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""'-... :?-r ___ DEBTOR WARRANTS AND COVENANTS: 111 Tllat e:Kcept for the security interest granted hereby Debtor is, or to the ext~nt Ihat Collateral IS acqUIred afler the date hereof. wIll bo. the owner of the Collateral free from any adverse lien. security Interest or encumbrance;, and Ihal Debtor will defend the Collaleral against all claims and .demands of all persons at any time claiming the same or any Interest therein 111 That no Financing Statement other than olherFlnancing Statement previouslvgiven to Secured Party covering the Collateral or any proceeds thereof is on file 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 C;esirable to the attachment. perfection or continuation of the security interest granted hereunder. all in form satisfactory to Secured Party, and will pay the cost of filing such Financing Statement, this Security Agreement, any continuation Qrtermination statement and other documents in all public offices wherever filmg is deemed by Secured Party to be necessary or desirable. and if the Collateral is attached to real estate prior to the perfection of the security interest granted hereby or if the Collateral Includes crops or oil. gas or minerals to be extracted or timber to be cut. Debtor will. on demand of Secured Party. furntsh 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 of the Collateral. nortakethesameor attempt to take the same from the t:ounty where kept as stated, without thepriorwrltten 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 to permit or allow any adverse lien, security intereSt or encumbrance whatsoever upon the Collateral, and not to permit the same to be attached 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 and from time to time, forthwith, replace and repair all 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 anytime. wherever located. (7)That Debtorwill at hisor 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 payable to Secured Party as its Interest may appear. and will on demand deliver saId policies of in:iurance or furnish proof of such insurance to Secured Party IS) At Its oplion Secured Party may procure such insurance. discharge taxes, liens or security Interests or other encumbrances at any lime levied or placed on the Collateral and may pay for the repair of any damage or injury 10 or for the preservation and maintenance of the Collateral. Debtor agrees to reimburse Secured Party on demand for any.rayment or expense incurred by Secured Party pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment. with interest a1 the rate of 16% per annum from date of payment until reimbursement, shall be added to the indebtedness owed by Debtor and shall be secured bythlsAgreement.19lThat OebIorwill not use the Collateral in violation of any applicable statute, regulation or ordinance and ;r any of the Collateral is motor vehicles, the same will not be rented. used in rental service nor In any speed or endurance conI est UNTIL DEFAULT Debtor may have possession of the Collateral and use It in any lawful manner not inconsistent with this Agreement and nOI 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: 111 default in 1he payment or performance of any obligation, covenant or liability contained or referred to herein or in any nOt6 evidencing the same; (21 any warranty. representation or financial sIatement mode or furnished 10 Secured Party bV or on behalf of Debtor is discovered to have been false In any malerial respect when made or furnished: (31 any event whIch results or could result In the acceleratIOn of the maturlty 01 Ihe Indebtedness of Debtor to others under any Indenture, agreement or undertaking; (41105s. theft. damage. destruction sale or encumbrance to or of any of the Collateral. or the makmg of any levy. seizure or attachment. thereof or Ihereon: (5) death, dissolutIOn termination 01 eXtstence, Insolvency, business failure, appointment of a receiver of any part of the property of. assignment for the beneht of creditors by. or the commencement of any proceedings under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debtor UPON SUCH DEFAULT and at any time thereafter, or If II deems Itself lOsecure, Secured Party may declare all Obligations secured hereby Immediall3ly due and payable and shall have the remedies of a Secured Party under the Nebraska Untform Commercial Code Secured Party lTIay requIre Debtor to bssemble the Collateral and deliver or make it available to Secured Party at a place to be designated by Securod Party which is reasonably convenient to both pBrtles. Unless th~ Collateral is perishable or threatens to decline speedIly in value or is of a type customarily sold on a recognized market, Secured ParlY Will Sive Debtor reasonable notice of the time and place of any public sale thereof or of the time after which any private sale or any olher intended disposition thereof is to be made The requirementS of reasonable notice shall be met if such notice is maIled. postage prepaid, 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 of any delault shall operate as a waiver of any olher default or of the same default on a future occasion. The taking of this Security Agreement shall not waive or Impair any other security said Secured Porty may have or hereafter acquire for the payment of the above indebtedness, nor shall the taking of any such addltlOnfJl security waIve or impair this Security Agreemen~ but said Secured Party may resort to any security It may have in the order It may deem proper, and notwithstanding any collateral security. Secured Party shall retain its rights of set-off against Debtor All rights of Secured Party hereunder shall inure to the benefit of itS successors and assigns. and all promises and duties of Debtor shall bind his or her heirs, personal representatives or his. her or its successors or assigns, If there be more than one Debtor, their liabilities hereunder shall be joint and several. This Agreemenl shall become effective when il is signed by Debtor. Acarbon, photographiC or other reproduction of the SIgned Security Agreement or Financing Statement may be used as a Financing Statement. AODENOUM The undersigned. hereinafter "Owner fDebter". owns or has ~n interest in the collateral described on the reverse Side of thiS Agreement. but 15 not a party to the obligation secured by thiS Agreement. By executing thiS Agreement. Owner/Debtor ~~~~;i~~~~~ ~~r~~:~~~~~ ~~rt~e::tit~~:~~~~ ~~~~r~~:~9~~~~'f ~~:s~~~::~~~:gah~p~~t ~~ ~~~~~~~:~:~raar;,~ tt~:~~r~~~=Q~~~ in this Agreement and any accompanying Financing Statement refers collectively 10 Debtor, Owner /Oebtor or both as the context may reqUire ADDITIONAL PROVISIONS ODIC . --- Own~i;ID~--