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<br /> S�tGI,'�'I'Tf AG��1b�NT AND FINANCING STA'I'E11+�NT .- � . . �
<br /> 9�- 1U'7�'�3 �� _ .. °, .; -
<br /> LC��as�r u91�nea b�t&�¢sx pr�sentst � �
<br /> TI�David Pa�trsrs aad Rose Powers,Husband and Wife,of#I S Kuesters Lake,Grand � � ,�,. .
<br /> Fslaad,lVE b880Il,D�BTORS,for the purpo�e of sscuring the paymeat of�IO,OOO.OU . _. . . ._ �.
<br /> us�d imteresc af 9.00 gercent uudal annual pxrcentage rate accordin$to a Program Lendin8 .-_ - : - ::.:_,°:.:.
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<br /> Note de�n'b�d as follows; Progam Leading P1ote#105310 daied Septemiier 20, 1996, , ,
<br /> in the amaunt of�a10,000AU with a�nIIUat interest rate of 9.00%,payable 2o Union�ank :�•,;;;r.j ; .
<br /> a�d Tni�Caamany of Grand Islaad,Neb�aslca,with it's main office ai 2008 North Webb �: _,� . .� .
<br /> Ra a d,G r a n d I�u u d,N,br�s k a,the a��'LtEI�PARTY,the de3�tors do Itcre�y gr��2, , k`r ,
<br /> ,,Q~Y��Si����"�' r,'I "
<br /> m�rtga�e and assign iurto said Secv.�c-�a'�zty ti��L-�use and all other i�r�x���nts IIow � �� ;s�.._ .r.�,�
<br /> or hvreafter�ituuted on a leasehold,�.t��3 K���s Lake,Crand Lsland,LeI�s�G8801, ,:' ���`�:, f. '`-:,..:.
<br /> � �`�.
<br /> . ansi all appurteu�nces tteereto,af fi�m��nsiruction and sai��2ase bein;si#uaL�ed r���z ,,f,: ; '."��: '•°�;:�'�;�_
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<br /> i�<,'.� Lat 17,hanr�ng�Yake fr��f�otage of 75 feet,an.d being on t�e West s���the Westerly
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<br /> �f� p�r¢ion of Keie�rs Lake,and bein�on a part eft�East Half ofthe So�;.-�wag+t Quarter ,_�
<br /> -v-'Y�iv.f
<br /> : � (El/2S�ifI�;4�imSection Thirteen(L��;Tow�s��£feven(2 3}�torth,Itange Nine(9� � '''
<br /> Was�af the 6th P'.Ni.,in Hall Coum;�,r,.�i�bras'.c�Lrounded on��Westerly said by the _.' ,
<br /> �- :� o�mmon ra�i.Iucluding any imgra-��is,�'a,a�ons,accessories,parts.or e�uipment _� . ,. � . °
<br /> �. f:'" ".���``�,�; .
<br /> ' �aw or h�reaft�r affixed IZ�to. -
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<br /> � The de'ow�cvarrant that the a��s�descn�c-��perty�rated on said leased g�s�s ;,:�:� . � ;. .�,�
<br /> � is free mid elas�r Af alI lier.s and encumbrances,ttr���.Y vu���ay the annu�l gou.�.�.s�t
<br />`' :� and any a�+�ments payaCle to the tessor of sucit'i��ed premises when t����is due
<br /> � and payab{ti and before t�e same become deliBque�t,according to the �.�' �ons of
<br /> ..• - D�atora'le��:that they wU pay all persflnal taxes before the same becosne delinquea.� �- ::��;
<br /> :�'�,,
<br /> ; tbat thay w�l m�intaia and pay the premiums for fi re an d exten d e d coverage insu�n�€� �
<br /> said'unpmv�nmits in an amount not less than the unpa�d b a lance o f t he in d e bt e d ness;that r�+',�
<br /> "'" ifthay flni to pay�any such rents,assessmems or taxes before the same become delinqu�nt, �-'=
<br /> .. _£i£,�±_
<br /> , ar such pm�niwns when the same become du�,that the 5e�ured Perty may pay t;.e sam� . - �j_
<br /> .:, and any srach pQpments by the Secured Party sbaU be a part of this indebtedness.PaYmem ,�;�,%;
<br /> of wbich s��ll ba secured by this S�urity Agreement and Finaacing Statement shall be �� L�
<br /> }: fvt�,hwiili dn�and rega.y.�1:1?e by Debtors to th�Seauity Party and shall bear interest at the rv'�.
<br /> • r.��mum lu,gtil'rate frc�x:�e time of sixch paymient of rents,assessments,taxes,or �l^� - .��
<br /> `' premium�uniil€he same have been zepaid to the Secured Party. '�-��
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<br /> . �.:j It i�h��e.greed that if default be made in the payment of said Note or any part -
<br /> �, d�re9f tivt�¢n aluc or it t.�te Debtors fa�7 to pay ground rent and�ssessm�uu4s to the Lessor �`"'�"#���=�
<br /> . � � as reqaiacd t�ndsu their Lease or personal taxes before t�►e sa�e become delinquent,or said -
<br /> . $ insurnnc�praniums when due or if any attempt be made to dispose of or re�ove the s8'rd _ ` ��:�:•
<br /> ! u�ort�ag�unpinvements from said premiscs or if at any time the Secured Parry shall deem '-- ------------�
<br /> " rize s�Sd d�?i�un�afe or insecure,i�cluding non confomiance by the Debtor with any of the _;--�-��,.._
<br /> term�of d��r�•Lg�se with their Lessor,the Secused Party is authorized to enter upon the �,,�,,,3„�u.�
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