|
~~ {} (i ~ ~ Q,~ SECOND REAL ESTATE ND}2TGAGE
<br />THIS l~DRTGAGE, made t#~is 24th day of November, 1980, by
<br />and between TOWN AND ^~4TNTRY 1tFAL'~fil -OF (~tAND ISLAND, INC. , a
<br />Nebraska corporation, hereinafter called the "Corporate Mort-
<br />gagor, and JERRY L. MRRTIN and M4RJORIE li. MARYIN, husband
<br />and wife, whose address is Route #3, Box 5 ~ Hastings,
<br />Nebraska 5$9:71 hereinafter called the MORTGAGOR" acid RA1ffD8L
<br />R, HDESEN, whose ar~re:s is G/o Radio Station IQ3RD, Clinton,
<br />Missouri 54735, hereinafter tailed the "MDRTGA(~8•.
<br />Preliminary Statement of Mortgagor
<br />For the purpose of securing the prompt and full gaymettt of
<br />a ot=rtain promissory note of even date between tlee parties in
<br />the ammunt of Ninety Thousand Five Hundred Twenty-five Dollars
<br />(590,525.00), hereinafter called the "NOTE", the MORTGAGOR has
<br />executed and delivered to MORTGAGEE the Note anal Mortgage. To
<br />secure the performance of all t3se covenants and conditions of
<br />this Mortgage and any other agreements securing the Note ("Secnr-
<br />irxl Agreements°), the ?~RTGAGOR hereby mortgages to l~iRTGAGEE,
<br />Randal $. Boesen, his heirs, personal regresentatives, sad
<br />assigns, all of their estate, right, title and interest in and
<br />to the following described real estate and properties, whether
<br />now oi+ned or hereafter acquired, and whether now or hereafter
<br />existing:
<br />Lots One (I), Two (2}, Three (3) and Four (4),
<br />in Lindsay Subdivision to the City of Grand Island,
<br />Hall County, Nebraska.
<br />Preliminary State of Corporate Mortgagor
<br />CORPORATE MORTGAGOR hereby warrants that it is a wrporation
<br />duly incorporated under the laws of the State of Nebraska and
<br />that it has full power and authority tx7 borrow :coney and execute
<br />thV Hots i.~s the anx~:snt of Ninety Thousand Five Hundred Twenty-
<br />five Dollars (}90,525.00) .and that it has :ull power and authority
<br />to gledvc aid ~nvey ;~: way of the :~o_•t~age all of its right,
<br />tit la and interest ~ the above dPSCZibed premises to secure the
<br />payment of the Note and the interest thereon.
<br />CORPORATE M7RTGAC~OR deems it necessary (i) to borrow money
<br />Ear its corporate purposes and to issue to MORTGAGEE on the date
<br />hereof the above described Note in the aggregate principal amount
<br />of Ninety Thousand Five Hundred Twenty-five Dollars (590,525.00)
<br />payable as provided in such Note with interest payable as pro-
<br />vided ire such Note at the rate of twelve percent (128) per annum
<br />on the unpaid principal balance until paid (the "NOTE°) , and
<br />(ii) ~ martgaye and pledge the above described premises tz7 secure
<br />the payment of t,`se Note; accordingly, the CORPORATE MORTGAGOR
<br />has, on the date hereof, executed and delivered tD MORTGAGEE the
<br />Note and this Mortgage.
<br />Zn mnaideratian of the aforesaid loan and Nate in the
<br />amount of Ninety Thousand Five Hundred Twenty-five Dollars
<br />f.S90,525,00), iJi hand paid, the CORPORATE KORTGAGOR does hereby
<br />sell and wnvey Onto !4ORT~sAGEE, Randal R. 9oesen, his heirs,
<br />personal representatives, and assigns, the shave described real
<br />estate. The intention being tx> cos,vay hereby an absolute title
<br />in fen six~ale.
<br />Therefore, in consideration of the foregoing Preliminary
<br />~:scr,w~rrsS sif Eaaa RilFalaiLLsi~lA a71d the ciazrv RwTa i~i77a-1tiAf~iJli an~- t7~f~1E '
<br />valaaisls consideration, the receipt of wtsids is hereby aok»a~
<br />!edged, end fn order t;o secure the prompt payment of flea Nsete aq!d
<br />any asatensiosu or ranawals thereof, and the grvs~t and !lull pas-
<br />fasn~anca of all else oovanante ens] conditions of this Mortgs~e eesd
<br />any other agreawwnteu securing the tiote, which by fists zs!ference
<br />
|