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t ___.___ ~ __ :FINANCING STATEMENT AND SEGLTRITY AGREEMENT Debtors (last came Hret) _. Secured party (lee) • , _ For FillnlZ Udlcer - . • •~ and°adtlreeats°' • ^- -- `~... ~ and at~dressea ~ .- ' Ruth .Ann Pfeiffer (;formerly The Federal Land Bank of Christenson) and Kenneth L. ~ Omaha- ~~ ' O~ Pfeiffer Farm Credit Building. iE5 izuester Lake j 19th & Douglas Grand Island, ?IE 68801 ~ Omaha, NE 6$202 Debtor, whither one or more, for consideration,hereby grams-to 9ecurediPartya security:mterestia the Lollpwing property aad any and si] increase, adds [lone.. accessions .and subetitutioas Chsreto or therefore (herelnsfter called thebollateiat):: Large, modern one level house with two bedrooms, 2~ bathrooms, kitchen, combination great room and dining room, family room, office and utility room. :Attached two car garage.. Exterior has stucco siding: and ceramic 'tile roof. If marked here ~$ Debtor granta:~:a eecurity,interesc-in all elmllar propertyowned by.Debtor during thetime the obllgatlons are outaundiag, although each property may IR acquired orbs'natural lncreasea[ter the date hereof. If marked here ]the security interest ahallattach toaU product and proceeds of Collateral; but Secured'Party doesnnY hereh?' consent to the sale of the ~-olluteral: 1[ marked here ^ Gebtor shall,ao tong aeno event. of default has occurred. havetheright inthe reguiarcourae ot'buainesr, to process and sell inventory and farm products only, butihesecurity iatereat shall: attach to all Droduct and proceeds oY allCollateral. If any of the Collateral has been attached to or is Lobe attacAed to real estate, or ilrthe Collateral includes cropsbr oil, gas or minerals to be eztractedar timber toiSe cut,'adeacrlpUonof the real estate is as follows: See Attached. Legal (Exhibit A) aad ths'name of the record owner otthe real estate ,a Rues ter Lake -mac a iVebrasxa Cor oration;: sub'ect to a _, -. ...._ . __ 3. lease in favor of Ruth Ann. Pfeiffer (formerly Christenson) dsted ?arch lp 19'S, and recorded as instrument no. 82-OD2092.% <Debtor e'arraate that unless marked otherwlae the Cbliateralisueedor being.:bought primarily for personal; iamily_orhense- hold 'DnrVoses;. but it marked here ~ for farming operations, iP marked here. ~ Lor business operations, and if marked:here ^ th r. CalLtsral=is Oeingacquired with theprocaeds of the noteor note& which Secured Partymay diabursu directly to the seller of the Collateral. Thls and all allied instruments are ezecuted to secure payment of theindehtednessby __ Vin('.. certain promissory note o1 ens date herelrith payatile to Secured Party,. or order, aaaoilowe:.. In the sum of $95,800.00 due December 1, 2001. together with the covenants in ttris. agreement, such addittonalsums as mayat the: optionoY.the Secured Partybe. advanced'~to Debtor, snch advances aeshall bemadeby SecuredPartyunder this agreement for theprotection. o[the Collateral, any and. all other amounts as shall in-any manner bedue from: Debtor. to Secured Partyand sil coats and expehaesincurred yin the collectionof same and enforcement ofrighta of-Secured. Party hereunder, allof--. theforegoingheing coilectivelycalled-the Obligacfons. DEBTOR:AGREES THAT HE HAS READ. THI5 AGR,~F.MENT AND THAT THIS AGREEMENT. INCLUDES AND IS SUBJECT TO THE ADDITIONAL PROVISIONS SETFORTH BELOW AND ON THE. REVERSE: SIDEHEREOF;THE SAMEBEING INCOR- PORATED HEREIV BY REFERENCE. Executed this. 2nd day o[: _ June y 82. : _.. _ ..._ _ -.._. _ --. ..9.. .__. The '.Federal Land Bank of Omaha ~~- ~~` ,.'~ f~ ./'._k.. .. _, _ _ _... _. ,__ ~.~. ~. r Secured Party ~ Debtor " ,/ Ruth Ann Pfeiffer {formerly Christenson). Special Agent ~ ~ y~ ca qf, lP coven ~t:~gFieeh .- Pfeeiffer