|
�' � � �j^ 1 t� y`'�,� �
<br /> ".a � ��' ' :� �'� .i�;' nMV+`1':;�i ,c
<br /> �: • �r 'i' .c,.S,;.,,�r:,� ; t __
<br /> , 5. 4,{ -� „ . . �Y�M�� � _ ._. —
<br /> ,� . .-a!4� . „' r-w'�;•.'�'_ ��. „ �_. ' . .r �:y�.a i�ti��--�-s---- _ .���_
<br /> A t: ������~� ,�.::�i1t1t�Y6�,1�45�e'.^se.
<br /> ".,. yp.. ....r .,_.,.�.,.. �_ .
<br /> ''.WiU4-,.,.lP�9��. ' • i - — -"� *'i. ' .,,,�.6
<br /> .,�.,t' ", ,. ,:�—
<br /> _�a`. _.�_ : . w _ �...c i.?1"!:,�.r..�..-.�
<br /> --__-- - - ' . �._... _..., �
<br /> __... ... . .. �i;�. ...., �- __..
<br /> .,;•, .; . , • ., . ' 92 �,04369 -
<br /> �
<br /> . , naattian�v►ovi.�ons
<br /> '" D�bta w�n�n��nd Cownnus Il l Thss�KCept fa tho ascurity intaest prented Iwreby Oebtor Is,a to ihe��tont thet thia epreeniant
<br /> � statvs that the ColUteral io to be ecQufred sftM ttw d�te hareol,wiil ba.tha owner of theCol larrel iree tram my edve►ae Ilnn,aecuriry �_ _
<br /> �,, n Inbr�t w.rnaNr�ence;and thst D�bto►wi 11 dsf�nd th�Collat�rel epelnet ell alalms snd den+w+da ol all penona at eny timo claiming _
<br /> ths iam��or•wry Interest therein, 12)Thet no 1lnsncing stet�msnt coverfng the Coll�txal or eny proceeds tho►eol i s o�/ile in any public
<br /> ' of(le�and thet st th�roque�t of Socursd'Prty,Debta wfll �ofn with Secured Perty in execudng one or more tinencing stetements pursu• �ti--• -�4�'�JV:'-,-.'��
<br /> " ' ent to the Nelxasks Uni(orm Canmerclel Cade In Iorm satislsctav to Secured Party and will PaY the eost o( /lling euth financing st�ta�
<br /> � ,. �YT'�
<br /> ment,thia eocurity agreemont ond any cominuatlon or termineNon atatement, in all public offices wharever iiling le deemncl by Secured � '�",;��;:y;l,--.-
<br /> � �+ Pa►fy to 6s nec�ssary or dodreble; end i i Ihs Col lateral is etta;,ned ta�eal estats plor to the pwfectbn ol the secwfty fnteveat granted ��ry°=- ===
<br /> �gr..,n�_���___':::
<br /> hereby or it the Collateral includes crapa or oil, ges or mfnerals to be extrected or timbsr to be cut.Debta wlll. q1 d0t11511d O� SlCIlf6d —,=��y�'S:
<br /> PArty./umieh Secured Party with a discl aMnaror dlsclaimers or eubordinaUon agreement algned by all pereone havinp 6n intareat In the ���,:°,,._---- ' ' `-
<br /> real eet�te.dleclaiming w Rubordinating my Intere4t in the Collete�al which is prlor M ihe laterest oi Securod Party. 13)Not to sell. *�"�`r='•.""`"-'°'`�
<br /> -- — _"-. . vaneiur a di�µwb�i ifw��t 7�is:al.��.r �:c tha :..`rC C�ZLL�{�L 10 t�Lw�1u....�....�.�n,Nu►�rnntv where kept es ebove stated. wilhart ��'�:'_._-
<br /> � hµ� :��::..,� _ _ _
<br /> the prio�writtan conseot of the Secured Perty. (4) To pey ell texea end asseasmeMa o1 every nature which m�y be Ievied or asseased q'f'.�-:..���''."*'-
<br /> � •x��••_,
<br /> apeinet the Colleteral. IFI Not to pem+it «allow any edverse Han,security Intoreat a encunlxence whatsoewr upon the Collateral.And ����^�-'�"�
<br /> C:"'7'd_..�.it€�t�¢.:."��°
<br /> not to pe�mit the oeme to be attached or nplevined.(8) Thet the Collaterel Is in good condltion, and thet ho wfl i et hio own expense, ___,�__ ��_
