<br />I
<br />i
<br />f
<br />II
<br />
<br />I!;,
<br />~
<br />~,
<br />f
<br />~
<br />r
<br />r
<br />
<br />OA
<br />O"t~
<br />Additional Provisions
<br />
<br />005876
<br />
<br />Debtor Warrants and Co-venants: (1, That except tor me secur:w llli.e-.ti.;j.1: ijru..t~~ ~crccy !:)~~:- i~. ~:>r to thft p..xtent that this agreement
<br />states that the Collateral is to be aCQUired after the date hereof, will be. the owner of the Collateral free from any adverse Hen. security
<br />interest or encumbrance; and that Debtor will defend the Collateral against af' claims'and demcr'>ds of all pefSOns'-atany time"c1aiming
<br />:he -same or any interest thereto. (2) That no financing statement cOllaring the CQllateral or any pro<:;:eeds thereof- is-on fHe. in any,-public
<br />office and that at the request of Secured Party. Debtnr wit. join with Secured Party in axccuting ona'~ ;.nore-fin4OCing. ~t~'-~~~
<br />ant to the Nebraska Uniform Commercial Code in fonn satisfactory to Secured Party and v;HJ pay the,,-cost :a(filing:'Sucb,-fin~9~,~.;#t$-.
<br />mentl this security agreemen,t and any continuation Of tennination statement! in all _public offic6s__woerever Jifjn~-_i~,7~:~~_~,~0te4
<br />Perty tOo M necessary or desirable: and if the CollateraJ is attached to reaJ estate prior ~o tM_perfection~-Of-the-.security,~+_~
<br />hereby or it the Coliatenti includes crops or oi!, g.9S or mlnerais TO be exiract6d or ti-mbar-tc- be cut. U~ -wa.~--ot!-~of:f~~~:Kf
<br />Part'''. furnish ~ired f'arty with a ul&<.::i~ifliti{ Oi discl3::T.efS or ;:;'JMrtjin.flt~on agr~t-sfW!ed b'(alJ -per$On~ having: ail:i_~t~~~_'-~o~:m~c
<br />reat estate! disclaiming or S\IOOrolnatlng any intt;:r~i Ii; tho; CG::i;tt;;:;Z~ -~~Co.~- !5 :::'~!~ -~ the interest_of Secr~re~:-Party* '-{;lJ,,_~i;,l_~:tOy~tj:;:
<br />transfer or disPOf 3 of the Collateral. nOT take the same or attempt to take the sarna from the_county where kept ~$ above-st~.;~:+W:U~i
<br />the prior wnttsn consent of the Secured rarty. {.:t! T0 Pai eH taxes ~ ~~~9.'n(mts- of every nature-yvhi~ ma-y-bedevi~:"'()r~~'
<br />against the- eoUate-ra!. !5l Not to permit or allow any adverse lien~ secunty intare:st or encunb,-anc;e whatsoever upon the'Colfi;rt~rati';,ana'~'-:
<br />not to permit the same to be attached or replevined. (6) That the Collateral is in good condition. and toat-' he; '!Vil1.-at f)i.~-))!,A:;~~~~~~'
<br />;"qe.~ tin;: SQ.Tn3 ifl govV CUiloition aft\:J hCHTi ti,r.e to i:k,-ro. 'fvrth...-itol. rBptac6 a.-.d (opalf an ;;uc..'1- j:--art5 of the C-o-HatGrat~-as~:~";:-~;~i:.
