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zv6iiiiiet. 1031059
<br />Addifilotaall Pharisitam
<br />Dehtetr Wwraats and Cavenrrow it) That except far the security ioseraw granted hereby Debtor is. or, to the extent that this agreement
<br />statils that Vie Colfateral is to be acquired after the daft hereof,wdl be. the fawner of the%ollateral free from any adverse Sian, security
<br />in-=M .. rtcC— and that Debtor will defend the Collateral against all claims and demands of all persons- at any time claiming
<br />VW spry}... ttnxetn. i2) ih rtno financing statement covering t1w Collateral or any proceeds thereof is onfi{e.in.anry...Public
<br />office and IhM at the raquest of Secured Party. Debear will loin with Secured Party in executing one or more financing statements pursrr
<br />ant te the 1lterraska uniform Conintercial Lode in fore satisfactory to Secured Peaty and will pay the .cost of filing such financing state -
<br />mant. this security agrearrient and any continuation at termination statement, in At public offices wherever filing is deemed by Secured
<br />Party to be necessary or desirable, and if the Collateral is attached to real estate prior to the perfection of the security interest granted
<br />hertaby, or it the Collateral includes craps or oil, gas or mineral, to be extracted or timber to txr cut, Debtor will, on demand of Secured
<br />Party, famish Secured Party with a disclaimer or disclaimers or sutuirdinati : igteernent signed by ail persons having an interest in the
<br />real estate, disclaiming or subordinating any interest in the Collateral whist, is prior to the interest of Secured Party. 1;3) Not to sell,
<br />transfer or dispose of the Collateral, not take the same. w attemrni to let,(- the same from the county where kept as above stated, without
<br />the prior written consent of the Secured Party. (4t To pay all taxes and as.4essriter ;s of every nature which may he levied or assessed
<br />aminst the Collateral. (5) Not to permit or allow any .adverse lied, security interest ar encumbrance whatsoever upon the Collateral, and
<br />not to permit the same to be attached or replevined. (6j That the Collateral is in good condition, and that he will at his own expense,
<br />keep the same in good condition and ftom time to time, forthwith. replace and repair all such parts of the Collateral as may be broken,
<br />worn out or damaged without ailowing any lien to t* created upon the Collaterai on account of such replacement or repairs, and that the
<br />Secured Party may examine and inspect the Collateral at anv time, wherever located. i7; That he will at his own expense keep the Col-
<br />lateral insured in a company satisfactory to Secured Parry against loss, as appropriate, by theft, collision, fire and extended coverage,
<br />with loss payable to Secured Party as its interest may appeat, and will on demand deliver said policies of insurance or Furnish proof of
<br />such insurance to Secured Party, (6! Mkt its option. Secured Party may procure such insurance, discharge taxes, liens or security interests
<br />or other encumbrances at anv time levied ar placed oa the Collateral and may pav for the repair of any damage or infury to or for the
<br />preservation and maintenance of the Collateral. 'Debtor agreas to reimburse Sec:;redPartyoF; demand for any payment or expense incurred
<br />by Secured Party Pursuant to the foregoh,g authorization. li:iti! such reimbursenfent, the amount of any such payment, with interest at the
<br />rate of 18 % per annum from mate of payment until reimbursement, shalt be added to the indebtedness owed by Debtorand shall
<br />be secured by this agreement. (9) That he will not use me Collateral in vioiation of any applicable statute, regulation or ordinance and if
<br />any of the Collateral is motor vehicles the same will not be rented, used in rental service nor in any speed or endurance contest. (10)
<br />Debtorwill pay Secured Party any and all costs and expenses incurred in recovering possession of theColiateraland incurred in enforcing
<br />this secur�ty agreement, and the same shall be secured ny thu security agreement.
<br />Until Default Debtor m.,,, nave t :ossessior of the :_. 1!laterai ana use it:,,, any !awful manner not utconsSstent with this agreement and not
<br />inconsistent with any pbticy of insurance tnerer - ;, -vid upon default Secured P3Ry shatl have the immediate right m the possessior of
<br />the Collateral.
<br />Debtor Shall Be. in Default ::offer this agreer-,ent up,n•� the happening of arty of the foiiowinc events or conditions: (l! default in. the Pay -
<br />meta or performance o; anv E'.bligatlon, c :ovenant Or iiability contained or referred to herein: Or in any note evidencing the same: 121 any
<br />warranty, re.nresentation or statement trade or furnished to Secured ?arty by or on behalf of Debtor proves to have been false in any ma-
<br />- resf.'L:;t wfier! rnatle or tarnished; i;i1 tiny �..zrrt whlcl, resuits ir: the o.]aeieranon of the maturity of the indebtedness of Debrnr w
<br />uthers under any mderture, agreement or urateraken_.: iu' foss, melt.. damage, sale or encumbrance to or of any of the Ca!-
<br />!ateral, or the making of arty ley,:, seizure or attainment thereof : r thereon; (5} death, dissolution, temunatiar of existence, insolvency,
<br />business frio ure, appointmem of a receiver of anv cart of the Property Of. assignment for the benefit o! creditors by, or me camtmence-
<br />m ent of any _ rocecdmg under anv bankruptcy or "'Solvency taws by or against Debtor nr any guarantor or surety for Debtor.
<br />Upon Such Default and a! any time theieofre.. or if :t deems i.se!: rnsecnre. Sec aired Party may declare all Obligations secured hereby
<br />immediately dirt and payable and shall i -lave the remedies nt ,, secured party under the Nebraska Uniform COMintercial Code. Secured
<br />Party *nay require Debtor tc assemble mle `_. U'lale,w and deliver :nr 7rake 1: avallablf, to lecored Party a, a place to De designated by
<br />Secured Part; which is reasonault c.onvenieat r„ both parties. finless th =_ _tilt erica' is pr ;risheble or threatens to decline speedily in
<br />value or is ai a type customari!v sold or a recogr.! eci rnarke Se,.ured Party will g:ve Debtor reasonable notice of the lime and dace of
<br />any public sale thereof cr of Vie lime after whir -t, anv private sale or any Prier mtentied disposttloT� thereof is to be made. The requirfr
<br />meets of reasonable notice shah be ntel if such entice is mailed, postage Prepaid. to the address of Debtor shown ai the begintune of
<br />this agreement at least five days beicre the fine of the sale or disposition.
<br />No waiver by Secured Party of any default shall r ;tr..rate as a waiver of arty other default or of the same default on a future occasion.
<br />The takinp of this security agreement shall not waive or impair any other security said Secured Party may have or hereafteracqu!re for
<br />the payment of the above nldeutedness, nor shat i the taking of any such additional securily waive o: impair this security agreement;
<br />but said Secured Party may resat to any feeling it ma, have n tie order if may deem proper, and notwithstanding any collateral secu-
<br />rity, Secured Larry, sftatl retain its rights of setoff against Debtor.
<br />All rights of Secured Parr, hereunder slia`i murt in the benefit of its successors and assigns; and all promises; and cloves of Debtor
<br />shall bend his heirs, executors of admr;atratore or ills or its successors or assigns. If mere he more than •nne Debtor, their liabilities
<br />hereunder shall be joint and several..
<br />This agreement snalt become, effective writer, +! is sigtrerl !,v Debtu'.
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