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201107531
<br />MORTGAGE
<br />Tats MORTGAGE, made and executed as of the 446 111h day of October, A=0=44 2011, by and between Nebraska Association
<br />for Developmental Housing, a nonprofit corporation organized and existing under the laws of Nebraska, having its principal place of
<br />business at 216 N. Denver Avenue, Hastings, Nebraska 68901, party of the first part, hereinafter with its successors and assigns called the
<br />Mortgagor, and Lancaster Pollard Mortgage Company, a corporation organized and existing under the laws of Ohio, having its principal
<br />place of business at 65 E. State Street, 16rh Floor, Columbus, Ohio 43215, of the second part, hereinafter with its successors and assigns
<br />called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of One Million Nine Hundred Eighty -One
<br />Thousand Seven Hundred and No /100 Dollars ($1,981,700.00) paid by the Mortgagee, the receipt of which is hereby
<br />acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey and Confirm unto the Mortgagee, its
<br />successors and assigns, forever, the following- described real estate, situated in the City of Broken Bow, County of Custer, City of
<br />Hastings, County of Adams, City of Kearney, County of Buffalo, City of Ord, County of Valley, City of Oxford, County of
<br />Furnas, City of Superior, County of Nuckolls, , City of Grand Island, County of Hall, and State of Nebraska, to wit:
<br />For legal description, see Exhibit A attached hereto and incorporated by reference herein.
<br />Notwithstanding any other provision contained herein or in the Mortgage Note executed as of even date hereof from the
<br />Mortgagor to the Mortgagee (the "Note "), which is secured by this Mortgage, it is agreed that the execution of the Note shall
<br />impose no personal liability upon the Mortgagor, its directors and officers, present and future, for payment of the
<br />indebtedness evidenced thereby and in the event of default, the holder of the Note shall look solely to the property subject to
<br />this Mortgage and the Security Agreement between Mortgagor and Mortgagee of even date and to the rents, issues and
<br />profits thereof in satisfaction of the indebtedness evidenced by the Note and will not seek or obtain any deficiency or
<br />personal judgment against the Mortgagor, its directors and officers, present and future, except such judgment or decree as
<br />may be necessary to foreclose or bar the Mortgagor's interest in the property subject to this Mortgage and all other
<br />property mortgaged, pledged, conveyed or assigned to secure payment of the Note; provided, that nothing in this condition
<br />and no action so taken shall operate to impair any obligation of the Mortgagor under the Regulatory Agreement herein
<br />referred to and made a part hereof.
<br />TOGETIIER with the privileges and appurtenances to the same belonging, and all of the rents, issues, and profits which may arise or
<br />be had therefrom; and
<br />TOGETIIER with all buildings and improvements of every kind and description now or hereafter erected, or placed thereon, and all
<br />fixtures, including but not limited to all gas and electric fixtures, engines and machinery, radiators, heaters, furnaces, heating equipment,
<br />steam and hot -water boilers, stoves, ranges, elevators and motors, bathtubs, sinks, water closets, basins, pipes, faucets and other plumbing
<br />and healing fixtures, mantels, refrigerating plant and refrigerators, whether mechanical or otherwise, cooking apparatus and appurtenances,
<br />furniture, shades, awnings, screens, blinds and other furnishings; and together with all building materials and equipment now or hereafter
<br />delivered to said premises and intended to be installed therein. All articles of personal property owned by the Mortgagor and now or
<br />hereafter attached to or used in and about the building or buildings now erected or hereafter to be erected on the lands herein described
<br />which are necessary to the complete and comfortable use and occupancy of such building or buildings for the purposes for which they were
<br />or are to be erected, including all goods and chattels and personal property as are ever used or furnished in operating a building or the
<br />Replaces Form FHA - 4143 -b, which is Obsolete HUD - 94143 -B (7 -81)
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