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<br />AOlWl'lONAL l'HOVISION8 88- 101815
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<br />DEBTOR WAHRANTS ANn COVENANTS: (1) That except for the securilY intercstlfranted hereby Debtor is, or to the ex.
<br />tent thaI Collateral is acquired "ner the date hereof, will be, the uwnl:'r of lhe Collateral free frum any adverse lien, security interest ur
<br />encumbrance; and that DelJtur will ddend the Collateral allainst all claims and demands of all persons at any Lime claiming the same
<br />or any interest therein. (2) That no financing statemenl covering the Collateral or any procceds thereof is on file in any public
<br />office and that at the request of Secured Party, Debtor will join with Secured Parly in execntingone or Inore financing statements
<br />pursuant to the Nebraska Uniform Commercial Code in form satisfactury 10 Secured Party allll will pay the cost of filing such
<br />financing statement, this security al,'l"et;menl and any continuation or termination slatement, in all public offices wherever filing is
<br />deemed by Secured Party 10 be necessary or desirable; and if the Cullaleralls attached 10 real eslate prior to Ihe perfectioll of Ihe
<br />securily inlerest granted hl'reby'or if the Collateral includes crops or oil, gas or minerals to be extracted or limber 10 be cuI, Debtor
<br />will, on demand of Secured Parly, furnish Secured Party with a disclaimer or disclaimcrs or subordination agreement signed by all'
<br />persons having an interesl in the real es~ate, disclaiming or subordinating any inlt'rest in Ihe Collaleral which is prior to the interest
<br />of Secured Party. (3) Not to sell, Iran~fer or dispose of the Collaleral, nor take Ihe same or attempt 10 take the same from the counly
<br />where kept as auove stated, without Ihe prior written consenl of thl' Secured Parly. (<1) To pay alllaxes and assessments of every
<br />nature which may be levied or assessed :lgainst the Collateral. (5) Nul \U permit or allow any adverse lien, security interest or en.
<br />cumbrance whatsoever upun the Collaleral, and not to permit the same 10 be allached or reple\'ined. (6) That the CollalEral is in
<br />good condition, and that he will at his own expense, keep the sanlL' in l!uud <"undition .lIHI from lime to lime, forthwith, replace and
<br />repair all such parts of the Collateral as may be broken, worn out or L!amalll'd without allowing any lien to be created upon Ihe
<br />Collateral on account of such replacemenl or repairs, and that the Secured P,uty Illay examine and inspect the Collateral at any Hnle,
<br />where\'er locoted_ (7) ThaI he will at his own expense keep the Collateral insured in a company salisfilctory to Secured Party all1.linst
<br />loss, as appropriate, by theft, collision, fire and extended coveragl'. with loss payable tu Secured Parly as ils inlerest may appear,
<br />and will on demand deliv"r s;lid pnlicies of insurance or furnish prouf llf such illsumnce to Secured Parly: (8) At its option Secured
<br />Party may procure such insurancl', discharge laxes, liens ur security intl'H'sts~ lIr otlll'r encumhrances at any time levied or placed on
<br />the Collateral and may pay fur the repair of any'damage ur injury to or for the pn'sl'rv"tion and mainlenance of the Collateral,
<br />Debtor agrees 10 Tl'imburs(' S....lIred Party 011 demand for any payrn..nl Of ,'xpl'nsl' inl'urn'd by Sl'cured Parly pursuant to Ihe fore-
<br />going authuri:tatiun. lIntil "u"h rcimbmsement, the amllunl uf imy such paynll'nl, with inlerest :It the rail' of lI%per annulll frolll
<br />date of payment untit reimhuhemenl. shall be addl'd to the illll..htl'(hll'sS oWl'd by n"'ltor iUld shall be secured by this agre(,1l1enl.
<br />(9) That he will nut use tilt; Cullateral in violiltion of any applimbll' stalule, regul:lllon or ordinance and if any of the Collaleral
<br />is molor vehicles Ihe same will nut be rented, used in n'ntal S\'nice nor in any spl'I'd ur \'ndurance (:llntest.
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<br />UNTIL DEFAULT Oeutor may have possessi.m (If thl' Cullateral illld liS., il in any lawful manner not inconsistent with Ihis
<br />agreement and not inconsistent with any policy of insurance lhl'reon, ;Illd upon ,I<'f;l\llt Sl'I'UH'd Piltty shall have the immedi:1le
<br />right to the possession of Ihe Collateral.
