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F may be applied by secured party to the payment of other liabilities of Debtor to secured party, and in such order of application, as secured party may from time to time elect. SECTION SEVE % NNICE Debtor hereby waives presentment, deoW4, tWrt:isae of dishonor, protest, i and alb, other notices whatsoever. Securest pwtY may fray. tin to Ume extend or renew the note for any period, regardless of whether for a longer period the than original . period thereof, and grant any releases, ompromises, or indulgmaes with respect to the . note, any extension or renewal thereof, or any security: there €are or to any party liable thereunder or hereunder, all without notice'to or consent of Debtor arA- withaat affecting the liability,ot Debtor under this agreement. S37MON r rMT: WAIVER No delay, . bY` secured party - in the exercise of any right , or ready under MAW �=-6RMs:: hall gate to a'`i uiver thereof, and no single or partial exercise by secured party of any such right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy. SHMION NINE,: CONSTRUCTION AND FFF = This security agreement has been delivered to MY Burry rat his address, City of Grand Island, County of iAU.P,: State of Nebraska, and shall be construed in accordance with Neb.' Rev. Stat. U.C.C., Art. 9 (reissue 1980) and other applicable laws of the State of Nebraska. Whenever possible, each provision of this agreement shall be interpreted in such manner as to be effective and valid under applicable law; however, if any such provision shall be prohibited by or invalid under applicable law; such provision shall be i *f'fe& ve to the extent of such prohibition or -ulvd- lidity without invalidating the reminder of such provision or the remaining provisions of this agreement. I L. o A r.: o A