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<br />Additional Provisions $3.... UU0878;
<br />Debtor Wanerits and Covenants: (1) That except for the security interest granted hereby Debtor is, or to the extent That this' agreement
<br />states that the Col lateral is to be acquired after the date hereaf, wi I1 be, the owner of the Collates! free from any adverse I i@n, 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 file in any public
<br />office and that at the request of Secured Party, Debtor will join with Secured Party in executing one or mos-financing statements' pursu-
<br />ant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party ahd will pay the cost of~filing such financing-5tate-
<br />rtrent, 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 Collaterel includes crops or oil, gas or minerals to be extracted or timber to be cut, Debtor will, on demand of Secured
<br />Party, famish 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 Collates! which is prior to the interest of Secured Party. (3) Not to sell,
<br />transfer or dispose of the Collateral, nor take the sane or attempt to take the same from the county where kept as above stated, without
<br />the prior written consent of the Secured Party. (4) To pay all taxes and assessments of every nature which may be levied or assessed
<br />against the Collateral. f6) Not to permit or allow any adverse lien, security interest or encumbrance whatsoever upon the Collateral, and
<br />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,
<br />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,
<br />worn out or damaged without allowing any 1 ien to be created upon the Collateral on account of such replacement or repairs, and that the
<br />Secured Party may examine and inspect the Collateral at any time, wherever lacated. (7) Thai 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 #urnish proof of
<br />such insurance to Secured Party. (8)At its option Secured Party may procure such insurance, discharge taxes, liens of 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 />preservatiori-and riainteilance of the-Collateral. Debtor agrees to reimburse Secured Party on demand-for any payment or expense incurred
<br />by Secural3 ~~tY'-pursuant to the-foregoing authorization. Until such reimbursement, the-amount of any such payment, with interesC at the
<br />rate offfi, dsP'annum from. date of payment until reimbursement, shall be added to the indebtedness owed by. Debtor and shall be~seFured
<br />by this agreement. 19) That.he wilt not use the Collateral in violation of any applicable statute, regulation or ordinance and if any of-the
<br />Collateral js motor vehicles the same will not be rented, used in rental service nor in any speed or endurance contest. (70) Debtor will
<br />pay SecuredParty~~arry and all costs and expenses incurred in recovering possession of the Collateral and incurred in enforcing this
<br />security agreement, and'the same shall be-secured by this security agreement. -
<br />Until Default Debtor may have possession of the Col lateral and use it in any lawful manner not inconsistent with this agreement and not
<br />inconsistent with any policy of insurance thereon, and upon default Secured Party shat! have the immediate right to the possession of
<br />the Collateral.
<br />Debtor Shall 8e in Default wider this agreement upon the happening of any of the following events or conditions: I1) default in the pay-
<br />ment or per(omtance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the sane: 12) any
<br />warranty, representation w statement made or furnished to Secured Party by or on behalf of Debtor proves to have bean false in any ma-
<br />terial respect when made or furnished: (3) any event which results in the acceleration of the maturity of the indebtedness of Debtor to
<br />others under any indenture, agreement or urxtertaking; t4) loss, theft, damage, destruction sale or encumbrance to or of any of the Col-
<br />lateral, or the making of any levy, seizure or attachment thereof or thereon; 15! death, dissolution. termination of existence, insolvency,
<br />business failure, appointment of a receiver of any part of the property of, assignment for the benefit of creditors by, or the commence-
<br />ment of arty proceeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debtor.
<br />Upon Such Default and at any time thereafter, or if it deems itself insecure, Secured Party may declare ail Obligations secured hereby
<br />immediately due and payable and shall have the remedies of a secured party under the Nebraska Uniform Commercial Code. Secured
<br />Party may require Debtor to assemble the Collateral and deliver or make it available to Secured Party ai a place to be designated by
<br />Secured Party which is reasonably convenient to both parties. Unless the Collateral i5 perishable or threatens to decline speedily in
<br />value or is of a type customarily sold on a recognized market, Secured Party will give Uebtor reasonable notice of the time and place of
<br />any public sale thereof or of the time after which any private sale or any other intended disposition thereof is to be made. The require-
<br />ments of reasonable notice shall be met if such notice is mailed, postage prepaid, to the address of Debtor shown at the beginning of
<br />this agreement at least five days before the time of the sale or disposition,
<br />No waiver by Secured Parry of any default shall aperate as a waives of any ether default or of the same default on a furors occasion.
<br />The taking of this security agreement shall not waive or impair any other security said Secured Party may have or hereafter acquire for
<br />the payment of the above indebtedness, nor shall the taking of any such additional security waive or impair this security agreement:
<br />but said Secured Party may resort to any security it may Nava in the arder it may deem proper, and notwithstanding any collateral secu-
<br />rity, Secured Party shall retain its rights of setoff against Debtor.
<br />All rights of Secured Party herauruier shall inure to the benefit of its successors and assigns; and all promises and duties of Debtor
<br />shall bind his heirs, executors or administrators a his a its successors ar assigns, if ttrere be more than one Gebtor, their liabilities
<br />hereunder shall be joint and severel,
<br />This agreement shall become effective when it is signed by Uebtor.
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