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79-~~)'7~2 3 FINANCING STATEMENT KNOW ALL MEN BY THESE PRESENTS: That Delmar L. Garrelts and Mona A. Garrelts, husband and wife, of Kuester's Lake, R.F.D. #3, Hall County, Nebraska, debtors, for the purpose of securing the payment of $ 19.267.29 and interest at 22.2?1 per annum, computed upon the unpaid principal balance, according to the bond described as follows: Dated the 25th day of October, 1979, in the original amount of 519,267.25 bearing interest at 12.25! per annum, computed upon the unpaid principal balance, and payable in equal monthly install- ments of $255.9$ per month, which will apply first upon interest and the balance in reduction of the principal, the first such .. ].1 __ ~ t__~.- ..]mil ~ tL. ~. ['2 Fs1. =7 .~~~ nF ~T71 Li11 ~f 111s Ld.11LiG124 paYllleSlt pa~'61,1~. all L11C LWCI1tV-111 L11 i16Y U1 vovember, 1474. which bond given First Savings Company 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 Seventeen {17), having a lake frant footage of One ~handred Ten Feet {110'), situates: on the West side of the East portion of !Coaster lake, azsd being an a part of the East Half of the Southwest a~artez (E~rSii'~) in Section Thirteen {13), Township Eleven {11) North, ?,3nge Nine {9) West of the 6th F.2,., in Hall County, ebraska, including any accessions, accessories, parts and equipment now or hereafter affixed thereto. 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 indebted- r+ess. !teat if they fail to pay any such taxes ar premiums, that the secured party map pay the same and any such payments by the secured gastq shaJ.l be a part of this indebtedness, payment of which shall be secured by this financing statement and interest thereon shall. accrue at the zeta o~ interest provided in the bond of even date