Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 875]

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872

BOARD OF TRUSTEES

[February 24

On motion of Mr. Jensen, this award was authorized, and the appropriation was made, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mr. Jensen, Mr. Livingston, Dr. Luken, Mr. McKelvey, Dr. Meyer, Mr. Nickell; no, none; absent, Mr. Green, Mrs. Grigsby, Mr. Karraker.

EASEMENT OF WAY ACROSS FARM LAND O N W H I C H UNIVERSITY HOLDS MORTGAGE (19) On March 20, 1943 (Minutes, page 304), the Board approved an easement of way across certain land owned by Frank, Beatrice, and Minerva C. Shively, on which the University has a mortgage. T h e easement was given for the purpose of enabling H o m e r H . and Mamie A. Keller to secure a mortgage on adjoining land through which access across the Shively land is necessary. A change in that mortgage is now desired, and the Board is asked to approve a new resolution which is presented herewith.

On motion of Mr. McKelvey, the following resolution was adopted, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mr. Jensen, Mr. Livingston, Dr. Luken, Mr. McKelvey, Dr. Meyer, Mr. Nickell; no, none; absent, Mr. Green, Mrs. Grigsby, Mr. Karraker.

ASSENT TO EASEMENT

Whereas, HOMER H . KELLER and M A M I E A. KELLER, his wife, are the owners of

the Southwest Quarter of the Northeast Quarter of Section 29, and also the Northeast Quarter of the Northeast Quarter of Section 29, all in Township 20 North, Range 7 East of the Third Principal Meridian in Champaign County, Illinois, which is subject to a mortgage to T h e Equitable Life Assurance Society of the United States, dated February 8, 1943, filed for record in the Recorder's office of said County, March I, 1943, and is there recorded in Book 368 of Mortgages, at page 481, which said mortgage secures the sum of Six Thousand Dollars ($6,000.00) ; and Whereas, the said owners of said premises have applied to T h e Equitable Life Assurance Society of the United States, a corporation, for an increased loan upon said premises and other real estate, increasing said loan to the sum of Nine Thousand Six H u n d r e d Dollars ($9,600.00), which application has been granted and approved; and Whereas, included in the mortgage above mentioned, now held by the said mortgagee, there is the following: T h e right of ingress, egress and regress over, upon and across a certain strip of ground described as follows: Commencing at the Southeast corner of the Northwest Quarter of the Northeast Quarter of said Section 29, thence North 20 feet, thence diagonally Southwesterly to a point 20 feet West of the point of beginning, thence East to the place of beginning, in Champaign County, Illinois; and Whereas, Lloyd Morey, as Trustee for the Board of Trustees of the University of Illinois, is the holder of a certain trust deed executed by Frank Shively and Beatrice Shively, his wife, and Minerva C. Shively, a widow, conveying, together with other property, the Northwest Quarter of the Northeast Quarter of Section 29, Township 20 North, Range 7 East of the Third Principal Meridian in Champaign County, Illinois, which said trust deed was dated March 15, 1941, and is recorded in Book 357, at page 65, of the records of the Recorder's office of Champaign County, Illinois; and Whereas, the said Frank Shively and Beatrice Shively, his wife, and Minerva C. Shively, a widow, have heretofore granted to H o m e r H . Keller and Mamie A. Keller, his wife, an easement over the said premises, described as commencing at the Southeast corner of the Northwest Quarter of the Northeast Quarter of said Section 29, thence North 20 feet, thence diagonally Southwesterly to a point 20 feet West of the point of beginning, thence East to the point of beginning, in Champaign County, Illinois; Now, therefore, in consideration of the premises and of the sum of One Dollar ($1.00) and other good and valuable considerations, receipt whereof is hereby acknowledged, the Board of Trustees of the University of Illinois, does hereby consent to the execution and recording of the mortgage above described