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li8dditionttl Provisions
<br />Debts YYlarrants and Covenants: (t) That except for the security interest granted hereby Debtor is. or to the extent that this agreement
<br />states that Cse Collateral is to be acquired after the date hereof, will bit, the owner of the Collateral free from any adverse lien, security
<br />interest ar encumbrance; and that Debtor will defend the Collateral against alt claims and demands of all parsons at any time claiming
<br />the same or any interest therein. (2) That no financing statement covering the Collateral or any proceeds thereof is an file in any public
<br />office aril chat at the request of Secured Party, Debtor wiii join with Secured Party in executing one or more financing statements pursu-
<br />ant to the Nebraska Uniform Commercial Code in form satisfactory to Secured Party and wilt pay the cost of filing such financing state--
<br />ment, this security agreement and any continuation or termination statement, in ell public offices wherever filing is deemed by Secured
<br />Party to be necessary or desirable; and if the Collateral is attached to real estate prior to the perfection of the security interest granted
<br />hereby or if the Coiiatvral includes crops or oil, gas or minerals to be extracted or timber to be cut. Debtor wiii, on demand of Secured
<br />Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by ail persons having an interest in the
<br />real estate, disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Party. (3y 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 atxive stated, without
<br />the prior written consent of the Secured Parry. (4) To pay alt taxes and assessments of every nature wfiich may be levied or assessed
<br />against the Cclleteral. 15) Not to permit or allow any adverse lien, security interest or encunbrance whatsoever upon the Collateral, and
<br />not to permit the same to be attached or repievined. f6) That the Collateral is in good condition, artd that he wi^ at his own expense,
<br />keep the same in ;pod condition and from time to time, forthwith, replace and repair alt 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 an account of such replacement or repairs, and that the
<br />Secured Party may examine and inspect the Collateral at any time, wherever located. (7{ That he will at his own expanse keep the Col-
<br />lateral Insured in a company satisfactory to Secured Party against loss, as appropriate, by theft, collision, fire and extended coverage,
<br />with loss payable to Secured Party as its interest may appear, and wiii on demand deliver said policies of insurance or furnish proof of
<br />such insurance to Secured Party. (8) At its option Secured Party may procure such insurance, discharge taxes, liens or security interests
<br />or other encumbra+tces at any time levied or placed on the Col lateral 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 amy pr;menYor expense incurred
<br />by S~cur Party pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at the
<br />rate of per annum from date of payment until reimbursement shall be added to the indebtedness owed by Debtor and shalt be secured
<br />by this agreement. 19) Thst he wilt rtot use the Collateral in violation of any applicable statute, regulation or ordinance and if any of the
<br />Collateral is motor vehicles the same will not 6e renteat, used in rental service nor in any speed or endurance contest. (101 Debtor wiii
<br />o-• cec,.a,i Pa.fy any aruf all costs and expenses incurred in recovering possession of the Collateral and incurred in enforcing this
<br />security agrtrer+tent, and the same shall be secured by this security agreement.
<br />Until Default Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this agreement a+xf not
<br />inconsistent with arty policy of insurance thereon, and upon default Secured Party shall have the immediate right to the possession of
<br />Ms Collatmal.
<br />Debtor Shall Be in Default a+xler this agreement upon the happening of any of the following events or conditions: (tl default in the pay-
<br />ment or perfomta+tce of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same: (2) any
<br />warranty, representation or statement made or furnished to Secured Party by or on behalf of Debtor proves to have bean fates in any ma-
<br />terial respect when made or furnished: (31 any event which results in the acceleration of the maturity of the indebtedness of Det~ror to
<br />ethers under any ipdenture, agreement or undertaking; (4) loss, theft, damage, destruction sale or encrmbrance to or of any of the Cdl-
<br />lateral, or the making of any levy, set zura or attaplrrwnt thereof or thereon; (51 death, dissolution, termination of existence, insolvency.
<br />business failure, aptxtintment of a receiver of any part of the property of, assignment for the benefit of creditors by, or thet canntence•
<br />meat of any prw•eeding under any bankruptcy or insolvency laws by or against Debtor or any guarantor or surety for Debiar.
<br />Upon Such Dsfault and at any time thereaher, or if h deems itself insecure, Secured Party may declaae all Obligations secured hereby
<br />immediately diw and payable and shall have the remedies of a secured party under the Nebraska Uniform Commercial Codo. Secured
<br />Party may require Debtor to assemble the Collateral artd deliver or make it available to Secured Party at a place to bB designated M
<br />Secured Parry which is reasonably convenient to both parties. Unless the Collateral is perisha4le or threatens to decline speedily in
<br />vacua or is of a type C.ustanarity said on a recognized market, Secured Party will grve Debtor reasonable notice of the Lima and place of
<br />any public sale thereof or of the time after which any pr+vate sa+e or any uu w, i„i~~«ich; ,'.;;ry,ucit[cn .h":°.' ;° '-^'`°'^~°. ~» rarsuir~
<br />meats of reasonable notice shall be mat it such notice is mailed, postage prepaid. fo tits address of Datrtar -Sttuwr: ai t#r€t t3~~+=,ning of
<br />this agtaentent at least f-va days before the tirr,a of the sate ar disposition.
<br />Np waiver by Secured Party of any default Shalt Lgaarate as a waiver of arty other default ar of the soma default on a frrture aeeasian_
<br />The taking of LhiS security ar~rec-xttettt shall oat waive or irr,pair any oMer security said Secured P$tty may have or hereafter actpalre for
<br />the paymr!rtt of the afx?ve indebtedness, nor shall the raising of arty Such additional security waitre w impair this security agraanent;
<br />but Said Secured Party may reSOrt to any security it may have in the order if may deem protjer, a:xt rrotwithstaruiing auy c:of'sat~rttl tf~u-
<br />tity. Secured Party snail retain etS rights of doff against Datnor,
<br />All rights at Secured Party hereunder shalt inure to the fienolit of its succasiwrs and assigns: and ail pramisa=a and duires of Debtor
<br />shall bind his hairs. ezecutars or administrators rx hrS ar its successors or assigns, if ttHxe Ixr more Man wte Debtor, their liabrfitieS
<br />hereunder shalt be foist arHf several,
<br />This agreantent shalt become effective when it iS signed 6y Debtor.
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