83001188 - Laserfiche WebLink

Browse

I 83-0011(J,3 Additional Provisions ': Debtar,-Warr8PtS and"Covenants: !H That except for the security interest granted hereby Debtor is. or to the extent that thi5!- agreement states that the Collateral. is to be acqu,ired afterttie date hereof, will be. the owner of the Collateral free from any adverse lien. f?ecUfity interest,_or encumbrance; and that Debtor will defend the Collateral against all ctaims and demands of all persons -at any !ime claiming the sane- or any interest therein. (2) That no financing statement covering the. Collateral or any ~roceed5 thereof ~ onJite jry,"~I).YA;HJbUc office ~,"~~,":tfl~ r~ of Secured Party, Debtor witt join with Secured Party in executing one or m~r~ financing- stat~ts pursu- ant to the/'f4ebmsk-a"Uniform-Commerciai Code in form satisfactory to Sec-~red Party and will pay the cost offili-ng:suchAmancing"stlft&. mEHl~ this sacuri~ ~reement and any continuation or termination statement~ in all public offices wherever filing-is deemed by-~Secured Party to be ~~ 9T desirable; and if the Collateral is attached to reat estate prior to the perfection ,of the-s6CU&::ity _interest :9r{1fited hereby or-if:-thf;t"Collateral-indudes crops or oil. gas or minerals to be extracted ,or timber to be cut. Debtor will. on demand of' Secured PartyJ' furniSh secured Party: with a disclaimer or disclaimers-or subordination agreement signed by ail persons having an interest in the reaf'"8State._disctaiming or',',SUbordinating any interest in the Collateral which is prior to the interest of Secured Party. (3) Not to seil. tr8n$fer or-dispose of the Collateral. nor take the same or attempt to take the- sane from the county where kept as above stated. without the prior written consent of the Secured Party. (4) To pay all taxes- and assessments of every nature which may be levied or assessed against the CoHateral. (5} Not to pannit or allow any adverse lien. security interest or encumbrance 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. k.eep the sane-in good condition and- from time-to time, forthwith. replace and repair all such parts of the Collateral as may be-broken. worn ou~ Qr d~_Without~-~ftowfng any ! ien to be created upon 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. collision. fire and extended coverage. with loss payable to Secured Party as its interest may appear. and wiH 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 encumbtances: at any time levied. Of_ pfaced"oo the Collateral and may pay for the repair of ~my damage -or injury. to 'Or for,~ the preservation CVJd- maintenance of the Collateral. Debtor agrees to reimburse Secured Party on demand for any payment or ex~se.inc~rred by SectI~ pursuant to the ,foregoing authorization. Until such reimbursement. the anount of any such payment. With interest _~t the rate ofU~anOl.rn from date of payment until reimbursement. shall be added to the indebtedness owed by Debtor and shalt be-secured by this 8gteElfTl9l!t. (9}-That he wi1t not use the Collateral in violation of any applicable statutet regulation or ordinance ane11t any of"the Collateral is 'ITDtOr-vehicles -the same win not be rented. used in rental service nor in any speed or endurance conteSt. .( to)- DebtQ_[ 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 shall be secured hy this securtty agreement. Until Default Debtor may have possession of the Collaterai and use It In any lawfuf 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 Collateral. Debtor Shall Be in Default u;lder this agreement upon the happening of any of the following events or conditions: (1) default in the pay" ment or perfOfTllttf'tCti of any obligation. covenant or lIability contained or referred to herein or in any note evidencing the same: (2) any warranty. representation or statement made or fUffHShed to Secured PartY by Of on behalf of Debtor proves to have been false in any ma- terial respect \'iI'tlen made or furniShed; i31 any event which results lfl the acceleration of the maturity of the indebtedness of Debtor to others under any indenture. agreement or undeqakll1g: (4j ioss. theft. d.Jmage. destfllctlon sate or encumbrance to or of any of the Col.. lateral. or the nulking o( any levy. seIzure or attachment thereof or thereon; t5i death. dissolutIon. termination of existence. insolvency. business faHure. appointment of a receiver of any part of the property of. assignment tor the benefit of creditors by. or the commence- ment of any proceeding under any bank.ruptcy or Fnsoivency iaws by or 3qainst Debtor or any guarantor Of surety for Debtor. Upon Such Default and at any time thereafter. or if it df:e,ns Itself insecure. Secureo Party may dedare- all Obligations secured hereby immedi8t8Jy due and payable and shall have the remedies of a secured party under tne Nebraska Uniform Corrrnercial Code. Secured Party may require Debtor- to assemble the Collateral and deliver or make it available to Secured Party at a place to be designated by Secured Psny VoIhICh is reasonably convenient to both partIes. Unless The Co!latet""d! is penshable or threatens to decline speedily in value or is of a type customarily sold 00 a recognized f11ar"'el. Secured Party will Hlve Debtor reasonable notice of the time and place of any public sate thereof or of the time after which any pnvdte saie or any other 'ntended dIsposition thereof is to be made. The require- ments of re-8S008bte notice shaH be met if such notice is mailed. postage prep.:ud. to the address of Debtor shown at the beiJinning of this agreement at least five days before the tm\e of the saie Of thspaS-lltOn. No waiver by Secured Party of any defaul t shall operate as a wai vtlr uf any other def'ault 01 of the same default on a future occasion. The taking of this security agreement shail not waiVti or Impair dny other secuflty said Secured Party may have or hereafter acquire for the payment of the above indebtedness. nor Shall the taking of any SUCh addttlonal security waive or impair this security agreewent; but said Secured Perty may resort to any security it may have in the ordef it may deem proper. and notwithstanding any collateral secu- rity. Secured Party &hoB retain its rights of setoff against Debtor. AU rights of Secured Party hereunder shall Inure to the benefit of its successors and assigns; and aU promises and duties of Debtor shall bind his heirs~,executors or ~inistrMOrS Of his or as successors or assigns. If there be mort:! than one Debtor. their liabilities I\ereunder sIlall be loint and several, TI\is _t sIlall become effective wtltm it is Signed by Debt<><. u L ..J L