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~i--~lti2793 <br />snnrnzaxar, r$ovnswxs <br />Dim10R ~CARRAN I'8 AND COPEIfANTA: (ly That torcept [or tba aawHtY iMerat Cvanted herobY Dalton fs, or b the ester t!i(! thh- - <br />tt~tamaet abga ttpt Lba Cetlatatw b b M ticeabed after the tlwi btwenL Mllya, LM caner d ar Q~+)atarw )Brea tram~arp-ether u.ab :sr <br />tatrttY utaraaf or Imeum'btseee:_ aaa that Debdor way deface tie Cbaaterw aWtut wi e4(tha sad demands d wl peranna antsy. see.-dNsiet. <br />tka scare mr sRy lnteroK ttivNn. (7/ That eo flnatttlng statemeae epirertaC the Collwetd or tray Proceeds tltereo[ Y on fUe is-ssY pnlatti:A[ftpe -. <br />and fhal_ it the roRUeat of Secured Party. IFabtor will Joie wltti Steered Party is ekacutnti offs or tnoro flnaaefbs stataraaars psritaaat-ti' Lbi - - <br />NebteaRa tlsiftytm l,ommsealal Oode m form ptisfrtory b 8ecurad Party- aW writ pay the coat of t(IInC e+Adt tlnanelns statetaset, afire R~r1t7 - - - <br />IlseepMet aqd aaY caetla-uatlon or termftntioR trtatareent, mall public offices wheierer flims la deemW by Secured Patty b: le RbetlMtltrY or - - <br />dassibb: sea a she Collatenl h attached b raw estate Frior Lo the pertwUOS of the aeeurtty Iatereat iraate6 kereb7 or H "ths OtiY9ttttal - <br />IariWSS scope or oli. ssa or tninersL b be axtruted or rimier to tie- cut, Debtdr wilt; -oa detnaea oI 8ttaured--Party. turaipk--8eet+e'ed Dirty---.. - <br />rHV ~ diseiwmar or 0iaelalmera ar euftordlnatipn agroemeat afgnad by as Mreorte h+efni m lateraet m the rdl estate: dlarJeimie~. or. itab-. - <br />RtdinntRsi any ItHerMt is the Gbibtenl which is prfor to tfie interest of Secured Party. (3T Not to nil, ttwaater or dispose- of tbe--Callabtw. <br />eer rake fhe acme or attempt 4o take the wtAe from the I`ountY whett kept as abote stated. wiNout the Prior written txaaeet ot- tM Semeea - <br />Part1. (a) To PsY W flee aAd arcasntenb of awry nature which-may be lened or-areard agaWt the Collateral.-(6) Not b permit or aaow <br />aeY adrene IFee, security mteteet or earatmbrance :hatattever upon the Collaterw, and not to permit the caste ,b be attaibed tlr roplarlRed: - <br />(i) 9Ast ate Collaterol b m Good copdtaoa, snd that he will nt hie own expense. keep the acme In goof coedttloe sad hom .stets -te- fists. - <br />taethwlth, taptaty sad ropwr wt sneh pans of the Colfateral r may 6e brtyltm: worn out ar tiamased wltiiout aUOwief any llea b-: rte erostM <br />open the f'4tlatetet oa aot>otmt of such ropgceateat ar npain: and that the Secured Party may etumiae and inapsd tie Collaterat tk ~tV-tone, <br />wkettstar -lapted. (?1 Tht M will K 61s owe eapanae keep the.Cotisterw lnsttrcd to a company rt4taetory to 8ccerea Party •salnat tar: r - <br />aPproMiite. by tkdt, tsriliatos. tare sad extended trorerase, with top payable to Secured Party r its interest stay appear; and-wet om dentud- <br />dwftet pfd Polkies of iraurance or farnLh Droo[ of such ineureace to 8ecttred FanY. (A) At fie optfoa Secured Party tM7-Droeure atkdi laeuh <br />sea. discharge te=as. Item or security lpttraets or other menmbrsACea at any time le ied or Dlaced oA the tbiLtanl and may pay- for the rapwr <br />of aaY data•>K or InJttry to or [or the prerrsadop and mwntenance of the CWiaterol. Debtor stress to refmtmne Sacuroa Party oe dattrnd <br />[Or any paY'alaat er ezpetue trxurted by Sicund Pang Durntant to the forosoip6 auNOrtriioe. Until such nitttltttraetttmt, the amouet of MY <br />•nrd psyeteat, with }piece-! at the n4 of 39e Par xnaum from date d Pagtamt until retmbuiaetnsaR-, ahail be added io the indabtedlsw owed <br />by Debtor sad ahsil be aenered by thL agreomsnt (pi That he will not use the Collateral m violaaoa at aqy applicable statute, rerytatloa or <br />aedlaaent sad f< any of the ColLterw fa motor rehiclee the ssme will