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Any fixttues described above is affixed oa is to be affixed to the rea',E esrtate described as follows: 9 ~. ~~ Farm(s) or Other Reat E"state Owner ,TADS M. H1tRl10A Appramimate Count;p and Approrimate Distance and No. of Acres State Direction from a Named Town 39o =sores AA i.i• ~+4: SW~6F~ 9-9-' 2 Lots 3 & It in ~ of Platte 3iver 16-g-12 Iota 1,2,~ N'+J~ 16-~-12 Item 3. A11 farm and other equipment which may hereafter be purchased by Debtor with the proceeds of the loan des- cribed herein. Itt. DEBTOR WARRANTS, COVENANTS. AND AGREES THAT: A. Debtor is [he absolute and exclusive owner of the above-described collateral, an3 any marks or brands used to describe livestock are [he holding brands and cazry the title, although the livestock may have other marks or brands, and such collateral is free from all Liens, encumbrances, security and other interest except (1) any existing liens, encumbrances, security or other interests In favor of Secured Party which shall remain in full force and effect: and (2) other liens, encum- brances, security or other interests, as follows: Exchange Back of Gibbon will have second lien position. and Deb[or will defend the collateral against the claims and demands of all other persons. Reference to the above liens, encumbrances, security and other interests is for warranty purposes only and does not indicate their priority. B. Statements contained in Debtor's loan application(s) are true and correct; and Debtor will (1) use the loan funds for the purposes for which they were or are advanced, (2) comply with such farm and 'Home management plans as may be agreed upon from time to time by Debtor and Secured Party, (3) care for and maintain the wBateralin a good and husbandlike manner, (4) insure [he collateral in such amounts and manner as may be required by'Secured Party, and if Debtozfails to do so, Secured Pazty, at its option, may procure such insurance, {5) permit Secured Party to inspect the collateral at any reason- able time, (b) not abandon the collateral or encumber, conceal, remove, sell or otherwise dispose of it or of any interest therein, ar permit others to do so, without the prior written consent of Secured Party, and (7} not permit the collateral to be levied upon, injured or destroyed, or its value to be impaired. C. Debtor will pay promptly when due all (1) indebtedness evidenced by the note and any indebtedness to Secured Party secured hereby, (21 rents, taxes,-insurance premiums, levies, assessments, liens, and other encumbrances, and costs of lien searches and maintenance and other charges now or hereafter attaching to, levied on, or otherwise pertaining to the collateral or this security interest, {3) filing or recording fees for instruments necessary [o perfect, continue, service, or terminate this security interest, and (d) fees for and other chazges now or hereafter required by regulations of the Farmers Home Administration. At all times when the note is held by en insured holder, Debtor shall contfnur_ to make payments on the note to Secured Party, as collection agent for the holder of the note. D. When the note is insured by Secareo Party, Debtor will indemnify and save harmless Secured Party against any loss by reason of anv default by Debtor. E. At all times when the Hate is held by an insured holder, ar.-. amount due and unpaid underihe terms of the crte to which the holder is entitled may be paid by Secured Party to the holder of the note for the account of Debtor. Any amount due and unpaid under Fhe terms of the note, whether it is hr_fd by Secured Party or by an insured holder, ma_y be credited by Secured Partp on the note and thereupon shall constitute an advance by Secured Party for the account of Debtor. Any advance by Secured Parley as described in this paragraph shah bear interest at tee note rate from the date oo which the amount of the advance was due to the date of payment to Secured Party, provrded that Borrower shail'oe required to pay interest on only the pzincipal portion of suelt advance tmfess o...erxse prcvdty ., the regulations of the Farmers Home Admu-ristratie~n. F. Whether ar Hat the note is insured by Secareu Party, Scouted Party may at any time pay any other amounts requited herein to be paid by llebtor and not paid by him when due, including any costs and expensesforthe preservation or protection of the collateral or this security interest, as advances for the account of Debmr. All such advances shall bear interest at the note rate until paid to Secured Party. G. All advances by Secured Party as described in this instrument, with interest, shall be immediately due and payable by Debtor to Secured Party wit}tout demand at the place designated in the note and shalt be secured hereby. Nc such advance by Secured Party shall relieve Debtor from breach of his covenant to pay. Any payment made by Debtor may be applied on the note or any indebtedness to Secured Party secured hereby, in any order Secured Party determines. H. !n order to secure or better secure the aforesaid obligations or indebtedness, Debtor will exec'u1a and deliver to Secured Party at 9ny time, upon demand, such additional security instruments on such real and personal property as Secured Party may require.