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2 200410759
<br />produced from, or used in connection with said real property, and all substitutions, replacements,
<br />additions, accessions, products and proceeds of or to said collateral, to wit:
<br />A 56' x 27'4" off -site manufactured home with attached garage and porch,
<br />manufactured by FUQUA, together with all equipment, fixtures, improvements,
<br />buildings and the plumbing, heating, ventilating and lighting systems and equipment
<br />therein and all pumps, pumping stations, motors, engines, machinery, reservoirs,
<br />pipes, flumes, fences and other machinery or equipment used for the production of
<br />water on said premises.
<br />This is a security agreement pursuant to the Uniform Commercial Code as enacted by the
<br />State of Nebraska and Lender shall have all rights and remedies of a secured party with respect to
<br />said collateral under the Uniform Commercial Code as enacted by the State of Nebraska. Borrower
<br />warrants to Beneficiary that, except for the security interest created hereby, Borrower owns good title
<br />to said collateral and, as to said collateral hereafter acquired, Trustor will own good title to said
<br />collateral, free and clear of all liens, security interests, encumbrances and adverse claims of any kind
<br />whatsoever. No fixtures or equipment (including, without limitation, watering, irrigation and frost
<br />protection equipment and apparatus) shall be removed from said real property without the prior
<br />written consent of Lender, except that Borrower shall have the right, without such consent, to
<br />remove and dispose of free from the security interest hereof such fixtures and equipment as may
<br />from time to time become worn out or obsolete, provided that Borrower shall, simultaneously with
<br />or prior to such removal, replace such removed fixtures or equipment with replacement fixtures or
<br />equipment having a value, quality and utility at least equal to the removed fixtures or equipment.
<br />Borrower shall, at Borrower's expense, execute and deliver to Lender such financing and
<br />continuation statements covering said collateral as Lender may from time to time request. All
<br />agreements of Borrower herein, and all rights of Lender herein, relating to said real estate shall apply
<br />to said collateral whether or not expressly referenced herein.
<br />Borrower conveys the foregoing security together with and including all and singular the
<br />tenements, hereditaments, appurtenances and privileges thereunto belonging or in anywise
<br />appertaining, whether now or hereafter acquired, which shall include, without limiting the generality
<br />of the foregoing, the 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
<br />rights of way; all rights of homestead and homestead exemption and any surviving
<br />spouse's marital or distributive share, and all other contingent rights in and to said
<br />premises; all water, water rights, whether riparian, appropriate or otherwise and
<br />whether or not appurtent.
<br />All of the foregoing estate, property and interest hereby conveyed to the said Trustee is hereinafter
<br />collectively referred to as the "Property ".
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