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<br /> �nrrio�rar,r�ovrszot�s
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<br /> DE87Y1R WARRAi�i'P3 AND COVE.�tANTS: (I) That e=ceyt for t6e aecuritr intenst grsated hereby UeLtoe fa,or to th�eztent that thl�
<br /> ae+ree=aent statea that the Collatera] 1�to De aeputred after ttrc B�te hernot,wi71 6G the oivner oL the ColIateral free trom aay aHceree liea eo-
<br /> curtty-tntereat or encumbrnnce: aad th�t Debtor�vfYl defend the Collater,►I asainst all ctaims and demanda of ail peraona nt anp hme claiming
<br /> the n�me or any Intere�t thercin. (2) That no tinancfng siwtement co�-Pring the Cullateral or an�•Draceeds thereo[fs on[iie In any publtc offio2
<br /> � and that at the requ:at oY$e�:ured PartY. De6tor�tll join rith&ecured Party tn e:eeuting cne or more flnaacinS atatementa Durauant to the
<br /> Nebrask� Un:torm Commercial Code In [orm satiaLcetorp to Secured PartY nnd wiil Day th�c�t of tiling such tinanciag atatemen�thi�sccurlty
<br /> � agreement and an1 continuation or termEnation statement, in.;tl)_yublic oiticea�vherecer fUing 1s deemed Dy 3ecured P1rty to Ae necessary or
<br /> desirabte; and ff the Collsteral is attaehed to mi entste prtpr trr t!m geriection of the securitr interest gnnted hereby ar if the Coltateral
<br /> __ !nclude�croya or oll, gaa or minemis to be eatr.ecLd or liro�t Vi irr:- c,it.. Debtar tcitl, oa demarid of Secured Party, furoish Secured Parcy , ,
<br /> �vtth s diaclatmee or diseialmera or aubardtaaiioc a�eemeas 3ie te3 xL:pIl yetsons haring nn interest in the reat esta4e, disciaimizg or sub-
<br /> : ordlaattna any ir.terest in the Colfateral whir}r ir-.�srior to the interest of Secured Party-, (3) Not to sell, trartstei ar dispnse ot t�:e CellateraL
<br /> , , nor tate the aame or nttempt to take tfie sat¢.:fsCm the cou!-�:sahere keDt as abote atated, �vithout the D�1or pr[tten consent o! the Secured '
<br /> Parfy, (4)To pap si11 tazes and onse9sments o�erery naWre�ctiieh may be lecled or nsseraed agatnat tAe Collaterat. f@1 Not to pPrmii or a11oF
<br /> anY a3:erae lien, security intere�t nr,r_�curr:�ry�,�:e whstsnecer upon the Coltateral. and not to permit tLe same !a ks attached or teylevlaec!.
<br /> (6)That the Collaterai 1�ir.�;c�vJ ��dittoa,.aa�L;hat he wi11 nt his oxn.�1..cease, keep the samo in 600d COIIGIti�; IIIId from time to time. � �
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<br /> for4h�vith, teDtsce t+a3 reyair 2�:.r�:s�yarts�f.t��oflateral aa.may 68 f�r+iis^n, �vorn out or �IamaPed piUwut Ni,�1n�any lien to Dc create�� '. �
<br /> u�on the Collaterat ea,dc�vust� c�r�ch reDi�ar:a-t-^r;+;fir��r�e;a3d,te�!;Yrr_9ecured Party may ezamfae and inapts°�:tT_:e Collaten!st say titri� '
<br /> � wherever located. (7) That he �j�:t�s hfa o�rn esy:��:�.I3u>!�^f'*..a;�--J: ::�sured la a compan; sapsfactory to Ee�v:s�d Party agaiast lo�a, �.a ' . '
<br /> �� , aDDroyrlate. b9 thett. collisicxt. Lrn. and ezLend?d.,�-m�� act� ;bss i'��=cle to 3ecured Pariy as lta intere�t mai• oLSear. and will on 8emarJi
<br /> . dellver eaid potic{ea of Insuraace :r furnish �i^�:E•='t such insarance to C�r=rad Party. (81 At its oyticn Seeured Party may procure euch i�aur-
<br /> ., . snee, diacAar�e tnzea, 11epa ur s°eurity interesus.,t„othec eacum6rancea�t r�ttme levled or Dlnced on the Collateral and mny Dag far the repair, . �
<br /> ot any dsmage or tnJury to or for the preserration ariA muintenance ot fir�� Collateral. Debtor a�ree� to relmburse 3ecure8 Party on demand
<br /> for any payment or ezpense iacnrred by 3�cure�l P�rty rursi�ant to the fo:Pqoin�nuthorizntinn. L'ntll such reimta:�ement, the nmount nI any
<br /> eueb psyment,witA interest at t6e hig'..r ss permis.a'ble rate per annum from date Qf paymaat until reimbursement,shalt be added tu s3.z indebtedness owed by Debtor
<br /> l md�hall be seeured by thL�agreemetw•.'_<<9fiat he wiD nat ase the Collateral ta viok;i^_a of any applicable statute,mgaLlticn or c-=z�::e and if anp o!the CoIIaterat
<br /> is motar vehieles the eame w�l not be a��z+.,used ia*ental service aor tn any apecd�r c.�dutance wnttst.(101 Debtcr�a�±-4ee�+d Partq any acd all costs aad '
<br /> espeeses taeasred in recovering possessi,.�.cf t'�e C�iv�ar�l and iacurred ia enforcingt�_��eusity ag�eement.and the r.�.^e�6e snemed by thL�se.�.a�agreement. , . .
