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200oo U 1 8
<br />Additional Provisions
<br />Debtor Warrants and Covenants: (1) That except for the security interest granted hereby Debtor is, or to the extent that this agreement
<br />states that the Collateral is to be acquired after the date hereof, 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 the
<br />same or any interest therein. (2) That no financing statement covering the Collateral or any proceeds thereof is on file in any public office
<br />and that at the request of Secured Party, Debtor will join with Secured Party in executing one or more financing statements pursuant to the
<br />Nebraska Uniform Commercial code in form satisfactory to Secured Party and will pay the cost of filing such financing statement, this
<br />security agreement and any continuation or termination statement, in all public offices wherever filing is deemed by Secured Party to be
<br />necessary or desirable; and if the Collateral is attached to real estate prior to the perfection of the security interest granted hereby or if the
<br />Collateral includes crops or oil, gas or minerals to be extracted or timber to be cut, Debtor will, on demand of Secured Party, furnish
<br />Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons having an interest in the real estate,
<br />disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Party.
<br />(3) Not to sell, transfer or dispose of the Collateral, nor take the same or attempt to take the same from the county where kept as above
<br />stated, without the prior written consent of the Secured Party. (4) To pay all taxes and assessments of every nature which may be levied
<br />or assessed against the Collateral. (5) Not to permit or allow any adverse lien, security interest or encumbrance whatsoever upon the
<br />Collateral, and not to permit the same to be attached or replevined. (6) That the Collateral is in good condition, and that he will at his own
<br />expense keep the same in good condition and from time to time, forthwith, replace and repair all such parts of the Collateral as may be
<br />broken, worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and
<br />that the Secured Party may examine and inspect the Collateral at any time, wherever located. (7) That he will at his own expense keep the
<br />Collateral insured in a company satisfactory to Secured Party against loss, as appropriate, by theft, collision, fire and extended coverage,
<br />with loss payable to Secured Party as its interest may appear, and will on demand deliver said policies of insurance or furnish proof of such
<br />insurance to Secured Party. (8) At its option Secured Party may procure such insurance, discharge taxes, liens or security interest or other
<br />encumbrances at any time levied or placed on the Collateral and may pay for the repair of any damage or injury to or for the preservation
<br />and maintenance of the Collateral. Debtor agrees to reimburse Secured Party on demand for any payment or expense incurred by
<br />Secured Party pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at the
<br />rate of 16 % per annum from date of payment until reimbursement, shall be added to the indebtedness owed by Debtor and shall be
<br />secured by this agreement. (9) That he will not use the Collateral in violation of any applicable statute, regulation or ordinance and if any
<br />of the Collateral is motor vehicles the same will not be rented, used in rental service nor in any speed or endurance contest. (10) Debtor
<br />will pay Secured Party any and all costs and expenses incurred in recovering possession of the Collateral and incurred in enforcing this
<br />security agreement, and the same shall be secured by this security agreement.
<br />Until Default Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this agreement and not
<br />inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of the
<br />Collateral.
<br />Debtor Shall Be in Default under this agreement upon the happening of any of the following events or conditions: (1) default in the
<br />payment or performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same: (2) any
<br />warranty, representation or statement made or furnished to Secured Party by or on behalf of Debtor proves to have been false in any
<br />material respect when made or furnished; (3) any event which results in the acceleration of the maturity of the indebtedness of Debtor to
<br />others under any indenture, agreement or undertaking; (4) loss, theft, damage, destruction sale or encumbrance to or of any of the
<br />Collateral, or the making of any levy, seizure or attachment thereof or thereon; (5) death, dissolution, termination of existence, insolvency,
<br />business failure, appointment of a receiver of any part of the property of, assignment for the benefit of creditors by, or the commencement
<br />of any proceeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debtor.
<br />Upon Such Default and at any time thereafter, or if it deems itself insecure, Secured Party may declare all Obligations secured hereby
<br />immediately due and payable and shall have the remedies of a secured party under the Nebraska Uniform Commercial Code. Secured
<br />Party may require Debtor to assemble the collateral and deliver or make it available to Secured Party at a place to be designated by
<br />Secured Party which is reasonably convenient to both parties. Unless the Collateral is perishable or threatens to decline speedily in value
<br />or is of a type customarily sold on a recognized market, Secured party will give Debtor reasonable notice of the time and place of any
<br />public sale thereof or of the time after which any private sale or any other intended disposition thereof is to be made. The requirements of
<br />reasonable notice shall be met if such notice is mailed, postage prepaid, to the address of Debtor shown at the beginning of this
<br />agreement at least five days before the time of the sale or disposition.
<br />No waiver by Secured Party of any default shall operate as a waiver of any other default or of the same default on a future occasion. The
<br />taking of this security agreement shall not waive or impair any other security said Secured Party may have or hereafter acquire for the
<br />payment of the above indebtedness, nor shall the taking of any such additional security waive or impair this security agreement; but said
<br />Secured Party may resort to any security it may have in the order it may deem proper, and notwithstanding any collateral security, Secured
<br />Party shall retain its rights of setoff against Debtor.
<br />All rights of Secured Party hereunder shall inure to the benefit of its successors and assigns; and all promises and duties of Debtor shall
<br />bind his heirs, executors or administrators or his or its successors or assigns. If there be more than one Debtor, their liabilities hereunder
<br />shall be joint and several.
<br />This agreement shall become effective when it is signed by Debtor.
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