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ADDITIONAL PIfOVISTONS DEBTOR WARRANTS AND COVENANTS: (1) That except for the-security interest granted hereby D"ebttir is, onto `the eltteat that this agreement elates that the Collateral is [o be acquired after the date hereof, wilt be, the ownerat-the Collateral-tree-hom say adverse lien, security interest or encumbrance; and that Debtor will defendthe..Collateral against allclsima sad demandaot all persons at any. tttne;~Ri7tpipoig, the same or any interest- therein. (2) That ao financing statement covering-the Coifatera,t-or'any proceeds theredf`ie!38~fi1e~ sanyDabUcoflice and chat a[ the-request of-Secured Party, Debtor will-join`-with 3enuted~;,ParC~,-:fa executing one or more 5nancing stateme'tits pursuant to the Nebraska Uniform- Commercial Codo in form ~satiefaefory to Secured Party sad will pay the coat of filing such flnaticfng statement, this security agreement and any continuation or.ferminatiosstate- ment, in ail public otHces wherever filing is deemed by Secured Party to be necessary or desirable; and if the Collateral fe attached- t0 real estate prior to the pertectiaa of the security interee4 granted hereby or if [he Collateral includes crops or oil, gas or minerals to be extracted or timber to be cut, Debtor will, on demand of Secured Party, furnish Secured Party with a disclaimer or dieclaitnera or subordtnaHOn agreement signed by all persona having an interest in the real estate, dtsclafming or aubordinatiag any interest fn the Collateral which is prior to the interest o[ Secured Party. (31 Noi to sell, transfer or dispose of the Collateral,-nor take the same Or attempt tp take the same tram the county where kept as above staked; without the prior written consent-ot the-Secured-Party. - t!} TO Pay all taxes and asaesamenta of every nature which may be levied or assessed against the Collateral. (6) Not to permit or allow any sdvSiraE lien; aec[irity fntereat or encumbrance whatsoever upon the Collateral, and not to permit the same to be attached or repleviaed. (6) That.:re Collateral is in good condition, and that he will at his own expense, xeeF the same in good conditidn andfrom time to time, [Orthwgth. replace and repair all each parts of the Collateral as may be broken, worn out or damaged without allowing any Ilea to be created upon the Collateral on account of such replacement ur repairs, and that the. Secured Party may examine and inspect the- Collateral at any time, wherever located. f i 1 That he will at his own expense keep the Collateral insured in a company satlefaetory to Secured Party against ]one, as appropriate, by theft. collision, fire and extended roverage, with loss payable to Secured Party as 1ta interest may appeaq and will on demand deliver said policies of insurance or furnish proof of such insurance to Secured Party. (B) At its optfoa Secured Party may procure such insurance, discharge taxes, Ilene or security interests or other encumbrances at any time levied or placed on the Colfateral and map pay for the repair o[ any damage or injury [o or Yor the_preservatfon and main- tenance of the Collateral. Ue6tor agrees to reimburse Secured Party on demand for any payment or ezpense incurred by Secured Party pursuant to the foregoing authorization. Until such reimbursement. -the amount oC any such payment, with interest from date .ot paymenL until reimbursement, shall be added to the indebtedness owed by -I)eDtor and shall be secured by this agreement. (9) That he wilt not use the Collateral in violation of any applicable statute, regniation or ordinance sad it any of the Collateral ie motor vehicles the same will not be rented, used in rental service nor in any speed orenduranee-- coatest. fl0y Debtor will pay Secured Party env and all costs and expenses incurred in recovering possession of the Collateral and incurred- in enforcing this security agreement, and the same shall be secured by thin security agreement. UNTIL DEFAULT Debtor may have possession oC the <'ollaterai and use i[ i^ any law7ul manner not inconsistent with [Wa~ agreement and not inennslstent with any policy of insurance thereon, and upon default Secured Party shall hacr_ the itnmedtate right to the possession of the Collateral. DEBTOR SHALL BE IN DEFAULT ender this agreement upon the happening of any of the following events or conditions; (1) default in the payment of performance of any obligation. covenant or liability contained or referred to herein or in any note evidencing the same; (2) any warranty, representation or statement made or furnished to Secured Party by or on behalf of Debtor proles to have been false in any material respect when made or furnished: (3) any even[ whisk results in the acceleration-ot the maturity of the indebtedness of Debtor to others undrr any_indentnre, agreement or undertaking; f4) lose, theft, damage, deatruc- tlon sale or encumbrance to or of any of the Collateral, or the making of anc levy, seizure or attachment [hereof or thereon: (6) death, dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any part of the p[•operty ot, assignment for the benefit of creditors by, br ffie commencement of any proceeding under any bankruptcy or insolvency laws b) or against Debtor or any guarantor or sorely for Debtor. UPON SUCH DEFAULT and at any time thereafter, or if it deems itself insecure, Secured Party luny declare xll Obligations secured hereby immediately due and payable and shall have the remedies of a secured party under the Nebraska Uniform Cow- mere43 Code. Secured Party may require Debtor to assemble [he Collateral and deliver or make it available to Secured Party at a place to be designated by Secured Party which is reasonably convenient to both parties. Unless the Collateral is perishable-or threatens to decline speedily in value or is of a type customarily sold o^ a recognized market, Secured Party .will give Debtor reasonable notice of the time and place of any Uublic sale thereof or of the time after which any private safe or any other intended disposition thereof is to be made. The requirements of reasonable notice shall to met if sack entice is malted, postage prepaid, to the address of Debtor shown at Cite beginning of this agreement at least five days before the time of the sale or disposition. - No waiver by Secured Party v[ any default shall operate as a waiver of any other default or of the same defaulf on a future oceaeioa. The taking of this security agreement shall not waive or impair any other security said Secured Party may have nr here- after acquire for the payment o[ the above indebtedness, nor shall the taking of any sunk addifional security waiv?- or impair this security agreement: but said Secured Yarty may resort to any' security it map have io the order it may deem proper, and notwith- standing any collateral security, Secured Party shall retain its rights of setoff against Debtor. All rights of Secured Party hereunder shalt inure to the benefit o[ ifs sueeeasare and assigns; and ail promises and duties of Debtor shall bind bin heirs, executors or adminiatraiors or his or Eta successors or assigns. if there be more than one Bebto4 their lbbitltiea hereunder shall be joint and several. This agreement shall become eQectfve when it to signed by Debtor. t •~~~: i ea c_~ ~, ~~ h : ~ ". -- y _~~ 1 { Y L ~ ~1 , ~ ~ i .~,`\ '~, .t_,_ ,~F~