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79-- -r~~.'!
<br />Addititsnal Pravisuant;
<br />ebtar accents a avanants: f7} hat except or fhe security :r4Hrist granY,t^ti neroby Debtor is, or tCr thi~: c?xiaxrrt ll1'wat ihi~; ~ayreement
<br />states that the Cotlaterai is to be acc><airad aPtHr the data haraef, will t>e, the ownz~r of titeCollarerai free franc any zrdva!risr;~ IiNri, security
<br />interest or encumbrance; and that Debtor will defend the Cotlaterai against all claims and demands of all persons at any time claiming
<br />the same or any ii~ferst thprei n. (2} That no financing statement covering the Cotlaterai or any proceeds thereof is nn file in any public
<br />office and that of tiie ~eque~t Lif. Secured Party, Dohtor wilt joir. with Secured Party in executing one or mere financi--~T statements pursu-
<br />ant to the Nebraska Uniform Cornmerciai Code in form satisfactory to Secured Party and will pay the cost of filing sucfi finanr:iny stat~-
<br />ment, this security agreement and any continuation or termination statement, in all public offices wherever filmy is deemed by Secured
<br />Party to be necessary or desirable; and if the Cotlaterai is attached to real estate prior to the perfection of the security interest granted
<br />hereby or if the Collateral includes crops or oil, yes or minerals to be extracted or timber to be cut, Uebior wit!, on cfenrand or Secured
<br />Party, furnish Secured Party with a disclaimer or disclaimers or subordination agreement signed by all persons havinyan interas± in ir•,e
<br />real estate., disclaiming or subordinating any interest in the Collateral which is prior to the interest of Secured Party. S3! "Jet tc sell,
<br />transfer or dispose of the Coliaterai, nor take the same or attempt to take the seem from the county where kept as atxrve stated, wrthrnrt
<br />the prior written cnnsent of the Secured Party. (S) To pay sll taxes and assessments of every nature which may be levied or asses5e:1
<br />against the Collateral, i51 Not to pemit or allow any adverse Ien, security interact or encumbrance whatsoever upon the Collateral, and
<br />not to permit the same to be attached or replev ured. (oi That the Coliaterai iS in good Condition, and that he wilt at his own axpa.n e,
<br />keep the same in good condition and from time to time, torttiw i;h, replace arxi repair alt such parts of the Collateral as may ;..~• t;re4:er,,
<br />worn out or damaged without allowing any lien to be created upon the Collateral on account of such replacement or repairs, ann than the
<br />Secured Party may examine and inspect the Collateral at any time, wherever located. 171 That he wit) at his nave expense keep tnc C~~I-
<br />laderal insured in a company satisfactory to Secured Party against Toss, as appropriate, by thef4 collision, :`ire and extended cevetaye,
<br />with loss payable to Secured Party as its interest may appear, and wil I on demand deliver said policies of insurance or form 5h proof of
<br />such insurance to Secured Party. IH! At its ovation Secured Party may procure such insurance, discharge taxes, liens or securty interests
<br />or other encumbrances at any time levied or placed ors the Collateral and may pay for the repair of any damage or in!un• to or for tre
<br />preservation and maintenance of the Coliaterai. Debtor agrees tv roimburse Secured Party on demand for any payment ar expensr occur. tYd
<br />by Secure~arry pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at u+e
<br />rate of I~Yo per annum from date of payment until reimtxrrse!nent, shall be added to the indebtedness owed by Debtor and shah tse secured
<br />by this agrearttent. (9) That ha will not use the Collateral in violation of any applicable statute, regulation or ordinance aril if any of the
<br />Col lateral is ntottir vehicles the same will not ba ranted, used !n rental service nor in any speed or endurance contest. i ttr! f`ebter will
<br />pay Secured Parry any and all costs and expenses incurred in recovering possession of the Collateral and-incurred Rt en~~,r:::ng this
<br />security agreement, and the same shall be securtxi by this security agreement.
