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<br /> ^ �. , , � � 91-102731
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<br /> ,.�:,�,...�.,.. A tract of land compris ing al l of the Southwes t Quarter
<br /> of Che Southwaet Quarter (SWl/�3W1/�1), Excepting �here-
<br /> � • :':..:"" .�::F::... Erom the northerly E'ive Hundrod 3oven�y-Five a�d
<br /> '�'��'��`'+�u Fighty-Three Hundredtha (575.83) f eet thereof, al l i n �. °�-
<br /> _ ,:. �, —
<br /> "�'��� "'' Section Eighteen (18), Township Eleven (11) North,
<br /> ' ��_T'��1�� Range Eigh�c (8) West oE the 6th P.F1. in Merrick County,
<br /> �, -�,� Nebraska.
<br /> � ��- ' _--
<br /> � �•.:; Upon the happening of an,y .�s -`
<br /> - _:;��, • 4. Cross-Collateralization.
<br />��� -�-=.�•�'` �� � default in respect o one or more of the loans cuade by the I.onder _
<br /> -==�—' to the Borrower or Guarantor Gerald G. McCioud, a/k/a Gene G.
<br /> `-�"t " '�''.'•� � ticCloud, as described above„ the Borrower and the Guarantors
<br /> ;��� �.:•.
<br />_ � agree tha� the Lender shall have the right to deem such a default
<br /> _'�'�`� - '.�`?;;^-�•�w , from the date of thi� Agreement forward as a default in respect
<br /> _��:���i,��,�•r��' � , �;. ta all vf the loans then existing fn respect to the Borrower and
<br /> ��.
<br /> """"�� .'a��? - t�e Gua�antora, gran�ing further unto the Lender• at its optfon. � �� --
<br /> .: }; �,,, ;k��,`���� upan ac�� such default, the right to declare all indebtedneas K.�:.. --
<br /> = �,� '��'%�!�.r=��•' owing from the Borrower a�d the Guarantors to the L.ender immedi-
<br /> ,`'y' '"`" `�r, .'�' . . � , to exeraise all rights avaiA�b�e to the �_
<br /> ' �.-,, ately d�� and payable and -
<br /> °"` '� `7��K�� ^ti Lender upon the happening of a default.
<br />.-rt.' .'�'� - I.rl+.
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<br /> � ��,� �:.:���<<���_. ., it is Eurtt�•ar agreed by the Borrower and ttue 3uarantors that
<br /> :� �the security of pacagraph 3 of this Agreement is hereby cross-
<br /> . . '� collaterized to constitute security for the entireky of the
<br /> ' � � ' � indebtednegs described in para�raph 1 of this Cross-
<br />:::„�, :`.';"'` " ,
<br /> � �•�����} � Collateralization Agreement, and that upon the happening oF any
<br /> �'���"�'!• •�� � such default, the entirety of the collateral described in para- - 4_•�-
<br /> : . ;;.,. .. : .�..
<br /> ';,;'�• :;<�:;�,;' ° •� � graph 3 shall be utilized to satisfy the sums owing �ram ttia --- ---
<br /> '` � 5;�:'- - Borrower and the Guarantors to the Lender in respect t� the
<br /> � ''� �"��f �,... indebtedness identif ied in �aregraph 1 . ��:__
<br /> • -.'�.��..;���G� '� _.. _
<br /> � :` ,._.:.,� . �jY�i':.-.
<br /> � � �,a:�:��`� ;� 5. Consecn�.. The Lender shall have the f��l right, in its `?�i.;�:;:�
<br /> , , �. -.,�...;..,: _���,o:�.__-
<br /> i ,.� , sole discre�t �on and without any notice to, or consent from, the
<br /> � Bo�rower or the Guarantors, Erom time to time, and at any time, �.�.a.�::,�;,,:
<br /> ,. �� , ' and without affecting, impairing or discharging. in whole or in �`
<br /> ' ' �• �� part, the liability of the Borrower or the Guarantors hereunders
<br /> l � (aj to make any changQ, amendment ur modification whatsoevQr of ��•'�"�'!r;=��',�
<br /> � ; ,,, ��• �ny term or condition oC any transaction or debt, includin rates . �'='-�''
<br /> 9 �__.��'��
<br /> � � :d. " � of i�terest with respect theretot (b) to extend, in wholo or in ��;=�;;�,.�:-r=:
<br /> " par�, t�y renewal or otherwise, and on one or any number of occa- '"'"�:;�;'�'��:�•
<br /> ---___ " ':���a4trr;,�--
<br /> - sions, the time #or the payment of any debt or the performance of „ �:�
<br /> ��.��-�;���i:.'!`> any term or condition of an transactions (c) ko settle, compro- "�`'�;;;���:':_=�
<br /> �'t;'1`� mise, release, aurrenJor, subordinate its inter�st in, modify or ` ��•'``-
<br /> - ��.,.
<br /> � ':�}i•;`:�,�'.
<br />: � ``,;.,..,.� impair, and to enforce and exerc�se, or fail or refuse to enforce ;•.�.��_. �
<br /> � ' " �•� � „ or exerc ise, any cla ims, righ ts or rern�d ies of any k ind or natu re - =-
<br /> �� ,, ' � against the Borrower or the GuArantors or any Guarantor oE the �-____�_-_-- ---
<br /> ,�� � , "� Borrower's oc the Guarantors' debts or transactions, or any ��=;--:�-_
<br /> � collaterai r�ecurity hQld by the �ender. jR �-�'_ _
<br /> ��r����. : ' � ;y�� ��;,��;
<br />- �y.,-..� _ r�41�Lt....u�.'•'!L�j.�..
<br /> ' 6. Warranties of the Borrower and the Guarantors. The Bar- �,' ��'� � ._
<br /> , ,, �,�,,?:
<br /> :' ;"r,':`� � Xpw�r and t e Guarantors hereby warrant and covenant:
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