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<br /> FINANCING STATEMENT"AND�SECURITY AGREEMENT
<br /> r U�Norm Commercial Code
<br /> � � � ,�,� .�� � � '9 9 1 � 1215
<br /> � ._: :��.; � . ;
<br /> (Instructions for preparing and hling Financing Statement and Security Agreement are on the reverse side)
<br /> FINANCING STATEMENT is presented to a filing officer for filing pursuant to the Uniform Commercisl Code. . y
<br /> 1. Debtor(s)-Securing Party(ies)(lest name first) 2. Secured Party and For Filing Otticer(Date,Time,
<br /> and Addresa(es includin CountyNGd�ebtors reaidence Address Number and Filing Office)
<br /> AVIONIC S�STE1�'�S� I FIVE POINTS BANR
<br /> 3661 N SKY PARK RD p,0. BOX 1507
<br /> GRAND ISLAND NE 68802-0307 GRAND ISLAND NE 68802
<br /> �oNoa. 47-0556289 �oNo. 47-0803224
<br /> 3. Assignee of Secu�ed Party and Address -
<br /> CREATION OF SECURITY INTEREST AND DESCRIPTION OF COI.LATERAL
<br /> Debtor,whether one or more,as security for(check only one):
<br /> � � all present and future indebtedness, liabilities and obligations of whatever nature of Debtor, or any of
<br /> them if more than one,to Secured Party,and all renewals and extensions thereof(the"Indebtedness")
<br /> O all present and future indebtedness,liabilities and obligations of whatever nature of
<br /> ("Borrower"),or any of them if more than one,
<br /> to Secured Party, and all renewals and extensions thereof (the "Indebtedness")
<br /> ❑ the indebtedness,liability or obligation of ("Debtor/Borrower")
<br />� to Secured Party evidenced by and all renewals and
<br /> extensions thereof (the "Indebtedness")
<br /> � o grants Secured Party a securiry interest in the following collateral,whether now owned or hereafter acquired by the Debtor,and in ali additions,
<br /> � o accessions,substitutions or replacements thereto or therefor and in all products and proceeds thereof:
<br /> � Y N
<br /> °,° Vo
<br /> om= LEASEHOLD IMPROVEMENTS OWNED BY AVIONIC SYSTEMS, INC SPECIFICALLY
<br /> ,.. �a DESCRIBED AS A MULTI SIDED, AIR BASE, 400# 12 SIDED BUILDING� AND A
<br /> � z W 42 'X100 ' STORAGE/SHOP BUILDING LOCATED AT THE ADDRESS OF 3593 SKY
<br /> ZQO PARK ROAD, GRAND ISLAND NE 68803 .
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<br /> --- All of the foregoing shall be referred to as the"Collateral."
<br /> 4. The above collateral which is or shall become a fixture on real estate described as follows:
<br /> � LAKE TOWNSHIP 35-12-9 , HALL COUNTY, NEBRASKA
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<br /> •y •� 5. Name s of record owner s if different than Debtor s Securin Pa ies :
<br /> � 1 � )� � )- 9 rtY(� )
<br /> <ti �"-
<br /> :a� � HALL COUNTY AIRPORT AUTHORITY
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<br /> :6 �p 6. �f checked here,this Financing Statement is to be recorded in the real estate mortgage records.
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<br /> '°� O WARRANTIES
<br /> `�„ v Debtor warrants that(1)the Collateral is used or being bought primarily for personal,family or household purposes;but if marked here —�- t
<br /> �_� � for business operations only,(2)the address of Debtors residence is as shown above and(3)Debtor will not sell or otherwise dispose o-i any of
<br /> � U the Collateral without consent of Secured Party.As to any of the Collateral being acquired by Debtor with the proceeds of any note(s),Secured
<br /> �". �: Party may disburse directly to the Seller of the Collateral.
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<br /> F`°' � DEBTOR AGREES TO ALL TERMS ON THE REVERSE SIDE AND TO ALL TERMS INCIUDED IN ALL SECURITY AGREEMENTS GIVEN TO SECURED PARTY
<br /> Euecuted this�THday of NCLILEMRF.1�—.�9�_
<br /> AVI NIC SYSTEMS, �� ���5 B
<br /> INC. �
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<br /> t�BC ton 5/88 S�ynsturo oti.rw..v ebtaa.. S�qnawro{s)ot -Sse dnq Perty )(slyn seeh peqs ssperstsly)
<br /> �eee H.na,.i e.�,k a com�,,..cs r�m a s.��s n..00acio�,,w,00m,N�n.k.
<br /> 1. FINANCING STATEMENT—FILING OFFICER'S COPY
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