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' � '��.� � , , - __ _ ..+<d .: _ .. - : _ __- --- ---� ' _ . FIMIINCING STA� s3- sos�s KNOW ALL dIEN BY THESE PRESENT: -"! - That LeRay W. f�'brton and Linda L. Mbrton. husbgnd and Wife� of -- Grand Island� Nebraska, Hall County� Nebraska, Debtors, for the purpose of securing the payment of $72,000.00, and at an initial rate of 4.875� - per annum, computed upon the unpaid principel balance, according to a bond described as follows: — ----- Dated the 10th day of Navembcr. 1993, in th� ariginsl amount of $?2,0OO.OD bearing an initiel interest rate of 4.8?5'� _ per annum, computed upon the unpaid principal balance, _------ and payable in equal monthly i�stellments of $415.68 per - month, which will apply first upon interest and the balance _��r _ in rEduction of the principal, the first such monthly in- stallment payment payable on the first day of January, �,yr� 1994. The interest rate will not increase or der.rease -��wnnw✓.�.ra _ _ more than once every 12 months, and then by no more than _ _°- 2.0�. 7he minimum interest rate on this loan will be no - -=-_ -- less than 2.875'�. The maximum interest rate on this loan will be no more than 9.8?5�. The payment amount will not increase or decrease more than once every 12 months. ��• '�3:� — which burid was given the Home Federal Savings and Loan Association � :�, of Grand Island. Nebraska, the debtors da hereby grant. mortgage = and a�sign unto said secured party the residence house, being an im- provement upon a leasehold and all appurtenances thereto. said resi- ::�� dence house being situated upon: : = Lot 7. having a lake fi•ont footage of 86 feet, situated on the East side of the West portion of Kuester Lake. and being a part of the E 1/2 SW 1/4 in Section 13, Township = 11, Renge 9, in Hall County, Nebraska a/k/a a tract of ..,� land in the East Halt ot the Southwest Quarter (E 1/2 SW ° 1/4) of Sectian 13, Township 11 North, Range 9 West of the 6th P.(�., Hall County, Nebraska said tract being the � property occupied by the resxdence known as �62 Kuester�s -- Lake, said tract being more particularly described as follows: with reference to the Northeast corner of said E1/2 SW1/4, (center of said 5ection 13); thence running on an assumed —= bearing of N90 degrees 00' 00" W on the North line of said - — �'";�'� E1/2 SW1/4, for 699.12 feet; thence S01 degree 29' 33" E for2T7.00 feet; thence S 14 degrees 22' 39" W for 641 .80 feet to the actual point of beginning; thence SO4 degrees - -- 4?' 1?" W for 80.00 feeti thence 587 degrees 42' 29" W ..= for 155.50 feet; thence N 12 degrees 34' S7" W for 83.25 _.— feet; thence N 88 degrees 30' 33" E for 180.30 feet to _ _ — the point of beginning� such Lot is as shown on a plat i.n the possession of the Lessor, including any accessions, acessories, parts and equipment now or hereafter affixed � thereto. The debtors werrant the above described praperty is free and clear of all liens and encumbrancesi that they will Pay all personal taxes before the same becane delinquenti that they will mai�tain and pay the premiums for fire and extended coveraqe fnsurance on said praperty in an emaunt not less than the unpaid balance of the indebtedness. That if they fafl to pay any such taxes or premiums,