~~
<br />~~
<br />~~ ",~
<br />m
<br />~~
<br />m ~ ~ ~ ~-rt ~ ~ rv
<br />ono ..~~ ~ ~ ~ °° ~ o ° o
<br />~~~ ~' `C ~ ~ ©„ l~~
<br />ter. (~ (n ~ ~
<br />~AII m ~ -~ 2+ cxs ~ Va
<br />_ --I
<br />~~ 0 C:.7 ~ C]C?
<br />G~ ~
<br />WHEN RECORDED MAIL TO:
<br />AMCORE BANK N.A.
<br />Loan Operations
<br />P.O. Box 1957
<br />_. Rockford, IL~1109457 __ _ _ ______ _ _ FOR RECORDER'S USE ONLY
<br />MORTGAGE
<br />MAXIMUM LIEN. The lien of this Mortgage shall not exceed a# any one time $200,000.00. ~
<br />~, ~
<br />GRANT OF MORTGAGE. For valuable consideration, Grantor mortgages and conveys to Lender atl of Grantor's right, title, and interest in
<br />and to the following described real property, together with all existing or subsequently erected ar affixed buildings, improvements and
<br />fixtures; all easements, rights of way, and appurtenances; all water, water rights, watercourses and ditch rights (including stock in utilities
<br />with ditch or irrigation rights; and all other rights, royalties, and profits relating to the real property, includin without limitation all
<br />minerals, oil, gas, geothermal and similar matters, (the 'Real Property") located In Hall County, State o~ Nebraska:
<br />Lot One (1-, Menard Fifth Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 2151 N. Diers Avenue, Grand Island, NE
<br />68803-1241. The Real Property tax identification number is 400370271.
<br />CROSS-COLLATERALIZATION, In addition to the Note, this Mortgage secures all obligations, debts and liabilities, plus interest thereon, of
<br />either Grantor or Borrower to Lender, or any one or mare of them, as well as all claims by Lender against Borrower and Grantor or any one
<br />or more of them, whether now existing or hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or
<br />otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated,
<br />whether Borrower or Grantor may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party
<br />or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether
<br />the pbligation to repay such amounts may be or hereafter may become otherwise unenforceable.
<br />REVOLVING LINE OF CREDIT. This Mortgage secures the Indebtedness including, without limitation, a revolving line of credk, which
<br />obligates Lender to make advances to Borrower so long as Borrower complies with all the terms of the Nate.
<br />Grantor presently assigns to Lender all of Grantor's right, title, and interest in and to all present and future leases of the Property and all
<br />Rents from the Property. In addition, Grantor grants to Lender a Uniform Commercial Cade security interest in the Personal property and
<br />Rents.
<br />THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY,
<br />IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE
<br />NOTE, THE RELATED DOCUMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS GIVEN AND ACCEPTED pN THE FOLLOWING TERMS:
<br />GRANTOR'S WAIVERS. Grantor waives all rights or defenses arising by reason of any "one action" or "anti-deficiency" law, or any other
<br />law which may prevent Lender from bringing any action against Grantor, including a claim for deficiency to the extent lender is otherwise
<br />entitled to a claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by
<br />exercise of a power of sale.
<br />GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: lal this Mortgage is executed at Borrower's request and
<br />not at the request of Lender; (b) Grantor has the full power, right, and authority to enter into this Mortgage and to hypothecate the
<br />Property; Ic- the provisions of this Mortgage do not conflict with, or result in a default under any agreement or other instrument binding
<br />upon Grantor and do not result in a violation of any law, regulation, court decree or order applicable to Grantor; Id1 Grantor has established
<br />adequate means of obtaining from Borrower on a continuing basis information about Borrower's financial condition; and let Lender has
<br />made no representation to Grantor about Borrower (including without limitation the creditworthiness of Borrowerl.
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Borrower and Grantor shall pay to Lender all
<br />Indebtedness secured by this Mortgage as it becomes due, and Borrower and Grantor shall strictly perform all Borrower's and Grantor's
<br />THIS MORTGAGE dated March 7, 2009, is made and executed between RTS Business Moldings Inc., whose
<br />address is 352 Bishapville Loop, The Villages, FL 32162 (referred to below as "Grantor") and AMCORE BANK,
<br />N.A., whose address is 501 Seventh Street, P.O. Box 1537, Rockford, IL 61110 (referred to below as
<br />"Lender" ).
<br />
|