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79- i~US'7~i$ ~ , ~ ~
<br />This Indenture, Made by ana between pUD SUPER 8 MOZ'Ei , L^IC. , a Nebraska ,Corporation ., .. _ -
<br />_~.-_-_ -_- Y.____-____-_~-____r whether ore or more hereinafter referred io as mortgagor
<br />and THE OVERLAND NATIQNAL BANK OF GRAI-~ IBIANT?, Grand Island, Nebraska, hereinafter
<br />referred to as Sank
<br />'i"ne Mortgagor for and in consideration of t$..~SQ.t.000.00 ~ ------------'"-"'---.`_~.._-.-__..._ „_. ___-_
<br />SEVEN H[JNDRED FIFTY THOUSAND AND NO/1.00-------'-------------{~4S,I.fiRS. *~aid by the bank.
<br />the receipt whereof is hereby acknowledged, has Brat, t: c. :,arzained. sold and conveyed, and by the presents, does grant,
<br />bargain, sell and convey, unto said bank, the follu,iing described real raperty .vrtuzied in the County of Hall
<br />and State aF Nebraska, tarsi-it:
<br />A `rest of land arnprising a part of Iot Twenty Five (251, Matthews Subdivision in the
<br />City of Grand Island, Nebraska, more particularly-described on the reverse of this mortgage
<br />AND
<br />all affixed items such as engines, boilers, elevators and machinery and all heating apparatus,
<br />= electrical equigt~r?t, air-conditioni.IxJ t ~n,~-~nt, water and gas fixtures and all fixtures
<br />of ~.;eLy description placid or used on the premises or appurtenant thereto
<br />tagether with all the tenements, Hereditaments and appurtenances r.; >he same belorgin¢, and a!t the estate, tir}e, claims and
<br />demands whaEscever cf the mortgagor ef, in nr to sate pramisea or arp part, thereof; and seid martgagor does hereby cov-
<br />e, ant, that the mortgagor is la,cdut:p seized of said nrem;;es, that .aid premises are free :ram incumbrance and mortgagor
<br />wi}1 warrant and defend the title to said p e!ni.=,es against the claims ar %iemanus o_ .iii persors whomsoever.
<br />PR.O~'IDED AL~'.'AFS, and t}:ese F. ~ese^.ts era upan these rorditiors:
<br />R'HF.REAS, the mortgs¢ar has executed and deLvered to the $ank _____ a._ GYS~ali2_._....._....__ ...... pmmissorp sate
<br />datsr2+xtober 12, 1979, for $750,000.00, with interest at the rate of 11.25$ ~ annum, which
<br />note calls for 240 months payments of which the first i20 nnnthly payments will be for
<br />$8,090.63 each applied fYl.rst to accrued interest and the balance to principal ccxinwncing on
<br />Z0, 1.79; then, t;cing on Nova[}ber 10, 1989, ltnnthly ppaayments>wil~ b~ for
<br />$7,39 79 each, applied flrst to ac~u:y3 interest aril the balance to priicipal, with the final
<br />payment being ~tla_ to the entire unpaid principal balance plus acczued urte~~~ ~Z999.
<br />and has agrees Lc maia:ai^. ?'ire. w,nrstcr^: a -s±erdec r.:,-era~;e ,rsaran:~e on sa;a crvn:ists is amount 8?Ti32 i
<br />camparies anproveo °_ . Dark s_... :an?ard ^.ortcaee ciacses ~., l:ic-h nehcies shat; !x delivered to the bank, and has
<br />agreed to pap at`.:axes and assrssme.^. L= .. .=~e a~a:nst`said nremise.~ e;ore the ssn:e ^z.on;e relincuent and to maintsin said
<br />premises.
<br />'_ti aa:, there*_'ore, if t:.^.e r::.?rigs~-~ r >...... ;<•mp:v u-,. _.. ;=Il e± ;he nrni ~si:ms of ss.._ rote and the pro,vions hereof, then
<br />t}tea2 prC; 2n i5 shsil bE .;,,: ant ,'~~: d.
<br />however, s the above rote a.^.~~ ;ntrre<: ~ -. _ ^r ar.~ r.apr.,encs called icr ik:erenn are rot peed when due cr if any
<br />of the cavenants of this in,*. rume:a a .,: -:n1 ~c -.-ah 2he oar, k, or the holder Hereof, a; its option may dtrlare the re-
<br />maining trzlsnee of laic irde^xednecs ~' :: rd rsc,.i~ir~ and n:ap a;aintain ar, sctio^ at :au~ or in equity to recover all amounts
<br />doe and enfc>rc=. the pro, Gans he-ec::::.. .... =-c,.~t .. _..a .-ai}era - :norcga¢o* -.ain:ain ~hc premes, or to maintain
<br />insurance as is aix.•r. pray=.ded L.. ~.. .. sues ., -. ssm ents,~the ho?der hereof r,ac asvance the snm ar sums recessarp
<br />to oixain romp}isnce and >>ch a:..=_.._ _.a.. br ac dednto~t.__ an:aunt due -_., the ah?re r.,es*.ioned note and bear interest at
<br />the high=_st legal rate.
