|
<br />Hall County, Nabraska
<br />
<br />88- 105880
<br />
<br />(Data and hme)
<br />
<br />(Numoer)
<br />
<br />FINANCING STATEMENT
<br />KNOW ALL MEN 8Y THESE PRESENTS:
<br />
<br />That Fradarick J. Stubbendick and Wilma M. Stubbandick, husband and wifa
<br />of Kuestar Laka, R.F.O. #3, Hall County, Nabraska, Oabtors, fortha purposa
<br />of securing the paymant of $20,000.00 , and intarest at 10 par annum, com-
<br />~ Ited upon tha unpaid principal balanca, according to a Nota dascribad as
<br />follows:
<br />
<br />Oated tne 24th day of October ' 19~,
<br />in the original amount of $20.000.00 bearwg interest
<br />at 10.0 per annum, computed upon the unpaid principal
<br />balance, and payable in aqual monthly installmants of $214 9~
<br />par month, which will apply first upon interest and the balance 1n
<br />raduction of the principal, the first such monthly installmant pay-
<br />mant payable on the first day of December ,19.JlJL-'
<br />
<br />which note was given The Equitable 8uilding and Loan Association of Grand
<br />Island, Nabraska, the debtors do hereby grant, mortgage and
<br />assign unto said securad party the residance house, being an improvamant upon
<br />a leasehold and all appurtenancas therato, said residence house being situated
<br />upon:
<br />
<br />A tract of land in the East 1, of the Southwest Quarter of the Southwest
<br />Quarter (SW'/o) of Section Thirteen (13), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P. M., Hall County, Nebraska, being more particularly
<br />described as follows:
<br />
<br />With reference to the ~ortheast corner of said E1" SW'l, thence running on an
<br />assumed bearing of N 0 00" 00" W a distance of 69.30 feet; thence running
<br />Southerly bearing S 040 58' 30" E a dis~ance of 418.60 feet to the actual
<br />point of be9inning; thence running S 13 49' 17" E a distance of 88.40 feet
<br />then8e running S 770 42' 01" W a distance of 88.83 feet; then8e running
<br />N 16 06' 13" W a distance of 75.15 feet; thence running I~ 69 22' 34" W a
<br />distance of 92.45 feet to the actual point of beginning, also referred to
<br />as Lot 14 and the N1, of Lot 15, having a lake front frontage of 75 feet, and
<br />situated on the East side of the East portion of Kuester Lake, and being on
<br />a part of the E1,SW'l, Section 13, Township 11 North, Range 9, in Hall County,
<br />Nebraska,
<br />
<br />including any accessions, accessories I parts and equipment now or hereafter
<br />affixed thereto.
<br />
<br />The debtors warrant the above described property is free and clear of all
<br />liens and encumbrancas; that thay will pay all parsonal taxas before tha
<br />same becoma dalinquent; that they will maintain and pay the premiums for
<br />fire and extended coverage insurance on 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 />payments by the sacured party shall be a part of this indebtness, payment of
<br />which shall be secured by this financing statement and interest thereon shall
<br />accrue at the rata of interest provided in the note of even date herewith,
<br />payment of which this financing statement secures.
<br />
<br />It is hereby agreed that if default be made in the paymant of said nota or
<br />any part thareof when dua, or if debtors fail to pay said taxes before
<br />the same become delinquent, or said premiums when due, or if any attempt be
<br />made to dispose of or remove said property from Hall County, Nebraska. or
<br />
|