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<br />ACORIONAL PROVISIC>N5 <br />51.--t) U 3 3? ~ <br />DERTC)R WARRANTS .4ND (^OVENANTS: (L } That except far the security }meret}t granted hereby Debtor iar otr ta.the <br />otttstt that this agreement states that the Collateral is to aogttired after the date hereof, will be, the owner oFthe (.o-Hnttital`ftes-6icat <br />any adverse lien. secvuity inttrest or enetrmhrance; acrd that Debtor will defend the Collateral sgainrt all eLtims slid ~rii/>~:of-~ <br />persons at any time claiming the carne or nny inttrest therein. (Z} That »o financing statgtnent covering the ColiotxalOr tayy. pap, - <br />cxeds thereof is art fik in any public afffce and that at the request of Secured Party, Debtor will 'pin with Secured,i?arty ~ <br />one or mare financing stntentents pursuant to the 4ehraska Uniform Commercial Code in form satisfactary ro Seed P>taty-sod <br />will pay the caul of filing sash financing statement, this r~cttrity agreetneat and any mr)t}nuation or terntinatlon mwtt, ut-.ail <br />public offices wherever filing is deemed by Secured party ea 6e necessarir tx desirable; acrd if the Collateral ii attaah~ to teal estate <br />poor to the pivfectian of the security interest granted herel>v ar if the Collateral itrchrdes crops or oil. gas ttr tnlrtsrait ro be extracted <br />nr timber ro he cut, Debtor x•tll, ur. detnami of Secured party, ftunish Secured Partv with a disclaimer or disclaimers ~ mbaadist- <br />anon a}~txrnent signed by all persons having an interest in the real estate, dfSClaitning or subordinating any interest in the <br />C'sa}lateral which is prmr to stir interest of Sectutd Partv. i3} Nat to all, transfer nr dispose of the C.ollaMral, nor take the acme of <br />attempt to take the same from the cYnmty where kept as shave stated, without ehe prior written consent. of the Sacueed party, <br />(41 To pay sit faxes acrd actessrrrents of every• natetre which msy be levied ar ac9essed against the Collatiral. (5} Not to permit <br />or alknv a»y adverse Nett. secttrih' irxterest ar eexnrmbrnnce whatsauwer upon the Collateral, and rsot ro pertnft the some -M be - <br />attached rn repMs•irxd. i 8 } That the C:oilateral is in good tYttadttian- and that he will ai his own ezperrtae keep the carne m <br />cvmdititm and fmm hrne to Ume, }+xthu~th. replace and repair all Bach parts nE lire ('ollatrrnl as may be broken, wom es~t oa ihim. <br />aged withart alkru+rng any lien to Fr created upon the CnE}atcral on atxmtnt of such replacement nr , acrd that the Setaaed- <br />Party rtwy examine and u)spn-t the ti)Itateral at any bme, wherever kx~ated -^l That he wilt at~osvn expense keep the <br />Collateral insured in a tmn ny SansfaetrKV to Se<Y Art :. +t.,nrt -1~~ ~- pry-l~t~ ~ ~~ ~ - - ~ ~ - - <br />'- - ~ver~sKc; ++~tui loss p.•tvah}e to tiecvrrd Yart)• as tts interest m.tv .appear, and .vtll an c~emand~dehvtr said lcip of imtuattee or <br />furnrsh pmaf tsf sctrlr ntstuanae ro Stcmtrerl party- (Si At its option Serurrtt party may Prtrr~tre strch insrxwrce, dlsehatgp trloet, <br />bens rn seY~~ity }mcrests .x rxher rncurslxranm at anv time Muted or placid art ehe Cnllatrrat and asst PpY far ~ ~ ant <br />damage ar inj:uy to ar far stir prrsrrvattmt and marntmance tr( the t :)}}atrra}. Drlrtur rgrnes to reitnbttru Secured Fatty as dentasd <br />far any pavmertt rn expcn.se fr.<vrral 6v Srstued Farh~ prtnwmt to the hxrgain}Z aulla)r)z:rttart. ('nail such )'eimbttrsetttettt; the ataromt <br />of anv such paatnent, wyth )ntrrtst at the rate of <}g }xr annum ttr)m date of pas mrnt until rtvnbursernent, shall be added ro the <br />irrdebted¢teas rrarrtf by Ixbtrn and s}ta}} },e s.x•r.rxsl 1)v stirs agreement e9s That lee wdl not use the Collateral io violation oil s¢g <br />applieabk statute, rr{tulntn)n rx ardreunrr rzul :f any of the Callatrra# tS motor vrhtcMs the slime will not be rented, usetf In rmttal <br />service not itr any rptaxf rn ritdurantt crmtrst. + if7} t)ebtar will pav tirrt)red Pam- any acrd alt costa and fectttt'ed