|
<br />are made a part hereof ("Securing Agreements"} , whether ;xrw
<br />existing or executed hereafter, the CORPOTATE MORTGAGOR and the
<br />MORTGAGOR now execute and deliver this Mortgage to N!?P,GAGEE,
<br />his heirs, personal sxpresentatives, successors and assigns,
<br />the above described r+~al estate, Whether non owned by the
<br />.. CORPORATE MORTGAGOR andfor the MORTGAGOR or hereafter aoquized
<br />by them and whether now or hereafter e~tisti.ng, including all
<br />buildings, structures, facilities and ocher iagsrovements now
<br />or hereafter located an such real estate, and all building
<br />material, equipment, and fixtures of every kind and nature w
<br />such land or in any building, structure ar other improvement
<br />nav ar hereafter standing, constructed or placed upon such land,
<br />and the reversion ar reversions, remainder ar rEmainders, in
<br />and to such land and alI and singular, the tenements, heredit.a-
<br />menta, easements, rights-of-way or use, rights, privileges and
<br />ap~rtenances to such land, now or hereafter belonging or in
<br />a-,y way appertaining thereto, i.-scluding without limitation any
<br />such right, title, interest, d.aim and demand in, to and under
<br />any agreement granting, conveying or creating, far the benefit
<br />of such land, any easement, right ar license in any way affecting
<br />'other property and in, to and under any streets, ways, alleys,
<br />ar strips of land adjoining such land os any parcel thereof, and
<br />all claims or demands either in Saw ar in equity, in possession
<br />or expectancy, af, in and to such lanr~, provided always, and
<br />these presents are upon the express condition that if the said
<br />CORPORATE MORTGAGOR and/or the MORTGAGOR, their heirs, successors,
<br />personal representatives, or assigns, shall gay or cause to be
<br />paid to the said MORTGAGEE, his heirs, personal representatives,
<br />successors or assigns, the sum of Ninety Thousand Five Hundred
<br />Twenty-five Dollars ($90,525.00) payable in two installments,
<br />as follows:
<br />The s-~ of Thirty-six Thousand Nine Hundred Seventy-
<br />five Dollars (536,975.00) on January 2, 1981 With no interest
<br />.thereon, and the swn of Fifty-three Thousand Five Hundred Fifty ~
<br />Dollars (S S3,5SU.00) on Jae-uary I, 2982, with interest thereon ~~-
<br />at vhe pate of t~ lvi ,~eicent (I2'~) east a€:n:s=s 4a:u Nover~se_ ~
<br />~~,Fi.
<br />14980, payable according to the tenor and affect of a certain ~ ~
<br />Pr<]ani,ssary Note of said CORPORATE MORTGAGOR and KORTGAGOR bearing
<br />even date with the presents. The first installment in the amount
<br />of Thirty-six Thousand Nine H~dred Seventy-five Dollars ($36,975.00)
<br />shall bear interest after January 2, 1981, according to the tenor
<br />of the aforesaid Note, then these presents be void as per Article
<br />ZTT hereof, otherwise to be and remain in full force. .;;., , ~,.~,,,,~ v`_"~
<br />., This Mortgage is subject to a first mortgage to ~asga/~' ,,~..
<br />V~ -' Grand Island, Nebraska, recorded in i' .>~(„
<br />" Gocisdent ~$0-00.6.8~3 at page ~„r of the records in the !M`+
<br />Reg stet O~~'~Deeds, Hal' county, A7~ra~s~ca. The CORPORATE MDR?`GAGOR
<br />and the M)RTC>AGOR represent they are using the first mortgage money
<br />for interim financing to construct a building an the mortgaged e~
<br />real estate, and they m®y procure an interim loan from another
<br />lending institution, in uSiich event F1OR3'G.AG£E shall subordinate
<br />his lien to thQ Lien of the new first mortgage holder, provided
<br />the lien of is fully ~ ~. -~q`I
<br />satisfied and released, but, in no event, shall MORTGAGEE be ~j?"
<br />requited to subordinate his lien to any lending institution
<br />pravidir+e~ bath interim and long-term financing or long-term
<br />financing.
<br />Representations Warranties and Covenants of
<br />`orate rtc~ac~oi a`~3'Mort9agor
<br />A.'^`..i^la Z
<br />T?ke ~RA0RA7PE lORTGAGOOR and the MORTGAGOR, hereinafter
<br />callectiaely ozlled simply `MORTGAGOR`, hereby represent, warrant
<br />and aawnant as &>2lovs s
<br />
|