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FCBO 5048 (4.81) Pogo 1 of? Eighth Farm Credit District FINANelNGST ATEMENT AND SECURITY AGREEMENT-FLB r This financing staiementls presented to a filing officer for filing pursuant to the Uniform Commercial Code. Debtor(s) (last name first) and Address(es): KARLE, Earle H. & Viola A. Route 1, Box 398A Grand Island, NE 68803 No. of Additional 'Sheets Provided: Filing Officer: - 107411 5S*: Earle - #507-14-2413 SSIt or IDIt: Viola - #508-52-1716 Secured Party and Address: THE FEDERAL LAND BANK OF OM~HA. 206 S. 19th St.. Omaha, NE 68102 FTIN 47'0'3'921'68 Serv~ce Off~ce: Farm Cred~t 5erv~ces ~ Box 1808. Grand Island,NE 68802 Debtor, whetl1er one or more, for consideration, hereby granted to SElcured Party a security interest in the following property, and in all similar property owned or hereinafter acquired, and any and all Increases, additions, accessions and substitutions thereto or therefore, Including any proceeds thereof (hereinafter called the Collateral): All center pivots. wells. pumps. motors and equipment located on and used to irrigate said premises. and any additions to or replacements thereof. which items are declated to be a part of the deeded premises and appurtenant to said real estate. If any of the, Collateral has been attached to or is to be attached to real estate, a description of the real estate is as follows: SEC. TWP.- RG. sl/2 sWl/4 ---------------------------- 15 llN lOW of 6th P.M. Wl/2 NWl/4 22 UN lOW of 6th P.M. All in Hall County. Nebraska. (Continue on attached sheet,if necessary.) Tl1enameoflherecordowneroftherealestateis Earle H. Karle and Viola A. Karle. husband and wife Debtor warrants that unless marked otherwise the Collateral is used or being bought primarily for personal. family, or household purposes; but If marked here iii for farming operations, if marked here 0 for business operations. and if marked here 0 the Collateral is being acquired with the proceeds of the note or notes, which Secured Party may disburse directly to the seller of the Collateral. This and allallied instrliments are executed to secure payment 011 he indebtedness evidenced by one or more promissory note(s) payable to Secured Party, in the total principal amount of $ 118,700.00 ,payable according to the terms thereof, together with the covenants in this agreement, such additional sums as may at the option of the Secured Party be advanced to Debtor, such advances as shall be made by Secured Party under this agreement for the protection ollhe Collateral, any and all other amounts as shall in any manner be due from Debtor to Secured Party and all cosis and expenses incurred in the collection of same and enforcement of rights of Secured Party hereunder. all of the foregoing being collectively called tha Obligations, DEBTOR AGREES THAT HE/SHE HAS READ THIS AGREEMENT AND THAT THIS AGREEMENT iNCLUDES AND IS SUBJECT TO THE ADDITIONAL PROVISIONS SET FORTH ON THE REVERSE SIDE HEREOF, THE SAME BEING INCORPORATED HEREiN BY REFERENCE. paled necembAr' ~o .19 R7 DEBTOR(S) ~CG.Jz H Ie t~-- L. Earle H. Karle . , \. j ~i~J."ii' f..: ~~e I r1', l, - (over) (1) nil~'" i!i a t/Jt/urn If tiny to t)r,1 ',fH(I in tho {PAl (~S!,]tl~ 'PC 'f;~S "~':' ....1. .:~ r- ! ~ j , J ~.