<br />WOnl oui Vi dam~ w~t~{!o~! ~H0-wing any lien to be created u~ _the Collaterat on .ac~unt of such rep'-8Cement-.oi .r:~_irs;::~-':th~~;-',~'~
<br />Secure-a Parry may extJ(uini: -artd inspect the CoHa-rera! at -any tJme-~ wherever locatea~ 0, That he wi;: at h~s -c.~-';'t~~,'_~>~~,::~J::
<br />latera! insured in a company $atisfact~ry ~o Secured Party against loss# as appropriate~ by theft~ coIHSion:~:-fir~,and'_"EiJ:.;der~-~~-~r~-',;-:-:~
<br />with 105..<; payable to Secured Party as Its mterest may appear~ and wilt on demand de!iver said paHdas-of insurance,_OT: futni_.':pl;1)Of'-"iof -
<br />such insurance to Se-euroo Party. {S) At its o.,tion Secured Pmty may procure such fnsurance~diSCf1arge'ta~tj:,,:-tien1l..~:~~-~,/tl:~~';~_-.'i
<br />or other encumbrances at any time levied or placed on the- Collateral and ,may. pay for the '"repair of an-ti:d~ or-, f~jurf'~W_'or',~~-'-~-
<br />P!e-S~~V~~lon and mairrteniJnca l]f tho CcHatera!. -DebtDr ~raes-to reimburse SecuredParty'oo demand fof any pavment,'-or~~~:~_ln~-;
<br />by SeCtf8d Party pursuaf1~ to the foregoing authorization. um!i such feimoorS€j)~t. n-l-G ,~~..:~t _~! a'!":--S!...~: l?sy_,_, ,_
<br />rate of ~-p.er annum from date of payment until reimbursement... shaH 'to? ;'Y'"o:t:d to the ifldebtedn~,~.by Oe~,.
<br />
<br />~~ol~:it:r:~=;~r 1~~h::~;;";'';'~~::\,;,7~ ,:: ~":~~:::; ,::e:;'::~'; ';~:<"';'~ic7:::":::::;' ~:';""!~",;:;ancec()n~t;',
<br />
<br />pay S-eCi.lred Party any and 811 costs ati-l1 expef'.s~") H1CtIfred in recover lng _oosseSSlQf1 of the Collateral and in.curr~;::.'i!\},~~i~r::~tfl1l~'~
<br />secutlty agreement. and 'lnt':! 5iii-TIi:' snaU bo sect!re"J. by this ser.urir-t agreement. < _~ '.. "",,' ';,0\'
<br />"..-
<br />
<br />
<br />. ,
<br />Until Default Deb-tor O"!8y have P-DS~€SSlOn of The Collateral and use it in any jawful manner not inconsistent with .thi$
<br />inconsistent 'with any pOi icy of lfi::;urance the-!eon, t1n.o upon def.);ult Secured Party shaH have the hnmedrate,ri~t--tO
<br />the Co! l'ateral,
<br />
<br />
<br />Debtor ShaH Be- in Ot!f-auh umlt'-f Hns aqreen'1€-f\t Ui.:."(:H th!:~ f~appe-nlrlQ of any (If the foHowin-g events or conditionS';: 0, dat-au}f-in_ -~,~-,'
<br />ment Of pe-rlormanct'> of any oblIgation, cov~:nant or lrabiilty contained Or refern:tt:J to herein Of in any note evidencing the same~'(2)_anv
<br />warranty. r&,resentation (!-f syatet-ntmt rm1de e'f tuml~hed to S€GJfilii Part).' bv Of an behalf of Debtor proves to have beeo'-faise- in any-'ma..
<br />teriat resp.c~l when made or turnlshw: ,:~: iH!\> evHnt WhH.:;h fHSllib in the f-jc;celeration or the matuftty of the indebtedness Of Debtor,to
<br />,}therb w,('j~ any mdetlture. <JWI:K"Ownt 1)f I.!nd&d,I.OO::"1g: 14~ j()ss. theft, diJrna~. destructIon sale or encumbrance to or of any-of tho- -Coi~
<br />~at-e-1ai* Of the t1..aku)U (J!' any !e\'v. S!.'l,i:ure C', attachim:ont thereof Of thereon; is;' (h-::ath$ dtsw!utjon. termh1-atipo of existence.- insolvency.
<br />buSiness. ta;ll,.;,p, iJppoif1trnerrt d ~~ r~',::I.:'!VI';~_' of ~my pmt of the prODerTy of. assignment -for the benefit of creditors by~ Of the cornrnence---'--
<br />men! of any piuceedHiQ ~.r.dcr an,,'- t)'iJnkFlij_iIf_y Of '~~soh.fP!lCY loWS tlY Of aqmnst uebtor Of any guarantor or surety for Debtor.
