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RNANQNG STATEhVW AND CRY AGREEMENT in the following prolIe- ty checked below and any e Colialera7): +...a ..-ow.ar ,uacvean wean attar" to as Product and proceeds of Collateral, but Secured party does not hereby consent to the kk e Q Debtor.. iduilil; an long as 110 event: of default has occurred, have the ri ht in the mirular course of business, to Prc , se and wit at fife t tetai has t+eln�atta hed to or isttbebe a shall ttached ohreal ate product if the tCoroitu ere) 7nclfuCollateral. e rni s or of r t�110e'r to be cut, .a deacN,tion of the real estate is as rotlowa: I 1, gas or minerals to be SEE EXHIBIT A ATTACHED us of the record owner of the real estate is, and - .., Eingpahr., and. Smaline. M. Einspahr, - husband. -allsi d have tIAS for unlace marked otherwise the Collateral to used tr twine, 1 ul;hl primarily f, >r Itersonul. family or housele,ld ad here g toe fartntttg operaions,. It marked herr [[j� ttx tusiness nl,eratl w. and if market) here d the Collateral is being acquired ed with s of the note or notok wkieit Secured .Party may distwrae directly to the si•iler of the Collateral. 4 all silted Instruments are executed to secure pa].tment of the indebtedness by .._ a - -. -- certain prom) ],able to Secured pan • or order. an follows' Pr saot3' noUe_._..of even date a>!taua Tt�ieieafte�r'Iunfil 7 nua''aailig}��g.WiJ�,686er � sl�1 N 8lethe rate at the covenants In t agreement. such additional sutra as inay It the op4on chit he Secured Party be advanced due o Debtor eufelt �� shall be made by Secured Party under this agreement for the protection of the Collateral, any and all other amounts as shall lo any We from Debtor to Secured Party and all costs and eapensea incurred to the collection or ss.n.. o.,w .,....,_..�_.._. rose N-I Rev. 1W (l -or ARrleultum) 't Reg. Vice Pres. (nvcr) ORIGINAL INCLUDES AND IS SUBJECT TO THE UF, BEING INCORPORATED HEREIN �._ . -... _ -- ......_ . S btor yy��,, SS X508 38 0429 -- Spa }I]Ileebtor ... --' — COME= DESCRIPTION OF COLLATERAL: All collateral as described on page 1 except as specifically amended as follows: 5,280 feet of 8" and /or 6" gated irrigation pipe; one 8" and one 6" Layne Bower Turbine - PumKI, #70869 and #N10752; three 60 H.P. M & M 336A Natural gas motors, 430101416, 30101117 and 30100269. PART I: The West Half (W /2) of the Southwest Quarter (SW /4) of Section One (1), Township Nine (9) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska. PART II: The Northwest Quarter (N -114/4) of Section Twenty (20), Township Eight (8) North, Range Nine (9), West of the 6th P.M., Adams County, Nebraska, except the tract described as follows: Commencing at the Southwest corner of said Northwest Quarter (NW /4) and running thence North on the West section line 443 feet; thence running East 338 feet; thence Southerly to a point on the South line of said Northwest Quarter (NW /4) which is 363 feet distant east of the point of commencement; and thence West on said South line to the point of commencement, subject to statutory road, and except the North 450 feet of the East 250 feet of said Northwest Quarter (NW /4). 17 I I