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<br /> Additidnal Provisions
<br /> Dabtw Wmiants ard� Covonanu: (11 �That except for � tMe seaurity interast granted hereby Debtor is, or to the extent that thi,e agraement� :
<br /> stetes that the Co118teral is to be acquired afxer Me date hareof, wi�ll ba, ffie owner of thaCollatecal free from any &dverse lien, security
<br /> interast or enCumbrance; and that pabtor wili defend the Collateral aga:nsY all claims and demands ot all persons af any time claiming �
<br /> . the same or arry interest therai.n. (2) That no finamcing statement eovering the Co4laterai or arry proceeds thereof is on file fn any publ ic
<br /> off(ce end that at the request of Secured Perty, Debtor wii l join with Secured Party in exacuting one or more fir?ancing statements pursw
<br /> ant to ffie Nebraska Unifomi Commercial Code in iortn satisFactory to Secured Party and will pay the cost of ,filing such financing stato- �
<br /> ment, this security agreemeni and any continuation or tertr.ination statement, in a�.l I publeq offices wherever fi � ing is� deeined Gy Sacured
<br /> Party to be necessary or desi�reble; antl if the CollaEeral is atcached to real estate� prior to 4he perfection of 4he security int9re5t gcanted
<br /> hareby or if the CotlateraF includes orops or oii, gas w minerals to be exiracte[9 or timbar to be cut, Debtor wilb, on demand� of $ecuroci
<br /> Party. funniSh Secured Party with a discla.im�r or tliscleimers or subortlin�tion agreemant signed by att persons having an iMerest in tha
<br /> real estate, disclaiming or subordinatirtig any interest i�n the Collateral whicN is prior to the interest of Secured Party. (3) Mot 4o aell ,
<br /> transfer or dispose of the� Co.lbateral ,. nar take ffie same or attempt to take the� same from the county where kept as above stated, without
<br /> Me prior written consent of ths Secured Pariy. 14) To pay all taxes and assessmants of every nature which may be levied or ass9ssed
<br /> against the Collateral. (5) Not m permit or ailow any adverse 1 ien, security interest or enaunbrance whatsoever upon the CoPlateral , and
<br /> npt to pem+it tba 98me to be attaahed or replavi�ned. (�) That the Cotlateral is. in good corxJition, and that he wibl at his own expense, .
<br /> keep the 5ame in good cond7tion and from time to time.,. forthwith, replaoe and repair ali such parts af the Colisteral as may be broken,
<br /> Worn 4ut or damaged wiMout allowing any lien to be creeted upwn th� Cotl�ateral on account of such replacement or repeirs, and that the
<br /> Secured Party may examine and inspect the Coflateral at any time, wherever located. 17) That he wil l at his pwn axpensa keep ffie� CoP-
<br /> leteral insured in a company satisfaotory ta Secured� Party against loss, as appropriate, by theft, eol l ision, fire and extended coverage, .
<br /> with toss pay.able to Secured Party as its interest may appear, and wil I o� demand deliver said policies qf insuranoe or furnish proof of �
<br /> such insuranCe to Secured Party. (B) At its option Secured Party may procure such i�nsurance> discharge texes, I iens or securiRy inierests ��
<br /> or otNer e�cumbrances at any time levied or placed on the Collatera�l and may pay for the rapair oi any damage or inj�ury to or for the �
<br /> preservation and mainten�nce of the Collaterel . Debwr agrees to� reimburse SecuredPacty on demand for any payment or expense inourred �
<br /> by 5ecured Party. pursuant to .the faregoing authorization. Untif such reimbursement, tha srnourvt of any such PaY�t, with interest at the� �
<br /> rate of �per. annum from daie of payment until reimbursement, shalt be addetl to the indeMedness owed by Debtor ax1 shalt be secured�
<br /> by this eertieoa (9) That he will not use the Col �aterai in viol.ation of arry� appl'icabfe statute, regufatian or ordinance and i�f any ot Yhe
<br /> 6oliateia6 is motor vehicles the same will� not be rented, u5ed in rental service nor in arry speed ' or endurance� ccntest. 110) -Debtor wi�ll �
<br /> pay $ecured Party any and�� all costs a�d expenses incurreti in recovering po5session of the Coilateral and ineurred in enforcing this
<br /> seaur:ty agreement, and the 5ame shall be securecl by this security agreement. �
<br /> UMiI Default Debto.� may Mav.e possession of the Collaterat and use it i�n any lawful manrre.r nqY inconsi�stent with this agreeanent and not .
<br /> . inconsisteni with any policy of insura�ce thereon, and upon default 5ecured Party shall have the immediate right to the po8session of
<br /> ffie Co1laYeral . � �
<br /> Dsbtw Shall 8e in Default undar this agreement upon the happening of any of the following events or conditions: ( 7 ) default in the pay- �
<br /> ment orperfortnanee of any obligation, covenant or liability contained or referred to herain or in any note evidencing the sama: 12) arry
<br /> warrenty, 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 whan made or fur�ist�ed: (3) any event which results in tha acceleration of the maturity of the indebtedness of Deb[or to
<br /> others under any indenture, agreement or undertaking; (4) loss, theft, damage, destruction sale or encumbrance to or of any of the Col-
<br /> lateral, or the making of a�y levy, seizure or attachment thereof or thereon; �5) death, dissolution, termination of existenee, insoivency.
<br /> business failure, appoinVnent of e receiver of any part of Me property of, assignme�t for the benefit of ereditors by, or the commenco- .
<br /> ment of any proceeding under any bankruptcy or inso�vency laws by or against Debtor or any guarantor or surety for Debtoa �
<br /> Upon Sueh Defaul� and at any time thereafter, or if it deems itself insecure, Sacured Party may declare ali Obligations secured hereby �
<br /> immediately due and payable and shall have the remedies of a secured party under the NeWaska Uniform Cortxnerciai Code. Secured
<br /> �� Party may require Debtor to assemble the Collateral and deliver or make it avaiiable to Secured Party at a place to be designated by
<br /> Secured Party which is reasonably convenient to both parties. Unless the Collateral is perishabfe or threatens to dacline speedily in
<br /> vatue or is of a type customariiy sold on a recognized market, Secured Party will give Debtor reasonable notice of the time a�d p�aee of
<br /> _ any public sale thereof or of the time after which any private sale or any other interxled disposition thereof is to be made. Tha require-
<br /> � ments of reasonable �otice shall be mei if such notica is mailed, postage prepaid, to the address of Debtor shown at the beginning of
<br /> this agreerne�t at least five days before the time of the sale or disposition.
<br /> - NG waiver by Secured Party of any default shell operate as a waiver of any oiher default or of the same default on a future occasion.
<br /> � The taking of this security egreement shall not waive or impair any othar security said Secured Party may have or hereaheraequire for
<br /> � the payment of the above indebtedness, nor shail the taking of any such additional security waive or impair this securiry egreement;
<br /> but said Sacured Party may resort to any security it may Aave in the order it may deem proper, and notwithstanding any collateral secu-
<br /> rity, Secured Party shal � retain iis rights of setoff against Debtor.
<br /> � All rights of Secured Party hereunder shal I inure to the benefit of its successors and assigns: and all promises and duties of Debtor
<br /> � shali bind his heirs, executors or administrators or his or its successors or assigns. If there be mora than one Debtor, their I iabilitias
<br /> � hereunder shail be joint and severai.
<br /> � This apreeme�t shall beeome effective when it is signed by Debtor.
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