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<br /> AQ�IT10�1fAL PA4VISfONS �""' 1��0�4
<br /> � nEiTOR WARR��ITS AND COVENANTS. t 1►Ti,At except tor thh secunty �nterest pranted hereby pebtor+s. ar to tho
<br /> exront that CottaterAl�s acqu�rPCi etter thE�d�►to here�f.�v�ll bo. thQ o�t�ner of the Cpllatera)tree trom any sdverse hen, secur�ty
<br /> �r+tdrS�. ot QnCU�5t3n�C. snd thst G�eblor ti��l1 d�fa.^.:!!h°CPIl9l?�a!8g°.!lCt9t 8!1 CIe�tT�S��td dt`�11tnd4(�1 91)p�l'SQn9 At{f�1y 1�h1R
<br /> ciqimin�the same ar ariy�nter�t lhere�n {�!Th[+1 no Fin3nc�ng Stat�ment oth�!r than other F�nancing 5tatementpreviouslygivon
<br /> to Sec�rafi Pifty Ct�VBrt(t{�the Caltaterat or anY proCCeds tha�eof��on frfe ir.�ny public otf�ce and ttsat at tht�requast o4 S�+tured
<br /> Party. Dabtar wilt execute a�d dei�var ta Sacucsd Party ona or m�r�F�nancm�Statements oF othei docum8nts gursuant to the
<br /> N�tx�ska Unitorm Comme�ci�l Cods which s�re deemed Gv ihe Se�urad Party to be necessary or des�ra6te to the attachmenL
<br /> psriection o�¢o�tinuetion ot�h9 security��terest granted hereunder.�11 in form satisfaCtery taSecuredPa�tY.and willpayth�cost
<br /> ot filinq suCA Fin�nCinp Statemint.thi9 SecuritY Apreement,any Cont�nuation or term�ne�t�on statement end athe�documante in all
<br /> ; pubticoHiceswheraverfilinp�sdeemedbySecuredPartytobanecessaryordes�rable;andittheCotlaSeral�eattachedtorealestate
<br /> prior to the perfeCtion of the seCUrity interest pranted hereby or iithc�Collateral ineludes crops or oil,gas or minerals to be extraCted
<br /> or timber to be cui. Oebtor will, on demand of Secured Party, turnish Secured Party with A d�sctaimer or disclaimers or
<br /> � subordination t►yreement Siyned by all p�rsons 1�aving an �nterASt �n tha real estate. d�scla�ming or subordinating any interest in
<br /> thsCollateralwhichispr�o�tolheinterestofSecuredPart�• 13)Nattosell.transferord�sposeoltheCoNaterel.nortakethesameor
<br /> � ettempl tu take ihe same/rom the county where kept as atated,witheutthe pnor wr�tten consent ottha Secured Party (4►To pay all
<br /> t�xes and asse�sments oi every nature which may be levied or assessed against the Gollate�al.(5)Not to permit or altow eny
<br /> � �dversa lisn, seCUrity interest or encumbrance whdtsoever upon the Ca!I�teral,and not to permrt ihe same to 8e Attached or
<br /> replevined. (61 That the Collateral is m good cond�t�on and that Debtor w�ll �t h�s or her own expense, keep the same in good
<br /> tonditlon and from time to fime, tarthw�th. replaca and repa�r all such parls oi the Collateral as may be broken,worn out or
<br /> dama��d without Allowing any�ien to be created upAn the Callater2l on account of such replacement or repairs. and that the
<br /> Secured Pa�ty may sxam��e and�nspect the Collateral at any hme,wherever loCeted t?►That Debtor w�ll at his or her own expense ,
<br /> � keep ths collatRr�1�nsured i�e company sat�sfactory to Secured Party agamst Ioss, as eppropnete, by theit. Coll�sion, fire i�nd
<br /> extAnded Coverage. with loss p�yable to Secured P��iv AS �ts mtp�PSt rnay appear. and w��l on demand d�tiver sa�d policies of
<br /> ' in�urancA or turn�s�proof ot sueh insurance to Secured Party (8)At its opt�on Secured Party may procure such mcuranee,
<br /> discharge taxeS,liens ar Secuniy inte�ests ar othar encumbrances�t eny t+me lev�edor placedon tha Collateral�nd may payfor the
<br /> repeir of any damage or in�urv ta or for the preservat�on and mamtenancP of tho Co��ateral Debtor agrees to reimburse Secured
<br /> Pt�rty on demend fo�eny:payment or expense �ncurred by Secured Party pursuant to the forego�ng autho•ization Un1d such
<br /> reimbursement. the amount o1 any such paymont. �v�th mterest at the rate o1 16°o per annum from date of payment unt�l
<br /> ' reimbur$emRnt.shallheaddedtathe�ndabtednessowed6ynPhtor�ndst�:�llhASC�eurecihyth�sAgreementl9)ThatDebiorwillnot
<br /> use the Colleterel in violetion of any appl�cabte statute,regutat�on or ord�nance and�f any ot tha Collateral�s motor veh�cles,the
<br /> sams will not be ieMeci, used�n rentat se�v�ce nor �n any speed or endurance contest
<br /> lll�iTll OEFAULT Debtor�rray have possess�on of tne Collateral and use it �n a^y lawful manner not�nconsistent with this
<br /> Agreement 8nd not inCOns�stent with any pol�cy of msurance thereon.and upoR detault SeCUred Parly shaH have the immed�ate
<br /> npht to the passess�on ot the Collatera� '
<br /> OEeTOR Sl�tAtl BE IN OEFAULT under th�s Agreement u�:n the ►�aGnen�ng ot eny of the followirtg events or '
<br /> conditiQns: (1)def�uh in the payment ar performance ol any obligation, covenant or�iabd�iy conta�ned or refeered to herein or in
<br /> any nate evidenc�ry�the Same,121 any warranty.representat�on oe f�nanc�ai statement made or f��rmshed toSecured Party byor on
<br /> behalf O�Oebtor is d�sCOVered to have been}alse in any mater�al respect when rnade or furn�shed,13)any event whiCh results or
<br /> COUId t@SUft m tne acce�eranon OT th@ maturiTy of Tne mqeDtCtlnP.55 oi �Jebtor to ou+er� unue� a�+v +��un�i;.;:v'. �.y^r�d���n�ii vi � —
<br /> • undertaking;(41 loss.theft, damage. destruct�on sale or encumbr�nce t�� ur of any of the Coilateral. or the mak�ng of any levy, �
<br /> se�zure or atteChment, thereoi or thereon 151 death. d�ssolut�on term�nat�on of e«�stence. �nsolvency bus�ness fa�lure.
