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<br /> Additidnal Provisions
<br /> . Debtar Wartants arxl Cove�ants: ( 11 That except for the security interest granted hereby Oebtor is, or to the extent that this c+greoment
<br /> states that the Collateral is to 6e ecquired after the date hereof, will bo, the owrer of tlieCollatorat free from any adverse Ilc+n, securiry � �
<br /> � interest or encumlxance; and that �ebtor will defend the Collateral agaiost all claims and domands of all p�rsons at any timo cl�iming
<br /> the same or any interest therein. (2� That no financing statemont cov�rinp the Collateral or any proceods thereof ic on filo in any {wblic
<br /> . office and that at the reeriiest of Securod Party, Do6tor will join with Secured Party in exxuting one or rtwre finenci�g statements pursu- .
<br /> ant to the Ne6raska Uniform Catmiercial CaJe M fomi satis!actory to Securod Party anA will pay the cost of filing such financing stato-
<br /> mont, this security agreanent and any continuation or termination statement, in all public ofiices wherevor filing isdeemed by Secured �
<br /> - � Party to be necessary or desirable; and if the Collatoral is attached m real estate prior to the perfection of tlie securiry interest granted
<br /> horeby or if the Collateral includes crops or oil, gas or minarals to Ao extrar.ted or timber to be cut,� Debtor will, on demand of Secured � �
<br /> � Party, fumish Secured Party with u disclaimer or disclaimers or subordination apreement siqned by all persons hsvinp an interest in iho
<br /> . real estate, disclaeminp or subordinating any interest in ihe Collateral K�hich is prior to tfie interest of Secured Party. (31 Not to sell, �
<br /> trnnsfer or dis{wse of the Collateral , nor take the sama or attompt to take tho sane from the county whore kept as abnve stated, without
<br /> the prior written consent of tho Securod Party, (4 ) To pay all taxes and assessments of every na[ure which may bo levied or assessed
<br /> against the CollateraL �61 Not to permit or allow any adverse lien, security interost or oncunhrance whatsoever upon ihe Colla¢eral, and ' � �
<br /> � not to pertnit the snmo to be attached or replevined. I6� That the Coflaterel is in good conAition, aixl that he will at his own oxpense,
<br /> � keep the ssmo in pood cond(tion and frcun time to tima, torthwith, replaco and rnpair all such parts of the Collareral as may be broken,
<br /> , worn out or damaged wiffiout aliowing any lien to be created upon tho Collateral on account of such mplacement or repairs, and that the
<br /> Secured Party mxy examine and inspxt Me Collateral at any time, alierever located, (7� That he will at his own axpynse keep tlie Col-
<br /> 4;� � lataral Insared in a corrhany satislactory to Secured Party against loss, as appropriato, bY thett, coilision, (ire and exte�ded coverage,
<br /> � with loss payaWe to Secured Party as its interest may appear, and will on domand Aoliver said policies of insurance or fumish proof of �. �
<br /> . such insurance to Securod Party. (A) At its option Secured Party may procure such iosurance, discharpe tax[ss, liens or securiry interests
<br /> �� or otfier encumbrances at any time levied or placed on the Coliateral and may pay for tlie repair of any damaAe or iniury to or for the
<br /> . preservation and maintenance of the Cotlaterol . Debtor ogrees to reimburso SocuredPartyon demand tor any payment or expenso inwrred
<br /> by Socu Party pursuant to the forepoing authorization. Until such reimbursemont, the amount of any sudi payment, with interest at tlie
<br /> " � rate of�6 per annum ftom date ot payment until reimtxirsement, shall be added to the indobtedness oHrod by Debtor and shall be secured
<br /> 6y this &greernent. (9) ihai he will not use tlie Coilateral irvviolation ot any appiicable statute, repulation or ortiinance and it any of tho
<br /> �� �� Coliateral is� motw vehicles the same will not be re�ted, used in rental sen��ca oor in any speed or endurance contesL � 70) Debtor will
<br /> _ pay Securod Parry ahy and all rnsts and expenses- incurced in recovering possession ot :hef Cullatera� and .incurreci in ¢nforciop tliis
<br /> securiry apremien6 and the same shall be securod 6y this security �agreemont, �
<br /> . Until DetaWt Debtor may have possession oi the Collateral and usa it in i+ny law(ul manner not inconsistent with this agreement and nut �
<br /> E� � inconsistent with any policy of i�surance thereon, and upon default Secured Party shall have the immediate right to tha {wssossion of
<br /> � ��, the Collatoral .
