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<br />8A ""~;ut~0968
<br />Additional Provisions
<br />Debts Warrants and Covensnts: I11 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 [he date 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 agalnst all claims and demands of all persons at any time claiming
<br />the same or any interest therein, {2) That rip 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 more financing statements purse-
<br />ant to the NetMaska Uniform Commercial Code in form satisfactory to Secured Party and will pay the cost of filingsuChiinanCing~sfate+-
<br />ment. this security agreement and any continuation or termination statement, in all public offices wherever filing-is-deerited lSy',Secured
<br />Party to be necessary or desirable; and if the Collateral is attached tp real estate prior to the perfection of the Security interesagiahted.
<br />hereby or it the Collateral includes crops or oil, gas or minerals to be extracted or timber to be cut, Debtor w,ilh. nn demand of. Secured.
<br />Party, furnish Secured Parry with a disclaimer or disclaimers or subordination agreement signed by all persons having-err interest in the..
<br />real estate, disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Party.-13}`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-abpveata[gd)-without.
<br />the prior written consent of the Secured Parry. (A) To pat all taxes and assessments of every nature which may be-levied or assessed
<br />against the Collateral (51 Not to permit or allow any adverse I ten, security interest or encumbrance whatsoever upon~tF)e 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 fiis.;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 I ten to be created upon the Collateral on account of such replacement or fepai{s, and that the
<br />Secured Party may examine and inspect [he Collateral at any time, wherever located. (7) That he will at his own ;experise~keep me Col-
<br />lateral insured in a company satisfactory to Secured Party against loss, as appropriate, by theft, collisioN, fi[eand'ektended coverage,
<br />with loss payable to Secured Party as its interest may appear, and will on demand deliver saidpolicies of-~insuraxtee--or furnish proof of
<br />such insurance to Secured Party, j8) At its option Secured Party may procure such insurance, discharge-takesyltens-rorsecpriN interests
<br />or other encumbrances at any time levied or placed oil 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~or•eXpense incurred
<br />by SecuredP1v pursuant to the foregoing authorization. Until such- reimbursement, the amount ofany~such payment,°:itiith'i:nteresYat the
<br />rate of ~pinnum from date of payment until reimbursement, shall be added to the indebtedness owed.by.Debtor and shall be secured
<br />by this agreement. 191 That he will not use the Collateral in violation of any applicable statute, regulation or.ordinance aril if any of tf,e~
<br />Collateral is motor vehicles the same will not be rented, used in rental service nor in any speed or enifurance'contest. Itgl Debtor will
<br />pay Secured Parry any and all costs and expenses incurred in recovering possession of the Collateral=and- incurred..-,~in eniprcing this
<br />security agreement, and the same shall be secured ny this security agreement. _
<br />Until Default Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this agreementand 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 under this agreement upon the happening of any of the following events or conditions: (2) 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 5amer:~21 any
<br />warranty. representation or statement made ui 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; 131 any event which results in the acceleration of the maturity of the indebtedness of Debtor to
<br />others under any indennve. agreement or undertaking; 141 Toss, 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; (51 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 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, Secured Party may declare all Obligations securedrrhereby-~
<br />immediately due and payable and shall have the remedies of a secured party under the Nebraska Uniform Cornntercial Coder -Secured-
<br />Party may require Debtor to assemble [he Collateral and deliver or make it available to Secured Party at a place to be designatedtiy
<br />Secured Party which is reasonably Convenient to both parties. Unless the Collateral is perishable or threatens to decline speedily in
<br />value or is of a type custanarily sold on a recogn¢ed 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 any other intended disposition thereof is to be made.- Therequire---
<br />ments of reasonable notice shall be met if such notice is mailed, postage propaid, to the address of Debtor shown at-the beginnimg-of-
<br />this agreement at least five days before the time of the sale or dispositon.
<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 fuhrre--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 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 />Alt 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 heirs, executors or administrators or his or its successors or assigns. If there be more than one Debtor, their liabilities
<br />hereunder shall 6e joint and several.
<br />This agraentent shall become effective when it is signed by Debtor.
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