<br /> kaep ihe oame In good condltion ax1(rorn Ilme to tNne, forthwith,repleee end repeir ell such pe►ts o1 the Colleterel as mey be txoken, ��_r�„�
<br /> warn out or demaged wiffiout al lowi�g eny Ilen ro bs creeted upan the Colleteral on eccount oi euch replac�t or repelrs,axl thet ihe �_
<br /> ..;-`�`v �-
<br /> S�cund Perty mey exemine end inspxt tlu Cdlsterel at any dme.wherover located. (7)That hs will et his own erpenae keep the Cal- +��r4n�;`.=
<br /> latual Inwnd In e campmy�etisfeetory ro S�cured Perty apelntt loea, es a iete,by th�k,collbian. fU�e�d�xtendsd coverape, ��--
<br /> PP►� n�.,�,.•--�
<br /> JwHh losa peyeblo to S�cured Party ec its Intenst may appeer, and wlll on dsmand de�tver seid pollci��t of i�wancs or furnieh proof of '�����_-,_
<br /> I '.d.�,.,•_i.=-- __---- -
<br /> �uch Inwrnnee to Secured Pnrty. (8)At i t�optlun Srcured Psrty mey procurs such insur�nca,dlocharp�taxw.Ilene ar 8ocurlty�ntmesta - �t, __
<br /> or ethw Mu-aMnbrancrs at�ny tNrN Inrl�d ar pl�ced on tM Collatorol end mey paY lor th� rep�i� ol eny d�nps a Injury to or lor the ����,:,;"=-
<br /> pnasrv�tton md melnf�nenc�al ths Cp11M�ral.Osbtar ap►e�a to relmburao SeauradPertyao dam�nd fa eny penncsnt or ax�iae h�curred ' � _ Yl_;;°c.-�,-
<br /> �� by Sacund Perty puramnt lo the loro{pinp nutl�a�retfon,Unti� such reimbiNasrnent,the arount ol nny euch p�n1,w�th interest at the ( ,(,,:t.w .
<br /> c�t�of 18 9L Per�nnum from d�t�of p�yment until rNmburament,�h�ll be dd�d to th�ind�btedn�uowed bY Debtor�nd sh�ll _
<br /> be acured by thl��gre�ment.(g)Th�t h�wtUnot ute ihe Coll�teral In vfal�tion of�ny applfcable�Utut�,regul�iionorordinmce snd if ; ' -_
<br /> • eny of ths Coll�terd {�motor v�hlcl�t tM srne wlll not b�nnted,used In rental servia nor In any spred or endur�nce contest.110) '
<br /> Debtor will p�y Seeurod Puty�ny and NI eosb�nd expan�et I�curred i�rocoveriny pouettbn of th�Colbttr�l�nd Incurnd in�nforoiny `�;`��� �_
<br /> . ,, . thl�neurlty���mmt,�nd th��N��II b�acund by thi�acurity apreemant. � '��=-.�
<br /> t:"_.
<br /> � •1�
<br /> Until D�hult Debtor may heve poe8eeaionoi Ihe Collate�al end use It in eny lawlul manner not Inconalste��t wllh this epreement and not `. =
<br /> incons{slent with�ny poliay of i�au�ncathonon, end Won daeult Securad Prty ahell hava the inmadl�te ripht to the poaseasfan ol ,�,..
<br /> ..��i.��
<br /> � �dilT�.i�'�'�s_._
<br /> � tho CollAtarBL ,r���,..�-_
<br /> m..�.�-��
<br /> .. �
<br /> - - _= — Orbtas Shalt Sa fn 4elaul!under this+�•��<<�Pa+�he happeniop of any o(the(ollowfng events or conditions: 11)default In tha P++Y^ ,�_'``F__---
<br /> meM o�perfo�mance of any obligation,covenent ar Habllity contained or retened to heraln or In eny note evidancinp the same: 121 any --- `
<br /> � werranty,representatton a stetement made or(urnfshed to Secured Party by or an behalf ot Debror praves to have been talse in any me� !'���`.�^�: _.
