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<br />r <br /> <br />8~. 00.6340 SECURITY AGREEMENT <br /> <br />80rT0w1lllilJ) who ~ ~tvd thla Agreement, to $:'CUre the payment of the Amount Financed. togeth~ with the Finance Charge~ according to the tfl'ms of certain <br />joint.-ad"~ .ProgU8$oty- N~,~ 8 loan of ttVt!ln .daw her~t.b. ,m6Cl!-and delivered ~y Borrowerls~, to the &cured Party named herein. and any _extension <br />thereof.::<-, ren.nI-ftfltes. or notes eUC\lted and: de1:ivered to $eeuted Party by .B0fT0wen.1I) evidencing rulUJ'tl loans or advances to-be. made. at the option of Seeured Par- <br />ty-., to~) ~ lKieby,give iI*,. ~ant,un~ the ~ured part-yo h$_5U~3OtS and assigns. a security interest in the grxxls. chattels and peNIOI18l proJlett)',:!iwcribed <br />~-W_ MYt!nre'i';$ide~l1erimlhlWeinafta-$OInetimes reft'rtild to a8 ,"CO)Jate.ran. aU -Qf which Borrowmsl W8rnnt to :be tbcir exclusive unencumbered-property;' ~_)l' <br /> <br />...," <br /> <br />I" <br /> <br />BORR9WE'l EXPRESSLY W AIlllAN'tS AND C'AlVENAN'tS, , <br />L 'TliiJ.t.~ lor the-~I;y interf:al\_iP'al1ted'~y Borrow.1tr )g._Qr to tb(> extent that this agreement-states that the Collateral is to'btl_acquirfXI afte.r:t'be '~te <br />~f.',W111be._.tbe_~ot-,t.,he-C6Ila~-~ from any,_.dveNll!,_liett. .seewity interest Of' f!ncumb~;,.t:nd,tbat B(Jtt"6w-er-wilhJe.fmtd theJ'::ollateral ~AI1-("Wm:5 <br />ami' ~ _ofaD -penlOQ$'.tt ,~,.- time- claiming the $IlfOO qr_ any in~_ therein. <br />_Mark::if ~ble 0 ~.,~weJ'"-i8adUjy org;ani%ed llnd:exlst.ing~ion under, the-Jaw$()ftbeStateof"'_______~_~___ <br />.nd:u.-,dUly quBli.&d ancl:in good staruling in twety other' state- 1B"which- it is doinl" ~. <br />~~jf_~~ 0 3. 'l"M U<<Ut~,~'Veq:and,pert:ommnCe '~e1'l:lOf are, witbin BottOwer's _~taW POWlU"S._hal'll ~n ditly. .aut~~:.,~,~~:i_n:~n~ <br />-:'W~~~;=termsQtn~'$t:hartet-L by~lftwl't.otot:her incorporation papw-tt oro! uny indenture, a~t or undettakingtO'~~ch lJ~wj!l'J.9-apa~,:- <br /> <br />'4,,: ~no flnancint~ten'M!nt-ooveringthe Collateralor any prOCeedS thereoHs on file_ in aoy:publie,offiee arid that at the requestofSertU-ed Part;y,_B6rroweJ',will . <br />jo!tf-wfiliSer.-un!d- Party m ex_ecuting 0Ire or_tnOnI- fiRllnclng stut.em@nt.t'l purSlJ$ut to tht! N~-bmska Uniform Conllnercial-COO:e in 'orm--satisfaet-orj<-to- Secu,red Fatty-aim <br />::n~e:~~~~~: ~=. this ~l'ity ftgtf!eltMmt and llny,eol'ltinuotWlJ or termination'statement. in aU ~ubJreo-ffiees:"-~verA'ilmg:i!!ldeem;.-, <br /> <br />6. To -:p.y- all. taxes- -and a~-of,~'WY nature which- may bt- levitld or Q$8eSaed against, the Collat~al <br />&__tl{K;'-w~-Uflitlim Ciiy ad-"aw U6i. ~~ ii.