<br />IT IS FL-RTIiER _~1isFEEP. ' s r.:nrt_ace - constitute retire r--~renf, t..u mertga ¢e is security for na*_ arly
<br />the amount adra^.ced concurre..^.*.ir sit!: tDe- r.,~,.,_ ~ ~- let a;; ~; azure adcanr e^s •a~... b n:ac he made at the option of the
<br />parties or th>_±* assign ap .. - a- e, .. ~ .r- .' _a_are, to }e , ,s ad,-tr+ces original}p made here-
<br />nnder. Fut-the: nea.e -- ~ !~s i.a ha:~• - ._..,,- :' -ash ~Io ~~ a,e .:o •m. .r.ter-c, ra':-. payment, maturity,
<br />penalties. and ether tears shaft rot; _rren: ~. .. _~~e~-titian : _...... .. ,..,: .. ;, rt~ra¢~e.
<br />IT iS F;=RSA£R Y~,fiEFD ;^a~ '~a a-. :in~~ _.. _ .a : ..,} ~...Yxec ;~~::eo ~. r.c . tn;s :nort€age or tint debt
<br />secu.^ed thereby. to€ether n..'i. a?c "2^er 's<.: ., as.._n.~..:_ ~!:,_t ..al ~ e - .' t..e La>..~: ;r \ehrarks, agaist the
<br />said '_NaKgag ; ih- ~..._..r, _. ,. r ~. .. ......_ ._ ,..... ... ... -__.
<br />IT :S Ft ::T}i E?: ai;R£EL.: .,. .. -: ort sage .._ . _ .z .-~ ..:..~ :nr uhtch .:air n,~rcgage is
<br />given as security, _. arl' Far::F.-. -... -.:.u - .:-,: a... _: .~,:e ~..r.` !• _ -..;.., ~.r ,_,-...a. .=a the real
<br />es+zte hrreir. e.~s.. irrd.. _. __.-. ., :..r _e:.. -. a, r ? __ r. .., . ,. : a~a o, ;tats , r any
<br />par t}:eret--_. ikm and --i~. _- ,-. - .. ,- _ - ~... .. .. ... _ .< „ct rand intamst,
<br />of Lh_ Lv't2 S ,'ar e;^. FP r[ \ ... .. _. .. c : . ,.: ..,.: - ... .. - ' a ;.Cre8f:er, na[
<br />be oecapied i•~ ,rt¢aE ._..._ .. - -... _ .,... .... .. ._.._ ...., a .-, ~i t-err«„f :, {ern the
<br />reHPant =_hall ?,.- saffi: r.. .. .._ - , -. .. ,,~ -•., _; a, ~. ,~ ~at~ .. ,.. .. e tc r_:xde ie
<br />Signed Lzn- - ,nth .:a :' `v'Ctf`lber i9~~.
<br />Ir. rre>-..r :.: f 1<k~ ST.Pr'Tt $ ?•L7P~' _..
<br />- - ~ __..
<br />- -.._ _. _ -- ~ c~~--~ .= Ill `,~~~---~~1 SECretarX.
<br />--- ,
<br />STATE OF_... __ ,-- ~- -- :~
<br />'waver. to tie t, i>e t}:r tdenr:.ai _ .. ... ... --.. -r -, cr;-~. - . . _ner .. ......... .. ~ _, -,r, ,,,:en t}:erx-
<br />of io be his, h_ cr ti a+r coiar•_ :^a~z ~: -' .
<br />~S'i*atss my hand and nataria: seat :::. -,
<br />xy commissian expires:.... \".:tar•r Fnb}it°.
<br />STATE OF ._..._......- -.._ - -.. Entered _..
<br />~.. .umer:cn:, ,,:;ex and etied f•.;r record
<br />ss.
<br />uat -........,-_ _ ._ ~ ae Re
<br />p - __ - -..
<br />- ter :=f DFeus (7ff.r, of sad C`aunty the
<br />._.-._.......__-.......dap o£_..__. _.._ 'y - a;. o'~n,k sn:i m::vn e 9f..
<br />aad recorded in ;3oak__-. .. -. ~! at nsee
<br />- -- --. .Req. of Deeds
<br />RY - Depucp
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