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<br /> Additidnal Provisions
<br /> Debtor Warrame. . and Covenants: ( 1 ) That exceptfor the security interest granted hereby Debtor is. or to the extent that this agreement •
<br /> states that the Collateral is to be acquired after the date hereof, will be. the owner of the Collateral free from any adverse lien, . security-
<br /> interest or encumbrance and that Debtor will defend the Collateral against all claims and demands of all persons at any time claiming
<br /> si the same or any interest therein. (2 ) That no financing statement covering the Collateral or any proceeds; thereof is on file in any public •
<br /> ,4 office and that at the request of Secured Party. Debtor will join with Secured Party in executing one or more financing statements purse-
<br /> ,j.; ant to. the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and will pay the cost of filing such financing statt-
<br /> mont, this security agreement and any continuation or termination statement, in all public offices wherever filing is deerped by Secured
<br /> Party to be necessary or desirable; and if the Collateral is attached to real estate prior to the perfection of the securityinterest granted •
<br /> 9j hereby or if the Collateral includes crops - or oil , gas or minerals to be extracted or timber to be cut. Debtor will , on demand of Secured
<br /> ,., Party , furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons: having an; interest irl the .
<br /> real estate, disclaiming or subordinating any i :,terest in the Collateral which is prior to the interest of Secured Party. (3 ) Not to sell ,
<br /> k transfer or dispose of the Collateral , nor take the same or attempt to take the .same from the county where kept as above. stated, without
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<br /> the prior written consent of the Secured Party. ( 4 ) To pay all taxes and assessments of every nature which maybe levied or assessed „
<br /> tG against the Collateral . (5 ) Not to permit or allow any adverse lien, security interest or encumbrance whatsoever upon the Collateral , and
<br /> not to permit the same to be attached or replevined. (6 ) That the Collateral is in good condition, and that he will at his own expense,
<br /> keep the same in good condition and from time to time, forthwith, replace and repair all such parts of the Collateral as may be broken,
<br /> rc worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and that the
<br /> cf Secured Party may examine and inspect the Collateral ' at any time, wherever located. ( 7 ) That he will at his own expense keep the Col -
<br /> f lateral insured in a company satisfactory to Secured Party against loss, as appropriate, by theft, collision , fire and extended coverage,
<br /> ', with loss payable to Secured Party as its interest may appear, and will on demand deliver said policies of insuranceor furnish proof of
<br /> such insurance . to Secured Party. ( 8) At its option Secured Party may procure such insurance, discharge taxes, liens or security interests
<br /> or other encumbrances at any time levied or placed on the Collateral and may pay for the repair of any damage or injury to or for the
<br /> preservation and maintenance of the Collateral . Debtor agrees to reimburse Secured Party on demand for any payment or expense incurred
<br /> •- by Secur Party pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at the
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<br /> • rate of. per annum from date .of payment until reimbursement, shall be added to the indebtedness owed by Debtor end shall be secured
<br /> S} . by this'agreement. ( 9) That he will not use the Collateral in violation ,*
<br /> of any - applicable statutereguletion or ordinance and if any of the
<br /> Col lateralis motor vehicles the same will not be rented, used in rental service nor in any speed or endurance -contest ( 10) Debtor will
<br /> pay Secured Party any and ail costs and expenses incurred in recovering possession of : the Collateral . and incurred in enforcing this
<br /> security agreement, and the same shall be . secured by this security agreement. - . . . .
<br /> Until Default Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this agreement and not
<br /> " inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of
<br /> the Collateral .
<br /> Debtor Shall . Be in Default under this agreement upon the happening of any of the following events or conditions: ( 1 ) default in the pay-
<br /> ment or performance of any obligation , covenant or liability contained or referred to herein or in any note evidencing the same: ( 2) any .
<br /> warranty. representation or statement made or furnished to Secured Party by or on behalf of Debtor proves to have been false in any ma-
<br /> terial respect when made or furnished: (3) any event which results in the acceleration of the maturity of the indebtedness of Debtor to
<br /> others under any indenture, agreement or undertaking: ( 4 ) loss, theft, damage, destruction sate or encumbrance to or of any of the Col-
<br /> lateral , or the making of any levy, seizure or attachment thereof or thereon; ( 5 ) death, dissolution, termination of existence, insolvency ,
<br /> business failure, appointment of a receiver of any part of the property of, assignment for the benefit of creditors by, or sive commence-
<br /> ment of any proceeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debtor.
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<br /> Upon Such Default and at any time thereafter, or if it deems itself insecure. Secured Party may declare all Obligations secured hereby
<br /> immediately due and payable and shall have the remedies of a secured party under the Nebraska Uniforn Commercial Code. Secured
<br /> Party may require Debtor to assemble the Collateral and deliver or make it available to Secured Party at a place to be designated by •
<br /> Secured Party which is reasonably convenient to both parties. Unless the Collateral is perishable or threatens to decline speedily in•
<br /> value or is ofa type customarily sold on a recognized market, Secured Party will give Debtor reasonable notice of the time and place of
<br /> any public sale thereof or of the time after which any private sale or any other intended disposition thereof is to be made. The require-
<br /> ments of reasonable notice shall be met if such notice is mailed, postage prepaid, to the address of Debtor shown at the beginning of
<br /> this agreement at least five days before the time of the sale or disposition.
<br /> No waiver by Secured Party of any default shall operate as a waiver of any other default or of the same default on a future occasion.
<br /> The taking of this security agreement shall not waive or impair any other security said Secured Party may have or hereafter acquire for
<br /> the payment of the above indebtedness, nor shall the taking of any such additional security waive or impair this security agreement;
<br /> but said Secured Party may resort to any security it may have in the order it may deem proper, and notwithstanding any collateral secu-
<br /> rity, Secured Party shall retain its rights of setoff against Debtor.
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<br /> All rights of Secured Party hereunder shall inure to the benefit of its successors and assigns ; and all premises and duties of Debtor
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<br /> shall bind his heirs, executors or administrators or his or its successors or assigns. If there be a - I mune Debtor, their ii >bilities ,
<br /> hereunder shall be joint and several . �. D k }�
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<br /> This agreement shall become effective when it is signed by Debtor. t, •.. ', � ria
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