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t . ADDZi101'UL ~01Ri~ONS i
O~hWb d D~M~f. A~ 100s Y W 1adlb~dnw flmdN ~tOOaia 10t D~: tUI dettOA U1! ODII~teftl ~p[ost 1A! CWaM Of ~11 OtD~f V~~" ~
aas: wW kaw ebe Uotlatuai hee hom ail ,e~uiv lntemt. or weer eAa„mee~nop, e~p1 te~ securia 1uM~eN• .oa Mill oot «~1 tr~ate~. I..n. or ae.r.iw ai.. -
Oor o[~y oi tA~ Oo1Llenl o~ up tsteral t6enls ~itsout tAe Dtia~ vrltta? ooa~eat ot tM 8~cvrW P~etf: lb) ~rW keeV tat OnU~fertl at ILe addrw ~d ~
abow untll th~ Sesw+d P~rb f~ aot1AW !s waltlu~ ot aqq elunp is ib 1oe~tba wltIIla tse St~t~ b~t tst DeE1or ~rlU oot s~ tAe tbilatenl ouWd~ tly ~tab
.ratiwt w.dae. ear.e~ ot ur e~e+~.a P~rv ••u~ .~s w. a«ar~a p~~ b.riw~ oc w e~Yi• ~ ee. nsOW.~s .aar... lros wN ~p~eltM+
~EoA: ud ~MI!y~~
t t~ S~e~urA P+ed ae Ifs ~sY b le~p~et t~ OolLtcr~J: (c) w kep tb~ O~llst~nl Is ~ood ooMitioa ~sd s~Wtr ~ed tiil nd ~w tD~
OoWOeral h~ rbTitba ot w ot toh S~evrlb ~t or W appltaWe Katute. e~esulatioa or ardl+w~ce or at w ot 1eau~sa lawviuL tM Gel-
w.r.r ca~ wm .~.c,~a .oaa Sa
`i..r~ ~a. s.a..a r.~tr su~.~s wa.?.da .oa ~ ao~. .n ma~°~. ~ aw .e.~w .sa ~
ne.ee~s ,~.~a?e.(
~.ua ae.r eo~omrob~e un w
~w~no~ otna. e+vw.aa e~s wn~, a«~+r~a r.r~s. ,oa s.~. «~u .enoe s.~.m.a p.etr wr aep? .a.ww.
~p4d fM Ooli~i~f; ~Ill Inw~r! tAt QoiL~tenl iplp~t'rWti 07 apy~ota[ yolidNafwao~obwWtA ~ql eaqoellaDls oe 1MS th~n 1• dV~ aotlos b ~M ~aa'M
P~rtl~) in aoMt~. leem ~od ~moumt tea vlt?~oe~p~~ s~WheOor~ b t!~ 8~c~tnd P~*V. aed at dec~urd ArV'~ ~~rW dNMe e~ poik7 or c~eripaM
at L~wa~ea tAae[nr b tie SeevrM Parb: (f) rlll Prrt~at t~ Oo11N~n1 or W Dut tA~r~o[ tras belet or b~easbnt ~a ~ocenloo b ot4es [oodf not corawl b7 tM
E~eurib (Q ~mle~s t4e Collatenl b rpccitkd iep~t~6 ~~s ~~tun. wW pnvenl th~ CoWterd or W Dut al the Gblithrel lros •~u»:
l~) !t t!» D~btar 1s ten d~,~t 1a1e la psliln= W tostaltmMl. wtll D~f in additba a lal~ c~r~e aot ~saedin~ S~ et t6~ ddbW~t l~taUm~st or wskl-
~r 1~ M~: ~ii~~y r.i~4~ ta .e~ ~~er~~~e.a o~ au. to~ ~a. oou.te..~ ~s. aeeta~ .~tu ~.we the seeurea p.ror.:febb wd~e uq..p~ea~ ~o b. soaa we.•
ao. .ea 1[ vK.uew b 1.:. Mill ddlrer t6~ orislofl e~Ritlnte to t0e ge~vred p~~ wAea It L teaired.
