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<br />79--Ut14332 <br />NDTE AND SECL~2ITY AGREEMENT <br />Dated: May 26, 1578 Due Date: June 1, 1974 <br />D~tALD FISGHER and MARILYN FISCHER, hereinafter celled the Debtor, <br />and KENNETH WI[~HART and DCl3IS WICI~HART, hereinafter called the Secured <br />Party, agree as fnllnws: <br />1_ ThF I]Fahtnr hprahu nr^nL~ to thn Sar mnri Party a ritu <br />~-----~ -- -.._ ..._ o> > <br />interest in the collateral described in paragraph 2 to secure the pay- <br />ment of the Debtors' obligation to the Secured Party under paragraph 3. <br />2. The property ~hieh is subject to the security interest created <br />by this agreement q nsists of pers3nal perperty located on Lnts 11 and <br />12 of Kuesters Lake, being a part of the East Ilne-hslf of the 8outhmest <br />Quarter CEyi[3,Section i3, TD~,nship 11, Range 4, Hall County, Nebraska. <br />3. Far value recieved, Donald Fischer and Marilyn Fischer promise <br />to pay fie the cider of Kenneth Wit*hart and 9oris Wic+~hart the sum of <br />#5,t30D.f2D, together ;pith interest at the rate of 1296 per annum, an or <br />before June 1, 1979. <br />b. In the event that the Debtor fails to pay as required under <br />paragraph 3, the principal amount ar~i accrued interest sha13 bat~me <br />i:nediately due and payable a~x+ the Secured Party shall be entitled <br />to any anti all remedies under the L6nifcrs~ Caiarteercial Code of the State <br />of Rabraska. - <br />~. r' ~ ~. <br />Wald Scher <br />~~ a; <br />ri yn is er <br />