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200003380 <br />covenant or right in this Mortgage contained and payment thereof shall be <br />secured hereby. <br />Section 2.30 Without affecting the liability of any other person liable for the payment of <br />any obligation herein mentioned, and without affecting the lien or charge of <br />this Mortgage upon any of the Collateral, not then or theretofore released as <br />security, for the full amount of all unpaid obligations, Mortgagee may, from <br />time to time, and without notice: release any persons so liable, extend the <br />maturity or alter any of the terms (including interest rates), of any such <br />obligations, or grant other indulgences; release or cause to be released at <br />any time at Mortgagee's option, any parcel or portion of the Collateral, take <br />or release any other or additional security for any obligation herein <br />mentioned, consent in writing to the making of any map or plat or the <br />replatting thereof and /or make composition or other arrangements with any <br />debtors or interested persons in relation thereto. If Mortgagee at any time <br />holds any additional security or guaranty for any obligations secured hereby, <br />it may enforce the sale thereof or otherwise realize upon the same at its <br />option, either before or concurrently therewith or aster proceeding to enforce <br />any remedy with respect to this Mortgage, including proceedings for <br />foreclosure. <br />M. Replacement and Substitutions for Machinery and Equipment. <br />Section 2.31 Mortgagor shall have the right to make replacements of or substitutions for <br />any item of the Collateral which constitutes machinery or equipment without <br />the prior consent of the Mortgagee in the ordinary course of business <br />provided that the value of the Collateral as security is not reduced or <br />impaired by such substitution or replacement and Mortgagee shall, as of the <br />time such replacement or substitution is effected, have a valid and perfected <br />first security interest in the substitute or replacement item. In the event of <br />any failure by Mortgagor to comply with the requirements set forth in this <br />Section 2.31, Mortgagor shall have a period of thirty (30) days from the date <br />Mortgagor, first becomes aware of its failure to comply, whether by notice <br />from any third party, by notice from its own records, by notice given by <br />Mortgagee or otherwise, and so long as such failure to comply is fully cured <br />within such period of thirty (30) days such failure shall not constitute a <br />default under this Mortgage. <br />2000 MORTGAGE <br />(Grand Island, Nebraska) <br />18 <br />