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<br />FINANCING STATEMENT
<br />KNdt ALL MEN BY THESE PRESENTS:
<br />That James K. Jeffries aid K lli J. Jeffries, husband and wife,
<br />of Kuester Lake, R.F.W. #3, Null County, Nebraska* Debtors, for the purpose
<br />of securing the payment of $68,000.00 , .and interest 840.5 Per annum, com-
<br />puted upon the unpaid principal balance, according to a Note described as
<br />Dated the 23rd day- of August , !9 90 ,
<br />in the original amount of r bearing interest
<br />at 10.5 er annum, compute upon the unpaid principal.,
<br />balance, an payable 'in equal monthly, installments of 6 8.90
<br />per month, which will apply first upon interest and the balance in
<br />reduction of the principal, the first such monthly installment pay-
<br />ment payable maxtbexxxxxx OcxxxxdnyxoftxxxxxxxxxxxxxxxxAVjt xxxxx
<br />as evidenced by the Note.
<br />which note was given The Equitable Building and Loan Association of Grand
<br />Island, Nebraska, the debtors do hereby grant, mortgage and
<br />assign unto said secured party the residence house,'being an improvement upon
<br />a leasehold and all appurtenances thereto, said residence house being situated
<br />upon: Lots Eighteen (18). and Nineteen (19), having a Lake Front footage of 200
<br />feet, situated on the East side of the East portion of Kuester Lake and being
<br />on a part of the E%SV14 in Section 13, Township 11 North, Range 9 West of the
<br />6th P.M., in Nall County, Nebraska, bounded on the Easterly side by the cammon
<br />road, more particularly described as; A tract of land comprising a part of the
<br />Northeast Quarter of the Southwest Quarter (NO4,94) and the Northwest Quarter
<br />of the Southeast Quarter (NW14SE'14) all in Section 13, Township 11 North; Range 9
<br />West of the 6th P.M. in Hall County, Nebraska being more particularly described
<br />as follows: With reference to the South Quarter corner of said Section 13,
<br />thence N 00 degrees 0100" E for 1317.58 feet; thence N 89 degrees 24' 35'r W for
<br />15.90 feet; thence N 04 degrees 25' 45" E for 68.57 feet to the point of be-
<br />ginning; thence N 89 degees 55' 09" W for 141.98 feet; thence N 01 degrees 41' 16"
<br />E for 79.80 feet; thence N 35 degrees 38' 15 ".'E for 104.97 feet, thence N 83
<br />degrees 47' 14" E for 04.10 feet; thence S 04 degrees 26' 20" W for 174.41
<br />feet to the point of beginning,
<br />including any accessions, accessories, parts and equipment now or hereafter
<br />affixed thereto.
<br />The debtors warrant the above described property is free and clear of all
<br />liens and encumbrances; that they will pay all personal taxes before the
<br />some become delinquent; that they will maintain and pay the premiums for
<br />fire and extended coverage insurance an said property in an amount not less
<br />than the unpaid balance of the indebtedness. That if they fail to pay any
<br />such taxes or premiums, that the secured party may pay the same and any such
<br />paywnta by= thin- securno party shall be a paw of -this indebtness;; payreft of
<br />which shell be secured by this financing statement and interest thereon shall
<br />accrue at the rate of interest provided in the note of even date herewith, .
<br />payment of which this financing statement secures. '
<br />It,is hereby agreed that if default be made in the payment of said note or
<br />any part thereof when due, or if debtors fail to pay said taxes before
<br />the some become delinquent, or said premiums when due, or if arty attempt be
<br />made to dispose of or remove said property from Hall County, Nebraska, or
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