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FINANCING STATEMENT
<br />� 100164
<br />KNOW ALL MEN BY THESE PRESENT:
<br />That LeRoy W. Morton and Linda L. Morton, husband and wife, of
<br />Grand Island, Nebraska, Hall County, Nebraska, Debtors, for the purpose
<br />of securing the payment of $52,900.00, and at an initial rate of 8.251
<br />per annum, computed upon the unpaid principal balance, according to
<br />a bond described as follows:
<br />Dated the f f h day of , 190, in the original amount
<br />of $52,800.00 bearing an initial' interest rate of 8.251 per annu,
<br />computed upon the unpaid principal balance, and payable in equal
<br />monthly installments of $396.69 per month, w`iich will apply first
<br />upon interest and the balance in reduction of the principal, the
<br />first such monthly intal.lment payment payable on the first day
<br />of March, .198 ?. The interest rate will not increase or decrease
<br />more than once every 12 months, and then by no more than 2.01.
<br />The minimum interest rate on this loan will be no less than 7.51.
<br />The maximum interest rate on this loan will be no more than 13.51.
<br />The payment amount will not increase or decrease more than once
<br />every 12 months,
<br />which bond was given the Home Federal Savings and Loan Association
<br />of Grand Island, Nebraska, the debtors do hereby grant, mortgage and
<br />assign unto said secured party the residence house, being an imorovemen
<br />upon a leasehold and all appurtenances thereto, said residence house
<br />being situated upon:
<br />Lot 7, having a lake front footage of 86 feet, situated on the
<br />East side of the West portion of Kuester Lake, and being a part
<br />of the E 1/2 SW 1/4 in Section 13, Township 11, Range 9, in Hall
<br />County, Nebraska a /k /a a tract, of land in the East Half of the
<br />Southwest Quarter (E 112 SW 1,/4) of Section 13, Township 11. North,
<br />Range 9 West of the 6th P.M., Hall County, Nebraska said tract
<br />being the property occupied by the residence known as #62 Kuester's
<br />Lake, said tract being more particularly described as follows:
<br />with reference to the Northeast corner of said El /2 SW1 /4, (center
<br />of said Section 13); thence running on an assumed bearing of N90
<br />degrees 00' 0011 W on the North line of said E.1 /2 SWI /4, for 609.12
<br />feet; thence SO1 degree 29'331' E for 277.00 feet; thence S 14
<br />degrees 22' 3911 W for 641.80 feet to the actual point of beginning;
<br />thence SO4 degrees 47' 17" W for 80.00 feet; thence 587 degrees
<br />421 29" W for 155.50 feet; thence N 12 degrees 341 5771 W for 83.25
<br />feet; thence iN 88 degrees 30' 33" E for 180.30 feet to the point
<br />of beginning, such Lot is as shown on a plat in the possession
<br />of the Lessor, if- irluciing any accessions, accessories, parts and
<br />equipment now or hereafter affixed thereto.
<br />The debtors warrant the above described property ir, free and clear
<br />cf all liens
<br />and
<br />encumbrances; that they
<br />will pay all persundl taxes
<br />hef;j,e the Sari1P•
<br />beC.Ome deli.nquPrit; that
<br />they will, maint:;.n and pay the
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