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ADDITIONAL TERMS OF THE CON'
<br />GENERAL TERMS - As used in this document, "contract" includes the
<br />terms 0 the security agreement. You have, bedn givers an opportunity
<br />to purchase the property and /or services on the front side for mile cash
<br />or the total
<br />If you buy let which
<br />time. total price le priao d(srolost�d
<br />in the outlined box on the front side is based on the terms in effect:
<br />today and the assumption that all payments will be made as scheduled.
<br />The actual total sale price may be more or loss than tile, amount dis•
<br />closed depending on the interest rates in effect from time to time (if
<br />variable) and'your payment record. You agree to buy the property
<br />and /or services from us at the actual total sale price according to the
<br />terms of this contract.
<br />YOU agree this lbe ttNobia k, Including tilt) Uniform Com norrcaCod, You agree hath of
<br />s
<br />and any other written agroamunt pertaining to this sale contain all of
<br />the arms end provisions of your agreement with ue and that we have
<br />not rmida any oral warranties or promisrs regarding the secured prop-
<br />arty. This contract takes affect when signed try you.
<br />Any term of this contract which does not comply with epplicat)le law
<br />will not br effective If that law does not expressly or impliedly permit
<br />varlations by agreement. If any part of this contract or security agruu-
<br />rnent cannot be enforced according to its terms, this fact will not affect
<br />the balance of Tire contract and security ngrounreni.
<br />INTEREST- IntnrnNt nccruos on the unpaid balanc of principal rnnauraintjr
<br />from time to time, serfsl pall in full. If this contract is marked "variable rate, '
<br />YOU will pay interest at the rats in effect from time to time. I•fowtrvor, the
<br />interest rate on this contract will never exceed the maximum rate allowed
<br />by law for this contract. The Truth -in- Lending disclosures on the reverse side
<br />will Indicate if thare are any contractual limitations on the periodic or total
<br />interest rate Increasais for this contract, Each payment will be first applied
<br />to interest accrued up to the time the pa ment is actually made, then to
<br />principal. Tile actual amount of our fin I b
<br />TRACT AND SECURITY AGREEMENT 200205061.
<br />(a) You will arrange for us to be named as loss payee on any such
<br />Eolicy so that arty benefits arising from ttre insured risks will first
<br />e paid to us for application toward the secured obligations;
<br />(b) you agree that wo may, in the event of a loss, require additional
<br />Sacurlty of assurances of payment or s:io secured obligations as
<br />a condition of pormitting any insurance benefits to be used for
<br />repair r rePlacomont of the property;
<br />lc) you agree to purchase Insurance t?rom a company that is authorized
<br />to do business In Nebraska and that it) roaeanably acceptable to'.;S:
<br />(d) you will maintain this Insurance until all thu secured obligations
<br />are paid In full; and,
<br />(o) If you fall to obtain or maintain this Insurance, or you fall to arrange
<br />for us to be named as loss frayae, 'No may (but in no avant are
<br />required t) purchase such insur'anco which will secure only our
<br />Interest In the property. The amount we pay for such Insurance
<br />will be added to the secured obligations, will be Immediately due
<br />and will stun intomst at the rate in effect from timu to titre, until
<br />pint in full.
<br />WAIVER - You wdivfr (to tho extent hurrmitiod by law) demand, present-
<br />ment, notice of acceleration, nolrcu of Intention to accelerate, protest,
<br />notice of dishonor and notice, of prolcfoc This means you give up the
<br />right to roquire us la dull-1111 payrnents of the amount due, to give
<br />notice )hart arriuunr3 (full )lava no: hear paid or to give notice that we
<br />me e1wicing tho contract imiricAt,nailr dint
<br />r,t'.A)'ANTEE - You guarantee ho payment of this contract, You also
<br />agree that all the other terms of the contract will apply to you.
<br />NAME
<br />than the amount scheduled, dependingaonethe e interest rat mint effect (if
<br />variable) and your payment record.
<br />If the interest rate on this contract is scheduled tr•r change other than
<br />at the Santa time the base rate changes, then the interest rate will ire.
<br />determined by using the base rate in effect at the time the Interest rate
<br />is to change. Changes In the bane rata occurring between scheduled i
<br />changes in the interest rate will then be ignored. Decreases in tho
<br />Inturst rate for this contract will have the opposito effect on payrnents
<br />that increases would h• a. I
<br />OWNERSHIP AND JuTIES TOWARD PROPERTY - By giving us tht:,
<br />security interest, you. represent and agree;
<br />(a) you will defend this property against any claim marlo by anyvno
<br />el §e, and will do whatever is necessary to preserve our status in
<br />thu property;
<br />(b) tilt) security interest you are giving us in this property has first priority
<br />over th 'Claim of any other or your general or docuted cruditors. You
<br />have s -gned or irnmediatt)fy will sign any additional documents or
<br />provide us with arty additional information wu may ruquiru to perfect
<br />and preserve our first priority in this property. You will rat hu,eaher
<br />do anything to dufoal our position;
<br />(c) You will keop the property in your possession in )Mod cundrtinn
<br />and repair, and use it only fur the lawfie rurnosrrs for which it was
<br />intended. Unless otherwise agreed in ng, the property will bu
<br />located at the address lislad on the fro, of this trrn;
<br />id) you will not attempt to sell the propo / tunless it Is inventory and
<br />identified as such) or otherwise transfer any rights in this property
<br />to anyone also. You will not permit there property to becurmo attached
<br />to any real estate without first providing us an opportunity to
<br />preserve our first priority status;
<br />(e) You will pay all taxes and assossrnents on the property as they
<br />become due;
<br />(f) you will provide us reasonable access to the property for the pur-
<br />pose of inspection . rid notify us of any loss or dame, e; and
<br />(g) you agree that the ;ortificate of title to this property, many, shall
<br />be endorsed to show the security interest we hava in this property.
<br />~ THIRD PARTY AGREEMENT Y
<br />By signing within this enclosure, you agree: to give us a security
<br />Interest, in and Ilan on the property Iihat is described 7n the front
<br />side. You agree to be bound by ttte terms of this contract and security'
<br />agreement but, rogaidjoss of any provision to the contrary contained
<br />horoin, riot to be liable for any payment it requires. You agree that
<br />we may, without releasing you or thr property from this Third Party
<br />Agroe,ment and without notice or d,rniand upon you, renew, extend
<br />or change arty terror of tills contract and security agreement, or take
<br />or release other security (including guaranties) for the obligations
<br />of any Buyer.
<br />You waive (to the extent permitted r.y law):
<br />(a) all notices and demands;
<br />(b) any right to require that wo foreclose on any particular security, sue
<br />any Buyur or any other person or, I,Ursuo any other res mady we
<br />may have;
<br />(c) any defense or claim against us arising out of the disability or
<br />non - liability of any Buyer for any reason other than full pay -
<br />mont;
<br />Ida ill statute,:, of limitation to the extent permitted by law; and
<br />ir.l any doren,e Of claun afjainist us arising out of Our election to
<br />forer,lusu+ nn the Collateral, by judicial or nonjudi,�ral sale, or
<br />our elochon to exercise any other right or remedy We may hdV0,
<br />even though that election extinguishes your right to reimburse -
<br />mont from the Buyer.
<br />You acknowledge receipt of a completed copy of this contract arid
<br />socurity agreement;
<br />Data: -
<br />X
<br />Name. _._..._
<br />i
<br />
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