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20010246'',
<br />Additional Provisions
<br />Debtor Warrants and Covenants: (1) That except for the security interest granted hereby Debtor is, or to the extent that this agreement states that the
<br />Collateral is to be acquired after the date hereof, will be, the owner of the Collateral free from any adverse lien, security interest or encumbrance; and that
<br />Debtor will defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein. (2) That no
<br />financing statement covering the Collateral or any proceeds thereof is on file in any public office and that at the request of Secured Party, Debtor will join
<br />with Secured Party in executing one or more financing statements pursuant to the Nebraska Uniform Commercial Code in form satisfactory to Secured
<br />Party and will pay the cost of filing such financing statement, this security agreement and any continuation or termination statement, in all public offices
<br />wherever filing is deemed by Secured Party to be necessary or desirable; and if the Collateral is attached to real estate prior to the perfection of the
<br />security interest granted 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
<br />Secured Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons having an interest in the real
<br />estate, disclaiming or subordinating any interest in the Collateral which is prior to the interest of the Secured Party. (3) Not to sell, transfer or dispose of
<br />the Collateral, nor take the same or attempt to take the same from the county where kept as above stated, without the prior written consent of the Secured
<br />Party. (4) To pay all taxes and assessments of every nature which may be levied or assessed against the Collateral. (5) Not to permit or allow any
<br />adverse lien, security interest or encumbrance whatsoever upon the Collateral, and not to permit the same to be attached or replevined. (6) That the
<br />Collateral is in good condition, and that he will at his own expense, keep the same in good condition and from time to time, forthwith, replace and repair
<br />all such parts of the Collateral as may be broken, worn out or damaged without allowing any lien to be created upon the Collateral on account of such
<br />replacement or repairs, and that the Secured Party may examine and inspect the Collateral at any time, wherever located. (7) That he will at his own
<br />expense keep the Collateral 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 insurance or furnish proof of such insurance to
<br />Secured Party. (8) At its option Secured Party may procure such insurance, discharge taxes, liens or security interests or other encumbrances at any time
<br />levied or placed on the Collateral and may pay of the repair of any damage or injury to or for the preservation and maintenance of the Collateral. Debtor
<br />agrees to reimburse Secured Party on demand for any payment or expense incurred by Secured Party pursuant to the foregoing authorization. Until such
<br />reimbursement, the amount of any such payment, with interest at the rate of 16% per annum from date of payment until reimbursement, shall be added to
<br />the indebtedness owed by Debtor and shall be secured by this agreement. (9) That he will not use the Collateral in violation of any applicable statute,
<br />regulation or ordinance and if any of the Collateral is motor vehicles the same will not be rented, used in rental service nor in any speed or endurance
<br />contest. (10) Debtor will pay Secured Party any and all costs and expenses incurred in recovering possession of the Collateral and incurred in enforcing
<br />this 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 inconsistent
<br />with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of 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 payment or
<br />performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same; (2) any warranty, representation
<br />or statement made or furnished to Secured Party by or on behalf of Debtor proves to have been false in any material respect when made or furnished; (3)
<br />any event which results in the acceleration of the maturity of the indebtedness of Debtor to others made any indenture, agreement or undertaking; (4)
<br />loss, theft, damage, destruction sale or encumbrance to or of any of the Collateral, or the making of any levy, seizure or attachment thereof or thereon; (5)
<br />death, dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any party of the property of, assignment for the
<br />benefit of creditors by, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety
<br />for Debtor.
<br />Upon Such Default and at any time thereafter, or if it deems itself insecure, Secured Party may declare all Obligations secured hereby immediately due
<br />and payable and shall have the remedies of a secured party under the Nebraska Uniform Commercial Code. Secured Party may require Debtor to
<br />assemble the Collateral and deliver or make it available to Secured Party at a place to be designated by Secured Party which is reasonably convenient to
<br />both parties. Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Secured
<br />Party will give Debtor reasonable notice of the time and place of any public sale thereof or of the time after which any private sale r any other intended
<br />disposition thereof is to be made. The requirements of reasonable notice shall be met if such notice is mailed, postage prepaid, to the address of Debtor
<br />shown at the beginning of 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. the taking of this
<br />security agreement shall not waive or impair any other security interest said Secured Party may have or hereafter acquire for the payment of the above
<br />indebtedness, nor shall the taking of any such security waiver or impair this security agreement; but said Secured Party may resort to any security it may
<br />have in the order it may deem proper, and notwithstanding any collateral security, Secured Party shall retain its rights of setoff against Debtor.
<br />All rights of Secured Party hereunder shall inure to the benefit of its successors and assigns; and all promises and duties of Debtor shall bind his heirs,
<br />executors or administrators or his or its successors and assigns. If there be more than one Debtor, their liabilities hereunder shall be joint and several.
<br />This agreement shall become effective when it is signed by Debtor.
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