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<br /> , Debta Shell Be in Daleult under this agreement upon the happeninp ot any of the lollowinp evnnts or co�itions: 11 ) dafault in ffie pay-
<br /> ment or performanco of nny obiipation, covenant or ! iability �rontained or referred to herein or in any note evidencinp the same: 121 aiiy
<br /> t, t warronty, repmsentation or statemmt made or furnished to Secured Parry by or on t�ehalt o( Debtor provos to have W!o� falsc; in any ma-
<br /> terial resn�t Hhen made or fumished; (3� any ave�u which residts in tho acceleration o( the muturity ot the indehtodness oi D�61or to
<br /> ,� .�� otbers under any indenture. agreement or widortaking; (4) loss, tlioft, damapa, destniction sale or encumbrance to ur of any of the Col •
<br /> r:�. , iateral, or tlie making o( any levy, seizure or aitacianent th�reo( or therecn; (5! death, dissolution, termir.ation ot existence, insolvency,
<br /> businoss tailure, nppuinhnent ot a receiver of any part of tha Uroperty of, assipnment for the benofit of crediturs by, ur tlie cummence-
<br /> ; '� mont of any pruceedinp under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surery for Oetitor.
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<br /> �� �� Upon Such Default and at any tima therealter, or it it deems itself insecure, Secured Party may declaro all Obliyaticros sec,ureci here6y
<br /> : immedintely due and payable and shall have the romedi�s of a secured paity under the Nebraska Uni(orm Conrnercial Codc,. Sec:ured
<br /> � Party may require Debtor to assemble the Cullateral a� deliver or make it available to Secured Party nt a place to tx3 desipnated 6y
<br /> � 1 Secured Party wtiich is reasonabiy convenient to both parties, Unloss the Collateral is prrisha�le or threatens to decline speedily in
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<br /> . value or is of a type custemarily sold on a recopnized market, Securcd Party will pive De6tor reasonable notice o( the time and place ot
<br /> any public s2ie tliereo( or of the time ufter which aoy privatu sale or any oiher intertclod disposition thereof is N l� made. Tlie reUuire-
<br /> s"� � ments ot reasonable notice shall be met H such notico :c mailerl, postage prepaid, to the address of Uebmr shuwn at the beginninp el
<br /> �� � this a{�roortxent at least fivo days �efore the tima of the sa�e or dis4�sition.
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<br /> , No wnivar by SecureA Party o( any dofault shall opernte as a waiver of any other dolaull or o( tho sane default on a (uture occasion.
<br /> � The taking of this seartity aAreement shall not waive or impair nny other sucurity said Seaired Party may have or hereafteracquire for
<br /> �� the payment of tho above indebtedness, nor sha� l tha takinA of any such additional security waive or impair tl�is security ayreement;
<br /> � but said Secured Party may resorl to any securiry it may hnve in the orJer it may deem pro�r, and �rohvithstandinq any collateral secu-
<br /> i:. ' riry, Secured Party shall retain its rights ot setolf against Debtor. '
<br /> ' A� I rights of Secured Porry hereurxier shall inuro to the Lxnietit ol its successors and ossigns; and all promises and duties o( Uehtor m
<br /> ' shail bind his heirs, oxocurors or ackninistrators or his or its successors or assi�7ns. �f there be mor� tl � one Debtor, their liabilities � �
<br /> . hereunder sliall be joint and soveral, n^S o -.� 3C �
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<br /> .�� This a{.�reement shall become etfective when it iS signed by �ebtor. ri . x�L � �; ,'�i � ` (1
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