~ i'Il "u...~brnr~ ~!--..;:.;.='\.-"tt t:pen ~c.~~~~ nDt tOj!erinit;,~,~~tn-he:et4r~eifrii"~~~~il: <br />fd. <br /> <br /> <br />7, At its option. Secured Party may ditlcharge taxes.lien."1 or semrit.v Interests Qr_ other fm(';ummances at any tUne levied or ~_on tbg'Colla~ alid-m;BY-pay <br />f~U. ~ ohny ~ or injury and may pa-y fot the maintenance and pneervo:tiUJ1 of t~ Collateral. BOM'ower agreetl to- reimburU~_'Pa~y:Qtn;le~)a~d f~' <br /> <br />===..::me:::;~~la=:a:~,P=;:i~-~~:~~~:':c~:e:==$t~~~:e1aa:=~~~;~::i' <br />tbisl'l)C11l'itj~ - <br />g, 11ut~_ ~,-wiU.t BorriJWtlr'S- t)Wb t'xPenae f~thwith in!l:u~ t.hC' tangjblfl CoUau:ral in ti reliable in.<~uranrecompany :l1gainst lo$s. Qi:d.llJna~ by_ fu-e.-f1Xtend.ed', <br />00-' and thctft for an amQUnt toquai to the vitlu-e of !llud Collateral. and kMp thl." -same !Ul insured CQn~uOWlI:y until the-full amount of said in<k!btedness, is: paid.. witlt, <br />IoMs payilbk- to- Secured Party as it1!- intent!it may appear. snd that Bnrro~er w-ill un d~mand deliver sZlid policie$ of jbsuntbt'At, Of' ~~ proof-of-such i~r:'n<<>>U) t~ <br />-Secured Party..nd in ~,tlf lus$. the Secured Psrty Muill h't.ain front lM lnSUr-lltK:t'!' money dn amount pqual to tbe- total balance-of $a:d-indebtedne5s nm18uung unpaid. <br />whether attotding to the tenor and effoct of any promi'litOCy m~te- Qr nut.es e1,'1~:inR such indebtedne.s!: the ~rne iJ> due or ~ -Should, t~- Bor-rower fail or,-~u.~'_to- <br />forthwith eihct wdt lnilUffllCt" and ddiver- the pI)licies or !urnis.h pf(x~f of 1'!uch jn$Urnn~ as: afort'Sllid. or fail to keep-tbe.C.oUatt'l'atso insurid:tOn1in~y' ,!l!Jt.~~-W"full <br />amoont-Of M:idi.~ is paid. the Soeur-ed P'arty m3_V at its- opt-mn efJt>e'l Jlueh in..'nJ~nce ilnd tlx, am(!Unt so paid for-such-in$uranc& with_lnterea't at' tht} maximum <br />rate dowed: by-". from dattr u! payment: nncll- t~td lihall hl' sddm to ,'m_ld iru;lt>htedl'WS!!, and the lflUIle shQlI -be- secured hy this- security agreet\1enL <br />9. Rwrowl1'f' ..ill pey field ~ Party IIny .nd aU C"~tB.and eXlJI'nse<l- tncurrt'd in roco\'eri,ng pos...;emtion of thi> <-~olIaund and inCufr~ ill enfuron&:tlr;s,aeenrity <br />agreemenlW_ the same shJU he R'tUOO by this M'<'Urity ~menL <br />10-. T'bat'lJorn)'W<< will: JlOt U* the CollaWraJ in viulation of any 3ppuc.lIhl", ,<i.tut.ut-t\~, rr.gulatiom or ordi.nam::es. <br />Uh:'TIL DEFAULT ~ tna.y-have- ~ 01 the CtlUaw-ral and. u..'W it in any lawtulmannt'i' not incoo.