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88- 104148 FINANCING STATEMENT KNOW ALL MEN BY THESE PRESENT: That JAMES D. SWIATOVIAK AND LAUREN F. SWIATOVIAK, husband and wife, of Grand Island, Hall County, Nebraska, Debtors. for the purpose of securing the payment of $72,900.00. and at an initial rate of B.5% per annum. computed upon the unpaid principal balance, according to a bond described as follows: Dated the 27th day of July, 19B8, in the original amount of $72,900.00 bearing an initial interest rate of 8.5% per annum, computed upon the unpaid principal balance, and payable in equal monthly installments of $560.54 per month, which will apply first upon interest and the balance in reduction of the principal, the first such monthly installment payment payable on the first day of September, 1988. The interest rate will not increase or decrease more than once every 12 months, and then by no more than 2.0%. The minimum interest rate on this loan will be no less than 7.0%; the maximum inter- est rate on this loan will be no more than 13.5%. The payment amount will not increase or decrease more than once every 12 months, which bond was given the HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA, the debtors do hereby grant, mortgage and assign unto said secured party the residence house, being an improvement upon a leasehold and all appurtenances thereto, said residence house being situated upon: LOT TWENTY EIGHT (28), SITUATED ON THE WEST SIDE OF THE EAST PORTION OF KUESTER'S LAKE, AND BEING ON A PART OF THE EAST HALF OF THE SOUTHWEST QUARTER (E,SW!) OF SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH. RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA. The debtors warrant the above described property is free and clear of all liens and encumbrances; that they will pay all personal taxes before the same become delinquent; that they will maintain and pay the premiums for fire and extended coverage insurance on said property in an amount not less than the unpaid balance of the indebtedness. That if they fail to pay any such taxes or premiums, that the secured party may pay the same and any such payments by the secured party shall be a part of this indebtedness, payment of which shall be secured by this financing statement and interest thereon shall accrue at the rate of interest provided in the bond of even date herewith, payment of which this financing statement secures. It i~ hereby agreed that if default be made in the payment of said bond or any part thereof when due, or if debtors fail to Day said taxps