b~t~rM. (t) A4s ot Wt lailo~win~ eveaq or eooditloa~ aAall caostitu0e u? e~eat ot detault: (f) aoe-Q~7~m
t wben dw. M~ecekntlaa or Nber-
~Iw. al W Hrf~Omaet ee dAw pya~nt due b~ !De D~bter ueder tbis ~nt• (U) de[ault bp tbe DeOtor in Ve~[am1o~ W obUptlos. tum ae eooditloa d tsb
~eremeat: (W) datA ot Ineompcteqy o[ tM DeOWr. (h) Nlns ~ or qaiod ths Debtnr ot a petitlon in Eaokruplc~ tar ~+ori~datlaa uadu tM B~n1t?uOte~
Ad or !ar w arr~sjemeet uod~r ibe B~nlvuply Ad• matln~ ~ pnenl aWp?ywt b7 th~ Debtar toe t!~ 6sesNt ot aedltws: tM ~ppofnte~eet o[ ~ ieai~u or „
wda. t~or th. Dcaor er tor w o[ fee Deb~or..wts; or tee cerutunob Es e~ .s.tmt tee ueeeo~ ot .ey hma or tdw.~e«s ~~p or t~e w
dirotutba or IquW~tloa ot tM DeD~or (vi/ tA~ oeeurnaoe d+w ewnt da~afDed In lUl). lt~) or d th4 p~r~tnph- w?t~ ~ b~~oes~e er
~wnata or a?7y~e~ 11aD1~ far p~~swat a[ a~p IaAebtedn~s due Mramder: or (ali) uyteri+l ta1Nt~ !n seV awtilSatc. statemeaR ~+D~'~~~. ~b at ~ud~
a w~n. f~va4~d io eAe see~n.eP~t~D~ ar oo bea.u o! te. DeDWr er .e, indOr..r ur ~uar.nsor oran~ otee~ v+tr- u.ei. tor p~,la~aot ota~ ~b~. r~
want to or 4? eonneclian wltA tM 8eeurib At~t oe ot~eewY~ (faH~dlat warrantlr !n tAlt ~R~~t) snd laeludlnf W omLrfoe W dYeiow a~ ~ubM~etW.
eoetisVent o~ li~idated liabillrier oe up mterial adrar~e ebaa~e fa w t~eta di~eio~cd b7 W eerti~ate, statemm~ rePraeatatioa ~ ar audtt luroh6ed to
tA~ ~eae~ed ~art1r. • ` - ' c
~ tD) T4e Seeured P~rbm~ declare all o~ W O~t ot tAe ~eW~ to be lmmedlatetf due nltl?oat noNce upoo ffit h~ppeote~ at W r?~nt of d~
Lo~£ or H 9M aeeueM P~rV la [~d ta1W belieres t6~t the prorpett at ~men
t o[ ali or +n7 W~ ~ tbe IndeDtedne» or tbe DerMrmaoee o! tAe DeOtoe's oDllptbo~
~dq ~4 ~ a.as ou~er .peaoent ouw oe eere.nee ia el~t° Lei..cee the Dee~or .aa sae securea Par~_h Imwtr?e.
1Tnltacm ~Qoa4mereW
Code +nd W erent ot detault t~e 8eeured Puby t1~ vitA respecl to tbe CoUaterfl ahall be thwe ot a~ec~aM p~rt~ under tbe ?
W ot6er wpllaDle 4~ from Umee to time in e[hCt. '11~ Secured Pact7 ~Aalt aLo bave u?7 sdditiooal ri~4 pawted beeein and W
W oth~ ~peement oow or hue~tter ta eKect Eetwem t4e Debtor ~nd tLe Sceuea, P~et~, '
.