<br /> as�R0�nlm�nt of 8 t'eC9i_v�r of any part of the grapeny ot ass�gnment for the benef�t of credRars Gy. or the CommenCement ot any
<br /> prOCe�ngc uric�a ifny brnTcrupfCy Or insolvencg 18ws by or against Qebtor or any gu8tc�nTOf 0�5���@iy Tbf U@Dt0►
<br /> UPON 3UCH DEFN��,�nd at eny t�ra�e thereafter ur �r��deems�tseii�nsec��E. 5ecured Party may declare aIl Obl�gat�ons �
<br /> securad h�r�by �mm�d�atety aue and payable and shan have the rerned�es at a Secured Pbrty under the t�iebraska Umform -
<br /> Commercial Code. Secure�d Parry may requ�re Oebtor[a assemble the Co��aterat anddelrver or make�t availabte to SACUredParty at . __
<br /> a place to be de�ignated by Secured Party�h�;.h�s reasonaDly Conven�ent to both p3rtit�s Untess the Collateral �s perishable or p
<br /> � threatens to decl�rte speedily m va�ue or �s cf A type customar�ly so�d on a recogn�:ed market. Secured Party w�ll g,ve Qebtor 1�
<br /> reasonabfe notice�tthetsmc and place ot any publ�c s�'e thereo(or o1 the t�me a�rer tivhich�ny pnvate sale or any othe��-'te^.ded
<br /> d�sposition the�eof is to be mede. The�equuoments ot►easonable notice shall tre met�i such no��ce�s made�.Fostage G:*epa�d, to
<br /> ths atldr�s�ot Oebtor shown at the beg�nning of this agreement at least f�ve d3+r5 before the time of the saie or d�sa�:s.non
<br /> No w�ivsr by Secured Party o�eny detauit s1�a11 operato as a wa�ver of any c���r default or o}the same�efault o:�a(uture F
<br /> oCCasion. The tak�ng of th�s Secunt�Agreement shall not wa�ve or �mpa�r any other secur�t�• sa�d 5ecured Party ma} Nave or - ••
<br /> hereaher etqu�re tor the payment of the above�ndebtedness. nor shall the laking uf anV such add�tional secur�ty wa,ve cr•^+pa�r
<br /> this Secunty Agreement. but sa�d Secured F'arty mav �es�►t to any secur�ty �t may hav� �n the order �t may deem prcFer, and
<br /> notwithstand��g any collaterat secunty. Secured Party shaU reta�n �ts nghts of set•off aga�nst Debtor
<br /> Ap��yhts of Sc�cured Part�hereunder shall�nure ta tt�e benef:t o1 its successars anA ass�gns,and a11 prom�ses and�dut�eS of �
<br /> , Debtor 6ha11 bmd hts or her he�rs,petsonal repteSentat+vesC r h�5.ht�s or 4s succe55ors or ass�gns �4 the►e be more than one Oebtor. � �
<br /> their liabilit►es hereunder shall be�o�nt and several
<br /> Th�s Agreemee�t shall become effect�ve when+t�s s�gned by Oebto� A carbon phot:,gr�ph�C or other reproduction of t�*�s.gned
<br /> Secur�ty Agreement or F�nai�Cmg Statement mav Ue used as a F�nanc�ng Statement
<br /> � RDDENDUM
<br /> The uRdersig�ed.hereinefter "Owner.'Debior".owns or has an�nterest�^t���arosi�teral descr�bed on the reverse s�dp of th�s
<br /> A�leemant, but rs. not a party to the ohl�gat�on s�cured by th�s Agreemer; Bv execut�n9 th�s Agreement. Owner•Oebtor
<br /> ' undattakes noobl�y.�t�on for repayrr;±nt of such oblipat�on,but we�ves ai�r�gnt.'�tle�nd i�teres+ ��ard to saidcoflateral t4 Rrev,de
<br /> SeCUrity fAr pertmrmanco of the oblaqat�on A1t1 prov�sians of th�s Agreement applV tC�v��ner perilpl+9rtdthe�����tb1'•�s;.sed
<br /> m this Agreement and any accompany�ng F�nanC�ng Statement refers collectwety ta Ce»tor.Ow�dl�6eb.o 01 6th as'tre r�r,ext
<br /> may req�uire
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