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90-106056
<br />SECURITY AGREEMINT AND
<br />fl!IANGING STATEMENT
<br />KtPW, ALL MEN 13Y THESE PRESM
<br />G. VANOSDALL, -a-single person, and ANN M. HAMELOTH,
<br />single person, each In his and her own right, of No. 41 Kusster's Lake,
<br />Ituftl RouW, Grand Island, Nebraska 60801, DEBTORS, for the purpose of
<br />securing the payment of $70,000.00 and Interest at 11.$ percent per annum
<br />'computed upon the unpaid PrInCIP4111 b3IMnc6- according, 0 note described as
<br />101111ows*- Nola. In flo'original amount of $70,060.00, payable by the Debtors
<br />W Five Points Bank of Grand.11411andi, Nebraska, with Its min office at 2015
<br />74T M GnmKiwell, Grand Island, Nebraska, the SECURED PARTY, the clobtars
<br />dejwreby ..grant, 94ttga" and assign 'unto sold Secured Party the residence
<br />hMse WW t-4111 other Juiprovemants now or hamfter situated on a leasehold, and
<br />all appUrtinances; thereto, of frame construction and said residence house bekV
<br />upon:
<br />'T —fit TV-MY ice, b*V%V`a 'Wis front footage of One Hqro*red (100)
<br />ituated -an the ist side of the Fast portion of K4i4r Lake,
<br />and lwng on apart Of the Ebit-'Amlf of the Southwest Quarter (EjSW0
<br />'of SwUon Thlito6n (13). Township Eleven (11) With, Range Nine (9) ,
<br />Wiest df.:Ift In Hall County, Nebraska, bounded on the
<br />90dwly side by 'the common road,
<br />I*JudIng any. IsPmvenmts, accessions, accessories, parts, or equipment now
<br />gr harsAftw affixed hereto.
<br />"I
<br />T 111�_
<br />The Debtors warrant, that. the above-described property situated on said
<br />lessed P11114,11— Is free WW clear of all lions and encumbrances, that they will
<br />t.;_
<br />ual
<br />910 Y,.#Ma to the Lessor of such.
<br />Pe gft6nd rent.and any assessments pa
<br />when the same is due and payiMble and before the some beom*.
<br />A&
<br />all- personal taxes before the Same become delinquent; that they will maintain
<br />and pay #*. premiums far fire and extended coverage lnsura� on said In-
<br />T 111�_
<br />rents to the Lassos as required under their Lease or personal taxes before the
<br />Now become ddkm*mt, or said Insurance premium when due or If any attempt
<br />ba.mab to dispose Of or remve the said mortgaged Improvements from said
<br />pr*misss or It at any tim the Secured Party shall deem the said debt unsafe or
<br />insecuris. Including nonconformance by the Debtors with any of the terms of
<br />their Lem with their Lessor, the Secured Party Is authorized to enter upon
<br />"0
<br />The Debtors warrant, that. the above-described property situated on said
<br />lessed P11114,11— Is free WW clear of all lions and encumbrances, that they will
<br />t.;_
<br />ual
<br />910 Y,.#Ma to the Lessor of such.
<br />Pe gft6nd rent.and any assessments pa
<br />when the same is due and payiMble and before the some beom*.
<br />dGMAUSIA; "according to the provisions of Debtors' Was*,- that they will pay
<br />all- personal taxes before the Same become delinquent; that they will maintain
<br />and pay #*. premiums far fire and extended coverage lnsura� on said In-
<br />provamanti'i� an amount not less than the unpaid balance of'Wo Indebtedness;
<br />that If they fall to pay any such rents, -taxes before the saine
<br />,
<br />become dellisquent, or such pimmiums; w hen *0 that the
<br />Secured Party my pay the same, and y' such paymehu .13j. -the Secured Party.'
<br />S10111110 a part of this Indebtednem,.. ,payment of W1*ft shall bo secured by Ms
<br />re�xwity AS -sen t and Fintor 96tement sMil be "With civa and repaya
<br />by Debtors to the Secur*01 Pa V and doll bear Int~ aj msxIa6mi.I*Wj
<br />the
<br />f
<br />6, taxes; cw,., premium
<br />until the saine have been repaid to the SgWmd Party.
<br />It Is hereby agreed that If default be marls In On payment of said Note or
<br />any Wt thereof when clue or If the CObbr$ fall to pay ground rent and assess-
<br />rents to the Lassos as required under their Lease or personal taxes before the
<br />Now become ddkm*mt, or said Insurance premium when due or If any attempt
<br />ba.mab to dispose Of or remve the said mortgaged Improvements from said
<br />pr*misss or It at any tim the Secured Party shall deem the said debt unsafe or
<br />insecuris. Including nonconformance by the Debtors with any of the terms of
<br />their Lem with their Lessor, the Secured Party Is authorized to enter upon
<br />"0
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