§12A-9-207.

§12A-9-207.
   
   (1) A secured party must use reasonable care in the custody and
   preservation of collateral in his possession. In the case of an
   instrument or chattel paper reasonable care includes taking necessary
   steps to preserve rights against prior parties unless otherwise
   agreed.
   
   (2) Unless otherwise agreed, when collateral is in the secured party's
   possession
   
   (a) reasonable expenses (including the cost of any insurance and
   payment of taxes or other charges) incurred in the custody,
   preservation, use or operation of the collateral are chargeable to the
   debtor and are secured by the collateral;
   
   (b) the risk of accidental loss or damage is on the debtor to the
   extent of any deficiency in any effective insurance coverage;
   
   (c) the secured party may hold as additional security any increase or
   profits (except money) received from the collateral, but money so
   received, unless remitted to the debtor, shall be applied in reduction
   of the secured obligation;
   
   (d) the secured party must keep the collateral identifiable but
   fungible collateral may be commingled;
   
   (e) the secured party may repledge the collateral upon terms which do
   not impair the debtor's right to redeem it.
   
   (3) A secured party is liable for any loss caused by his failure to
   meet any obligation imposed by the preceding subsections but does not
   lose his security interest.
   
   (4) A secured party may use or operate the collateral for the purpose
   of preserving the collateral or its value or pursuant to the order of
   a court of appropriate jurisdiction or, except in the case of consumer
   goods, in the manner and to the extent provided in the security
   agreement.