26. Custody and preservation of collateral by a secured party

reasonable expenses, including the cost of insurance and payment of taxes or other charges incurred in obtaining and maintaining possession of the collateral and its preservation, shall be chargeable to the debtor and shall be secured by the collateral;

any risk, loss or damage, except if caused due to the negligence of the secured party, shall be on the debtor, to the extent of any deficiency in any insurance coverage;

the secured party may hold as additional security any increase or profits, except money received from the collateral, and any money so received unless remitted to the debtor, shall be applied forthwith in the reduction of the obligation secured; and

the secured party shall keep the collateral in a manner that it can be identifiable, however, fungible collateral may be co-mingled.

failure to meet any obligation imposed by subsection (1) or subsection (2), but shall not lose the security right in the collateral;

use of the collateral otherwise than as authorized by subsection (4).

in the manner and to the extent provided for in the security agreement;

for the purpose of preserving the collateral or its value; or

in accordance with any order made by a court.