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<br />ALL PURP05E~NEBR,
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<br />Hulfman and Felton & Well, Walton, Ne. 68461
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<br />FINANCING STATEMENT & SECURITY AGREEMENT
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<br />Debtorl.) (1.&.. N....e fiUl &lid Addles.(es):
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<br />S<<ured Parlyliu): Nam~I~) .nll ^,h1r~""le.)
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<br />l"or Filinlf om"u, Tim~, D.t~.
<br />No., Filinlf Of~.,.,
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<br />corporation
<br />Shirley 1DchaJ:d 505-72~ 1481
<br />James ~ 507-70-0354
<br />P. o. Box 576
<br />Grcm:1Island, NE 68802
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<br />Fed. ID'
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<br />Nebraska corporation
<br />c/o phyliis C. Schmidt
<br />P. o. Box 2352
<br />Grand Island, NE 68802
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<br />88- 101815
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<br />Shirley & Jim, Inc. A Nebraska Lincoln street Manor, Inc., a
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<br />Fed. ID# 47-04604125
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<br />CREATION Of SECURITY INTEREST AND DESCRIPTION OF COLLATERAL
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<br />OebtOf, whethe, one 0' mOle, as security fOf all Debtor's pTesent and future indebtedness and liabilities of whatever nature to secured party, and all
<br />,mewals and elttensions the,eof, gt'Mts Secured Party a security interest in the following collateral, whether now owned or hereafter acquired and in
<br />additions, accessions, substitutions thereto, and all products and proceeds thereol:
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<br />All inventory, furniture, fixtures, equiprent, appliances, office equiplTEIlt, nachinery,
<br />and all other per&lnal property and replacarents (as sh.c:Mn on EKhibit "AI', located
<br />upon or used in: connection with the operation of the residential and dcmiciliary care
<br />hc:Ite known as LIKXll.N STREEl'MANJR,- ." located upon the leasehold described as
<br />follows:
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<br />Fractional wts 'lbree (3) and Four (4), Block 'lWenty (20) 1
<br />in R:>llin's Addition, and its canple:rent, fractional Lots
<br />'1bree (3) cm:l Four (4), Block One (1), Arnold and Abbots
<br />Addition, all in the City of Gran::l Island, Hall County,
<br />Nebraska, kIDwn as 1015 liest Fourth Street and 383 North
<br />Lincoln Avenue, Grand Island, Nebraska.
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<br />'lhis Financing Statenent and Security Agreenent is payable pursuant to the Purchase
<br />1\greEIIent executed on March 31, 1988.
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<br />WARRANTIES
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<br />OebtOf WI""" 1M. the Collatetal is used Of beinl bougtlt primarity for personal, family or household purposes; but if mal ked here D for farming
<br />_Itions, - - . - if .-ked hefe IKl fOf business operatillls.
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<br />If ..ked hefe D lite CoIlllefa' is bein, acquired with the pToceeds of the note or notes, which Secured PaTty may disbuIse directly to the seller 01
<br />the CoI'lterlt
<br />Eaecuted this . 31st . day 01 March . 19 BB-. THIS AGREEMENT INCLUDES ALL THE PROVISIONS ON THE REVERSE SlUE.
<br />LlHX.(.N STREEl' fVH)R, JR:. SHIRLEY & JIM, INC.
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<br />By Cf>~e ~ By 'I:.
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<br />. . ... . Secured Pllly .. President Deblor Shir ley Iockard
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<br />By ~ '!\~~ ? \'~(\J\ A
<br />BY :'. ~. Sl'.l'rley lix:kard
<br />.. Dblfll'll~t;j l#iKeU:t\
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