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I FINANCING STATEMENT 83- () 04'563 KNOW ALL MEN BY THESE PRESENTS: That, Michael Cacy, Single, and Arline F. Sorensen, A Single Person, whose address is #27, Kuester's Lake, Grand Island. Nebraska 68801, for the purpose of securing the payment of $39,400.00 and interest at 11.50 percent per annum, computed upon the unpaid principal balance, according to a Promissory Note described as follows: TWO HUNDRED NINETY-NINE (299) CONSECUTIVE MONTHLY INSTALLMENTS OF $400.52 INCLUDING PRINCIPAL AND INTEREST COMMENCING OCTOBER I, 1983, AND ONE FINAL INSTALLMENT OF $400.52 DUE AND PAYABLE SEPTEM8ER I, 2008. which Note was given to The First National Bank of Grand Island, Grand Island, Nebraska, the Debtor does hereby grant, mortgage and assign to The First National Bank of Grand Island, Grand Island, Nebraska, the Secured Party, the residence house, being an impl'ovement upon a leasehold and all appurtenances thereto, said residence house being situated as fo 11 ows : Lot One (1), Kuester's Lake, a part of the East One Half of the Southwest Quarter (SH;,,) of Section Thil'teen (13), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Neb ras ka. SEE ATTACHED EXHIBIT "A" FOR COMPLETE LEGAL DESCRIPTION. The Debtor warrants the above-described property is free and clear of all liens and encumbrances; that he will pay all personal taxes before the same become delinquent; that he 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 he fails to pay any such amount of taxes 01' premi ums, the Secured Pal'ty shall be a part of this indebtedness, payment of which shall be secured by this Financing Staten~nt, and interest thereon shall accrue at the rate of interest proveded in the Note of even date herewith, payment of which this Financing Statement secures. It is hereby agreed that if default be made in the payn~nt of said Note or any part thereof when due or if Debtor fails to pay said taxes before the same become delinquent or said premiums when due of if any attempt be made to di spose. of or remove sai d property fl'om Ha 11 County, Nebraska or if at any time the Secured Party is hereby authorized to enter upon the premises where said property may be; and thereafter receive all rents to apply on said debt or to sell said property at private or public sale, with or without notice, and out of the proceeds of such sale, retai n the amount then owi ng on sai d