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<br /> -��'i ADOITIONAL TERMB 9� --...---
<br /> �� � pl�TOII WARRANT�AND COV�NANTQ: 11 Th�t�xcept for Ihe tacurlty Int�reet pranted hereby Oebtor Is,or to
<br /> ^�� � _ the�xtent th�t Collat�ral i�ecquirad alter the�ate hereal, wlll be, the owner of the Colleteral free irom�ny sdv�rt�
<br /> • a��l y�� Il�n,wcurity IM�re�t ar mcumbrmcr,�nd th�t O�btor wlll dafmd th�Coll�teral�palmt NI cl�lms�nd d�m�nd�01 dl pwwns __
<br /> *y; '`�;;; at�ny fim�cldminp 1h�wm�or en�r Intrraat Ihereln. �2) That no F�nanr,ln�Statomont othor thn�other Flmncln�9t�t�•
<br /> ment pnviou�ly piven to Seou�ed Parly coverinq tho Cqllqter�ll or any proceed� thereof le pn 111� In�ny publlc ollic�
<br /> h �'•'•'�.� �nd th�t�t the reque�t of 8eeured Psrty, Debtor wlll oxecute and delivar to 3ecured Pprty one or moro FimnelnQ 9teto-
<br /> '� . m�nt�or oth�r document� purouant to the Nabr�sk�iJnNorm Commerclol Code which are deem�d by Ihs Secured Perty
<br /> � fo b�n�ce�wry or deslnbl�to the�ttachment,perleetlon or contlnuetlon ot the eecurity Intenit 9ranted h�reund�r, �II
<br /> �.,,.;��,,, In lo�m eatltlaclory lo Sacurod Party, end wlll psy the coat of Illinp�uch Flnanclny Statemont.lhlf Securlty Apr�monl,
<br /> �� � any contl�u�Qon or terminAtio�statoment a�d othor documents in nll publlc offfcas whorover flling Iw dnmm�A by�ecured .: _
<br /> � Parly to b�neceesary or doelreble:and if the Collataral Is attached to real estale prlo► to the perlectlon ol the security
<br /> ��-.���� :;� ^s ' � intereet p�onted hereby or It the Colluternl Includea crope or oil,gee or minerels to hn extracted o► tlmber to b�cut� ---.-
<br /> �,,..�;� . Q ebtor will,on demand of 3ecured Porty, tumleh Secured Party wlth a diaclalmer or d�eclalmers or eubordlnaUon apree-
<br /> ment sipned by oll poroons having an Intire�l In t ho rea l e�ta te,d iec la lm inp or su bor d i n a t f n p a n y I n t a�e�t I�t h e C o l l a t e r a l
<br /> ���.-,�r ,� which le prlor to tha Intereat o1 Secured Party,(3) Not to sell, tranefer or dlepoee of the Collaterel,nor take the aame or
<br /> —'��""'°' - ' attam�t to take the esme Irom the county where kept ea stated, wfthout the prfor written coneent of tho 3ocured Party. __
<br /> � ��;�. ? o (4)To pay all taxes and awessmenta of every nature which may be levled or easesaed ayainst the Collaterel.(5)Not to permit —
<br /> --,,-�,�,, � ` or allow any adverae lien, aecurlty interest or encumbrence whateoever upon the Collwteral, and not to permil the aame � � ___
<br /> +����•.�,}� to be ettoched or�eplevined.(8)1'hat the Collateral fs in good condltion and that Debtor wlll at hla or her own expenae, �
<br /> �`??1=�� keep the seme in gaod condltion and Irom time to time,forthwfth, reqlace and repalr all�uch perts af the Collaterel aa
<br /> ' �,, mey be broken,worn out or demayed without allowfng eny lien to be created upon the Collateral on account of auci�
<br /> —'�`�.� � ��� . � re lecement or repalrs,end that the Secured Perty may examine and fnapect the Collateral at any time,wherever located.
