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103601 <br />Debtor to orm any y agreement contained herein. <br />2. Any nnterial false or misleading statement, representation, or <br />warranty of Debtor herein or in any other writing at any time furnished by <br />Debtor to secured party. <br />. 3. Insolvency or inability of Debtor to pay debts as they nature, the <br />making by Debtor of an assignment for the benefit of creditors, or institution <br />of any proceeding by or against Debtor alleging.,that Debtor is insolvent or <br />unable to pay debts as they mature. <br />SHIM �3t 17', DIM <br />an any default hereunder, the secured party may exercise at any time any <br />rights and remedies available to him under Neb. Rev. Stat. U.C.C. Art. 9 <br />(reissue 1980) or other applicable law of the state of Nebraska. Upon <br />satisfaction of the first lien with Norwest Bank of Grand Island on the said <br />colateral K Debtor shall, in case of default, assemble at the expense of <br />:. ► y <br />Debtor said collateral at a convenient plaoe acceptable to secured party and <br />shall pay all costs fired. day secured party in collecting note and enforcing <br />the rights of secured.p=ty hereunder, including reasonable attorneys fees and <br />legml expenses and expenses of any repairs to any real or other property to <br />which any -of -collateral may be affixed. <br />Zb the extent that notice of intended disposition of any of collateral is <br />required by law, such notioer.'.tif mailed, shall be deemed reasonably and <br />properly given if mailed at feast fifteen (15) days before such disposition, <br />postage prepaid, aWressed to debtor'at the location appearing on the reads <br />-_ <br />of secured party. Any proceeds of any disposition of said collaterat may be <br />applied by secured party, after satisfaction of the obIX4ation represenbadby <br />this note, to the payment of expenses in connection with collateral, including <br />reasonable attorneys fees aura legal expenses. Any balance of such proceeds <br />1 <br />' <br />t <br />r <br />