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<br />~,
<br />~_~~~:a ~lort~a~e
<br />Afade tkia 15th day of September ,Nineteen Hundred and
<br />Eighty (t9 8A,
<br />GRAND ISLAND MALL, LTD., a Nebraska limited partnership
<br />having offices located at 2228 North Webb Road, Grand Island, State of
<br />Nebraska
<br />herein called the "Mortgagor,"
<br />SRaa ASSET MANAGEMENT CORP. * a New Jersey Corporation, havittg
<br />its principal office at 25 East Salem Street, Hackensack, attd
<br />State of Neui Jersey,
<br />*formerly known as United Jersey Mortgage Company
<br />herein called the ":Mortgagee,"
<br />GV /TNESSETH
<br />~~ftl~Y. the, hortgagor is indebted to the Mortgagee in the sam of
<br />SEVEN HUNDRED THOUSAND AND NO/100 ($700,000.00)------------DOLLARS
<br />with inte¢at thereon from date kbereof . Y9t . evidenced by Hate of eroen date
<br />herewith pmvidinq for the payment of the principal and interest ¢s stated therein,~~R~@-
<br />~c~sawiaa0mt~~~ki711s+t X~f1t . el[~cQl<]OM~
<br />%s~efre~rtsd€PI~i~E'~es~s~txsat..sf3~'mCEx3~a~dZ~cs7~x
<br />Qi~~if~ilR~~7lCa~AE~I~iR~x<iac3~L~eittdt~lt~7kL7~l~lQLaflEt~ ~e 71~a~
<br />~~. ~ft(1[t. for tke better securing of the payment of the moneys owing on said
<br />note and all extensions and renewnla thereof and aubatitrtiona therefor, incl:oding other pay-
<br />manta mentioa~ therein for the protection of tke security as well as to secure the repayment
<br />of all future adraxtea that neat' be made by the .Mortgagee to the Mo#gagor with interest thereon
<br />as may from liana to lima be ¢greut upon, the Mortgagor has ,granted, bargained. sold ¢nd
<br />cona=eyed and bg these presents does gaunt, bargsin, sell seal convey to the :Mortgagee and to its
<br />~nee~ssora and assigns, ALL the following tra,et or parcel of land and pra~niaea in
<br />the City of Grard island YR . C'oernty of Hall and
<br />Sfate ofd Nebraska more particularly described in Exhibit "A"
<br />attached hereto and made apart hereof.
<br />Tksis Mortgage is subordinate to a certain mortgage of even date
<br />hereof given by the Mortgagor herein to Asset Management Corp. in the
<br />amount of $3,375,000.00, which mortgage is intended to have priority
<br />hereovex .
<br />This Mortgage is given pursuant to a certain Loan and Fund
<br />Agreement dated April 23, 33HG, as amended, by and between Peter M.
<br />Cassidy, as Buyer, and United 3ersey Mortgage Company, now known as
<br />Asset Management Corp., as Seller, a copy of which is attached hereto
<br />and made apart hereof as Exhibit C°1, which agreement was assigned
<br />by Peter M. Cassidy to C.3rt. Associates and further assigned by
<br />C.td. Iis:sociakra;. to Grand Island Mall, Ltd. , ail such assignments
<br />bBi:ng dt~ted as af- Septeatbsr 1, 3980, the terms of which
<br />Loan and Fund Agreement, as amended, are controlling with respect to
<br />pertain expenditures set forth therein and pursuant to which advances
<br />are to De made under this Mortgage and which shah survive this
<br />Koxigage, Any default under said Loan and Fund Agreement, as
<br />amended, shall be deemed a default hereunder.
<br />NTC:. 1918-t)Y t Lxw•M~!rmr caufrmM m..eheciak •~~~eu.ei he+vm +nA auW.. v: ~ 1»r..,.,~
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