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<br /> AQ�litia�t Paavlaiona :�.��.�� ��
<br /> Qsbta Wanant�end Cov�nent�s 11t That except for the security interest gtanted horaby 0��.`or to tha extent thet thia ogrc►ement
<br /> states ehot tha Colinteral is to be ecquirad aftar the det�heroof.will be,tho owner of theCollate�at trea iram any advereA Ilen,eccurity _
<br /> Interest or encumbrance: and thet Oebtor wfi!detertd the Coltatorat agalnst alt alaims end demends of ell persona at any timo alaiming
<br /> the sane or any interest therein. (2)Thet�to finenaing Btetement t�verfrtg the Gnllateral or eny proeeedo thereof ia on file(n any public
<br /> antf to eha Netxa�k�Uei onn Can�nercie�t Code/in fortnr setfetaatotY o Seeured Pert�►`end w II fpay the�cost rotf fiting auch tinencfng stete� �
<br /> ment,this secutity agreement and eny continuetion or terminatlon statemetst. in ail pub�la oftiaes wherever filing is doemed by Secured
<br /> Pa►ty to be necessary or cles{rabiet end it the Colieteral ia ettechsd to veal eatate prior to the pertection of the security i�terest g►anted _
<br /> hereby or if the Collateral Includen crops a oil,ges or minerels to be extracted or timber to ba cut.Debtor wi�l.on dema�xi of Secured _
<br /> Pelvesta e.sdisaeleiming�ubordinating any i t rest'i�the Cotiaterali�which fa pr�io�to the�nterost ofSec�s�ed Party.nl3ltNot to sell, °
<br /> uansfer or disposa of the Collaterei�nor take the same or ettempt to t81co tho seme f►an rire county where kept as above stated, without
<br /> the prior vrrftten consent of the Securod Pany. (4) To paY e�� texes end °s�e8�nts of every�aturo whicfi may be levied or asses&ed
<br /> agatnst the Cotleteral. l6)Not to pertnit or ailow any edverse 1 fan,security intemst a►encunbranee whateioever upon tho Collaterai.and
<br /> not to parmit the same m ba attnched or repievined. l8)That the Co.iteterai is In good conditlon, and that he wili at hic� own expense,
<br /> keep the eame in good condttion and fram ttma to tin►e.torthwith.roptece arxt repai►atl such parts ot the Collateral as may be broken.
<br /> Secured Party m�am ne and insipect the Col aterel atHm�y ttman whereverlocatedeCl7)Thet h wiilpet hts o�wn exper►se keep the Col-
<br /> Iate►el ineured in a companY eatisfaatory to Secured Party against(oss, ea appmpriate.by d�eft.co���sion,iire and exter�ded ooverege.
<br /> with loss peyable to Secured PertY es its intereat mify appear,and wfU on demand detiver seid poileio�ot fnsurence or furnish praof o! . -
<br /> such insuranctt to Seeured Party. (8)At ita ob�tion Secured Party mey procure eucl�fr+s�u'ence.e�c�.h of emfy damage or fnpuryrto ar tot�the
<br /> or other encumbrancea et any time levied or pleced on ttae Colteteret and may paY _
<br /> prt�ervetion sr�d r��nta�iSnCO o!tha Collatp*�d.Debtor aArees to��i'nb�+�eo 5��+�P�°n demend for eny poyment or expense Incurted _
<br /> by Secured Perty pursuant to the to�egoing eutho�ization.Unt�l such reimbun�e�iwn�tno cmaunt of m�y euch paYneent�w'jm�+►tarest si tho
<br /> rata of 18 46 per annwn f�om dete of payment until mimbursement,shell be added to tf�e indebtednesa owed by Oebtorand thatl
<br /> be secured by this�greement(9)Thet he wiil not u:e the Cotlateral in vloletton of eny appticable statuu,regutetton orordi�asnce and it
<br /> any of the Collate�e� h motor vehicles the�ame wfll�ot be rented,t�sad tn rental tervtce nor tn any speed ar enduranca contesL{10)
<br /> thiatsecurity agreeme�t and�thae same hall be secured by this aecurity agro8mve tng poasession of theCollateratand incur�ed inenforct�g
<br /> ncons�stent witl�my po11cY e1i nsueanca�tt►ereonC aind upon defauititSecurod'P�Y1+'shaS!htsva t4te l�es�let���th�e�session of =-
<br /> the Collate►al.