<br /> UNTIL DEFAUI.T Debtor may hare poaseaston ot the Colisteral an� ::ae It in any ia�rtul manner not Intonslatent �vith this esreemea! �
<br /> snd not 3nconsiateat �vith nny policy of inauranCe thereon. nnd upon defc:ult 3ecured Party ahall hace the Immediate rlght to the Doaaeeafon ,
<br /> of the Cuilateral
<br /> DESTOIt SHAI,1, BE IN DEFAULT under this agreement upon the hc�ppenfng of any ot the tollowing events or conQittons: (1) detnult �-
<br /> In the psyrt[ent of performance ot nny obligation, coeemnt cr i=L°21ty contatned or reterred to hereln nr fn nny note e�idencing the same: (Z) -_.
<br /> snY p�rranty, represeatation or atntement made or lurnished to �ecurrd Party by or on Aehalt of Debtor Drovea to ha�e been lalae in any ma- •�
<br /> terlal reaDect ehen made or furnisheA: (3) any Frent whfch resutts In thr ;l;relerntion ot the matufltq c•t the tnAebteAnens ot Debtor to othera . � _
<br /> ' under ar�y tndenture, ngreement or underiakltta; ((I ?ony, thett, damage. GsN.r..ction sale or encumbr.a�z ro or ot any o[ the Co17�'arai, ar the , -
<br /> makina of any tevy, seizure or attnchment iherr�2 or ihereon; ISl death, d�saolutlun, termination of er..s:etee, irsoIc�ency, busines±f:u�_ze. ap-
<br /> _ polnt�ient ot;receiter of any Dbrt ot the Drorerty ot, osslgr►ment for the benetit of cre[',itcrg by,nr[Le:s,r:7sis�en�^.*.of any Dror�v,_,�c;�?r t
<br /> �Y b�aYeuDtcy ar insolcency l�wa by or o6�r.st Debtor or Any�Bunranto� or aurety tor DL�.;:•�r,
<br /> � UPON SL"�T{ DESAULT and ut any dme therrefter, or it it deems itself insecure, 3ecured R:.�-:g may declare all Obliga:u�-na securM '
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<br /> hereby immed)stely due an4 ypyaDle nnd ahail hare the rense�:;cy o!s secured DartY unRer tbe Nebra9ka Vnitorm Commercial Code. B�:urP�
<br /> Party r..ay seaulre Debtor to aa�emble the Collaterat aad de11c+-r or mske it nsnilabie tc 5ecured Party at s place to be deaisnated by 3ecure3
<br /> PariY �s'htch !a rea�onaDly com�entent to both D«ties. L'nte�;, ihe Cottateral Is perf�h�6le cr threat�r�e.�decllnt aDeedfly In value or i�ot a type
<br /> � custom�rily sold on a reco;nized market, Stcure�i Party �vL': gfs•e. Debior re:�onable r.ctize n! the eir,.e and ylace of eny DuDiic Eat�3 therto! or
<br /> ot the tlme atter�vhlch any prlcate aate or sny�V:nr intPnQed dlsposltion ki<<rr:f la to be made. The r•�+gviremente ot teaaonabte r.cc:ee 1�ht�i1 he
<br /> met 1f auch noilce i�m�IleA, yoataae prepal�l, to tha addres�c_"Debtof eho�t: �t Ehe be �
<br /> time a[the e�lc or dlayoaltlon. 8S'nlag ot tR:a agreement ot lenst ten daya before the
<br /> No w�fcer by Secured Psrty of ony qe[nuit ahatl oyerate a�a a�e,iti�•r ut eny other defauit cr cF the enme default on n luture oecaalon.
<br /> The takinR o! thfa tr.t:urlty �grtement ehail not wralve o� Impal�Any other aecurity aeid Secu:e� Party mny hace or hereuftec aequirn tor the ,
<br /> , D�ynfent ot the ab�re lnaebtedneas, nor ehsll the taklns ot eny such nddifionnl security x�atre or i.my�ir this aecurlty ngreement; but eaiG
<br /> Secured Party may reaoK to any recurlty !t msy have in tne or8er It mny deem DroDer, and not�v:tl•.standins any cotlateral security, Secured
<br /> ParfY 4ha11 rstatn it�Hihts ai �etott apiaet Debtor.
<br /> Ail r1sDL ot Becuce0 Party hereunder ahail fnure to the beneflt ot !te eucctaaora end ate1�:3: :,ad all D�omiae� anG dutles of Debtor
<br /> �hall 61n0 h1s heire, eucutors or adrnlaletratora or hte or Ita euccesaora or asalsna. It there be more :ynn one Debtor. thelr Ilabllipe� here-
<br /> uaA�r�hall D�lofnt aad�eraerl.
<br /> Thi� �reemeat ehall 4eoane �ftective ahen it ia sl;ned bY Debtor.
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