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Home My WebLink About2732 The security interest in th~ Collateral is granted to secure the payment of the principal-and interest on and all obligations under an Installment Note dated February~_, 1973, of the Debtor payable to RAYMOND C. BELAND in the principal amount of Forty Five Thousand Dollars ($45,000.00), and any renewals or extensions thereof in whole or in part, and also including all other obligations of the Debtor to the Secured Party, his successors and assigns, whether direct or indirect, absolute or contingent, due "or to become due, whether now existing or hereafter arising. ~Debtor Warrants and Agrees: (1) Except for the security interest granted hereby, the Debtor is the o~vner of tlie Collateral free from any liens, security interest, encumbrance or other right, title and interest any other person, firm or corporation; and Debtor will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein; (2) the Collateral and books and records relating to or evidencing the Collateral are used or bought for use, and will be used, primarily in the conduct of , Debtor's business and will be kept at the address shown at the E beginning of this Agreement and will not be removed from said ! ; address without the prior written consent of Secured Party; 4 $ (3) Debtor will not sell or offer to sell, transfer, lease, ~ ~ = pledge, assign or otherwise dispose of the Collateral, any 3 ; ~ substitutions or accessions, or any interest therein, except ~ ~ in the regular, usual and ordinary course of Debtor's business, ~ and will not create or permit to exist any other security interest or other encumbrance upon ttie Collateral without the ~ prior written consent of Secured Party; (4) Debtor will maintain ~ ~ tne Collateral in good condition and repair, will not waste or destroy the Collateral or any part thereof, and will permit ; Secured Party to inspect and examine the Collateral and books ~ and records relating to or evidencing the Collateral at any s3 ~ reasonal~le time or times; (5) Debtor will insure the Collateral z~ )~j F~ Ys T„ ~ - 2 ' 4 R BUOK t'~ ~.1(A ~ . ~ ~ . _ _ ;~,i~ _~:;-s, ~ _ . . , _ _ ~ _ _ ~1.