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<br />Additional Provisions `-'~` U v Oa`
<br />- Debta~WartaMS and Covenants: (1} That except for the security interest granted hereby Debtor is, or to the extent that this agreement
<br />states that the Collateral is to be acquired after the data hereof, 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 ail persons at any-time claiming
<br />~;- the same or any interest therein. (2)"That no financing statement covering the Collateral or anyproceeds 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 more financing statements pursu-
<br />antto the Nebraska Uniform Commercial Code in form satisfactory to Secured Party, and will pay the cosy 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 />Parry m be necessary or desirable; and if'the Col lateral 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~ortimber to be cut, Debtor will, on demand of Secured
<br />Party, famish Secured Party with a disclaimer or disclaimers or subordination agreement signed by as persons having am interest in-the
<br />real estate, disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Party., (3} Not to sell,
<br />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
<br />the prior written consent of the Secured Party. (4) To pay al I taxes and assessments 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 same to be attached or replavined. (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, forthwith, replace and repair all such parts of the Collateral asmay be-broken,
<br />worn out or damaged without allowing any Tien to be created upon the Collateral on account of such replacement or repairs, ahd that the
<br />Secured Party may examine and inspect the Collateral at any time, wherever located. (7j That he wits 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 appear, and will on demand deliver said policies of. insurance or furnish-proof of
<br />such insurance to:Seared Party. (S) At its option Secured Party may procure such insurance, 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 reimburse Secured Party on demand for any payment dt expi3nse.incurted
<br />by Securedpursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with ihterest at the
<br />rate of ~ num from date of payment until reimbursement, shalt~be-added tothe indebtedness owed by Debtor and shall- be secured
<br />by this agreement: (gj That he will not use the Col lateral in vielation of any applicable statute, regulation or ordinance and if any of the
<br />Col lateral is motor vehicles the soma will not be rented, used in rental service nor in any speed or endurance contest. (10) Debtor will
<br />pay Secured Party any and sli 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 Collateral 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 shall have the immediate right to the possession of
<br />the Collateral.
<br />Debtor Shall Be in Default u~tder this agreement upon the happening of any of the following events or conditions: (1J default in the pay-
<br />ment or performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same: (2) any
<br />warranty, representation or statement made or furnished to Secured Party by or on behalf of Debtor proves to have been 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 undertaking: (4) loss, theft, damage, destn~ction sale or encumbrance to or of any of the Col-
<br />lateral, or the making of any levy, seizure or attachment thereof or thereon: (51 death, dissolution, termination of existence, insolvency.
<br />twsimess failure, appointment of a receiver of amy part of the property of, assignment for the benefit of creditors by, or the commence-
<br />ment of any 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, Seared Party may declare all 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 at a place to be designated by
<br />Secured Party which is reasonably convenient to both parties. Unless the Collateral is perishable or threatens m decline speedily in
<br />value or is of a type customarily sold on a recognized market, Secured Party will give Debtor reasonable notice of the time and place of
<br />any public sale thereof or of the time after which any private sale or amy other intended disposition thereof is to be made. Tha 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 Party of any default shall operate as a waiver of any other default or of the same default on a future occasion.
<br />The taking of this security agreement shell mot 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 scarily waive or impair this security agreement;
<br />but said Secured Party may resort to any seariry it may have in the order 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 hereunder shall inure to the benefit of its successors and assigns: and all promises and duties of Debtor
<br />shall bind his hairs, executors or administrators or his or its successors or assigns. If there be more than one Debtor, their liabilities
<br />hereunder shall be joint and several,
<br />This agreement shall became effective when it is signed by Debtor.
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