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85=- 001573
<br />Additiortet f'rovisittns
<br />DOtor Warrants and Covenants: (1) That except for the security interest granted hereby Debtor is, or to the extent that this agreement
<br />states that the Cot lateral is to be acquired after the date bereof, will be, the owner of the Collateral free from any adverse lien, security
<br />interest or encumbrance; and that Debtor will defend the Collateral against all claims and demands of all persons at any time claiming
<br />the same or any interest therein, (2) That no financing statement covering the Collateral or any proceeds thereof is on fife in any public
<br />office and that at tine request of Secured'Party, Debtor will ioin with Secured Party in executing one or more financing statements pursu-
<br />ant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and will pay the cost of filing such financing state-
<br />ment, this security agreement and any continuation or termination statement, in all 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 />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
<br />Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons having an interest in the
<br />real estate, disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Par
<br />transfer or above to Not without
<br />sell,
<br />pose of the Collateral, nor take the s<'une or attempt to take the same from the county where kept as above stated, without
<br />the prior written consent of the Secured Parry. (4) To pay all taxes and assussments of every nature which may be levied or assessed
<br />against the Collateral. (5) Not to permit or allow any adverse lien, security interest or encumbrance whatsoever upon the Collateral, and
<br />not to permit the sane to be attached or replavine d. (6) That the Col lateral is in good condition, and that he will at his own expense,
<br />keep the same in good condition and from time to time, fnrthwith, replace and repair all such parts of the Collateral as may be broken,
<br />worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, and that the
<br />Secured Pa.;y may exa ine and in.pect the Collateral at any time. wherever located. (7) That he will at his own expense keep the Col-
<br />lateral insured in a company satisfactory to Secured Party against loss, as appropriate, by theft, collision, fire and extended coverage,
<br />with loss payable to Secured Party as its interest may appear, and will on demand deliver said policies of insurance or furnish proof of
<br />such insurance to Secured Party, (a) At its option Secured Parry may procure such inscuance, discharge taxes, liens or security interests
<br />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 the
<br />preservation and maintenance of the Collateral. Debtor agrees to reinmburse Secured Party on demand for any payment or expense incurred
<br />by Secured Party pursuant to the foregoing authorization. Until such reimbursernent, the amount of any such payment, with interest at the
<br />rate of 18 % per annum from date of payment until reimbursement, shall be added to the indebtedness owed by Debtorand shall
<br />be secured by this agreement. l9) That he will not use the Collateral in violation 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 />Debtor will pay Secured Party any and all costs and expenses incurred in regovering possession of the Collateral and incurred in enforcing
<br />this security agreement, and the same shall be secured by this security agreement.
<br />Until Default Debtor ., ham t rssetiti rcmn of the t:.11atl, d and use tin any lawful manner not inconsistent with this agreement and not
<br />inconsistent with -..v i �I,y I .sunfnce therein and .ipdn default secured Party shall have the mvnecfiatie ri ht to the
<br />the Collateral. g possession of
<br />Debtor Shall Be in Default under iii., t.iyred�nenr spun the happening of any of the folfowing events or conditions: 11) default m the pay-
<br />ment or performance or any uui ittanun, ,.evenont or liability contaiiiLd or referred to herein or in any note evidencing the sane: 121 any
<br />warranty, representation or state+ent eFrJ1- ur lurnishud to Secured Parry by or on behalf of Debtor proves to have heren false in any ma-
<br />terial respect when made or furnished; any event which results n, the acceleration of the maturity of the indebtedness of Debtor to
<br />others under ally roenhire, agreeenenl nurerteking; (41 loss, theft, damage, destruction sale or encumbrance to or of any of the Col-
<br />lateral, or the making of any levy, se curd or attachment thereof or thoreun; (5) death, dissolution, termination of existence, insolvency,
<br />business f3 lure, apxnnarent of a receiver of any part of the property of, assignnment for the benefit of creditors by, or the cornnnence-
<br />rani ct mry i,— eeding under any f:ankruptry •:;r insolvency laws by or against Debtor do lr,v guarantor or surety fur Debtor.
<br />Upon Such Default and at any time mxireaf ter, or it it deems itself nsecure„ Secured Party play declare all iibhgations sd:cured hereby
<br />immnmexfiateiy due and peryable and shail hove the remedies of a secured party under the Nebraska Uniform Comnlerci al Code. Secured
<br />Party ntay require Debtor to arse lob, the Collateral and deliver or make it available to Securwl Party at a place to be desigriaterl by
<br />Secured Party winch s ;reasonably convenient to both parties. Unless the Collateral is perishable or threatens to decline speedily in
<br />vd!ue or cf r, ryi uslon bar iy sold on a recngn zed market, Secured Party will give Debtor reasonable notice of the Time and place of
<br />rnv pub i s le. therecr or of the tale after which any pir v,,te sale or any other intended disposition thereof is (> oa made, Thu rcgwle-
<br />ients of ref mat I hLi -u snall be met 11 such notice rs mailed, postage prepaid, to the address of Gebtor shown at It:,, beg") )51 of
<br />this agreement at least five days before ,he time of the sale or disposhion.
<br />No waiver by Sac:ureri Party of any default ;hall operate as a waiver of any other default or of the same default on a future occ asion.
<br />The taking of this security, agreement shall not waive or impair any other sucurity said SecilrLd Party may have or hereafteracquire for
<br />nee payment of the axrve indebtedness, nor shall rho takiny of any such additional security waive or impair this security agreenent;
<br />bud said Grrcai ncJ n'a'ry may resort to any securry it may have in the order it may deem proper, and notwithstanding any collateral secu-
<br />rity, Serurrxl Parry shall retain its ritlhtsof setoff against Debtor.
<br />All ngitts cf Scs;ured Party hereurxler shall inure In [lie be,jefit of its successors and assigns; card all prwnises ,mild duties of Debtor
<br />sL•ali bind his heir!,, r ;xurulors of atMiuusb ators or Iris or its suuce�ssors or assigns. If there be more than one Debtor, their Irabilihes
<br />nefeWiller shall be .dint and several.
<br />This aillee,,nent shall berorne effective when rt is signed by Debtor.
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