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<br />..-aTBANKS
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<br />\~,r,:lj
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<br />88- 103137
<br />
<br />Security
<br />Agreement
<br />
<br />DATE
<br />
<br />May 10
<br />
<br />.19 88
<br />
<br />ilEBmR
<br />
<br />TRIAD PROPERTIES LIMITED
<br />PARTNERSHIP. .' BY TRIAD INVESTMENTS f:i#!JED
<br />:CORPORATION G' . '
<br />
<br />~,
<br />'..'ilisIJENcE
<br />AD/JRESS
<br />.~&,
<br />1lP CODE
<br />
<br />ADDRESS
<br />
<br />NORl4EST ,. BANKNIi:BRASKA,
<br />NATIONAL;ASSOCIATION
<br />
<br />202 wtST'rlJIRD STREET
<br />P.O. BOX 1768
<br />
<br />P.'O. BOX 188
<br />
<br />ALDA NEBRASKA 6
<br />
<br />CITY.
<br />5IIf1E &
<br />ZlPCOOE
<br />
<br />
<br />1.,' 8e1Mt1'1'''''. CWIlIffrII, ' iii Sl/W" rllt (JIYmfnt and perfrJtrrWI<o 01_ and.../)' debt, IIBIJIJIty anti obI/gBl/on 01 overy type and duafplion w/i/ch DIIIIor F/I'f IfQII' II( 8l1tr/ "me
<br />hilIeiIIrJr ciw'II to SIlcuIlld Pa1I)i(rIheIher such dobI, 1IIb/1/ty or obIJpalion _ fIlI/Srs or /s IIt,taller rnatfd or InCUfl'<<l, wIIet1Ier n /s CImIl/ly CtlIltemp/atfd by tho 0ebI0I antIlieI:mId PiIrl); IfhoIMr
<br />Itr/dDcuments tMr*ncJngnrot&r totlrl! SIlcurlty A{/reemenr, whMhern lllises wItfI orwlthour anydocumrnts (e.g, obligations to SIlcuIlld Pa1I)irnatfdbycllecldng ownhIb), antIrrlIatlltd /sor
<br />F/l'fblllloectorlmfltct. MorlOlIBctlmellull. absoIurtorconffngenl, pIimIry or _ry.I/qu/datfd orunllqufdatfd, orjolnr, sowraIorjolnt antI_; all suclllIllbIJ. /IIJJIIIIJa andobl/t1llllJnS
<br />bIikrJIhlJmiicd/l1CllVely:nirmdtoll$ tho "ObIIgatiolls"), IJo/Jta' hetobyf'lll/s _Pattya sacurlfylnlrlnlsl(_calilJdtho "SIlcurtty "'IrlnlsI'7intho foIIowing/llllPllllY(henJIn Cllfedllle "CoIIiIItJmI'7
<br />(chiii:k IlpJII/i2IJIrJ Ilo.ies afltl compfa/llnlormation): '
<br />
<br />(a) INVENlVfiY:
<br />
<br />o N1l1wenllltyol DebIor, whether now owned or """'an., acqulllld afltl wherever Ioc8ffH1:
<br />
<br />(b) EOIJiPMENr. FAI/M PRODUCTS AND CONSUMER GOODS:
<br />
<br />o AH~t oIDebIor, whatlH1rnow _or herNhtr acqulllld, Inc/utlngbur not IlmIIed rollll prestnl and MU1fmachlnoty, vo/1icJes. /umilum.1Ixluras, mBIIU/acIurlng lJQlI4>
<br />menl, /rrmflllClliMry antIoquipmenl, shop equipmanr, offlct.ntI ~ngequlpmanl, pam and looIs, and IIIttJOOt/$ rIest:rIbIId/n ltr/equJpment schoduifJorPsl.horrttIIh
<br />orhetealf8rlumbhedtoSllcurer/Patty by 1Jo/Jta'(l>uIIlO such _ orbslneedbeTurnlshedIn01lklrlorlllesacurlfylnlrlnlslf1BJlfet/hlnintobll WJlidlStoalloflJo/Jta') aquipmenI).
<br />
<br />o All 111m ptlltM:Is 01 0ebIrJr. whalher _ owfltllJ or """'aItor acqu/IIId, including bul not HmIffH/ 10 (I) all poufloy and evestot:k antIl/JeIr)QJllf/, J1IDIk/S lhoreoIandpmtjx;a-.
<br />(bJailCIlI/lS. whatherlll11wa1orpetfnll/aJ, andthoproducts_. and(fij}allletJd, sted, fe1tHIlor. _fIfIsanrJothersuppliesusedorpmtjJcedbyOebtor/nla/mlng~
<br />d(Iv) Itr/ crop insur.lnce payments and Itr/ govemmen/ farm SlJ(JIlO1l fJJYfrIrnts. /ndutlng Itr/ tivOfs/on 01 rIr1IIcIrncy payments. 11Ia tIJIIIeslatf concemet1w1tf1l11ellbtwedescrflet1
<br />crops growing or 10 be grown Is:
<br />
<br />anti /he narm"JlIho rrJro1d 0""''' Is' __...__._' __. _...__,___..._
<br />!l 11Ia IoIIowing tJOOt/$ or type. 01 QIXld"....Mdgllll1en.t..4lLLe.as.e.....da.t'&d..5-1 0-8 B._b.. h.......n 'I'd ed Properties
<br />LJlI!i~.."d P~r.tnership..II N.e.bras.klI L1mi.tedPad:nership, l"AA()'" And '1',..-1 ad
<br />.f!'!.S!:,!mer CQrpQJ:llt1Qn.. .a.Ne.bra.ska. COIp.oration._lessee_,'","" attll('hed)
<br />
<br />(e) ACCIlUN7S AND OfHER IUGII1S TO OOMENr
<br />
<br />o Eac/randMl)'rlQ/IIrrfOebtorro tho_Irrf"""""" _her sucIInghl ropayrnent now olllslsor_ arisos. ~ ~rlQ/IIro(JlYmfnt_/IUloIa......_or
<br />oilier dlS/fC5ItiOn oItJOOt/$ or tJIIIerP/O/lOflYbyOebtor; lIUI 01 a rendering of_by 00bI0r; lIUI of aloin bjt 00/JIlJr; ClU/ 0/Il1o IWtf/lBJ1IIOfIt rrf/msDlIllhor lielltiarrf 00bIDr.
