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AI)I)( IIONAL PROVISIONS 88-- 100795 I DEBTt III W"'tHAN'I'S ANU CO\"';NANTS: (I) Thnt e)(cept for thp spcurily IntAre.tllran"'" '..'n'hy Dphtor i., or to till' t'X- tel1tthat Collateral is acquired aCter the date herpof, will b.., the owner of the Collateral free from any ndv"nle li.'n. spcurity intN.'st or .'ncumbronce; nnd that Debtor will defend th.. Collnteral allalnst all claim. and d,'mand. of all persons at any time claiming the same or Rny interest therein. (2) That no finnncinll statement covering the Collateral or any proce..ds thereof is on filt- in any puhlic ornc" and that at the request of Secured Party, Debtor will join with Secured Party in executing one or more linancinll statemE'nts pursuant to the Nebr.....ka Unlfonn Commercial Code in form satl.factory to Secured Party and will pay th.. cost of filing such financing statement, this spcurlty agreement and any continuation or termination statement, in all public offices wherever filing i. deemed by Secured Party to be necessary or desirable; and If the Collateral is attached to real estate prior to the p'i!rfection of the security interest granted hereby or If the Collateral Includes crops or oil, "118 or minerals to be extracted or timher to be cut, Debtor will. on demand of Secured Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons having an interest in the real estate, disclaiming or subordinating any intel'est in the Collateral which is prior to the interest of Secured Party. (3) Not to sell. tranafer or lIi.po.e of the Collateral, nor take the same or attempt to take the snme from the county where kept as abovr .tated, without the prior written ..onspnt of thE' Secured Party. (4) To pay all tay.p. and asspssm..nt.s of pVf'ry natur.. which may hI' Ipv1E'd or BARelAI'd again.t Ih.. CollatNal. (5) Not to permit or allow any adv",se Iipn, srcurity int...,..t or "n. eumhrancp whalJltlt'vrr upon thp Collatpral, IlIltt not to pprmit Ihl' samp to h., allachE'd or r..pll'vi.w.1. (6) ThaI tllP ColI"t.'rnl is in I/ood conditilln, andthnl h., WIll At hi. own ,'xlwnKp, kN'p the sam" in gnod (.tJtlllilion and from tin... to linw, forthwith, "'pin".' nnd i'i'pnir all ~HJ("h pnrtJ\ or Ih., (~()lIntprRI lUO nwy hi' htokf'n. worn oul or dnmnWNi without ullflwin~ any Ii"n lo III' {'rI'nltlll ..pun ttw l'nllntt.rnl on IlI't'OU". or Hllf'h n'pI8cpm,'nt or r('(wirs, lIud 'hul Ih,.. Sr.'ufl'd Party mny rxaminr nnd inNpp{'t lh.. (~olliltflrulllt IIny (illH', whflr~Vf'r locnl..d (7) Thnt Ill' will ot hik own ,'xJwnN." kl'('P lh.. Colln1f1rHI insured in 8 company sutisfucLury 10 SlnC"url"d Party a~ainsl 10... aK appropriatp, hy thpft, cnllision, rirr and ,'xl,'nllp.1 ..ov..ral/", with los>< payabl.. to S....ur..d Party as it.s inlt',,'st may apprar. ftnd will on demand d,.livrr said poli"il's of insurancp or furni.h proof of such in.uran('e 10 Srcured Parly. (II) At ils option Securpd Purfy may prol"un' su('h insurnncp. diM('hltq,~f.' lax:ps, IIpns ur !'Iftcurity inlt"rpsls or flllu'r encunlbrancps at nny limp I('vied or pla(,f'd oil the CollalE'r,,1 :nHI may ,la,' for the "'pair of any dama!!r or injury to or fUl lh.. pres..rvation and maintenanc.. of the Collat",aL Debtor agre... lo rplOlbursp Secured Party on dpOland for any paympnt or I'xppnsp in('urrpd by SpcurE'd Party pursuant to the fore- going aulhoril.aUon Until such rp.imburspmpnt. thl' amount ur any such paympnt. with interest at tlw rale of 11o/...,per annum from lIat.. of payment unlil rpimbursemenl. .hall bp added to lh.. inclpblNln..ss ow('(1 by Debtor and shall be s,'"ured by this agrpplI\rnt. (9) That hp will not usp the Collateral in violation of any applicablp statutI'. rel/ulation or ordinanc.. and if any of thr Collateral is motor vehicles lilt' samp will not be rentt'd, usrd in rpntal sE'rvie,' nor in any sp"pd or pncluran('e COli test. UNTIL DEF AlJL T Debtor may hav.. possession of th.. Collateral anll nse it in any lawful manner not in('onsistent with this agreement and not