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81006059
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1/14/2010 11:30:22 PM
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1/14/2010 11:28:11 PM
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81006059
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8I,..,. ~,t~605Q <br />MORTGAGE AND TRUST INDENTURE <br />TT'_' MORTGAGE AND TRUST INDENTURE, made and entered into <br />as of the ist day of December, 1981, by and between the City of <br />Grand Island, Nebraska (hereinafter sometimes referred to as the <br />"issuer"), whose address is City Hall, P.O. Box 1968, Grand <br />Island, Nebraska 68801, as Party of the First Part, and Commercial <br />National Bank b Trust Comp«ny, Grand Island, Nebraska, duly organ- <br />ized and existing under the laws of the United Stares and authar- <br />ized to accept, administer, and execute trusts of the character <br />herein set out, with its principal office and post office address <br />at P.O. Box 1267, Grand Island, Nebraska 68801, as Trustee, Party <br />of the Second Part (hereinafter sometimes referred to as the <br />"Trustee"), <br />WITNESSETH: <br />WHEREAS, the Issuer is authorized under Secti«ns 1$-1614 <br />to 18-1623, inclusive, R.R.S. Neb. 1943, as amended (hereinafter <br />sometimes referred to collectively as the "Act"}. to ac=1:~==e <br />lands, buildingsr and other personal properties deemed nNCrzaarsr~^ <br />in connection therewith, and tc? lease t'.1e same as a Pr3~e~t ?n <br />order to provide for the acquisitic~n« pure=has°. e~?nstru~<ion, <br />improvement, b~t~~rr~~, and e~teri~i~n c~~ ~'siv~{.i~~=~ ~~s~ <br />.. _ _d <br />i:x t~eb r a~~~ ~ - - <br />WHE12C¢+ASr tEte Iasu9r is authezrzecl by thF #ct ~? #.a~aEVo <br />revenue bonds secured by a mortgacle ?n the Pro~ec:t a~ ~aalrata{a <br />solely from the revenue derived fram leASing *Re Probe=t rhos <br />acquired through the issuance s~f sueR revenue ndrE anti ct~-~ ±?s+ <br />- $ond Fund herein establi9hdt An<~ <br />WMER6AS, the IBauer has ne~le,tiatecl ancir (?uesuant c^k a <br />Resolution of the governing body of thr~ issuer, has +rtn[arad rne~~ a <br />i.ease and Agrae~uent with t4i1$on Cr~nerete Con+pAny, are ie~ra ~a~~asara- <br />tioa (hereinafter sometimes referred to as eha °Co~!par*y~ ~a <br />"Gasses"). predicated upon the findings and deter~inatt~n~ by <br />the governing body of said Issuer, an required by the Act.. <br />whereunder solely from the proceeds of such revenue bonds th~r <br />i <br />
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