|
At
<br />including any improvements, accessions, accessories, parts, or
<br />equipment now or hereafter affixed thereto.
<br />The Debtors warrant that the above- described property
<br />situated on said leased premises is free and clear of all liens
<br />and elxcumbrances, that they will pay the annual ground rent and
<br />any assessments payable to the Lessor of such leased premises
<br />When the same is due and payable and before the same become
<br />delinquent* according to the provisions of Debtors' lease: that
<br />they wall pay all personal taxes before the same become
<br />.A01inqu"t= that they will maintain and pay the premiums for fire
<br />'amid ex4emded coverage insurance on said improvements in an amount
<br />not less.than the unpaid balance of the indebtedness„ that if
<br />•b1.... `� i 7 a. _�
<br />Wi au.y Shan rents, assessments cr taxes before the
<br />sane became delinquent, or such premiums when the same become
<br />due, that the Secured Party may pay the same, and any such
<br />payments by the Secured Party shall be a part of this
<br />indebtedness, payment of which shall be secured by this Security
<br />Agreement and Financing Statement shall be forthwith due and i
<br />repayable by Debtors to the Secured Party and shall bear interest
<br />at the maximum legal rate from the time of such payment of rents,
<br />assessments, taxes or premiums until the same have been repaid to
<br />the Secured Party.
<br />It is hereby agreed that if default be made in the payment
<br />di
<br />w
<br />a�
<br />J
<br />90-405383
<br />r
<br />KUM ALL IQIli BY THBSE PRESENTS it
<br />That LLOYD E. FULTON and LAVONNE 1. FULTON, each in his and
<br />her own right and as the spouse of each other, of No. 34
<br />Kuester's Lake, Rural Route, brand Island, Nebraska 68801,
<br />DEBTORS, for the purpose of securing the payment of $26,000.00
<br />and interest at 9 1/2 percent per annum computed upon the unpaid
<br />principal balance, according a note (bond) described as follows:
<br />Bond in the original amount of =26,000.00, payable by the Debtors
<br />to The Equitable Building and Loan Association of Grand Island,
<br />'
<br />t
<br />Nebraska, with its main office at 113 North Locust, Grand Island, '
<br />Nebraska, the SECURED PARTY, the debtors do hereby grant,
<br />11;.•
<br />f
<br />mortgage and assign unto said Secured Party the residence house
<br />and all other Improvements now or hereafter situated on a
<br />leasehold, and all appurtenances thereto, of frame construction
<br />and said residence house being situated upon
<br />Lots Nine (9) and Ten (10) , Ruester's Lake, a part of
<br />the East Half of the Southwest Quarter MOWS) of
<br />'Suction Thirteen (13), Township Eleven (11) North,
<br />Range Nine (9), West of the 6th P.M., in Hall County,
<br />Nebraska, situated on the East Side of East Portion of
<br />said Ruestdr's Lake, known as #34, Ruester's Lake,
<br />Grand Island, Nebraska,
<br />At
<br />including any improvements, accessions, accessories, parts, or
<br />equipment now or hereafter affixed thereto.
<br />The Debtors warrant that the above- described property
<br />situated on said leased premises is free and clear of all liens
<br />and elxcumbrances, that they will pay the annual ground rent and
<br />any assessments payable to the Lessor of such leased premises
<br />When the same is due and payable and before the same become
<br />delinquent* according to the provisions of Debtors' lease: that
<br />they wall pay all personal taxes before the same become
<br />.A01inqu"t= that they will maintain and pay the premiums for fire
<br />'amid ex4emded coverage insurance on said improvements in an amount
<br />not less.than the unpaid balance of the indebtedness„ that if
<br />•b1.... `� i 7 a. _�
<br />Wi au.y Shan rents, assessments cr taxes before the
<br />sane became delinquent, or such premiums when the same become
<br />due, that the Secured Party may pay the same, and any such
<br />payments by the Secured Party shall be a part of this
<br />indebtedness, payment of which shall be secured by this Security
<br />Agreement and Financing Statement shall be forthwith due and i
<br />repayable by Debtors to the Secured Party and shall bear interest
<br />at the maximum legal rate from the time of such payment of rents,
<br />assessments, taxes or premiums until the same have been repaid to
<br />the Secured Party.
<br />It is hereby agreed that if default be made in the payment
<br />di
<br />w
<br />a�
<br />J
<br />
|