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200510859 Including any accessions, accessories, parts and equipment now or hereafter affixed thereto. The debtor(s) warrant(s) the above described property is free and clear of all liens and encumbrances; that he/she (they) will pay all personal taxes before the same become delinquent; that he/she(they) will maintain and pay the premiums for fire and extended coverage insurance on said property in an amount not less than the unpaid balance ofthe indebtedness. That ifhe/she(they) fail to pay any such taxes or premiums, that the secured party may pay the same and any such payments by the secured party shall be a part of this indebtedness, payment of which shall be secured by this financing statement and interest thereon shall accrue at the rate of interest provided in the note of even date herewith, payment of which this financing statement secures. It is hereby agreed that if default be made in the payment of said note or any part thereof when due, or if debtor(s) fail(s) to pay said taxes before the same become delinquent, or said premiums when due, or if any attempt be made to dispose of or remove said property from Hall County, Nebraska, or if at any time the secured party shall deem the said debt unsafe or insecure, the secured party is hereby authorized to enter upon the premises where said property may be and thereafter receive all rents to apply upon said debt, or to sell said property at public or private sale with or without notice, and out of the proceeds of such sale retain the amount then owing on said debt, with expenses attached to the same, rendering to the debtor the surplus, after the whole of said debt shall have been paid, with charges aforesaid. Wln7(Jr(S)ttriS~8TH_daYOf OC(~R~;' a C~ ~PRA@~ -~ J --~-- (GORDON H PEDERSEN) (PAMELA M PEDERSEN) EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND By: ~ ~r-- DA VID DOHMEN (Title) State of Nebraska ) ) ss County of Hall ) On this 2..8TlL_. day of OCTOBER. 2905, before me, the undersigned, a Notary Public within and for said county, personally came GORDON H PEDERSEN AND PAMELA M PEDER~~l\,J. HllSBAND ~tlD_~!Er;~ who is (are) known to me and known to me to be the identical person(s) whose name(s) is(are) so affixed to the foregoing Financial Statement, and does(do) acknowledge(s) execution thereofto be his/her (their) voluntary act and deed for the purposes therein set forth. Witness my hand and notarial seal the date last above written~ . ~_IfJTARY-Statl~_ ~~~"'~~- CATHERINE J.SHURTLEFF Notary Public ........."""~~ My Comm. Exp. ~ \""\ \ () '\