First Security Bank Of Lexington Mortgage

FIRST SECURITY BANK OF LEXINGTON
Lexington, Kentucky


MORTGAGE
Securing Present and Future Indebtednesses


This MORTGAGE, made this 8 October 1998 from CITIZENS FIRST CORPORATION, a Kentucky corporation, (hereafter jointly and severally referred to as "Mortgagor"), of 1101 College Street, Bowling Green, Kentucky 42101, to FIRST SECURITY BANK OF LEXINGTON, 400 East Main Street, Lexington, Kentucky 40507, (hereafter referred to as "Mortgagee").


W I T N E S S E T H:

That in consideration of the Mortgagor's present indebtedness described herein and all renewals and extensions of same and any additional indebtednesses provided for herein and upon the terms and conditions herein set out, the Mortgagor does hereby bargain, alien, grant, deed, sell and convey unto the Mortgagee, its successors and assigns, forever, with covenant of general warranty of title the following described real estate, together with its rents, issues and profits and all buildings and improvements erected thereon or to be erected thereon, and all rights, privileges, appurtenances, interests, easements, minerals (including coal, oil and gas) and all rights therein, including mineral and oil and gas leases, timber and hereditaments thereunto belonging, and all fixtures (movable and immovable) on or about the said real estate, including, without limitation, storm and screen windows and doors, shades, awnings, blinds, floor coverings, and all heating, air conditioning, plumbing and lighting fixtures and appliances now or hereafter on or affixed to the said real estate, located in Warren County, Kentucky, (all of which is sometimes hereafter collectively called the "Mortgaged Premises"), and described as follows:


TRACT I:


A certain tract of land located on Campbell Lane in Bowling
Green, Warren County, Kentucky, beginning at a stake located
in the south right-of-way line of Campbell


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Lane, said stake being a corner common to Lots 1 and 2 as set
out in Plat Book 16, Page 144, in the office of the Clerk of
the Warren County Court; thence from said beginning point
South 18 deg. 33 min. 53 sec. East 335.99 feet to a stake
corner with Lot No. 2; thence North 69 deg. 26 min. 37 sec.
East 126.17 feet to a stake corner; thence North 17 deg. 39
min. 54 sec. West 335.70 feet to a stake in the south
right-of-way line of Campbell Lane, a corner with Allen
Construction Company; thence with the right-of-way line of
Campbell Lane South 69 deg. 40 min. 07 sec. West 131.43 feet
to the point of beginning, same being Lot No. 1 of that
certain plat of record in Plat Book 16, Page 144, in the
office of the Clerk of the Warren County Court.


THERE IS EXCEPTED from the foregoing that certain right-of-way
construction easement conveyed by David A. Dozer and Carla N.
Dozer a/k/a Karla N. Dozer, to the Commonwealth of Kentucky,
Transportation Cabinet, dated 12 July 1994 and of record in
Deed Book 691, Page 631, in the office of the Warren County
Clerk, which is more particularly described as follows:


Parcel No. 117: Beginning at a point 50.00 feet right of
Campbell Lane station 294+51.24; thence North 69 degrees 39
minutes 30 seconds East, 23.76 feet to a point 50.00 feet
right of Campbell Lane station 294+75.00; thence South 20
degrees 20 minutes 30 seconds East, 15.00 feet to a point
65.00 feet right of Campbell Lane station 294+75.00; thence
South 69 degrees 39 minutes 30 seconds West, 24.26 feet to a
point 65.00 feet right of Campbell Lane station 294+50.74;
thence North 18 degrees 25 minutes 14 seconds West, 15.01 feet
to the point of beginning.


The above described parcel contains .008 acres (360 sq. ft.).


It is the specific intention of the grantor(s) herein to
convey a permanent easement to the property described above
for the purpose of constructing and perpetually maintaining
drainage.


The acquisition of the right of way of this project was
authorized by the Kentucky Department of Highways Official
Order No. 95466. The control of access on this


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project and access to the remaining property of the first
party shall be by permit, as required to be set forth in
Section 6 of the Kentucky Administrative Regulations. (603 KAR
5:120).


