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I Additional Provisions 83- () a 1072 Debtor Warrants and Covenants; {1} That except for the security interest granted hereby Debtor is. or to the extent that this agreement states that the Collateral is to be iiCQUired after the date hereof. will be. the owner of theCoflateral free from any adverse fien. security interest or encumbrance; and that Debtor will defend the Colfateral against all claims and demands of all persons at any '!ime claiming the same Of 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 executing one or more financing statements pUrsu.. ant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and will pay the cost of filing such financing state- ment~ this security agreement and any continuation or termination statement. in all public offices wherever fi ling is deemed by Secured Party to be necessary OT desirable; and if the Collateral is attached to real estate prior to the perfection of the security interest gr:an~ed hereby or if the Collateral inch..'\1es crops or od. 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 Bny interest in the Collateral which is prior to the interest of Secured Party. 13) Not to sell~ transfer or dispose of the Collateral, nor take the same or anempt to take the sane from the county where kept as above stated~ without the prior written consent of the Secured Party. i4l To pay all taxes and assessments of every nature which may be levied or assessed against the Collateral. (5) Not to parmi". or atlow any adverse lien. security interest or encumbrance whatsoever upon the Collateral, and not to permit the same 10 be attached or replevined. {51 That the Collateral is in good condition. and that he wilt 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 as may be broken~ worn out or damaged without allowing any lien to be created lIpon 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) That he will at his own expense keep the Col- lateral insured in a company satisfactory to Secured Party against loss. as appropriate. by theft. coli ision~ 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. IS} At its option Secured Party may procure such insurance. discharge taxes, i iens or security interests or other encumbrances at any time fevied 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 $ecuredParty on demand for any payment or expense incurred by Secu~ktY pursUant to the foregoing authorization. Until such reimbursement. the amount of any such payment. with interest at'the rate ofj!lIq~~'Vannurn from date of payment until reimbursement. shall be added to the indebtedness owed by Debtor and shall be secured by this agreement. (9) That he will not use the CoUateral 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 endura."lce contest. (10) Debtor will pay Secured Party any and all costs and expenses incurred in recovering possession of the Collateral and incurred in enforcing this security agreement~ and the same- shaH be secured by this security agreement. UntH Defautt Debtor may hSVft,P05SBSSI011 of the Collate-ral and use It in any jawful manner not inconsistent with this agreement and not inconsistent with any policy of insurance thereon. and upon default Secured Party shall have the immediate right to the possession of the CoHsteral. Debtor Shall Be in Default tl-nder thiS agreement Ui-\()fl the happeo!f\g of any of the fol towing events or conditions: (11 default in the pay~ ment or performance of any obligation. covenant or 11Hbliity con tamed or referrt..-d to herem or If) any note evidenCing the same: (2) any warranty, representation Of statement made or t\lrrllshed to Secllred Party by or on behalf of Debtor p;oves to have bee.. false in any ma~ terisl respect when made Of' furnished: ,3} any event which rPsults :t1 the acceleratlOtl pf the matllflty of the indebtedness of Debtor to others undet" any indenture. i:tgn!ement or undertakino: (~l ~OS$. the-t!. damagtJ. r!estnlctlon sale or encumbrance to or of any of the Col~ Isteral. or the mak.ing of any levy, seizure or attachment thereof Dr thereon; \~) death. t!tssolullon. terminatIon of eX:lstence. insolvency, business failure, appointment of a receIver of dny pan of the pro-perty oi, 3ssignrNmt tor the benefit of creditors by. or the commence- ment of any proceeding undm any bank.fu~)tcy Of ilI$olvencv laws by !)f .'lqamsl Debtor !\f any guarantor or surety for Debtor. Upon Such Oe'....lt and at any lime thereafter. Of if i;: cleems j !5e! t inseCt/re. SeGur€'<.1 PdrfY ma,,.- deel are al j ObI igations secured hereby immediately due and payable and shall have the (eme<_hes ...11 8 secured party under t!1e Nebf"aska Umfoml COfnmercial Code. Secured {'arty may require Debtor to assemble the Co!ldteral and r1e-llver or make It .wadable to Securt.'>d Party at a ~)Iace to be designated by Secured Pany which is reasonably cOflvanient to both partIes. Unless the ColL:ne-ra! ib pdflshable or threatens to decline speedily in value or is of a type customanly sold on a recogrllzed market. Secured. P:!(t't' .....di {PVE:1 Debtor reasonable notice of the time and place of any public sale thereof Of of the time after which any I~;vdte -saie Of i;lfW oth~r ,ntended disposition thereof is to be made. The require- ments of reasonable notice Shall be met If such notH.."l:!' IS rna-iI~1. postage pfepald. w the address of Debtor shown at the begrnnlng of this agreement at least five days before the tlffle of the sale Of thSOO$itlon. No waiver by Secured Party of any default shall o.perate as a waiver \,11 -il!,~ omer default or t-1f the s~e default on a future occasion. The taking of this secunty agreement shalf not W3tv8 m ImpaM any other SecurIty siud $ecurtKt Party may have or nereafteracqUlre for the payment of the above indebtedness.. nor ShaH the taking Of any such additional set,-'wity waive Of' impair This security agreen-ent; but said Secured Party may resort to any security it may have 111 the order \! may ..ieem proper. and notwithstanding any collateral secu-- city. Secured Party shaH retain ItS I 19ht5 of setoff against De-blOC'. All rights of Secured Party httreUnder shall mure to th~ t",",wtlt I..~t ;ts ~uc(::essors and assigns: and all promisel:> and duties of Debtor shall bind his !leirs. 8,.l(ecutOrS Qr GdmlOistrators Of hl~ Qt its succesSOl"S or assIgns. If there be more than {)n6 Debtor, then liabilities hereundef shaH be jOint and several. This agreement shail bea:me effective when It IS sIgned by D-eotor. u L -1 I '--