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<br />FCBO 5048 (4-87)
<br />Page 1 of 2
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<br />Eighth Farm Crodlt District
<br />FINANCING STATEMENT AND SECURITY AGREEMENT-FLB
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<br />This financing statement is presented to a filing officer for filing pursuant
<br />10 the Uniform Commercial Code.
<br />
<br />No. of Addilional
<br />Sheels Provided:
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<br />Debtor(s) (last name first) and Address(es):
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<br />Filing Officer:
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<br />Uden, Lewis J. and Verda M., Husband & Wife
<br />Larry Uden and Uden Farms, a partnership
<br />Rural Route #2
<br />Wood River, NE 68883
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<br />SS#orID~ 507-48-5677 505-42-9819
<br />Secured Party and Address: THE FEDERAL LAND BANK OF OMAHA, 206 S. 19th St., Omaha, NE 68102
<br />FTIN 47-0392168
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<br />Debtor, whether one or more, for consideration, hereby granted to Secured Party a security interest in the following property, and in all
<br />similar property owned or hereinafter acquired, and any and all increases, additions, accessions and substitutions thereto or therefore,
<br />including any proceeds thereof (hereinafter called the Collateral);
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<br />3 - 12,500 bushel, Round Steel Grain Storage Bins
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<br />I - 19,600 bushel, Round Steel Grain Storage Bin
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<br />If any of the Collaleral has been attached to or is to be attached to real estate, a description of Ihe real estale is as follows:
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<br />SW~ of Section 33, Township 9 North, Range 11 West of the 6th P.M.,
<br />Hall County, Nebraska
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<br />The name of the record owner of the real eslate is Lewis J. Udell, Verda M. Uden. Husband and
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<br />(Continue on attached sheet. if necessary.)
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<br />Larry Uden and Uden Farms, a partnership.
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<br />Debtor warrants that unless marked otherwise the Collateral is used or being boughl primarily for personal, family, or household purposes;
<br />but if marked here ~ lor farming operations, if marked here 0 lor business operations, and il marked here 0 the Collateral is being
<br />acquired with the proceeds of the nole or notes, which Secured Party may disburse directly to the seller of Ihe Collateral.
<br />
<br />*
<br />This and all allied instruments are executed to secure payment of the indebtedness evidenced by one or more promissory note(s) payable
<br />to Secured Party, in the total principal amount of $ 359, 711. 86 ,payable according to the terms thereof, together
<br />with the covenants in this agreement, such additional sums as may at the option of the Secured Party be advanced to Deblor, such
<br />advances as shall be made by Secured Party under this agreement for the proteclion of the Collalersl, any and all other amounts as shall in
<br />any manner be due from Debtor to Secured Party and all costs and expenses incurred in the collection of same and enforcement of rights of
<br />Secured Party hereunder, all of the foregoing being collectively called the Obligations.
<br />* as modified by a Restructure Agreement dated P"-;L-'iff! .
<br />DEBTOR AGREES THAT HE/SHE HAS READ THIS AGREEMENT AND THAT THIS AGREEMENT
<br />INCLUDES AND IS SUBJECT TO THE ADDITIONAL PROVISIONS SET FORTH ON THE REVERSE SIDE
<br />HEREOF, THE SAME BEING INCORPORATED HEREIN BY REFERENCE.
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<br />, 19 ??"
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<br />Datad
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<br />DEBTOR(S)
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<br />Lewis J U en
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<br />Partner
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<br />~ ~2{.c/nJ Verda M. Uden --.l"a~~.2:'~~~
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