and all rents, issues and profits
<br />arising therefrom after default in performance of any covenant and condition
<br />herein contained; the intention being to convey hereby an absolute title in fee
<br />simple and to convey all and every right, title and interest of such Wilson
<br />Trailer Sales of Nebraska, Inc., a 4orporation, in and to such real property.
<br />The mortgagor does hereby covenant with the mortgagee, its successors or assigns,
<br />that it is lawfully seized of said premises; that such premises are free from
<br />encumbrances, except as herein stated, and that they will warrant and defend
<br />said premises against lawful claims of any and all persons whomsoever.
<br />To have and to bald the premises above-described with all improvements therAon,
<br />including all hating, gas and piumbi.ng apparatus and fixtures and all appurtenances
<br />thereunto belonging unto the said The First National Bank of Grand Island, Grand
<br />Island, Nebraska, and to its successors or assigns forever, provided always, and
<br />these presents tyre upon the express condition Chat if the said mortgagor, its
<br />successors or assigns, shall pay or cause to be paid to The First National Bank of
<br />Grand Island, Grand Island, Nebraska, its successors ar assigns the sum of
<br />FOUR HUNDRED StsVENTY-FIVE THOUSAND AND NO/1fl0 DOLLARS L$475j000.00, plus interest
<br />at Ode and One-Half Per Ceat (lax) above the grime lending rate of The First
<br />National Bank of Grand Island, to be adjusted annually on the annual anniversary
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