inconsistent with any policy of insurance thereon, and upon default Se..ured Party shall have the imm..diatr right to the possession of the Collatergl. DEBTOR SHALL BE IN DEFAULT undt'r this agrt'pment upon the happeninl/ of any of the following pvents or conditions: (l \ default in the payment or perrormance of any obligation. covenant or liabilily ('ontained or referred to h...e;n or in any note evid('neing the same; (2) any warranty, representation or financial statemenl madp or furnished to Secur..d Party by or on behalr of /)(,btor is discov",ed to havE' been false io any mat <'rial resppct whl'n madp or furnish..d; (:l) any ..vpnt which rrsults in the acceler- ation of Ihe maturity of thp indebtrdness of n,'htnr tn nth...s und..r any ind..nturp, aRrpempnl or undrrtakin!!: (-1) loss, theft. damage, deslruction ""Ie or pncumbrancp to or of any of th., Cnllat...al, or lhe making of any le,'y. seizure or alta..hmpnt th('rpof or thereon; (5) death, dissolution. termination nf existE'n"r, insolvl'ncy. business failur(', appoinlment nf a receiver of any part of thp properly of, assignment for the benefit of creditors by. or thp commencement of any proce('ding under any bankrupt('y or insolvency laws by or allainst Debtor or any guarantor or surety for DE'btor. UPON StiCH DEFAULT and at any time thprean..r, or if it deE'ms itsplf insecure, Se('ur..d Parly may dpdare all Obligations secured hereby immrdiatE'ly dut' and payablE' IInd shall have tll(> rem..dies of a se..ured party und..r lh.. Nrhraska Uniform Comm..r..ial Code. Secured Party may require Debtor to assemhl.. Ihr Collateral and deliver or makp it availablE' 10 S('..ured Party at a place to be designated by Securt'd Party which is reasonably convenlt'nt to both parties_ Unl..ss thE' Collatpral i. p<'rishahle or lhrealrns 10 dedin.. spE'pdily in value or is or a typp customarily sntd on a reClJgniz..d market, S..curE'd Party will give Dpbtor reasonable noti,'" of the timr and place of any public sale therE'of or of Ihp time aft..r which any privatr sale or any nther inlend..d disposition thereof is to be madE'. The rE'quirements of reasonable notiC'e shall hI' m,'l if su..h nol;c(' is mailpd. poslage prepaid. 10 t hp addr.." of n..btor shown al th.. beglllning of 'his agrt'ernent al least live days hpfnre the time of the sale or disposition. No waiver by Spcured Party of any default shall opl'rate as a waiv,'r of any nther IIrfault or of thp same dpfault on a futur.. occasion. The laking of this spcurity agreeml'nt shall nol waive or impair any othE'r securily said Se..u,,'1I Party may hO"" or herp. after a('quire for the payml'nt of the above indeblE'dnpss, nor shall Ihe laking of any su('h additional s....urity waivp or impair this se"urity agreement; but said Secured Party may resort to any security it may have in lhe order it may dpl'm proppr. and nolwith. standing any collateral security, Secur..d Party shall retain its rights of sel.oH againsl Debtor. All rights of Secured Party hereunder shall inure to the oonefit or its successors duties of Debtor shall bind his heirs. personal reprl'~pnlatives or his or its successors or Debtor, their liabilities hereunder shall 00 joint and several. This agreement shall become effective when it is signed by Debtor. and assigns; and all promises and assigns. If t here her 1ll<tr6 t\ntn one ~ ~ ! 1 ~ ~ ..... . : ADDENDUM The undersigned. hereinafter "Owner/Debtor", owns or has an interest in the collateral desrribed on the reverse side of this agreement. but is not a party to the obligation seeured by this agreement. By executing this agreement. Ownor/Debtor undertakes no ohligation for repayment of such obligation except to the extent of providing said collateral as security for performance of the obligation. All provisions of this agreement apply to Owner/Debtor and the term "Debtor" as used in this agreement and any accompanying financing statement refers ('ollectively to the Debtor, Owner/Debtor or both as the context may require. Owner In"hl or- , C L L ~ ,., L