<br /> 'Dcbtar 8M����n O�hutt unde►this aQmement upo�tl�e hePPening of any ot the tollowing events ar eondttiOna: t1)detauit i�the pay-
<br /> ment or perfortnnnce ot eny obligation.covenant or 1 iebl�ity contained ar reteRed M herein or 1�any rtots evidencing the 9�ne:i�1 arn
<br /> werrenty.represes►tatioo a�tetement made or fumfshad co Secured PerN bY aT an behalf of Oebmr provea to have hnen false in aay me�
<br /> terial respect when mede or fumished: (3) any event whlch resuite•In Me eccalert+tlon of the meturity of thc indebtedness ot Debtor to
<br /> othere under any �ndenwre,agreemeirt or undertakieg; �4) �oss,theh.damepe. deewatton aele or encunbranee to or oi eny oi thd Col-
<br /> teteral,or the mektng of any levy.9ei�ure or atteclment thereof or thereoni (6►death.dissolution,tem�inetion of existecice.irtsolvenay.
<br /> husiness tallur�.�g���y�nkTUeptcYfor insolvenay lews bY or sgei et Oebton r or anyegu�ntor or se ty tor O•eqto�c��nca�
<br /> ment ot wsy proc
<br /> Upon Suoh D�f�utt end at eny time tharBatter.or tf it deems Itself insecure.Socured PaKy may dectere ell Oblieatimo seeurod herebY
<br /> immedfate►y due and AsYeble and sh�li beve the remedios of e secured pany under tlie Nelxaska Uniform Ca�mero�el Code. Secured
<br /> Perty may roWire Oebtor to ae�emh�e the Coltaterei end deliver or meke k availabie to Securod Pcrty et a A��e to be deal�neted br
<br /> S�cured Perty which ia reesonebiy convenlent to both Parties. Unless the Coliateral is periebabte a threptens to dec�tne spvedUY�n
<br /> vaiue or Is at a type customarlty satd on a�ecognized marin�� Sscured PArty wlll 9ive Debtc►reaso^eble notice of the tima end qtace of
<br /> ,,�v public ssls�eteoT or of the tima after whid�tmY private sele rn enY other intendetl dlspositit+n tAereof is to be made• The req��re'
<br /> •,,<.nts of roasoneble noticn shall be met if such notiee Is mafled, post+dge PnPe�d.m the addreas of Debtor shown at the beginning of
<br /> �his agraement et least flve deye before the time of the se�e or diapositlon.
<br /> . No waiver by Secured Party of any defauit shett operate as a waivor oi eny ott►er default or ot the same detault on a futvo occesion.
<br /> . the teking o!this aecurity apreement ahali not walve or Impair eny other seeurity anid Seairod Pany mey havo or heroafcerecquiree:
<br /> the payment of the above�ndebtedness,nor sheil the teking of any suah eddltionai seeurity vra►ve u� Irt�pttir this security agreem
<br /> �but said Sscurod Perty maY resort to a^Y�rtq it mey have in the order it may deem p'o�er.and notwithstandtng a�y co��etsrel aecu•
<br /> rfty.Secured PartY shel t retain ita righta ot setoN egainat�eDtor.
<br /> Ali righ�h�Irs.execut re ardedministratore o►h{s�a i�sf succeasoreuor aso�igns.�if tlroreebe more Nen one D�btor�.thel�liobi itt�ea
<br /> ehal�b
<br /> heroundar shait be joint end saverat.
<br /> Thle agreement sHalt 4ecane eHective when it is signed by Oebtor. —
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