~iwmt, witl-l thi~ s.grwme-nt and nol_int:onsi~tent with any <br />pOOt~ 'of lMun~- t~, and \lpoA deUult ~l'Ni PM-t)' shall have- the immt;diaw rifht tn the pl.'J.S-.'W5Sioo -of the GOt!Bt.erllt <br />BORRO-W&R SHALL,HI:: IN DEFAULT under- Uti.,; ti~.trn'nl upon the hsipp.t>ning of any (If tOO following t'\.'Mts or conditions: <br />(41 dei"-.u1t in t.b9 payment Of perlonlUUtu' of an" obligation. eOW:'Mnt 00' li$bility rontaitwd or rel-etn'd to he:rein Ql'" in any-note evidencing tho sume:; <br />{hI any ~, ~tion or litAl~" ~ or furnl~ht'd to ~uroo Part y by or on behalf of Borro__w rwo'\'efI. to ha..-e been falSie in any material respecL <br />when made- Qr fu~ <br />~l any tW'f!nl which. !'1."!SUlt!- in tM .CC~1"l"1ltt(Jll of tbt.> maturity of till:' jn<Wbt-f!dflt~iO ot UOrTOw-(>t' to) other!! undet any indl'!l'Iture, agreenwnt or undertaking; <br />id~ lob. theft. ~~ destnlrtibn. 'JAl4!: ietc:ep:t 3~ a.ut~-mwd in -p3l'lJfo!faph:9 heroofl ill' encumbrl'ln<'e LO or of any (If t~ COna~r-lS1. or thfl making of -tiny levy, <br />~-or attacbRWtlt- then,of 01'" ttu.rtlOl1: <br />{\'4 du:t.h. ~tioo. If!l'1nil'llltion of ~m~_ inmk-'t'tk--.}" lm.~~s hulure. app.oinlment of II ~Vflt {If any part- of Lhe prQpef"ty of. IlSsignment for the lxonefit <br />or ~toI'f.by. -or tkCO'b't~ of-an,. ~llK~ tu1Y haukrtlpltl' or in!l"Oivffit'Y 18~ by or IlwUMtBnrrowW" or ar._... '-'TrantoJ' or surety for Bm"- <br />n)wef, <br /> <br />UPON SUCH DEFAULT and al any tiuw t~n.r. ~ if It deeau jt.~1 U}S<<'~, ~u~ Penty ftl8y declare-all ObUg.HoM secureti hereby immedia-~y due and <br />payable&ndshaU b&.wthf. ~ot .-~ pcl1'tyunder tM N~ Unifonn Cooullt!t'dalCodt!. St!cutvd Party may requi.re l:kIrrower to.uemblttthe-CoUateral <br />&ad ~wt'.(If DUtU it .Il'ltai1a.bli! W ~ Part): lit .. ~ to be- dettigtlO'ted h)' &cured PVt.y whkh iA rt!8.!$Onably eMven1ent to boUt patties. Unlest the- CotlaU!r.i is <br />peri_We,_or- ~ to ~ apeedily _in 'I."llttw or,..uf.. type ~mar.iJ.y ~ on a ~ market, ~ Pvt:y will cive IJorfower ~dllble notice_f){ the <br />time-atld-pIeoe:Qr &my pubtie ~ U\an!of w m the ~.her wh:icll flJ'(\-~ pl'lvat~ Jm~:or any otb& tntam::fH-diSpOffitiun-t~f is ~ be mAde, 'I11l;'_ requfrmrnmtfj-of <br />~bk ~ wlt ~ -It'i4!'t. if lJuch nfitiCt! i~ mllikd. poKt~ pn<pIltd, t.l~ the addr('Ss of BoctoWf!l' shown at tJuI. ~ng (If this agt1;leDMi!I11 at f$8M. five days before the <br />~,-af t-~ ,..le-!lU' dispoaitioo. <br />No .ai..... by ~ Party of any dtofaWl ~ uper1II~ <<::! a waIver ()f any other- Mf.u1t or of l,h.. $illlW' dttf..!tL on It :future ~"ion. Tht< t.aking of thi,<t fIOCurity agroo- <br />~t.8han_mit wtri...~ M" ~ any .other- ~rily $Ud ~ Pllrt,y may ha.,-,e m' h~Nltler acq~-'Ot" tbEt:pa.y-Q1t'nt of the aOOv~ indeb~ nor shan too ,tWbg of <br />....,.- ~ ~ M!Cllritf ..1;_ (If i.mpair Uu$ !