(d) Tse Debtae ~prees t6~t aq~ notice br tht Seeund Part~ ot tLe s~le or dispo~itiou ot ColLtenl or aeqr other lahnded aetba Dere~u~der. what6er
pre~Qpairt~~d, E~ th~ Uoltwm Oommerelal G~od~ o~ otberMbe. sh~p coottltnt~e erden~ondaLk notice W l6e Debtor it tbe notiee is mailedp~ reNLr or eertillM aW1. D~te
bo t~ ~Sec~eed Patt7 as~tee ~ddrus wUkD odkw shtil b~ ~iwe b t6e DeDtar. ~~t ot b W otAer addrew wAkA iDe DeW.oe haa spedsed in ~rrftt~
~ns edlectiOi ~Inaebtedo~a~, iaa~udi~ ~rcas~ooa0~e a~~ ineurree b~ We Seeured Pary tn eatordn= !b!s 9eeurf4 A~reemwR rralisins ~P~ w Oollatetal aod
tW~qr'~ tee w6elLer suit b brou~ht or not
1[beellue~. 7fie DcDtoe ~utaorlres tbe Seeured Part~ ~t tse DcDlor's e:pense b tik W eotke od tien, or an~r tlnandn~ ststement or sfate- "
mrnb rNattoj W the Oallateral (wlthout the DeMor'as~ns
twe ttkseon) which tLe Seeured Part7 deems apyeopriate, aad tbe Debtor appoinb tAe Savred P~rtr u
kh~ DeD1oe'~ atto*ae!-fo-t~N to ezeeute W n~eA'autiee. ~sL~t oe statemeats in the Debtor's name and to per[orm ali other aeb w~ the Seeured
pL'b dcems t~pyropriafe to peiteet and to oontinue per[ection ot t~6e Seeurit~ I~?terest.
(b) 1'he Debtor aut6odzes t4e Secured Part~ b oollect aod aPPb a[i~ the Indebtedne:s W relund o! Insur~nce premtums oc aep lnnaaoce peoeeeds '
DU~abie on aceo~mt Ot tAe la~ af Or dtena~e to an~ ol tbe Collatera! and ayyolnb tbe Seeured PvtJ as,the DebtarY atWrnt~-Lt-fact b Indorse aep eheck ae drtit r!p-
meatlo~ soeA v~~ oe retund.
(e) (1) M t~utber seeuritr the Debtor panb to tAe See~ved Partf a see~uib interat in all propert~ ot tbe Debfnr wAleA is or ms,l benafkr be in
~ee see~eea ~ar~. v~•+~+ ~n w~.~db ~a~ .v ~~es o.na ~ ~o e~ or?eabs ~ s~rea r,rb, eo a~ n~ewr• a~a ..im t~.o«e w.u a.nce ofw~*a.
the Se~vrcd Parb s~il bave the ~ame r1~6b as It ~as witA re~pee! to tAe CoBateral. f!U Without limitint anl othcr r1s6t o! the Sec~ned P~rb w0enever the $e-
n~red Pari~ !as the riWt to dedare aq~ Indc~tcdons to Ae tamcdistNp due and paYabk (vbether or oot 1t has so deelared). the Seeured Pa*l7 oW ~et ott apinst
!be Indabtedoee W moaie~ t6en owed Oo the DeDtac Dr the Seeured Put7 6+ W e~y~b~ wLet~er due ar not and tbe ~cured Put~ s~all be deemed to 6aw ezer-
cLed !b ri~At at aet o[[ immWlate~ ~t the tiroe its ri~ht to sncA eleetion acrn~es. c
aod tee Debbr sh~tartIIrrit6 upon denand ~ t~he ~Seeurcd p+r~7heie~mder Eut~tt~~
~7 ia d~oin~s s~o. t0. P~ W d n~cL dutias
(e) No delqr or omhdou b7 tbe Seeured PaeV fe eurdsin[ W~t 6ereuader or with respeet W W IadebtMne» s6a11 oper~fe ~s ~ wai~er d tAat
or ws otber r1~6R aod oo diWe ar Pertlal ezerelse oi aq7 ~+t sAali preetudt the See~aed Pa~ty irom ~ other ot further uercbe ot tbat ry~Et or U?e acerdse of
~7 otl~cr ri~ht ae reeoed~. 'lbe Seeaisd Part7 ~7 eure ~N dctault D7 tbe Debtor in aqr ~sonabk mw~ without waivins tbe detautt so ~vred aod wttAout wats-
~ll~be deee~d
~ohth~e.
