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FINANCING STATEMENT AND SECURITY AGREEMENT ^ Uniform Commercial Code 1. Debtors} The YMCA and YVrCA New Building Corporation The Grand Island YMCA Holding Corparation Yaung Men's Christian Association of Grand Island, Nebraska 1111 West Fourth Street Grand Island, Nebraska fi8802 and Young Women's Christian Association of Grand Island 105 East First Street Grand Island, Nebraska 68801 2. Secured Party(ies} Commercial National Bank & Trust Co. 424 West 3rd Street Grand Island, Nebraska 68801 CREATION OF SECURITY INTEREST ANn DESCRIPTION OF COLL.9TERA L D ebtor, whether one or more, as security for ail of Debtor's present and r„t„rp ~nrl¢htnanPSS and liabilities of whatever nature to Secured Party, and ail renewals and extensions thereof, grants Secured Party a security interest in the fallowing collateral, whether now ownad or hereafter ac- quired by the Debtor, and in additions, accessions, substitution thereto; and aII products and proceeds thereof; Including, but aot limited to the following: Leasehald improvements described as follows: Steel framed construction with masonary walls. The dimensions being 120 feet wide by 3SU feet long located on property described on attached exhibit "A". Assignment of all current and future pledge.: of money or in-kind services to the Y3~ICA and YWCA New Building Corporation. Accounts Receivable, Furniture, Fixtures, Equipment, and Inventory of the Y 13CA and YWCA L3e~v Building Corpora#fon, The Grand Island YIigCA Holding Corporation, Young ll+ten's Christian Association of Grand island, Nebraska, and Young Women's Christian Association of Grand Island, aad Aa assignment of a lease, dated Itilay 1st, 1978, between the City of Grand island, a municipal corporation, in Hall Caunty, Nebraska, and the Yaung Men's Christian Association, The Young Women's ChristianAssociation, and The YMCA and Y'M'CA New Building Corparation. This lease is scare specifically described in Exhibit "B". WARRANTIES D ebtor warrants: The Collateral is used or being bought primarily far personal, #amily ar household purposes; but if marked here I'or farming operations, --------if marked here x -~or~business aperations only, the address of Debtor's residence zs as se~iown above, and the Debtor Will not sell or otherwise disease of any of the collateral with- out consent of Secured Party. As to any° colla#eral being acquired by Debtor with the proceeds of any note or notes Secured Paris may disburse directly to the Seller of the Collateral. TINS AGREFAiE'.'T 1'vCLi?DE5 ALL THE PROVIS1O1tiS t7N THE REt%ERSE SIDE . Executed this 29th daz e+f March 19 79 Co 2 Na o Ba ~/&,Tprust Co. '' !, ~. sc ar aug . (Secured Party) The Y\SCA and I'Yi'CA New Building Corparation by: '~ ijeaSkrvJ^~ _. ~-. _. ,. ?