<br /> terlal�eepect whan mada or furnfshed; (3) any eve�it which r�sulta In ihe ncceleratlon a(Ihe maturfry of Ihe indebtedness oi Debtor to � • - � —
<br /> " others under any indenture,agree�rwmt or w�Wrtakfng: (,) losa,the16 demeae, destructlon sale or encumbrence to or ot eny ot ihe Cob � :' ''?���'`.
<br /> �W �••'" -._.
<br /> I lateral,or the making ot eny levy.selzuroo►ettachmant thereol nr the►eon;(6)death,diasolutlon, te�minetionof exlsteoce. insolvency, � . ��N._-
<br /> business failure.eppointment ot a receiver o}any part of the property o(,assigiment lor the bene({t of credlrors by,or ihe,camwnce� 1 . .t.:: '
<br /> , mant of sny procaedlop und�r any benkruptcy a inoolvancy lavw by or apeinst DobWr or any qW►Anta or wrary fa Debta. � " ,'.•:"--
<br /> ,'.-;7"�r�.
<br /> IUpon Suah Odault and at any time fhvreef ter,or If it deems lisell Insecure. Secured Party mey declere all Obligetlons secund herelry � ' � =w��N.—_
<br /> � immediately due and peYahle and shell hwa the remedies of a eecured parry under tlie Nebraske Uni(orm Camercial Code. Secured ( •�°, '
<br /> -:LTYiV1.-
<br /> Party may require Oebtor to assemble the Collateral a�d deliver or make It aveilable to Secured PerH at a place to be dealgnated by �; —__
<br /> � ' Secured Party whfch fs reasonebly convenlent to both partiea. Unless the Colleterel {a periaheble w threatens lo decline speedfly in . - _
<br /> value or is ot e type cuetanerily sold on e�ecognized merket. Secured Party wll�gfve Debtor reasoneb�e notke ol the Ume and plaee of
<br /> e n y p u b l l c e a l e i h e r e o f w o f t h e t i m e a f n r w h i c h e n Y p i v a t e s a l e ar a n y other Intended dl a positio�thereof ie�o ba mede. 7he require- `
<br /> ments ol reasonsfble notiCe shel l be met II such raUce fa malled,poetage prepald.�the addreos ot Oeblor tlwwn at the begi�ning of � _ __
<br /> th111 Aprewtwnt et teaat fiw deya bHora th� time of the cele or dlapositlon. ;
<br /> . � °_
<br /> � No walver by Secured Perty o( any deftidt shell operate as a walver of any other detwlt w o( the serne defeult on e luture occasion. ' . -,
<br /> The teking ot thfs securfty agreement Slull not welve or Impelr any other aecurity aeld Secured Parly may heve a hereaNerecquire lor
<br /> � the peyment of the ahove Indebtedn�u. mr ehel l tM tAking ot any such edtlltlonsl secwity welw a Impak thls security sgreementi � �+v�•'�R_
<br /> but seid Secured Farty mey resort ta any security N may heve In the ader It mey cbem proper�end �otwlthslMid inp any collateral seo►r �
<br /> ' rfty,Sacured Party ohell rotein fta Nqhtoof wtoif apalnst Debta. � �"�"�'�"T
<br /> _� � � All righta of 5ecured Party heraunder al�dl Inuro to the benef it of �ts successas and assigns: end al l pm�isas and duties ol Debtor �
<br /> ��"'� ahell bind his hefro,executors or edminl�tratora or his a Ita aucceseors or eaafgne. It there be more then ane Debta,their liabflities
<br /> b
<br /> har�under shdl bo Jol�t and wvaal•
<br /> ' Thfa eqreereent shell beCOme effectiva wMen It Is signed by Oebtor.
<br /> � .
<br /> - . � '
<br /> _ ,
<br /> �� �
<br /> �a .. 1
<br /> 1
<br /> I •
<br /> �
<br /> � 1
<br /> � � .
<br /> �
<br /> -- �= �
<br /> , . _ _ _ __ _
<br />
|