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� � � 78-� 000407 � Additidnal Provisions • . Dobtw Warrs�rts and Covenants: ( tj That except for the security interest granted hereby Debtor is, or to the extent that tbis agreemant � � states thet ffie Collateral is �to be acquired aher Ma date hereof, will be, ffie owner of theCoilaterai free from any adverse lien, security � � � . � intarest or enambrance; and that Debtor will defend L`�e Collatera� against all claims and demands of al � persons at any time cfaiming � � the �same orarry intarest therein. (2) That no financi�g statement covering the Collatera� or any proceeds thereof is on file in any publ ic � office and ffiat at the request of Seeured Party, Debtor wiil join with Secured Party in executing orre or more financing statements pursu- '� . ant. to ffie Nebraska Uniform Cortrnercial Code in form satisfactory to Secured Party and will pay the cost of filing such financing state- � � ment, ffiis security apreement and any continuation or tertnination statement, in all public offices wherever filing is dee,iied by Secured � . Party m be necessary or desirable; and if the Collateral is attached to raal estate prior to the perfection of the security interest granted . . here6y or it the Collateral includes crops or oil, gas or minarals to be extracted or timber to be cut, Debtor wii l, on demand of SecOred � � Party, fumish Secured Party with a disclaimer or disdaimars or subordination agreement signed by ail persais having an interest irt the real�� astate, disclalming or subordinating any tnterest in ihe Coltatera! whieh is Orior to the incerest ot Seeured Perry. (3) &ot to setl, tranafer or dfspose of tbe Collataral, nor take the sarne or attempt to taka tbe same from the county where kept as above stated, without � the prior written consent of the Secured Party. (4) To pay all taxes and assessrnents of every nature which may be levied or assessed � against the Col �ateraL (5) Not to pertnit or allow any adverse lien, secuNty interest or encunbrance whatsoever upon the Collateral, and � � not to pertnit the same to be attached or replevined. (6� That the Collateral is in good condition, and that he will at his own expense, � keep the sart�e in good condition and from time to time, forthwith, replace and repair all such parts of tfie Collateral as may be broken, � worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and that the � � Secured Party may exemine and inspect the Collateral at any time, wherever located. (7) That he will at his own expense keep the Col- lateral insured in a company satisfactory to Secured Parry agai�st loss, as appropriate, by Meft, coilision, fire and extended coverage, � with loss peyable to Secured Party as its interest may appear, and wil l on demand deliver said, poiicies of insurance or fumish proof of � � such insuranee to Secured Party. (8) At its option Seeured Party may procure such insurance, discharge taxes, I iens or seeurity interests - or other encumbrances at any time levied or piaced on the Collateral and may pay for the repair of any damage or injury to or for the � preservation �and maintenance of the Col leterel . Debtor agrees to reimburse Secured Party orr demand for -any payment or expense incurred � . by ured Party pursuant to ffie foregoing auffiorization. Until such reimbursement, the amount of any such payme�t, with interest at the . rate�% per annum from date of payment until reimbursement, shall be added, to the indebtedness owed by Debtor and shali 6e secured � . � by this agreement. 19) That he wi11 rwt use the .Co� lateral in violation ,of any appl�icable statute, regulation. or ordinance a�d if any of the � . . � � Collateral �is rtiotoF vebicles the same will not�be rented:� used �in rental service nor in any speed ' or endurance contest. ( 10) Oebtor wiil � � . � . , pay Secured Party any and all costs and expenses incurred in recovering posse'ssion of the Collateral and incurred � in enforcing this . � � . seeurity agreernent, and ffie same sha11 be secured by this securiry agreement � � , � Until Detault Debtor may have possession of the Coi lateral and use it in any lawful manner not inconsistent with this agreement and not � . � � � inconsistent with any policy of insurance thereon, and upon default Secured Party shalt have the immediate right to the possession of - � ffie Col �ateraL � � � � Dabtor Shall Be in Default under this agreement upon the happening of any of the following events or conditions: ( 1 ) default in the pay- ; _ . ment or per{ortnance of any obiigation, covenant or i iability contained or referred to herein or in any note evidencing the same: (2) arty , . � � � � � � � warranty, representation or statement made or furnished to Secured Party by or o� bebalf of Debtar proves to have been false in any ma � - terial respect when made or furnished; (3) any event which results in the acceleration of the maturity of the i�debtedness of Debtor to � others under any indenture, agreement or undertaking; (4) loss, theft, damage, destruction sale or 6ncumbrance to or of any of the Col- . . �. lateral , or the making oi any levy. seizure or attacMnent thereof or thereon; (5) death, dissolution, termination of existence, insolvency, � � business failure, appointrnent of a receiver of any pert of the property of, assignment for the benetit of creditors by, or the commenee- ment of any proeeeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debtor. � �� � Upon Sueh Default and at any time thereaher, or if it deems itself insecure. Secured Party may declare all Obligations sewred hereby � . immediately due and payable and shall have the remadies of a secured party under the Nebraska Uniform Camiercial Code. Securad � Party may require Debtor to assemb�e ffie Collateral and deliver or make it available to Secured Party at a place to be designated by � � . . Secured Part/ which is reasonably convenient to both parties. Unless the Coliateral is perishable or threatens m decline speedi �y in value or is of a type customarily sold on a recognized market. Secured Party will give Debmr reaso�able notice of the time and place of . � � any public sale thereof or of the time after which any private sale or any other interxJed disposition thereof is to be made. The requira- . menu of reasonable notice sha� l be met if such notiae is mailed, postage prepaid, m the address of Debtor shown at the beginning of � � this agreement atleast five days betore the time of the sale or disposition. � No waiver by Secured Party of any default shail operate as a waiver of any other default or ot the same default on a future occasion. � � � The taking of Mis security agreement shall not waiva or impair any othar security said Secured Party may have or hereafteracquire for the payment of the above indebtedness, nor shall the taking of any such additional security waive or impair this security agreernent: but said Secured Party may resort to a�y security it may have in the order it may deem proper, antl notwittistanding any cotlateral secu- � . rity, Secured Part/ shali retain its rightsof setoff against Debtor. � � �. All rights of Seeured Party hereunder shall inure to tlie benefit of its successors and assigns; and all promises and duties of Debtor • shall bind his hairs, executors or administrators or his or its successors or assigns. If there be more than one Debtor, their liabilities . T hereunder shal � be joint and several. � . � � This agreement shall beeane effective when it is signed by Debtoa � N � � ' D -ni , . �� :: �� �s � . �'•` � L _ . _ � � - .�. : Y . . . . - � : � N' . . . . . il,"„1! . . . . . . � . . q. . � � � �