iq <br />rrzan•trtng psarnsran td rise C:c)liatrral and mcutrsd ur rnfornno stirs secttnty agreement. and the same shsllsectved by tha <br />tel-1lritr &grElment. <br />C`NTLL. D£F.41'I.T Llt'lrtex mat last f><)s±essxxt „} zlu (. ~llaferai arv~i vse tt u, seer lawful manner trot }ncrossisteM wtth tleb <br />nRreen)ent semi rear trrcvn>stsixt)t wsth ant pnlu•+_~ {,t rnsur.a)xr ther~)rf- and r,p,m drfsu'rt Set-aced Party shall have the }mmedia6s <br />right to the passeSSnxt of iht t'ullatrral. <br />L7Et1TClN SHALL HE f3' IJF,F.ICLT urulrr t}us ayrerta)rnt upon t#u- &ap~rr,)urit at anv a=i tf)e faftmving events or cruxlitfortt; <br />(! t tMfauk fn t~ fr>vm.-nt rr# perirarrsxrtrr .rt anv f.i.hµ:.t)on. :+ -rnxint :=e ha.nf,ts {~.ntamcd or rrferrrd to herein ar m snY tronB <br />rmlencmx the same. : )f «nv warrants, reprexuratntr) =)r sfatemrnr rnarb+ :r f.tzntsl)tKi to ~rtlued Party by tx on behalf d <br />tletttrn pros-rs to bare e,rert !a}ar ur any :natrroi t«-+apr<x svtten rnadr or h)rr::c!)r..l. 1 ans runt whtclt rrsuhs m the sccelenstiast <br />of tine rnattrrth ul the tnttrf#rdrecss :at (~r}rtz)t w others ,uxcirr any' tr,Yirzuurr, a}trre:rrr•nz ,rt undertaking; A's kris, theft, dama~, <br />dertructtan, sak r eraxunbrancr ±cr +r r,t anv rd stir {'aSisttra3. .)r ttn• ntaknett {,} aux #rs-,, srszure or a3tnclrtrtertl thereof or thtrae- <br />rnt. ~.ZI death. drssr.:lutNm trrrn.i.JkWs4l .•t Y YLPn'r, ar)Nr}S-cleft- ~ "YS tar} 1p}N)nrtF:)frf! t } a rrt:eFVer nl airy part of tfM <br />v af, a-ss)gmm~rt 1lx t!te }xlutrt ni nrd t- rs k y..,r ttx c.)rnmrrrl.r arrt .n ,1.~ prwrrdrug nndtr atty barrkruptcv w wsoh=ertcy <br />~i {)r agaurst Dkbtcx ur anv #:uararrEs*r ,a ;;.nets t?:s LTCbtur. <br />l.'fY>V SL'C'Ff S)F.f'tt:L'T .caul .st acv t)rrxr the-rr.~trr, r~ ff It .~.rrrts )ts.•}f mscl±xze, tiavred Party rosy declare all Obiq}- <br />atxxss stcuttd herrbs lrnzxxritazr#r dttr ar,xi pavabk nr)=i }syi} }`3sr t}-w r ~r~ r.fa sr{,aretl }>stiy ;unite the 'veluaska Unihxm <br />C:onmseretaf L ixk '+rc,u'rsl fatty {less rr.ttwe Lac btx hr r.ssrnt hie t}u .. <:#;attr.l4 altt dr#ts•z =)r rzlai+r- zt available a Secured party <br />at a place rt far dearytnatrti hs tiea,rrrd Party ,r}l)..h n lrassnsabh rnsr:nr:u to }loth part:rs C'nlrss stir Gallateral is perishable a <br />threstens to tieclmr s uearftfs :u solar r :s „} a t:lre .=tstr~l)arliy s.,td rl ., ri ~: _>Y .-.ark ;. Sri-tuEd Party will ~~rlve L?ebtsrr <br />reaYtasnblr rxYtrcr at t~vr t)nrr xrxl pta ti anv }•ubb. sale tl)exrr,t •a t t#)r f •nr , to wh)s1) ar;v })ovate Sale or any other irtertded <br />diapsrx:f:ari thenrf -s t,r }+e nr.tdr Tau e.~c~.xurrrtenla ~,f rrgaxzab#r n=Rre.~ aftrt? he ores r1 c.K.•h n!rtrct iz mailed. poshgc pte~patd, W <br />the ndtlnxs ref Llcbtca sln)sc~t rl tht t)etturmnq t*f t}us atirrrzflrru at k••ast }ivr days xtrxc list tune art tilt sale rn disposftitur. <br />No watve;r bs Sea-snrd Puts of my defauh sfuil c~cnte as a w-sever to a):r- ot}r default Ur of the same de{suit un a suttee <br />accsttK?n, Tlte^ taking of this 3rSttrrtv ay~TrrrasFSrt shall t:or wane or , npxu a,ry at}ce~r sec,.trity v9d Sec-tued Party may have nr here <br />attrrc ac~uvt fc+s stir pavnrent t)t the atrrsve ;ruklxedrtta€.) x shah serer iaku;g of snv sr,n-ft axiditit)na} security waive ar imprir this <br />soctutty° agrererrerti, IrW said Secured Partv nut restrrt to any seaunts a l:.av :lac-r m tree «lyder at :nay deem proper, attd natsvitb- <br />stasding nor callatrral stxztrih, St+cureci Party shall retain :ts rat~rxzs of Yett<Ni utta:nsi l;rlnnr. <br />,411 »}thts ul Secttlrcd Parts 4tereu»der shag inner tv the fretreirt ct its sacrrssors sod assit{ns: and all promises and dirties <br />of Iklstlu shall Lind his hares, CYrlYft41r1 is adnsinrstrate)rs {,k tics :~=t ;±s s+xrassars ur assigru. }f tlrete he mare than one Debtor, <br />they lia#iGtirs hsacursder shall 1)e Kant and several. <br />This aunt shall bccsarle rfftc<rrc wlstus tt is srgned l,y 1~ebtra. ,;~ } -„~ Y,. rt <br />.. h vl <br />'f.!+ili ~licEl~. 1~ ~t~. <br /> <br /> <br />