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0 i • $5--% `i ADDITIONAL PROVISIONS 00250 DEBTOR WARRANTS AND COVENANTS: (1) That except for the security interest granted hereby Debtor is,'ortio the ex -, tent that Collateral is acquired after the date hereof, will be, the owner of the Collateral free from any 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 covering the Collateral or any proceeds thereof is on file in any public office and that at the request of Secured Party, Debtor will join with Secured Party in executingone or more financing statements pursuant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and will pay the cost of riling such financing statement, this security agreement and any continuation or termination statement, in all public offices wherever filing 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, 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 of the Collateral, nor take the same or attempt to take the same from the county where kept as above stated, without the prior written consent of the Secured Party. (4) To pay a!! taxes and assessments of every mature which may be levied or assessed against Lite Collateral. (5) Not to permit or allow any adverse lien, security interest or en- cumbrance 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 he will at his own expense, keep the same in good condition and from time to time, forthwith, replace and repair all such parts of the Collateral a9 may be broken, worn out or damaged without allowing any lien to be createdupon 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) "rhat he will at his own expense keep the Collateral insured ill 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 insurance or furnish proof of such insurance to Secured Party. (8) At its 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 the 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 fore- going authorization. Until such reimbursement, the of :town of any such payment, with interest at the rate of 1l:'oper annum from date of payment until reimbursement, shall be added to the indebtedness owed by Debtor and shall he secured by this agreement. (9) That he 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 rented, used in rental service nor in any speed or endurance contest. UNTIL DEFAULT Debtor may have po:aessiott of the• Collat'. -I and use it in any lawful manner not inconsistent with this al,:eement and not inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of the Collaeral. DEBTOR SHAI..I. BE' IN DE:FAU1.P wAvr tth• ag„•enurnt upon the happenn,g of ,anv of li„• fussing cerr.t. ur conditions: ill default in the, payment or performance „i :my obli;.Lat!on, covenant ,r liAbilty confined nr n=ie.sed to herein ur In any note evidencing the sarne, t_) any warranty. r,•p,,, -ntatum n m !ir :.mcial st.iIvmenl made or funn:,hed to Secured Party by or on behalf of Debtor is discovered to have been ialse m .:rip t •.chin n. ;,de or f wu,shed. i.; 1 say .-vent which results in the acceler- ation of the maturity of the indebtedness of debtor to other, under any indenture. agreement or undertaking, 1.1) loss, theft, damage, destruction sale or encumbrance t,., ,: , o nv .,f 0- t' „I Liter,.!, or the :nakmg „r an} hwv, , u..ury or attachment thereof or thereon: I:.. least it. d—oltlt,on. terrn;mili„[, ,.f eY;'•t,'n:',, .,.,,. �: „'v. I,a ion-, :V,-r of any part of the pznperty of. au ignment fur cite ben.•flt of cr • hl.r b\, ...r !nr 1:n” under .ant• bankriiptcp or insolvency iaws by or again.,t Debtor or any gunranfor or urely !or U,,hlo. UPON SUCH DEFAULT anci it any -,we there.,:,. r ., ,,,,m 0—if ui,o : . ,. ured P' sty essay declare• all Obligations •. •'c cared h,•teby tmmeeliately due and payal,l,•.:ua ,h.,1! i;ac. limo "rued .... of a seer tired par!c \ idrr flee Nebra ka Uniform Commercial e -„de. Secured Party may require 1310btor to .,.. .. nibIv f1w t' r,., ., ,. ;h•Ir -, or ni;.ke i, ,,,aJ.,.n, , , J..c tired Party .o. , place to be , -, _, ignated't :y Secured ['arty which c, reasor :ab(c rur,crrue n; !o b-h pan tv. i'nlers lit• 4'„il.i,'r iii pen,hahl,• or Ihreat,•rls to decline ;u -eddy in vaiur or is of a type cc;. unnu„y •ol : or, n, „ ,n•d rr sire! e r i 1'r-:v ,,!! go,- Drbtdq rvasonal le notice of the '.rne sad place of any public. sale Iliv t r -. Ill., k"". sru I: utY p.iv.,t ,air or anv other � t,e made. The - equirementsof reasonable ne I; shat! ln� ill, t it ,,milt rotwv n mauled, pusf,ge prepaid. to thcvaitdresst`10 .it the beginning of this agreement at !exist five days helurr the tune of 11—sale or dspo„t,un No waiver by Secured Party of arty dcl lath ,hall ,yter.a!e• :n a " :over of any nlher default or of the saute default on a future occasion. The taking if this security agn•,vn.•nt 'hall ;ant wane or ,wp..'r ativ other security said Secured Party may have or here- ,itter acquire for the payment of the above n:dehlednee,, our +hall !h,• ta'nnig of sty ,urh addtinnal security waive or impair this security agreement; but said Secured Party may resort !o any security it may have in the order it may deem proper, and notwith- standing any collateral security. Secured Vorty +hall retain ,t, rights of set -otf against Debtor. All rights of Secured Party hereunder -hail inure to the benefit of its successors and assigns; and all promises, and duties of Debtor shall hind his heirs, personal representatives or his or its successors or assigns. If there be more than one Debtor. their liabilities hereunder Nhall he joint and wi. vral. This agreement shalt ltecomv effective "hen it is signed by Debtor. ADDENDUM The undersigned. hereinafter `Owner Debtor ", owns or has an interest in the collateral described on the reverse side of this agreement, but is mtt it party to the ohisgation secured by this agreement. fly executing this agreement, Owner /Debtor . ondertakey no obligation for repayment of •.urh obligation except to the extent of providing said collateral as security for lie- rformanee of the obligation. All provusionw of this axrer..ment apply to Owner; Debtor and the term "Debtor" as used in `3 Ihis agreement and any accompanying financing statement refers collectively to the Debtor, Owner /Debtor or botli'as the'" context may require. _Iy, OwneriDebtoe