|
� � , �E-RECpRDED
<br /> � � 99��s;�sa: 99- i�S193
<br /> This is a security agreement pursuant to the Uniform Commercial Code as enacted by the State
<br /> of Nebraska and Beneficiary shall have all rights and remedies of a secured party with respect
<br /> to said collateral under the Uniform Commercial Code as enacted by the State of Nebraska.
<br /> Trustor warrants to Beneficiary that, except for the security interest created hereby, Trustor
<br /> owns good title to said collateral and, as to said collateral hereafter acquired, Trustor will own
<br /> good title to said collateral, free and clear of all liens, security interests, encumbrances and
<br /> adverse claims of any kind whatsoever. No fixtures or equipment (including, without limitation,
<br /> watering, irrigation and frost protection equipment and apparatus) shall be removed from said
<br /> real property without the prior written consent of Beneficiary, except that Trustor shall have the
<br /> right, without such consent, to remove and dispose of free from the security interest hereof
<br /> such fixtures and equipment as may from time to time become worn out or obsolete, provided
<br /> that Trustor shall, simultaneously with or prior to such removal, replace such removed fixtures
<br /> or equipment with replacement fixtures or equipment having a value, quality and utility at least
<br /> equal to the removed fixtures or equipment. Trustor shall, at Trustor's expense, execute and
<br /> deliver to Beneficiary such financing and continuation statements covering said collateral as
<br /> Beneficiary may from time to time request. All agreements of Trustor herein, and all rights of
<br /> Beneficiary herein, relating to said real estate shall apply to said collateral whether or not
<br /> expressly referenced herein.
<br /> TOGETHER with and including all and singular the tenements, hereditaments,
<br /> appurtenances and privileges thereunto belonging or in anywise appertaining, whether now or
<br /> hereafter acquired, which shall include, without limiting the generality of the foregoing, the
<br /> following:
<br /> All of the rents, issues and profits, including all rents, royalties, bonuses, and benefits
<br /> under any existing or future oil, gas or mineral or other leases; all easements and rights
<br /> of way; all rights of homestead and homestead exemption and any surviving spouse's
<br /> marital or distributive share, and all other contingent rights in and to said premises; all
<br /> water, water rights, whether riparian, appropriate or otherwise and whether or not
<br /> appurtenant, all ditch rights, and any shares of stock evidencing any such water or ditch
<br /> right; and
<br /> All of the foregoing estate, property and interest hereby conveyed to the said Trustee is
<br /> hereinafter collectively referred to as the "Property".
<br /> TO HAVE AND TO HOLD the same unto the said Trustee, his successors and assigns,
<br /> forever, IN TRUST HOWEVER, and WITH POWER OF SALE hereby expressly granted unto
<br /> the said Trustee, his successors, and assigns for the purpose of securing:
<br /> (a) The payment of Trustor's just indebtedness to Beneficiary in the principal sum of
<br /> ONE HUNDRED SIXTY THOUSAND AND NO/100 Dollars ($160,000.00) for
<br /> money borrowed, with interest thereon, all as evidenced by and in strict
<br /> accordance with the terms of that certain promissory note, hereinafter called the
<br /> "Note", bearing even date herewith made payable to the order of Beneficiary,
<br /> executed by ROLAND ENGEL, A/K/A ROLAND R. ENGEL AND SANDRA
<br /> ENGEL, A/K/A SANDRA E. ENGEL, A/K/A SANDY ENGEL and providing for the
<br /> Initials: �,�
<br /> 4 �
<br /> l.7 • � ' � r
<br />
|