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<br /> M O R T G A G E
<br /> RNOW ALL MEN BY THESE PRESENTS: That Mid-Nebraska Quality Foods,
<br /> „'' Inc., an Ohio corporation licensed to do business in the State of
<br /> Nebraska, whose home office is 3478 North High Street, Columbus,
<br /> Ohio, 43214, as Mortgagor, in consideration of oNE HUNDRED FIFTY
<br /> ; THOUSANll AND NO/100------------�ollars ($150,000.00 ), in hand paid,
<br /> do hereby grant, bargain, sell and convey unto The First National
<br /> Bank of Grand Island, Nebraska, a banking corporation of Grand
<br /> Island, Hall County, Nebraska, as Mortgagee, alZ the right, title
<br /> and interest of the Mortgagor in and to the certain leasehold of
<br /> the Mortgagor in' and to the following real property situated in Hall
<br /> County in the State of Nebraska, to-wit:
<br /> A tract of land located in the Southeast quarter of the
<br /> Southeast quarter (SE4SE4) of Section 1�aenty-one (21),
<br /> Township Eleven (11) North, Range Nine (9), West of the
<br /> 6th P.M. in Hall County, Nebraska, more particularly
<br /> � ,• described as follows: Beginning at a point Seven Hundred Seven
<br /> and Five-Tenths (707.5) feet South o£ the Southeast corner of
<br /> Pleasant Home Subdivision, said point being Thirty-three
<br /> (33.0) feet West of the East line of said Section 'Itaenty-
<br /> ; One (21) ; thence Westerly p�a11e1 to the South line of said
<br /> Pleasant Home Subdivision a distance of 1�ao Hundred Sixty-
<br /> One (261.0) feet; thence Southerly para11e1 to the East line
<br /> of said Section �aenty-one (21), a distance of One Hundred
<br /> Thirty-four (134.0) feet; thence Easterly parallel to the
<br /> � South line of said Pleasant Home Subdivision, a distance
<br /> ' of Two Hundred Sixty-One (261.0) feet; thence Northerly
<br /> parallel to the East line of said Section Twenty-One (21),
<br /> a distance of One Hundred Thirty-Four (134.0) feet, to the
<br /> place of beginning, and containing 0.71 acres, more or less.
<br /> The leasehold hereby mortgaged and intended to be conveyed hereby
<br /> is that leased to the Mortgagor from Mark Schuele and Phyllis
<br /> Schuele, husband and wife, in a certain lease contract bearing the
<br /> date of Apri122 , 1977, for the term of 20 years from
<br /> such date. ,
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<br /> TO HAVE AND T�0 HOLD the premises above described with alI
<br /> appurtenances thereunto belonging unto The First National Bank of
<br /> Grand Island as Mortgagee and to its successors and assigns forever,
<br /> provided, always, and these presents are upon the express condition
<br /> that if the said Mid-Nebraska Quality Foods, Inc., its successars
<br /> or assigns, shall pay or cause to be paid to The First National Bank
<br /> of Grand Island, its successors or assigns, the total sum of
<br /> $ 150 000.00 payable on or before the 15th day of February , '
<br /> 19 , with interest thereon at l0 % pPr annum, payable according
<br /> to the tenure and effect of the promissory note of the Mortgagor
<br /> bearino even date ���ith these presents, and shali pay a1Z taxes an3
<br /> assessments levied upon such property and building and a11 other
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