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FINANCING STATEMENT KNOW ALL MEN BY THESE PRESENTS: Hall County, Nebraska to an ime — r That Lk- Lamar L. Garrelts and Mona A. Garrelts, husband and wife, of Kuester Lake, R.F.D. #3, Hall County, Nebraska, Debtor , for the purpose of securing the payment of $40,000.00 , and interest at 12% per annum, computed upon the unpaid principal balance, according to a bond described as follows: Dated the 13th day of March 19 85 in the origins amount of $40,000 oo bear ng interest at 129, per annum, computed upon the unpaid principal balance, and payable in equal monthly installments of 8480__07 _ 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 April , 1%5 which bond was given The Equitable Building 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 appur- tenances thereto, said residence house being situated upon: Lot Seventeen (17), having a lake front foota;fa of One Hutxircaci itn Feet (110') , situated on the West sine of try Last Portion of Kuester Lake, ann being on a hart of thL, EgSWi In Se Thirteen (13) , Township Eleven (11) Forth, Mange hij Le ( 9) , bye st of tl 6t.'� 1'.M., in Hall County, Nebraska, including any accessions, accessories, parts and equipment now or hearafter affixed thereto. The debtors warrant the above described property is free and clear of all liens and encumbrances; that tt y 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 nrnnerty in an amount not less than the unpaid balance of the indebtpdnegs. 'That if ttm,y fail to pay any such taxes or premitnns, that the secured party may pay the same and any such payments by 7