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FINANCING STATEMENT AND SECURITY AGREEMENT
<br />Debtors (last name flret) Secttred.PYrtp(iw) For 1?'l11tf6 OIlleer
<br />and addrewee and tddtewes '
<br />The Federal Land Bank of
<br />Olraha
<br />Farm Credit wilding
<br />14th and Douglas
<br />Omahs, NE 68102
<br />Hunnicutt Land Co.,
<br />a Nebraska Corporation
<br />Box 86
<br />Ciltaer, NE 68841
<br />8~.. ~tt~a7~ri
<br />Debtor, whether one or more, ter consideration; hereIIy grants to 8ectued Party a-seoarlty interest- taE tim~ t6llowlat yrpy-m5~' ,_' -
<br />--.sue
<br />sad say and alt Increase, additions, accewions and auhaUtutioaa thereto of Werefore (hereiaatter called- ttae Gp11a13eeaij - -
<br />A13 wells, pumps, motors, systems, and equipment used for irrigation purposes, inclatilg?
<br />but not limited to one 1981 Valley Centel Pivot, eight tower system,. Seria°1 No. 38112;
<br />Model No. 4865, approximately 1,280 feet.
<br />It marked here Q Debtor grants a security interest in all similar property owned by Debtor daring the time the obtfsationran- -
<br />ovtstsnding, although each property stay be acquired or be natural increase attar the date hereof..
<br />If marked here (] the security interest shall attach to all product and Droceeda of Collateral, bnt Secured Party dose not hereby
<br />consent to the sale of the Collateral.
<br />If marked here ~ Debtor shall, eo long se no event of default has occurred, have tLe right in We regular comae of~busfaew, to
<br />Droceas and sell inventory and farm products only, but the security interest shall attach to all product and proceeds of s11 CollatenL
<br />If sal of the Collateral has been attached to or is to be attached to real estate, or R the Collateral includes crops or oil, gas or
<br />mlaetals to be et:trected or timber to be cat, a deecripUon of the real estate is as follows:
<br />S~ and Nt?ySW'-4 (excepting a tract of. ground one rod wide across the South
<br />cad of the Northwest Quarter ^f the Southwest Quarter (NW'~yS{~) of Section 1$.
<br />Township 9 North, Range 10 West of the 6th P.M., Hall County, Nebraska.
<br />sad the name of the recorA owner of the real estate ia_ ----Hunnicutt, Land_ Co., a Nebraska Corporation
<br />Debtor warrants that unlew marked otherwise the Collateral is used or being bought primarily for personal. family or house-
<br />bold Durpoass; Dut tt marked here $gfor tarmiag operations, if marked here ~ for business operations, and if marked here ~ the
<br />Collateral ~ Deing acquired with the proceeds of the note or notes. which Secured Party may dlebvree directly to the seller of the
<br />CollatenL
<br />Th4 and all allied lnetrttments are eaeeuted to --cure payment of the tndebtednew by o_ne -certain promisaery note of
<br />even date herewith psyable to Secured Party, or order, as toliows:
<br />In the stem of $439,600 due August 1, 2010.
<br />to{ether with the covenants in thle agreement, such addttlonat Bums as may at the option of the Secured Party De advanced to
<br />Debtor, such advances as shall be made by Secured Party under this agreement for the protection of the Collateral, any and all
<br />other amounts ae shall In any manner be due from Debtor to Secured Party and all costs and expenses incurred in the collection of
<br />rime and enforcement of rights of Secured Pony hereunder, all of the foregoing being collectively called the Obli~a[tone.
<br />-.DEBTOR AOREEB THAT HE HA9 READ THIS AGREEMENT AND THAT THIS AGREE*!n`NT INCLUDES A,YD IS SL'13JECT
<br />"_ TO: THE ADDITIONAL PROVISIONS 9ET FORTH BELOW AND ON THE REVERSE SIDE HEREOF, THE SAME BEING INCOR-
<br />PO$ATED F.a.REIN BY REFERENCE.
<br />Btaeett(eA tnm__..... 4th. - - .-....day of . June , Is 81 .
<br />Hunnicutpt Land Co., a ebraska Corporation
<br />The Federal Land Bank of Omaha ,~ ~~J n __
<br />__ ... -._.._ y
<br />_. g .~f u- .. !fir.. .- --~.--`~~
<br />__ Secured Party ~ ~~ - Debtor J
<br />~ Gerald D. Hunnicutt, President
<br />~/~
<br />1 ~. i'
<br />By -t-.f~.~u,e.i... ..kYr.~etL.-- .....-.: a ATTES~: ,', -
<br />tr
<br />Spe al Agent - ••.Debwr, .. .<< ..~ _
<br />Y°rsr?' fit. Luci.l.l.e Hunnicutt, Secretary
<br />I~CS~:~
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