sot be rcntcd. used is rmtw serrtea nor la any ttpead or ettdnranaa eon- <br />teat. (lOJ Debtor wiU piY UecvrtM Party any snd all costa and e:pantxs incurred la recoverlas portasloa of the Collaterw sad Incurred in <br />®to~s thh reurUY sgteemea:, and the fame shalt be secured by this attcuritY agreement. <br />. UNTIL DISFAULT Debtor may base poaseaafon o[ the Collateral and use it in any IawNl manner not inmasisteni with this agreement <br />tad /bt inconalatmt wrap spy f>oliry ttf insurantt [herooa, and upoA default SeCUred Pant short bare tea immediate resat to the Itoes[»ion <br />of the Coaateral <br />DEN'COH SIIAt.I. HZ IN DEFAULT under-this agreement upon the happening of any u[ the (ollowlns esenh or conditions: (1) de(auit <br />in the payment of perfotrnap<e o[ any obitsatioa, corcmnt or tiabifity contained or refereed to herein or is any note eytdmeing the acme: (2) <br />any .warranty. ttPrasentatkon or wxtement Aside qr [urnyahed to 3ecnre6 Party by or oa hehaif o[ Ikbtor protea to bare been Tare In aaY ma- <br />brtw twapeet whee made ar hrniahed: (S) any esmt_whtch resvita m the ecceieratton M the msturtty of the iadebtedaer of LMbtor to others <br />updar aai intteniaro. agreement or undertak/rag: fry low, theft, damage, deMructton wic or cttcumbreue to or of any of the CoiL[eny, or the <br />mailing o! a67 ley}. aetauro or attachment thsrea[ er thereon; (3) death, diawEutian, tcrmkeuflan of eziateACC, maotrency, busintatt taliuro. ap- <br />PebtttaeAt Ot • recetrer of any part of the proPenq of. aeslgnpteat Itrr the benefit v! creditors by, or the rommencameat of any proceeding under <br />any baakneptoy or tasolteary isxe by or sgwisrt Debtor 6r any ilvarantor or aurct> for Debtor. <br />_ UPON 811CU DiBYAULT and at say time thereafter ar if it deems itself inaecutt. Secured Party maq deetate ail Obilswlons eetvrcd <br />Mt`ebY lmmedWelq due sad payxbie -=d short have the mineEles o(a secured party under the Nebraska Uniform Commercial Code. Seeu.._.. <br />Party may reQtare tyebtor to assemble flee CoaateraV and dNirer or Auks It aratiahie- to Secured Party at a place to be daignaled by geeured <br />Party which is reasotrably conreayeA[ to bath partta~ Unyeaa the Collateral !s perishabte or threatens [o QecRae speeds} in raltte or V o[ a type <br />euNOnurtiY saM on a txcognfEed market. Sect:rtd Party wiq sire Debtor resaonable aotlce of the time sad plus of say punite rte thereof or <br />of Ne time after which eny petrels axle or any t•lMr 7nteadM dispostiton thetenf is to be made. The requitttaeata of reawnable nonce short be <br />met it such noUtt is nulled. postage prepafrt. to the Wdreas of Debtor shown rat the besinaiag of thin agreement a! Taut flue days beloro the <br />Ei>af of ftte rte u Gyapostiton. <br />No wailer by Soured Party of say defawt Ehtil operete as a watrcr of soy other detautt or of the same dstault oA a Inturo oecaslon. <br />TAa [ttkyag_M ihfs seeutttY agreement shat! not walye or impair say other maritY rid Secured Party may irate or herpfter actlutro tot We <br />paylRpt Ot the share li:debtedlteaa, nor short Ihi taaiag OL aaY such addltlonal ElCUritY welts Or impwr thL seeurftY agrKRMat: bat acid <br />BawM Patty may fYSOrt to any tecurtiY !! testy !sssE yn the order it may deem proper, sad aotwttbstaadtng any colitttani setatrtty, 8aeend <br />Polity likiil tRfaif fb elpda of ataolt agsSest 174btor. <br />All rtglb of Securod Parry 6erauader salt faun to *he benefit of Ira surcesson and assigns; cad wl Promises sad doer of Debtor <br />akiFi triad hM Aetn. ekecutora or adtmRL4ntore or his or iU autrewora or aselsps_ If Lhlre tx atone than Otte Debtor, their ILMlltlaa hart <br />nidsr akw! M Joist sad seserLL <br />TytY agreement abort 4etrinte ethetise whoa it is signed by Debtor. <br /> <br />J <br /> <br /> <br />