|
t
<br />r
<br />L
<br />F
<br />Additional Provisions : $9--- 102449
<br />Debtor Warrants and Covenants: (1) That except for the security interest granted hereby Debtor is, or to the extant that this agreement .
<br />states that the Collateral is to be acquired after the date heregf, will be, the owner of the Collateral free from any adverse lien, security
<br />interest or encumbrance; and that Debtor will defend the Collateral against all claims and demands of all persons at any time claiming
<br />the sane or any interest therein. (2) That no financing statement covering the Collateral or any proceeds thereof is an fife in any public
<br />office and that at the request of Secured'Party, Debtor will join with Secured Party in executing one or more financing statements pursu-
<br />ant to the Nebraska Uniform Commercial Corte in form satisfactory to Secured Party and will pay the cost of filing such financing state-
<br />ment, this security agreement and any continuation or termination statement. in all public offices wherever filing is deetrred by Secured
<br />Party to be necessary or desirable; and if the Col lateral is attached to real estate prior to the perfection of the security interest granted'.
<br />hereby or if the Collateral includes crops or oil, gas or minerals to be extracted or timber to be cut;_ Clebtor: isil, on demand of •Secucrri.
<br />Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed h/ a11•persnns having an interest in tit-
<br />real estate. disete:ming or subordinating any interest in the Collateral which is prior to the ;inley",i of 5e urea Parry. (3) Not to sell,
<br />transfer or dispcze J'Cie Collateral, nor take thu sanne or attempt to take the sane from the rt;r r r ytlr9?s:l!Gr.`.t as above stated. without
<br />the prior written cars&7trfhe Secured Party. (41 To pay all taxes and assessnter-ts t1- i very nature Wih;!i may be levied or assessed
<br />against the Cofla:Y:re...;:t fint:tu permit or allow any adverse lien, security interestos- eir-.irnUrance whatsoe:°er upon the Collateral. and
<br />not to permit the s m• a °1 15r_;ul1113ched or replevined. (6) That the Collateral is in g'pof i Ur!ditic3n; and that he will at his own expense,
<br />keep the same in gvacr+;µ. ,!it an and front time to time, forthwith, reptacr arxt mT!3jr alt such parts of the Collateral as may be broken,
<br />worn out or damage vr: d'.�_f• _llov,ing any lien to be created upon the Collateral or► ac.:ount of skin replacement or repairs, and that the
<br />Secured Party may examine -" .inspect the Collateral at any time, wherever loca"a 1. z 171 That 'ire will at his own expense keep the 611
<br />lateral insured in a cornp&iy s,.:isfactory to Secured Party against loss, as approixaah ?; Icy theft, collision, fire and extended cover. ('14i;
<br />with foss payable to Secured Party as its interest may appear, and will on demand rij nri,1 policies of'insurance or famish proof 'ill-
<br />such .
<br />insurance to Secured Party. (R) At its option Secured Party may prot:ure such insurtrisi,Ai ,urge taxes, I lens or s,eta,rity interests
<br />or other encumbrances at any time levied or placed on the Collateral and may pay for the itiviiY. +)f any damage or injury ci or for the
<br />preservation and maintenance of the Collateral. Debtor agrees to reimburse SecuredPartyon rFn -d `ar any payment or expense incurred
<br />by Secured Party pursuant to the foregoing authorization,. t ntil such reimbursement. the amount of any s;rch.payirienL with interest at the
<br />rate of 18 % per annum from date of payment unfil. reimbursement, shall her added to the indebtedness tiwed by Debtorand shall:
<br />be secured by this agreement. (9) That he will not use tlzp Collateral in violation.cfirty applicable statute, regulbtionorordinance and f •
<br />any of the Col.latut al is motor vehicles the same will not be rented,.u:,ed in renta't.service mir in any speed or endurance contest 116)
<br />Debtor will parr 5�oired Party any and all costs and expenses incurtrul its recovering possession of thri Collateral and inrurriedin enforring..
<br />this securwt; a:,naenent, and the same shall be secured by this security agreement:
<br />Until Default Debtor m. y t,_,vu possession of the Col lateral and use it in any Iawful manner not inconsistent with this ri;jrof ir,ant and not
<br />inconsistent will any policy of insuraor-3 fl of :inn, anct upon default Secured Party shall have ilia immediate right to 1W prresession of
<br />the Collateral.
