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ADDITIONAL PROVISIONS 200502381 <br />DEBTOR WARRANTS AND COVENANTS: (1) That except for the security interest granted hereby Debtor is, or to <br />the extent that Collateral is acquired after the date hereof, will be, the owner of the Collateral free from any adverse lien, security <br />interest or encumbrance; and the Debtor will defend the Collateral against all claims and demands of all persons at any time <br />claiming the same or any interest therein. (2) That no financing statement covering the Collateral or any proceeds thereof is on <br />file in any public office and that at the request of Security Party, Debtor will join with Secured Party in executing one or more <br />financing statements pursuant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and will pay the <br />cost of filing such financing statement, this security agreement and any continuation or termination statement, in all public offices <br />wherever tiling is deemed by Secured Party to be necessary or desirable; and if the Collateral is attached to real estate prior to the <br />perfection of the security interest granted hereby or if the Collateral includes crops or oil, gas or minerals to be extracted or <br />timber to be cut, Debtor will, on demand of Secured Party, furnish Secured Party with a disclaimer or disclaimers or <br />subordination agreement signed by all persons having an interest in the real estate, disclaiming or subordinating any interest in <br />the Collateral which is prior to the interest of Secured Party. (3) Not to sell, transfer or dispose of the Collateral, nor take the <br />same or attempt to take the same from the county where kept as above stated, without the prior written consent of the Secured <br />Party. (4) To pay all taxes and assessments of every nature which may be levied or assessed against the Collateral. (5) Not to <br />permit or allow any adverse lien, security interest or encumbrance whatsoever upon the Collateral, and not to permit the same to <br />be attached or replevined. (6) That the Collateral is in good condition, and that he will at his own expense, keep the same in good <br />condition and from time to time, forthwith, replace and repair all such parts of the Collateral as may be broken, worn out or <br />damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and that the <br />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 <br />coverage, with loss payable to Secured Party as its interest may appear, and will on demand deliver said policies of insurance or <br />furnish proof of such insurance to Secured Party. (8) At its option Secured Party may procure such insurance, discharge taxes, <br />liens or security interests or other encumbrances at any time levied or placed on the Collateral and may pay for the repair of any <br />damage or injury to or for the preservation and maintenance of the Collateral. Debtor agrees to reimburse Secured Party on <br />demand for any payment or expense incurred by Secured Party and interest charged at the maximum rate allowed by law. (9) <br />That he will not use the Collateral in violation of any applicable statute, regulation or ordinance and if any of the Collateral is <br />motor vehicles the same will not be rented, used in rental service nor in any speed or endurance contest. <br />UNTIL DEFAULT Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with <br />this agreement and not inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the <br />immediate right to the possession of the Collateral. <br />DEBTOR SHALL BE iN DEFAULT under this agreement upon the happening of any of the following events or <br />conditions: (1) default in the payment or performance of any obligation, covenant or liability contained or referred to herein or in <br />any note evidencing the same; (2) any warranty, representation or financial statement made or furnished to Secured Party by or <br />on behalf of Debtor is discovered to have been false in any material respect when made or furnished; (3) any event which results <br />in the acceleration of the maturity of the indebtedness of Debtor to others under the indenture, agreement or undertaking; (4) loss, <br />theft, damage, destruction sale or encumbrance to or any of the Collateral, or the making of any levy, seizure or attachment <br />thereof or thereon; (5) death, dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any <br />part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding under any bankruptcy <br />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 <br />Obligations secured hereby immediately due and payable and shall have the remedies of a secured party under the Nebraska <br />Uniform Commercial Code. Secured Party may require Debtor to assemble the Collateral and deliver or make it available to <br />Secured Party at a place to be designed by Secured Party which is reasonably convenient to both parties, Unless the Collateral is <br />perishable or threatens to decline speedily in value or is a type customarily sold on a recognized market, Secured Party will give <br />Debtor reasonable notice of the time and place of any public sale thereof or of the time after which any private sale or any other <br />intended disposition thereof is to be made. The requirements of reasonable notice shall be met if such notice is mailed, postage <br />prepaid, to the address of Debtor shown at the beginning of this agreement at least five days before the time of the sale or <br />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 <br />future occasion. The taking of this security agreement shall not waive or impair any other security said Secured Party may have <br />or hereafter acquire for the payment of the above indebtedness, nor shall the taking of any such additional security waive or <br />impair this security agreement; but said Secured Party may resort to any security, it may have in the order it may deem proper, <br />and notwithstanding any collateral security, Secured Party shall retain its rights of set -off against Debtor. <br />All rights of Secured Party hereunder shall inure to the benefit of its successors and assigns; and all promises and duties <br />of Debtor shall bind his heirs, personal representatives or his or its successors or assigns. If there be more than one Debtor, their <br />liabilities hereunder shall be joint and several. <br />This agreement shall become effective when it is signed by Debtor. <br />ADDENDUM <br />The undersigned, hereinafter "Owner /Debtor ", owns or has an interest in the collateral described on the reverse side of <br />this agreement, but is not a party to the obligation secured by this agreement. By executing this agreement, Owner /Debtor <br />undertakes no obligation for repayment of such obligation except to the extent of providing said collateral as security for <br />performance of the obligation. All provisions of this agreement apply to Owner /Debtor and the term "Debtor" as used in this <br />agreement and any accompanying financing statement refers collectively to the Debtor, Owner /Debtor or both as the context may <br />require. <br />Owner /Debtor <br />doc22.doc 2 Of 2 <br />