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SECURITY AGREEMENT !n order to secure the payment of my npte. the terms of which appear on "the other side, and for the purpose of securing additional sums of money. which !may receive from you, I agree that regardless of when 1 acquire this property, it will serve as security for payment of my note to you. 1 represent and warrant to you that I own this property and that there are he liens or encumbrances of any kind against it except _____.._ ....___.....___ __ .._ I further agree: t. That I will keep the property which secures my note in good condition and that I will not sell, convey or otherwise dispose of such property, nor will I remove this property out of the state pf my address, as shown cn the other side of this agreement, without your permission,. 2. That I wilt insure the property for fire. and extended coverage if and when you require me to do so. 3. That !will pay ail sums spent by-you to obtain possession of the property from a third party. EVENTS OF DEFAULT: I will be in default-of: his secutity agreement: 1. It f fall to perform any abiigaton'E have under this agreement or the note appearing on the other side. 2. It any of the statements or representations Ihave made to yoo are false at the time of their beiny made to you- . 3. If the property Ihave-:pledged for my note ~s destroyed, lost, stolen, substantially damaged, sold, attached, seised, leveled; dr encumbered>-irt any manner. 4. 1 em about to do. dr'have done, some act .which tends to impair fhe value of property I have pledged es secvrity- YOUR REMEDIES: It I am in default axording to the terms and conditions of m note or notes, you may enforce your rights according to Nebraska law- tiVhen the default r.,onsists only of failure to make a requireri payment. you may with nphGC and after my failure to cure the default. declare the balance of the note immediately due and payable and at your option, you may fake possession of the security pledged. I understand that I em only entitled to one notice pf my right to cure the default for failure to make a required payment. If I default again, you ruert not send me another notice and can declare the entire balance due and payable and enforce your nghts trRder Nsbreska law, including repossessipn and replevin. NOTICE: See olhar •kfe for Importsnt IMormatlon. AGREEMENT OF CO-CJiNNER(3) As co-owner(s) of the SeCutity described on the ottfer side of this Agreement, or a portion of it, f hereby agree to the following:' 1.' That the uronsideratlon for my agreement is the ext6nsion ct credit tc the Borrower(s)' or Co- maker(s). 2. That I haw reed the forma. and conditions set forth in the above Security Agreement and agree that they ere binding upon me. 3. That, as to the lender. I reieaae all right, title and irtereat in the Security, and waive any and al. exemptions allowed me under law as to the security, and further agree that the lender may re- plevin or repossess the Security, or otherwise proceed against the Security, to the same extent end ender fhe same circumstances that it may act against the Borrower(s) and/or Co-maker(sj. 4. That my agreement here shall remain binding upon me even in the event that Borrower(sl and; or Co-maker(s) execute other agreements that extend or renew this obligation. 78:b Co- C'Nnef ~~ yr _` .. _.. ._-.. max. -~-, ..,.. ~ ~ Gelb.... ,\ n, ~4~~ „downer `~ -: ' L~0 r'u r S ~(\ _ ~ ~ ~ ~~ iD (~ \ ~ - tiu rR ~.. a:~a `e"an & ~d¢t`.waitan,: r+n..r~3ck