ueat delault bp tl~e Debtot. AU ri~hb and iemedie~ a~ tbe Se~vred PartJ ~a~der thi~ qreement aod under t6e Unllotm Cammerd~l Cods
~ Tfie term 'Seeured Part~'~and Debtor" as u~ed in this sFeement lneludes the bdtx M~sooal reyreaentatlw, and aote~on or ~tdsar o! tho~e _
:
1
doos under ape
me
t
a~~11 e~~a 1o1~t
~nd~.
v~i ~~b ~R tbe ceim °nebeor tnMudi~ esen ot ctie neaeon .s .ev as au a1 thna ana uetr obll~a- ,
(h) 1'his a~temimt may not be naditlM or amendql nor shall W Pro~idoo ot 1t be wraivcd e~cayt bq ~ written io~a~t si~d b7 t6e Delnar and ~
b~ sa autAarlred ottlo~ o[ the Sec~uM Paet~.
• • • • • • • ~i ~
~y-- - ~
Con eas'~i~`~~ial or i
ra.ait,e r~l.~a. we nnae~saa .WS~t w the so+as t.na the propen~ ae~inea io n, .rim
tnthortV to take. dtAer ia lb o~vn mme or in the m~ne ot ise undersi~Cd, ~tt for ib own 6eaefit, aay w6ieh t6e underatteed eould tate Mrt !oe thb J
afdjemeat ~
?Ae uoderd~oed wur~nb t6at tLe toreaoini apeement is s ralid obli~ation oi boo~ flde p~veh~sets, tor the aawunt ~el forth• tlwt tee p~rchssa~s have
~h to malce tbe +~eement: that tAe a~eement aad all k,oomWeUrin~ at~nb and othv donmunts are Emulne aad are w~at tbe7 D~ W be; Uut all
w~wb a r~et oontalne~a m te are wr, tLat as the time ot eueeucim ot sne coneraec she ~waeRipoed haa sooa tiue w tee properi~ .m the rf~ne to transter unen-
tvmDered HNe to k: tEat t6e ~e~vrlb tnterest rehtocd tn tbe eontraet b a perteeted seeurib interest: ~nd tLat t~e u~d bas no knowledje oi arp laeb whkL
lmvdr the .aueitr at tee contr.et 7'ee ~mderstpxd wal.es au aanands am notices ot dc6utt ana cooxnts teaR .rithout nouce to the undexataKd. tne bs+p~ee miv
vltlwut impNrlni tbe widaslpied's 1LbUltf to the atijoee e=tend a41 tlme ot yarmmt to or compo~md or reiasq bl ~~tion of law or elherwtse. the Co1LLeta1
o~ W rl~tr ~Wod DeDtoe ot anf otber oDit~ata~r.
R'6e ap{~oee mau na ee bouna to wce ans .teps nccmar~ w~ber.~c .n~ ri~na uader we cono-.et or anr ~r•w+os •a~1s ~ aoevmene.
~p~ D~ D~~- ~7 ~ ttlp~ ~LaII be t~1[en D~ the uodudti~ed. .
Tbe imdnsi~oed ~aen tA~t !i aq~ ~uranb id thh a~ent prova to be idse. 1Le undKd~oed wtli. upon danmd a~ t6e aadsaee, at itr deetfoo.
e~~e~thr,aaatc+oml~rl~S~+w ~
tb~e.uo~d~dp~appari~ i~n
t~he ~ayh~below
~~e~
s~ne a~ds~e-~ ,nwa.?s u~en aoe uoder cee canv.ct. ~?be .safp~ec
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s~•=.~ wr~ a ~ d~ ~ ~~.~c .~a .e~ sn~ W~ ~ s~ u~ ..,u~ .~a ~ ~ww.~ m .«~~a.~
f~m! f~ b!L'Om! dlll. w~t~Oj iD~ ~ O/ b'7 ~Dd ijf!! ZO M11Z1 i ~!K!t ~P'ClmtOt ~~?ltt1 t1{ iDa ~ht ~k. tliltlDj. L1ilt i~~i. ~O ~b!
Kv~e tOb eootracf ~t ~ Wae upon demand atter a~V default bT Deb- aale b~ m b the Hant d i~rqtimmt sale contraets aod ot~er e~ttei prper.
tor.
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