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r L 88-10:J7J07 ADDITIONAL PROVISIONS DeBTOR WARRANTS ANQ COVENANTS: (1) That except for the security interest granted hereby Debtor is, or to the extent that Collateral is ar:quired after the date hereof, will be, the owner of the Collateral tree tromany adverse lien, security interest or encumbrance; and that Debtor will defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein. (2) That no Financing Statement other than other Financing Statement previously given to Secured Party. covering the:Collateral or any proceeds thereof is on tHe in any public office and that at the request of Secured Party, Debtor will execute and deliver to Secured ,Party one or more Financing Statements or other documents pursuant to the Nebraska Uniform Commercial Code which are deemed by the Secured Party to be necessary or desirable to the attachment. perfection or continuation of the security interest granted hereunder, all in form satisfactory 10 Secured Party, and will pay the cost of filing such Financing Statement, this Security Agreement, any continuation or termination statement and other documents in all public offices wherever filing is deemed by Secured Partvto be necessary or desirable; and if the Collateral is attached to real estate prior to the perfection of the security interest granted t">..r~by or ifthe Collateral includes crops oroiL gasor minerals to be extracted or timber 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 interest in the Collateral which is prior to the Interest of Secured Party, (3) Not to sell, transfer or dispose ofthe Collateral, nor take the same or attempt to take the same from the county where kept as stated, without the prior written consent of the Secured Party. (4)To pay all taxes and assessments of every nature which may be levied or assessed against the Collateral. (5) Not io permit or allow any adverse lien, security interest or encumbrance whatsoever upon the Collateral. and not to permit the same to be attaGhed or replevined. (6) That the Collateral is in good condition and that Debtor will at his or her own expense, keep the same in good condition ar'd from t1r'rle to time, forthwrth, replace and repair ail such parts of the Collateral as may be broken, worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and that the Secured Party may examine and inspect the Collateral at any time, wherever located, (7) That Debtorwill at his or her own expense keep the collateral insured in a company satisfactory to Secured Party against loss. as appropriate, by theft, collision, fire and extended coverage, with loss payahle to Secured Party as its interest may appear, and will on demand deliver said policies of Insurance or furnish proof of such Insurance to Secured Party (8) At rts option Secured Party may procure such Insurance, discharge taxes, liens or security Interests or other encumbrances at any time leVied or placed on the Collateral and may pay for the repair of any damage or Injury to or for [he preservation and maintenance of the Collateral. Debtor agrees to reimburse Secured Party on demand for any ,payment or expense incurred by Secured Party pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, With Interest at the rate of 16% per annum from date of payment untrl reimbursement, shall be added to the Indebtedness owed by Debtor and shall be secured by this Agreement, (91 That Debtor will not use the Collateral in violation of any applicable statute, regulation or ordinance and if any of the Collateral is motor vehicles, the same will not be renteJ, used in rental service nor in any speed or endurance contest, UNTIL DEFAULT Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this Agreement and not inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of the Collateral. DEBTOR SHALL BE IN DEFAULT under thiS Agreement upon the happening of any of the following events or conditions: (1) default in the payment or performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same; (2) any warranty, representation or financial statement made or furnished to Secured Party by or on behalf of Debtor is discovered to have been false in any material respect when made or furnished. (3) any event which results or could result in the acceleration of the maturity of the indebtedness of Debtor to others under any indenture, agreement or undertaking; (4) loss, theft, damage, destruction sale or encumbrance to or of any of the Collateral, or the makll1g of any levy. seizure or attachment, thereof or thereon; 15, death. diSSolution termination of eXistence, Insolvency, bUSiness failure, al'lpointment of a receiver of any part of the property of, assignment for the bEnefit of creditors by, or the commencement of any proceedings under any bankruptcx or insolvency laws by or against Debtor or any guarantor or surety for Debtor. UPON SUCH DEFAULT and at any time thereafter. or if It deems itself insecure, Secured Party may declare alf Obligations secured hereby immediately due and payable and shall have the remedies of a Secured Party under the Nebraska Uniform Commercial Code Secured Party ma~' requln~ Debtor to assemble!he Collateral and deliver or make It avallable;o Secured Pany at a place to be deSIgnated by Secured Party which IS reasonably convenient to both parties. Unless the CoHaleral is periShable or threatens to declme speedily In value or IS of 8 type cuslOmarilv sold on a recognized market. Secured Party WIll give Debtor reasonable notice of thellme and place .of any publiC sate thi'!reof or of the time after which any private sale or any other intended disposition thereof is to be made, The reqUirements of reasonable notice shall be mel if such notice IS mailed, pos:ilge prepard to the address of Debtor shown at the beginning of this agreement at least five days before the time of the sale or disposition No waiver,by Secured Party afany default shall operate as a waiver of any other default or of the SillTle c!efl1"lt on E1 futc"" occasIOn. The takmg of this Security Agreement shall not waive 01 Impair any other SeCUfll\' said Secured P.ln\ may ha,'t:' " hereafter acquire for the paym~nt of ihe above mdebtedness, nor shall tlte takmg of any suCh additional seCuril\ ',.a".e '." ''''pi' ' thiS Security Agreement. but said Set-ured Part', may resort to any securily It ;nay have In the Older .j ma, Uf-pr. .,roper ~~c notWithstanding any collateral securlly, Secured Party shall retain its fights of set-off agalnsl Oeb!.O. ,e.,1l rights of Secured Party hereunopr shalllnurp 10 the benefit of its successors and assigns; and all pron,rS.eS 3!')d dutie;; ('Ii Debtor shall bind h ,s or her heirs, persona I represeroiat,ves or his, her or rts successors or assigns If; h<:18 be more I har c,ne Deblur lltetr liabilities hereunder shall be IOlllt ,!fe,j ~.;e\.",r.'d ThiS .A.grpenienl s~ 'all becorne effe,,:i 1\ I~ \.Iv; '~;~-~ ,t ,~.:. gned ~,""~' Debtor A carbon phGtogr ?iDr"'l( ("Ir ut'18i r(:JprodUC1 Inn (14 .,. ~ SIS'''h'' Security Agreement or Frnancrng Statement Il?'.,. bp used as a F'nanClng Statenwll' ADDENDUM The underSfgnf"d. hereInafter --OwrJ-r D,...,t~H,r OV'IiIIS :,rf i-1i-;S an Interest tn the collalel :-~, de:~crlt.1F'1i (In 1'1)' ""\t;ll ~~. l;"ldl~ (.,' 1" Agreement, but is not a Pili!\, ;0 the l'b~i[.Fj''l)n secured bv th.s Agreement By e;.r('( ,"i"'L; PI'S L"LJI..~.".",.t O"Vi">O Deb:,,, undenakes no obligation lor repayment "t sue" e'bi<gatlor, but waives all nght Title and "'.teres' If1 "iT'd to ~i:ll(j cC'Lai"'Ii:llto ::-'01..1(11'. security for performance of the obligal"..,n All ,;rOVISlons of thiS Agreement apply TO OWI;pr Dphtor and the terr... De~)lor as "$f',. ,n ths Agreement and any accompany' "y F, nancmg Statement refers collect Ively 10 Debtur Owner Debtur ell bOTh as i hi! c0nte' t may require .._._-~- Dale Owner i Debtor 'r f) ~" !,,\ ~ , , L ..J