<br />:_�_�
<br /> -.:_�;�°,�,��.,�_ �_-� ""`- (7 Thnt De�tor wlll at his or her own axponae keep tha collaterel ineured in e e�mpany satlsfactory to Secured Party �___ ___ _
<br />_�_� M :; ,,. �� �, ' egaln�t loaa,as eppropr fa te,by t he l t, c o l l i e l o�,f i r o a n d e x t e n d e d c o v e r e ge,wlth loss pa yable to Secured Pe►ty�4.flw.h-
<br /> r,= °�.,x'.,� ° � ^ , terest may appear, end wlll on demend dellver seid policlea of I�aurance or turniah prool 01 such insuiance to Secured
<br /> �• �ry�� � Party. (8) At Its optlon Seaured Party may procure such insurance, diacharge taxes, liens o� securfty Intereats or other
<br /> a�� ��— • encumbrencea at any time levied or placod on the Collaterel end may pay for the repeir of any damage or in�ury to or _T�_ __
<br />- • for tho preaervation end malntenance of the Callate�al. Debtor agrees to relmburse Secured Pa�ty on demand for any
<br /> =�� peyment or expense i�ourred by Secured Parly pursuant to the foregoing authorfzatlon. Undl such reimburaement, the �•�
<br /> �� a• . amount of any auch peyment, with interest at the�ate of 16°b per annum from date of payment untll relmbursement,
<br /> � shall be edded to the Indebtednesa owed by Debtor and shall be secured by thfa Agreement. (9) That Debtor wlll not �_`_W.'"".�:;•�
<br /> �'���. '• • use the Colleterel in vfolatlon of any applicable statute, regulatlon ar ordinance and if any of the Collateral Is motor
<br /> � � vehicleo,the same wlll not be rented nor used in rental sorvice nor in any speed or endurance contest. }�
<br /> ' � � � UNTIL DERAULT Debtor may have poaseasion of the Collateral and use It in sny lawful man�er not inconsfslent wlth ��`��=°
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<br /> thle Agreement end not Inconelatant wlth any policy of fnaurance thereon, and upon deteult Secured Party ahall heve
<br /> -• '«�Y':�,�,� Ihe immedlale�Ight fo the posseasion ol the Collateral. ��°°�
<br /> , �. DEBTOR SNALL BE IN DEFAULT under thia Agreement upo� the happening of any of tho followlnfl events or —, ,��_
<br /> 1 � condltlons: (1) default in the peyment or pe�lormence of any obligatlon, covenant or Ilability contalned or reterred to �•�Y=�•�''�
<br />- �?� herein or In any note evldencing the same; (2)any werranry. representation or Ilnancial atatement made or fumishe�to
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<br /> Secured Party by or on behall 01 Debtor Is discovered to heve been false In eny materlal ►eapeot when made or fur-
<br /> � � n{�ycd; (3)any svent whlch resu!ts��r..�uld result I�the accvleretlon o1 the maturlty of the fndebtednesa o1 Debtor to
<br /> .�,' •: others under any Indenture,agreement or undertaking; (4) loss, theft, damage, destructfon sele or encumbrence to or of `�y -=
<br /> ' any of the Collateral, or the mekMg of any levy, sefzure or ettachment, thereot or ihoreon; (5) death,dissolutfon term- � ° „
<br /> . Inetion of existence, insolvency, business faflure, appoMlment of a receiver ot any part ot the Collateral, assignment for � . �_-;
<br /> ' the benefit ol creditora by Debtor,or the commencement of any proceedings under any bankruptcy or inaolvency laws
<br /> ' by or against Debtor or any guarentor or eurety for Debtor. ��
<br /> UPON BUCH DBFAULT and at any time thereafter,or if it deems itself Insecure,Secured Parly may declare all Obli-
<br /> gatlona secured hereby immedfatoly due and payable and ahall have the remedies of a Secured Parly under the Nebraska
<br /> UnNorm Commerclal Code.Secured Party may require Debtor to assemble the Collaterel and deliver or make it aveil- ��,�.;_ _—
<br /> . ' • eble to Secured Party al A place to be designated by Secured Party which Is reasonably convenienl to both partles.
<br /> Unlesc the Collateral is perlahable or threatens to decline speedily In value or is of a type customarlly sold on a recog- �"'.,�;�%�
<br />• " . � nized market, 3ecured Perty wfll give Debtor reasoneble notice ot the time and place of any public sale thereol or of ,,,�'��;,,��.��,—
<br /> ' � • � the tfine alter which any private sale or other fntended d{spoaftion thereof Is to be made. The requirements of reason- � -
<br /> � able notice shall be met if such notice is malled, postage prepaid, to the addreas o1 Debtor shown at the beq�nninq of .,., _
<br /> `�. � � 2hle ogreement at least Ihree business deys befo�e:he tlme of the sale or disposition. ":°
<br /> . No welver by Secured Party ot any default shall operate as a wafver of any other detault or of the same default on a ��� •-
<br />- ° • future occaslon. The taking of this Securlty Agreement ahall not waive or impair any other security said Secured Party �?": �`-
<br /> , ' : � ,�., .` �• may heve or herealter acquire for the paymont of fhe above indebtedness, nor shall the taking of any such addfUonal �. • • : .
<br /> � • ` securfty weive or fmpalr thls Security Agreement:but sald Secured Party may resort to any security fl mey have In the , ":;
<br />- . � �`, order it may deem proper, and notwlthstanding eny collateral securlty. Secured Party ahall retafn its rlghta of aet-otf �� - ^t`::
<br />- . . ., ayainat Debtor. ; ': •
<br /> , All rlghiB of Secured Party hereu�der shall inure to ihe benafit ot Its successors and assigns; and all promfses and
<br /> � dutfes of Debtor shall bind hig or her heirs, personal representatives ar hfs, her or Its successors or assiyns. II there be ! . . . �-
<br /> � � • � more than one Debtor,thelr Ifabll�ties hereunder shall be joiM and several. Y� �°-
<br /> � ThiB Agreement shall become elfective when it Is slflned by Debtor. A carbon, photographfc�r bth¢r�►eproductfo�ot �y..�;,��w;._'
<br /> t h e a i q n e d S ecurit y A greEment or Flnancin g Statement may be used as a FMancing Slatement. �' ��-
<br /> , ' ADDENDUM •
<br /> • . The undersigned, hereinafter "Owner/Debtor", owns or has<�n Interest fn the collateral descnbad an ihe reverse sfde �
<br /> � of thla Agroement, but fs not a party to the obligalion aocu�ed by th�s Agreement. By executfng thls Ag�eement, ;
<br /> � • Owner/Debtor undertakes no obligatfon tor repaymvnt of such obligahon, but weives all rfght, tltle and Interest In and �
<br /> . • to safd collaterel to provfde security for performAnce o� the obligntion. All provis�ons of this Agreement apply lo
<br /> + OwnedOebtor end ihe term"Debtor"as used m this Agree±ment and any .�ccompc�ny�ng Financing Statement refers col-
<br />:� ' ' �, lectfvely to Debtor.Owner/Debtor or both as the context may requlre. !
<br /> . • . Dete !� Ow�cntor .
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