Parcel No. 117A: Beginning at a point 50.00 feet right of
Campbell Lane station 294+75.00; thence North 69 degrees 39
minutes 30 seconds East, 107.69 feet to a point of 50.00 feet
right of Campbell Lane station 295+82.69; thence South 17
degrees 37 minutes 18 seconds East, 10.01 feet to a point
60.00 feet right of Campbell Lane station 295+82.21; thence
South 69 degrees 39 minutes 30 seconds West, 72.21 feet to a
point 60.00 feet right of Campbell Lane station 295+10.00;
thence South 61 degrees 31 minutes 41 seconds West, 35.36 feet
to a point 65.00 feet right of Campbell Lane station
294+75.00; thence North 20 degrees 20 minutes 30 seconds West,
15.00 feet to the point of beginning.


The above described parcel contains 0.27 acres (1,162 sq.
ft.).


It is the specific intention of the grantor(s) herein to
convey a construction easement to the property described
above; said easement terminates and reverts upon completion of
same.


TRACT II:


Being a 20,250.12 square foot parcel of land located off of
Campbell Lane in Bowling Green, Kentucky, and more
particularly described metes and bounds as follows:


Beginning at an iron pin located in the south right-of-way
line of Campbell Lane, said pin being approximately 950 feet
from the right-of-way of Scottsville Road; thence leaving the
right-of-way line of Campbell Lane S 17 deg. 39 min. 54 sec. E
178.17 feet to the true point of beginning of described tract;
thence S 17 deg. 39 min. 54 sec. E 157.53 feet to an iron pin;
thence S 69 deg. 26 min. 37 sec. W 126.17 feet to an iron pin;
thence N 18 deg. 33 min. 53 sec. W 160.61 feet to a point;
thence N 70 deg. 51 min. 47 sec. E 128.58 feet to the point of
beginning, containing 20,250.12 square feet, and being a
portion of Lot 1


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Farmers Investment Company, Inc. Subdivision as recorded in
Plat Book 16, Page 144, at the Warren County Courthouse,
Bowling Green, Kentucky, and which is now identified as Lot
1-1 on the Utility Plat, Lot 1 Farmers Investment Co., Inc.,
of record in Plat Book 25, Page 165 in the Warren County Court
Clerk's office.


THERE IS FURTHER CONVEYED HEREIN, a non-exclusive
ingress-egress easement for access to the property conveyed
hereinabove across the Grantor's remaining property so that
the Grantee has access to the property conveyed hereinabove
from Campbell Lane. This non-exclusive easement for ingress
and egress shall be for the benefit of the Grantee, its
successors (including successors in title) and assigns, but
shall be located by the Grantors, their heirs, successors
(including successors in title), and assigns in their sole
discretion with traffic patterns as may be established,
determined and changed by the Grantors from time to time.


This being the same property conveyed to Citizens First
Corporation from David A. Dozer and wife, Karla N. Dozer, by
deed dated 8th October 1998 and of record in Deed Book 770,
Page 541, in the office of the Warren County Clerk.


TO HAVE AND TO HOLD the above-described Mortgaged Premises unto the Mortgagee, its successors and assigns, forever, with covenant of general warranty of title, subject only to the terms and conditions of this Mortgage as hereinafter set out:


I. The first purpose of this Mortgage is to secure the payment of the indebtedness due from Citizens First Corporation to the Mortgagee in the principal sum of ONE MILLION ONE HUNDRED TWENTY THOUSAND DOLLARS ($1,120,000.00), which the Mortgagee has advanced or has obligated itself to advance, evidenced by the following described promissory note(s) executed and delivered by the Mortgagor payable to the Mortgagee, or order, with interest and terms as therein specified and all renewals and extensions thereof, in whole or part:


PRINCIPAL AMOUNT DATE OF NOTE FINAL MATURITY DATE


$1,120,000.00 8 October 1998 8 October 1999


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The aforesaid note or notes by reference are considered a part hereof, and all terms of said note or notes are incorporated herein as if set forth in full; however, if any inconsi ...