<br />Until Dgfauit Debtor may have possession of the Collateral and use it in any lawful manner nut inconsistent with this adn~entent a!td not
<br />inconsistent with any policy of insurance thereon, and upon default Secured Party shall have the immediate right to the taossessorr of
<br />the Coliatara4.
<br />De6tw Shaii 6e in Default under this agreement upon the happeniny of any of the following events or conditions: (i) dotauit in the pay-
<br />meni or performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the lama: (21 any
<br />warranty. representation or statement made or furnished to Secured Party by or on behalf of pebtor proves to have been tai se in any rna~
<br />facial respect when made or furnished; i3j any event which results in the acceleration of the maturity of the indebtedness of Debtor to
<br />others under any indentures, agreement or undertakirty; (Ai loss, theft, damage. destruction sale or encumbrance to or of any of :ne Col-
<br />iaterai, or the ntakirig of dry levy, seizure or attaCfirneM thereof or thereon; {5f death, dissolution, termination of existence, ir?,~>civarcv,
<br />business failure, appointment of a receiver of any part of the property nf, assignment for the benefit of crecti tors by, ur Hie cc=mmenc?-
<br />mant of any proceeding under any bankruptcy or insolvency taws 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 Obligatiars securevi herei~y
<br />immediately due and payable and shall have the remedies of a secured parry under the Nebraska Uniform Convnerciai Code. Secured
<br />- Party ntsy require Debtor to assemble the Collateral and deliver or make it available to Secured Party at a v?laee tc i>L desiynatet: try
<br />Secured Party which is reasonably convenient to both Rarties. Unless the 4oltaterai is perishable or foreatens *,^ decline s`peE~riiiv in
<br />- - value or is of a type cusiaaratify sbia on a ieeoyrrrzeci market. Securrd Parr viii give Ditbfur rea~.,r.aL`.e rx:.ti.:e ..f _,... ,... .t, :. '.
<br />ant Publ Ic s31a thereof or et the tinia after which any fxivata sacs ar any afher :ntorxied disposition tharau4 rs to ~ mane. The Fdgpire-
<br />(n@ntS 4f reascinabiu notice S!?-all ba +n@[ if such not!ce is mailed, oostagu prapa!d, to the; address of Debtor shuwr: -.; the beginnirrct c:
<br />_ thin: a_greartiant at mast five days petora tea tr!ne et tfie seta ur drsfKrs~tsc n.
<br />, zl
<br />t,~~n ~~ Nn w_ a_ivar 6v Sacurrx{ Party of env default shall operate as a waivor tit any otfnsr default ur of the score lief quit am a future nee:<is:un.
<br />. id _a "~ Tha taking of this Sal:urity ih}iraarnCnY Strati oat waive or impair any 64itcP Se.;irri F}r Said ~ec:iirftt Party nTay haves .`. ..etearf tic,-titre for
<br />~, the paymt~n2 of ,he :lr ve -ld.:A.ed±?e55, nor strati ttte taking Of any st~~Yt artoStionai sacuritY waive cx nnpair ims >:,~a„i:y ~~;
<br />but said Sec.urad tarty m ry restrt to any Security i2 may trove ur the order it may ctsam proper, and notwithstanding ant :.or~attruf sEiur-
<br />_ jjt ,~,. city, Saeurad Party shall retain its riyhtsof setoff against Debtor,
<br />AS: y~„~~ All rights of Sxured Party hareuncfor shalt inure to the bovretrt of its successcws and assigns; and a1{ pran:ses ar?d aur<:> ::r i?a::,t~rr
<br />~~ shall bind lies hairs, exrn:utcrs or atSn;rtrisvators tx nis or its succas~.rs of assigns, !f there be n~re than nnu Dobt4r, thc.o iiarr:iines
<br />_~}l°"~,~hergunder shall be joint and several.
<br />~'~Y ~ ~`ThiS ayrearntvYrt shall becdna affective whon it is s!gnad by Du6tor.
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