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' UNIFORM COMMERCIAL CODE— FINANCING STATEMENT AND SECURITY AGREEMENT T�;,FINANCING STATEMENT and SECURITY AGREEMENT is presented � No.of Additional Maturity Date to i Filing Officer for filing pursuant to the Uniform Commercial Code: Sheets presented: 3. (Optionaq: 1. Debtor(s)(Last Name First)and Address(es): 2. Secured Party(ies):Name(s)and Address(es): 4. For Filing Officer.Time,Date l��DTHAUER, Vernon � Patricia THE RAVENNA BANK No.,Filing Office "!�F28� WESt Holling Road RAVENNA, NEBRASKA 68869 � •� ��$� l^lood River, Nebr. 68883 � '0 ,p No. 505-54-4865 ip No 47-0277600 5. Debtor hereby grants to Secured Party a security interest in the following property, whether now owned or hereafter acquired, (hereinafter referred to as the"Collateral").Check applicable boxes: INVENTORY ❑ All inventory of Debtor, including but not limited to all goods, merchandise, and other personal property that are held for sale or lease, or are fur- nished or to be furnished under any contract of service or are raw materials, work in process, supplies, or materials used or consumed in Debtor's business,and all products thereof,and substitutions,replacements,additions or accessions thereto. EQUIPMENT ❑ All equipment of Debtor, including but not limited to all machinery,vehicles,furniture, fixtures, manufacturing equipment,farm machinery and equip- ment,shop equipment,office and recording equipment,parts,and tools. FARM PRODUCTS ❑ All farm products of Debtor, including but not limited to 1) all poultry and livestock;2) all feed, seed fertilizer, medicines and other supplies used or produced by Debtor in farming operations; 3) all crops whether growing or to be grown; and 4) all crop insurance payments. "Livestock" includes but is not limited to all products,natural increase,purchase,exchange and issue thereof. ❑ All warehouse receipts, letters of entitlement issued by the Commodity Credit Corporation,or other documents issued for grains stored or to be stored, including all of Debtor's rights, title and interest in said receipts, letters and documents; and all government subsidy payments of whatever kind or form including but not limited to payment-in-kind,storage,deficiency and interest payments. ACCOUNTS AND RIGHTS TO PAYMENT ❑ Each and every right of Debtor to the payment of money, whether such right to payment now exists or hereafter arises, including but not limited to all present and future debt instruments, chattel papers,accounts, contract rights, insurance proceeds,choses in action, loans and obligations receiv- able and tax refunds. GENERAL INTANGIBLES ❑ All general intangibles of Debtor, including but not limited to applications for patents, patents, copyrights,trademarks,trade secrets,goodwill,trade- names,customers'lists,permits and franchises and the right to use Debtor's name. MISCELLANEOUS � All Irrigation Equip ent used and located on NE4-36-10-12 and NWi-36-10-12 together with all substitutions and replacements for and products of any of the foregoing property and together with proceeds of any and all of the foregoing property and all improvements,accessions,additions to,accessories,attachments, parts, and repairs now or hereafter attached or affixed to or used in connec- tion with any such property. 6. DescriptioJ�of Real Estate: f 7. To be Recorded in ./� �/, � �/�� [/ 3� � /O �/� /�� /_1 /�� Real Estate Records /1/ /�� /(/ l < <� !�f � 8. ame of Record w ers or Real Est e 9. Assignee of Secured Party and Address ' r�� ,�,�z -,�• ��, 10. The security interest granted hereunder is given to secure the payment and pertormance of each and every debt, liability and obligation of every type and description which Debtor may now or at any time hereafter owe to Secured Party (whether such debt, liability or obligation now exists or is hereafter created or incurred,whether it is currently contemplated by the Debtor and Secured Party, whether f.or payment or performance, whether evidenced by any instrument, agreement,or book account,and whether any documents evidencing it make a reference to this Financing Statement and Security Agreement,and whether it is or may be direct or indirect, due or to become due, absolute or contingent, primary or secondary, liquidated or unliquidated, or joint, several or joint and several).All such debts,liabilities and obligations are hereinafter collectively referred to as the"Obligations." 11 Debtor is �1 an individual(s); ❑ an individual(s)doing business as a proprietorship; ❑ a partnership; ❑ a corporation, ❑ a limited liability company;or ❑ (other). The Collateral will be used for [Ri agricultural purposes; ❑ business purposes;or ❑ (other). 12. If more than one person has signed this Financing Statement and Security Agreement as Debtor,the term "Debtor"shall refer to each of them separately and to both or all of them jointly; all such persons shall be bound both severally and jointly with the other(s); and the Obligations shall include all debts, liabilities, and obligations as defined herein owed to Secured Party by any Debtor solely or by both or several or all Debtors jointly or jointly and severally, and all property in Section 5 shall be included as Collateral, whether it is owned jointly by both or all of the Debtors or is owned in whole or in part by one (or more)of them. DEBTOR AGREES THAT HE HAS READ THIS DOCUMENT AND THAT THIS DOCUMENT INCLUDES AND IS SUBJECT TO THE ADDITIONAL PROVISIONS SET FORTH ON THE REVERSE SIDE HEREOF,SUCH PROVISIONS BEING INCORPORATED HEREIN BY THIS REFERENCE. Any person who signs their name within this box does so for purposes of granting Secured Party a security interest in the property described in this Financ- ing Statement and Security Ac�reement and assumes no obligation for repayment of any indebtedness. DATE NAME Executed this 1St day of December ,�s �9 . T btor cknowledge(s) ceipt of a copy document. SECURED PARTY: TO THE RAVENNA BANK � �� . �� Title ( (/'�Sf(�� �1988 U";L:°.S;":€� FORM 787-902 financing Statement and Security Agreement - FILING OPFICER'S COPY .