Pub. 15 2020-2021 Issue 2

NEBRASKA BANKERS ASSOCIATION 19 3. The social security number or tax identification number of the borrower; 4. A description of the farm products subject to the se- curity interest; 5. Each county in Nebraska where the farm product is produced or located; 6. Crop year, unless every crop of the farm product in question, for the duration of the effective financing statement, is to be subject to the particular security interest; and 7. Additional details of the farm product subject to the lender’s security interest if needed to distinguish it from other quantities of such product owned by the same borrower, but not subject to the particular se - curity interest. Neb. Rev. Stat. § 52-1307(4). Once filed, an EFS is effective for five years and may be extended for an additional five year period with an additional EFS or continuation statement. If a material change occurs with the lender’s borrower, such as a change in the borrower’s name, the lender must amend the EFS within three months of that change. CUSTOMER COURTESY SHIELDS A simple and quick way to protect your staff and customers Economy Available in narrow teller lane and CSR/Desktop size Basic Available in teller lane and CSR/Desktop size Premium Available in teller lane and CSR/Desktop size with 5 choices of base colors MHM MONEYHANDLINGMACHINES Contact us today for more info 800.228.2581 - MHM.inc COUNSELOR’SCORNER — continued on page 20