\t!Wrtt.y a~L hut satd Secured Party lM~' l'MUrl to iU'ly se<:urit). it. may ha\'t! in the or:der: it may deem proper. <br />-aM not;Wit~ a.ny ~-o&terti ~y, Senpwi Patt-y $hilU r\'-t4in it.'f rjght of s<<>t uff apin.'fl Borrower. <br />Al1liflht1.,( kwed P&n.y shaD ial.J.n to- the bmlmt of Its $\l(C~ pd asSigns: and aU promi8M and duLiet: of ~rrower shan bind his heil'$'. ~xeeutor$ or ad.- <br />~ or- his or ita ~ or ~ I.f there ~ mort! dum tjpe-lknower. tbtoir U.bifitie5 henundttr .sb.U be ,oint and jW@tat <br />~-8~ d:awp his OJ her penIOQ and MI'f1IItfit(! ~l-e MW owned or bt!relfter- Jtl'\1Uired With dM' payment h<<tof. <br />K~of thet:irnltofpa1meftt of .alar put ofUu,amounl o"";ngbfnon. Of' any_ variation. modification. or waiver of any l.ltt".mor-condit.ion hneof.at any ~imeor tirnffS <br />thall-not tlftect-iM liability of any part)" bwHo or ro-maker~ endor-ser. guarantor. OJ" ~rit:y hereof. ;t- being the intent of all p81rties kl ttilil N~ that they shall continue. <br />~ _~, .t.oluttiy liable for u. ~ of thIl.~ indebt-OOnM$ uattl the $aIM itt- o.:tUllUy_ paid in- full Co-makers. endotsenJ, guart.Jltoni. 8uretiM <br />and aU_.... -.c.o -enwatly wllri\~ notite of aecepla~ ~m'l!Itt f;;w payrmmt. -dtimand, ptOte4t. and not.k;e of detmtnd, non-payment. and protat. of this Note. <br />Secured PWt)' sNt.U ftaq at its .tcmluU rit'htJ of _ off at any- time it. $bali fetI ~ or upon any der.ult her-eunder or upon the oceU.retK1! 0' any other- event giv. <br />i......~ior...... _ell t!lnoolP ""'...,........of....lu. <br /> <br />IoTAT&Or_A <br />___,_COVNTY <br /> <br />O"....________dor.C._.,__..______._.. l~... <br /> <br />, to Ine.-1I Notary Pubiic. pel"8OlUlUy IttUI~_~."'_..~."_,_ ._. '" ,~. .__. __.'__m _.....__. <br /> <br />___._snd aclmowll!!dged t.-~ ttJteaU.inn of the, DOle and seeurity agreement <br /> <br />QiQ u.-~__,~ 1.0 ~._._~_~____, vohmtary art,-and deed. <br /> <br />--'"'-'-~-~--~.~-N:'o&;;y Publie-----~ <br /> <br /> <br />At,.~ E~.----.,.~._,-_-,-_-.,., <br /> <br />ENOORIlEMI'iNT <br />,.,y!llio~__~_.."....."'tIw_of-Flm.N.li<IooIa.iolt.,Gntl>d ,_ oftlw.....nd........y_, ~ on <br />_~...:.....t.\~_~-..pIi~'pr~ noUat-ot pr~.ftdft01l1Hl~ wlliv-ed: reMWaJ or atenUon- .uth~ without-OOt.ke. <br /> <br />L <br /> <br /> <br />II,.:", .,c__..,.,._.."..,.._,_.,.,.__.,., <br /> <br />TERMINATION 1!/l'!lTEMEN'l' <br /> <br />:~~'j'!~1.~..~::~~'-,;:~~:.~~:S~::~,=~~=~~~oJ~t.~;:=_,!::: <br />.....,.,..-,.......................io............_.........o;. .' <br /> <br /> <br />fly <br /> <br />'~~~'g;~".i"~;~;..;\~...~i.~~ <br />~Nttr_V^-,U:pV~"tU-" SWN't:Jl1- <br /> <br />