DUDLEY, Justice.
On March 5, 1984, Garold Bennett executed a promissory note and security agreement in favor of appellee First National Bank of Searcy. The security agreement listed as collateral all equipment of the debtor presently owned or after acquired. On that same date, First National filed a financing statement which listed the collateral as follows:
1971 Chev. 3-ton truck s/n EC631P105202 1952 American 32' Tandem Trailer s/n...
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