<br />orOlhtlrlriJo_undotllllY coatrar:I 01"'-, _ ~.lopaymenrisOlIsn<<~_bjtper/ot:rnlnce.lInd__rlQ/IIlopaymontllVfbll~
<br />IIJge/JWfth iJ/lIIhorr9IB IInd lnCorosIS (/rJduIIingaIJlions rndsoamty inlrlnlsll) whlchDolJlormay.tany limo h.We bjtlB OI.".omentBf/linSl any_dl/JlDrorlllhorOllfgor
<br />~rQ ",.....ny _ _nllN ~MlItr/ 01"'" propBIfyol suchaa;wnl_or other QbIIr/IIt; aillrIt:Iut,IIng MIlOI /imlfWtoaIJ/lIIISOntandfurUlll dIlbIlnSllullltlllts.
<br />chattel PiJfJt;n. 1ICWUIJts. Itwns and obiIgatlOtIS ff!CeIyabk: ind talC refunds.
<br />
<br />[J
<br />
<br />(d) GENSlAL INTANGIIII.ES
<br />
<br />o AI~"IM9l*' ofDo/Jlot, __CJfOfItIlJfJI 1HItoaII!t1lCt/UflOd,/ndudng, bul norll7lillldlO, ~/I(W lor paIM/1"""'/1 ~ ".,."....l1iiio_ fPIJI/
<br />.,iI, ,,-..mo,. cu5lomet5' N5I. ptrmn'.nd IrincJu5O'. anti tho rlghl'o U50 00bI0r....",.
<br />
<br />/O{/O/1IIt 10IIII,,_ and ~/s lor BntI/lIrKiIct, ofltr/ ofllle /omgoing 1JIOIlOftY not COII!IIIuIIng ClIIlwmor goOlI5 antllOf/llher orfIh ~of .nyand all oIl11e 1otogo/ngJII-'Yand,1n
<br />1llec;a,.n1"/angiOIoCQlaIlrBl.IOfIII/IfJr_iII """....... and....1II tho ClIO ofcomumergDOds,lri/1OIher wItfI'(IJ IIIIBCalssoms. artM:hmen/1/lBTfS. ef/I#menI and""'" nowor_._
<br />or aI/iJrfd 10 or _.. CIIntJloC1lOO -IIIIY sur:h _", and (ii) II/.,a_so fICeI/J/111i11J oflatlng and other documonts of rnIo now or _ CfWtf/ng such gDOds,
<br />
<br />I. ~ """'_""""'11. 1Jo/Jta'_",rs. orarran/Sand_"",1
<br />ta) 0IbI0t1S 0......-, QlI.-.r>A [J ._fIllI. lOIbIotisan-.t, thoOlblot...-isar",.-"'ofOlJltDrsr.n.,IIIe/lor1tllllnl1rrff/JIs...",.,,1
<br />(bJ 11IaCoMi/OfiJ...."'usedlfOfflBII/rlor [! DtfSOOl/l,larrulyorltolr__: 0 /armllIfIllpOf'''''''': Klbl/5ltleu_
<br />(C) 0 II anr pan 01 ill 01 tflt tiJf1(JIbJt C~mr~ tNIO lJt1C.OrM so relrlt!f1 to JW1tCUlar real eslat~ IS 10 become a fixtute. the real estat! ConcernM IS _
<br />
<br />and/heflil7lfllJ/f/lfrororr/""",,,"
<br />(1/1 Oebtor..__rrHi<:eIsIocBloflal__,...._______,..
<br />Ill: lleII-' altho_ofOrlllorU1OWn.'ttJebit/lnllitllloftllisAgreement,
<br />
<br />THIS AGREEMENT CONTAINS ADDmONAL PROVISIONS SET FORrH ON THE REVERSE SIDE
<br />HEREOF, ALL OF WHICH ARE MADE A PARr HEREOF.
<br />
<br />N~~JlT ,~lC _~~J!-M.~M,.Ji!\UQN.M....AS,SQGJ.(\UON
<br />StcInd!Wlr~ //ami
<br />~-~~
<br />
<br />r<!lr ~8.ill't~dent'
<br />
<br />TRIAD PROPERTIES LIMITED PARTNERSHIP, BY
<br />TRIAD m.!j:l'JJ",~..'.t'S_ ,.c::-'llil'QRA'llON..-G.ENE.RALURTNER
<br />IJo/Jta'~N"""
<br />
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<br />/ly
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<br />
<br />1I!.'U.1T1~&wi ~..'UoIr~.l'.1UIl.l-'.ll
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