<br />Oohrru nhaa Ro in Arifauk -,nrlfn rho. irgtr:r!. ^,cnr olio- rh,4 haoneninq of any of the following events or conditions: (1) default to the pay-
<br />r -,
<br />r a
<br />rt r ,
<br />e 1 �r •n f.i otii•s r ` _i •e''r;t liability r
<br />i . ma ce o t wy ,p b n,, i tw t or contained ,r referred [o herein or in any note evidencing the Dante: 12► any
<br />warranty, rgrrf,t ration ur stau:riert jriaJe ot• Furnished to Secured Party by or on behalf of Debtor proves to have been fah;i; 'in any ma-
<br />terial respe.:r ,cp,,cr, p•acle or ftitrn .!wed; i3) any event which resulti. in the acceleration of the maturity of the indebtednesii. of Debtor to
<br />others urC4: „r-r n.rlu-ttrre, afirarr +i _,ut or un:fertakiny; (.it loss, tht.ft'.ai•lrtage, destruction sale or encumbrance to or of ti.:y c.t the Ci.'
<br />lateral, c,r )it, , ic,ag of any letiv, seizure or.attacfr,ent therriof n0fikterin: (81 tfeath, dissolution, termination of existunce, mi+solve'u :.,
<br />bush.oss failure, appointment of a receiver of wiy part of thu property. lit, aSsidnnr+3nt for the benefit of creditors by, or i7•° rowmenr;,F-
<br />men• : f any }:,•,.- °dinrf i.nder any bankrupti;y nr mn;.ulv::nr y laws Iry or + t)Wnst viu*wai or any guarantor or surety for Debtor.
<br />Upon Such Default and of any time thereattei, tit if it deems itsclf insecure, Secured Party ni•!!y declare all Obligations sLd;red hereby
<br />'r.. .,s•ately d,.,e and payable and t hall have the remedies of a secured parry under the Nebraska Uniform Commercial Coda. Set_oree
<br />Farm rv-;y require Debtor to assr:mble tho Collateral and deliver or make it avadathle to Sectred Party at a place io bur d9£•,tpnaterl l.,
<br />Party which is reasonably r.unvenient to both parties. Unless the Collateral is perishable or threatens to deci•s,,,l,redily ih7
<br />value or is %° ,i -ft,e custumai dtf soirf on .i recognized market, Sr.cufed Party vidl (live Debtor reasonable notmet. of ttie t 11,• .twl place of
<br />any public :_ :i,• ? r :; :ol ur of the tiro ,dtei which my private salr: ur any other intended disposition thereof is to he Hirsch,• 1 "to if quwre-
<br />mnnts of ,ea c •:a .- -�atice small be iwa if such vot,ce is mailed, po;,taye {a -paid. to the address of Debtor chum- at N, :.beyuminq of
<br />this scare -marl t five day:: before the tinie, of the safe or !hspu!,ition.
<br />No by Saar i-'. i'arl� 'w •ir;idult shall operate as I waiver -f any othor default or of ilte same default on a future occasion.
<br />The 'ak :g of ; ? +•.cunr� agv:urwit shall not waive or impair any ciflic_r security said Securesil P:irty may have or hereafwr acquire• for
<br />the pia• /rent I :. :i:;ove wdB[,7edness, our -hull tho taking of ahy •ar+th dddtti[,ti.it :e(mrity 1s. :h Ci or impair this secuviPf;'agreentent;
<br />but taxi Secr+r ,-d pally unify ii;;,,art to any : ;ecuttty it tray haccr ,,. lt, •. •:'.c it nay deem proper, rind notwitimmity;ing any rc,,latEral
<br />rity, Gecured Patty sh,dl retail: its r rghts of setoff allain:,f INCICi.
<br />All rights of Secured Party hniumder shall inure to too bullofmt ..f ot, : r,c.ceSSC;cs and assigns; and all pronuses and rfutiia of Dubtur
<br />Shall Hind HS Hairs, e,ecutnr - or admmisprators or iu; , i *� sui.cobtrlis .a ,issipns, If thew- bo more than one Debtor, 31,4111 I talitht+rrs
<br />hereunder sliall be point Anil
<br />This. afliefinent Shdtl bet.td,[E• ,rlfeLtive whets it is stgnixl by Debtr,r.
<br />rt
<br />r
<br />�•r
<br />7Inv
<br />v�
<br />� LY
<br />
|