<br />
<br />Upon Such Oef6ult ;tr;d .j! any tHl:,C- thNeafwf. ",r tt :t (}€!C'.fHS !b~~!t 1f1\'jbcur~'. ~eGliWU VaHy illS" ifud..-ofe eH -Dt.,ji~.ati(m'lS secured -hernQv
<br />immeC:1!8t-eIV {k:-e and payable ~if;-d ~hdl! ildvB- the rt...->1N",i,e5 ':1f a SOCUft:-d party un(jttr thf} Netxi3skd Unitorrn COllvuftfciat Code. Secured
<br />Party may H::qum.i- Debtor t{y ~!-,:::;*mbi-e the C(lH~H~f;}i dnd delPA'l fif make 11 available to Secured Party at a p1ace to_ be desi-grnned-by
<br />SeCUfl:,"(! Pi;iny -Whir.:;.h i5 ;f!-dson.anly ~-:'JnVHnl",'nt t-f_, !..).>-.}t-h 1:~W{le_'i. Un!e~$ Ute Cullate-ra! is penshable Of threatens to decline- speedily in
<br />.,-aiue 0'-1' i~ U1 a h-pB C;:;t;~.'t~!".a!'dy Si)!tj on d feCH9n!.l.I;~d W<:-Hk.m. S"":tHdi Pij;ty wil i give Debtor reasonable notice of the time am1- pl'.ace of
<br />any pt.h!;c sah:\ ther€-:'Ii 1.11 of ttw trln€, ,-'tftef \ACfI'U' dnV pr:\/tJtt.1 :"d!l~ D~ "UII.- other iiHend(.',d disposition tfu:!TOOf ~5 to be m,ede. The-_~-1~~
<br />menlS of re~1_~..nt1db!e notrct) ~r}a!l l.e D-\-!~! .f :",.l,.-;h r'<,ltU~ jS tPdd!;:~d, ;y,~..t-,1}'i'l~ }1lt,'Op,;W;:t to the i-Jddress of Debtor shown at the beg~nnjng of
<br />tn1$ agreel'l<<;!p[ ~i\ :~~~i:st !n:~~ da-y::> twf',li(" HI" tiflic "i th;,' ~df." Ol:-',ln)~:tH)n,
<br />
<br />No 'r..'diver by- Sl..4:.:Uf(,-<o(.! Pany t;1 d':)>' ddL-lldi :o:-'uH ,'ppr,{it-: ;it; ,J waivt~l u1 (JnV Uth...'1f def~dt or of the same- default on a future occasion.
<br />The t;.li-;. il1g ur tnr:;. ::',.-rcunt'i dqreuHll::~Hl ::-,.r!dl: ,,;,~ "'..,-tl\.,~ .':-,[mit .1nv ,jth~.r ~f"~CUfi 1'1 !:>.;l(d Secured Party may Mve 0( here-after acquire for
<br />the payment ut tht~ do..~'.le ;iKh~i)tedn~-::.:s. no; :-;h,_l! I thi..' taklrt9 (!l ,:i'ny S;.ich t}Ck1;tg)ftt-l! ~e!.;u!i!y Wrjlve or impair this security agteetnent:
<br />but sa'j.1 S"-'CUlt""-J ;':-\lrt..- f1kP,' H:-:-i_t.'-ft :~, .Jlty U.Ul.Ull~Y 11 ,'h}y havu iii ti.l." ;)fl~-ef It rni1y dHem propef* and 1Y0twithsmnding any coBateral secu...
<br />;'!:v. St:'C-l!tefj Pdr1:v :-;,.,hlll It~td(j, ,i" ,~~;~t,; ,-;~ ~~!,..t. ~..:::,,!,~~t !',....h!{)t,
<br />
<br />A!; f~qtlt~ ~-\f -SB(:url:~d Pal tv ;u.;-,t:untit.H S-Ild:l ,nuni'td tin,' Odf(trtt 'tS sw:,ccssms and dss.ig!'\s; and all promis.es and duties of Debtor
<br />~I,<}H bll)Q i;;s tledS-. e,l(i1CllLOfS ,y ::...In n~'~Hdtt_'IS Of r\i5 (:rt its ..,ucu:;'~~,Of~ 0f <.!Sl:>lglb, 11 there be more than one Debtof. their liabilities'
<br />~e-relW1def' ~'ilall be ~Ol~\! and severai.
<br />
<br />ThIS agreement Shi.lll become ~f(tX:t:ve wile" it ::j ::,;qn.e-.J t,y uuotUf.
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />~
<br />
<br />I
<br />L
<br />
|