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<br />DEBTOH SHALl. DE IN DEFAULT under this agrel'llll'nt upon Ihe haJlp"l11nll of any of the following events or conditions:
<br />(1) default in the paynH'nt ur pE'rformallce of .my ublillalion, CO\'enant or Iiill"lity cOl1tilin('d or referred 10 herl'in or in ,my note
<br />evidendng till' same; (2) allY warranty, representilli\)lI or finand:.1 stiltenlL'lIt ma.!.' or fllmbhed to Secured Parly by lIr on h~'half of
<br />Debtor is discoy('red to ha\'e heen false in any lll'lterial n'spCl"t wl1('1l made IIr furni~l:1ed; (:1) ;ll1Y ('veol which results in the accl'l.'r.
<br />ation of Ihe malurity of the indeblNlness of Debtor lu (.tlINS under ,lilY mdl'ntuTl', ili:reement or undertaking; (.1) loss, Iheft,
<br />damage, destrucliun sale or encumhranCl' to IIr of any <If till' C"lIaler~,I. IIr tl1l' makinll"f any levy, seizure or allachnwnl IheTl'of 1)1"
<br />thereon; (5) de..th, dis,,"ulutiuo, t('rmma!ioll IIf eXisll'nl"', insoh'I'IH'Y, husill('S~ failuTl', ilPl'olnlmE'ntof il reCl'h'l'r of any part of tilt!
<br />propert)' of, assignnu'nl fur Ihe benelit of creditors h)', or the CUllll1lenc('mellt of ;my prol'eedilli: under any bankruptcy or insolvency
<br />laws by or agaiust Debtor or any Illlarantor or surety for l>l'IltOr.
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<br />:.j.,:
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<br />UPON SUCH DEFAULT and at ~my liml' thereafll'r, or if it dl'l'l1lS its"'f inSl'l'ur.., S,'cuu'd Party may declilre all Ohligaliuns
<br />secnred hereby immediatl'ly .hw and payahle allll "h~.1I hil\'l' the renwdit,s ..f i1 "ec1lrI'd 1':lrt)' UlHler tlw Nl'uraska Uniform Comllwrc\;,1
<br />CudI'. Secure:! Party may rl!l!uire [)(.htor I.. assemhl" Ihe Cullateral and d..lh.l'r or m:,ke it a\'ail;lhle to Secured Pmly ill :1 place 10 he
<br />designated by Secured Parly whkh is reasunilbly convenient to lmth pilrtil's, llnh's~ thl' Collaleral is perishabl(' or Ihreillells to declil1l'
<br />speedily in value or is of a type customarily sold un a n'cognizt'd markl'l, Sl'cnn'd llo,rlY willlli\'e Debtor reasullabll' nolice of Ihe
<br />lime and place of any pllhlil' sate th"reof or of the tinw afll'r which ,my priva'" s;.le IIf any lither intendell disposition thereof is 10
<br />IJe mad!!. The relJllin'm"nls..f n'asllIl:lhll! notice shall hI' Illl't if ~""'l ....tin' is mailo'oI, Pllstall" prepaid, 10 Illl' illhlrl'sS of ]),'btor shown
<br />at the beginning uf Ihis agr"l'lnent at least five days befure lhe lime of thl' salf' lIr disposition.
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<br />No .....aiver b).' Secured Party of an)' default shall opl'rall! :lS a Wiliv\'T lIf illlY ollll'r defilllll or of Ihe Silme default on a flltme
<br />occasion. The taking of this security agreement shall nut waive IIr impair any otlll'r sl'curity s"id S,~cur('d Parly m:\y have or here.
<br />after acquire for the paynll'nt of the ahm'e indebtednl'SS, nor "h..1I IIll' I..I-ing uf ;my stich illhlilinn:11 security \\'ltivl' or impair Ihis
<br />st!'curity agreemt!'nt; but said Secured Party may resorl tll any st'curily il ilia}' ha\'.' in lhe IIrder it may "!'elll proper, alld lIotwith.
<br />slandinll any collateral securilY, Secured Party shall retain its rijlhts of set.off against Debtur.
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<br />All right.. of Secured Party hereunder shall inure to the benefit of its successors and assigns: and, all promises Bnd
<br />duties of Debtor sball bind his heirs, personal representatives or bis or its stlccessors or assigns. If tbere ';c?more than one
<br />Debtor. their liabilities hereunder sball be joint and several.
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<br />This agTeement shall become effeclive when it is signed by Debtor.
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<br />ADDENDUM
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<br />The undl!rsigncd, bereinafter "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, OwnerlDeblor
<br />undertakes no obligation for repayment of such obligation except to Ihe extent of providing said collaleral ilS securily for
<br />performance of the obligation. All provisions of this agreement apply to Owner/Debtor and the term "Debtor" as used in
<br />this agreement and any accompanying financing statement refers collectively to the Dehtor, Owner/Debtor or hoth it5 the
<br />eontext may requil.c.
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<br />Owner/Dehtol'
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