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��w 9. Borrower will pay said &cured Pai tv anv and off casts and ext »ens, s .rural in na�o ing f,osseseion of the t'..�tlnlere'. and incurred in entorv, nit this secant,
<br />�seyep� agreement. and the same shall be secured by this security agreement..
<br />�W 19. That Borrower will not use the Collateral in violation of :my applicable stato.tes. regulations. or ordinances.
<br />V' .UNTIL DEFAULT Borrower may have possession of the Cnliatcval and use it in any lawful manner not immnsivlenl with this agreement and net imemostcm with any
<br />policy of insurance thereon, and upon default Secured Party shall have the immetliaw right to the possession of the Collateral.
<br />BORROWER SHALL. BE IN DE FAULT under this agreement upon the happening of any of the following events or conditions,
<br />fan default in the payment or performance of any obligation, covenant, or liability contained or referred to herein or in any note evidencing the same;
<br />fbl any warranty, representation, or statement made or furnished to Secured Party by or on behalf of Borrower proves to have been falee in any material respect
<br />when made or furnished:
<br />ki any event which results in the acceleration of the maturity of the inkbtednesn of Borrower to others under any indenture, agreement, or undertaking:
<br />IM less, theft• damage, detatraction, sale leacept is authorized fn paragraph 9 hereof), encumbrance to or of any of the Collateral, or the making of any levy.
<br />eedxure. or attachment thereof or thereon:
<br />fat death• dissolution• termination of exist"". insolvency, badness failure, appointment of a receiver of any part of the property of, assignment for tla benefit
<br />of creditors by, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower or any guarantor or surety for ell
<br />rower.
<br />I InteUPON SUCH [FAULT and at any time thereafter nr if it deems itaehf insecure, Secured Party may declare all Obligations secured hereby itamadiately due and
<br />payable and M" Mee the rarnadim of a secured pony under the Nebraska Uniform Commercial Cade. Secured Party may require Borrower to assemble the Collateral
<br />and deliver or make it available to Secure! Party at a place to be designated by Secured Party which is reasomabiy convenient to both parties, Unless the Collattrat is
<br />nt petiaMble a threatens w tleciita speedily in value or is of a type customarily sold on a recogni A market, Secured Party will give Borrower reasonable notice of the
<br />this and i� of any public ask thereof or of the time Silas which any private sale or any other intended disposition thereof is to be trade. The requfren ants of
<br />naae of th soak ah in oa met it such nwntir 1 is nailed, postage prepaid, to the address of Borrower shown at the beginning of this agreement aCfeast. fivedfoys before the
<br />fiats of tics sale or dispoaitiert.
<br />No wn' by Secured party of any default shall operate as a waiver of any other default or of the same default on s future occasion. The taking or this security slicer
<br />clash not waive of impair anv other security said St ocl Party may have or hereafter acquire for the payment of the above indebtedness, ttor shall the taking of
<br />any such additional security waive or impair this security agreement: but said Secured Party may resort to any security it may have in the order it may deem proper,
<br />and notwithstanding any collateral security, lmtred Party shall retain its right of settiff against Borrower.
<br />All rights of Socurtd Party shall more to the benefit of its successors and ..,signs; and all promises and duties of Borrower shall bind his heirs, executors or ad•
<br />mfnfstratore, or his or its swcesatrs or aaaWns. If there be more than one Borrower, their liabilities hereunder shall be joint and several.
<br />The Borms"aris) charge his or her person and separate estate now owned or hereafter acquired with the payment hereby.
<br />Extension of the time of payment of all l'r part of the amount owing hereon or any variation, modification. or waiver of any term or condition hereof at Any timeor timer
<br />shall not affect the lability of env party hereto or rmmaker. endorwr, guarantor, or security hereof. it biting the intent of all parties to this Note that they shall continw,
<br />jointly and severally. Atsaiutely liable for the payment of the aforesaid indrhtodrus. until the same is actually paid in full. Comakers, endorsors, guarantors, sureties.
<br />and sal parties hereto severally waive notice of acceptance, presentment for payment, demand, protest, and notice of demand. nmpaymett. and protest of this Note.
<br />Secured Party shall have at its option full rights of rwtoff at anv time it +hail feel unsecured or upon any default hereunder or upon the occurs —of any exherevent giv.
<br />ing authority for such setoff through the operation of the law,
<br />STATE. OF NEBRASKA
<br />._.. __.. COUNTY
<br />On that _.. ____...__. dayof
<br />and ark.o.l dgod the rxecutimi of the net, and security agreeememt
<br />on the reverse side hertwf to he _ _ colum.,v art and down.
<br />NY Coamefeaimn expires:_.___....._.. ;...._.__..
<br />VNUt1RSEMENT
<br />For Value Recriyed the undersigned gua,mar s payment to the order of Norwest flank Grand Island. National As uitum, of the torte and security agreement ex.
<br />touted on the reverse side hereof. demand, (resentment for payment, protest. nnli(eof protest. and nonpayment w shed; renewal or eatensam authorized without notice.
<br />MAMMA I ION S7'A'I}:MENT
<br />This Statement of Termination of financing is presented to a fn)og officer for fling. pursuant to the V,ulorm Commercial Cede of Nebraska. The Secured Party or
<br />:% -.grue of Record certifies that the Se cured Party or Assignaa tw longer claims u wearily me,-, ,t under the Fmanc:ng Statement fearing the file number shown on
<br />the fact, hereof and requests the filing officer to terminate wsm, of re, 1
<br />9
<br />1)a:.d
<br />ISt+ nature of Secured Party m Assignee of Record)
<br />-NOT VALID UNTIE. SIGNED)
<br />�@ 1Pj1
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