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Home My WebLink About2738 of the Debtor payable to RAYMOND C. BELAND in the principal amount of Twenty Two Thousand Dollars ($22,000.00), 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 xnterest granted hereby, the Debtor is the owner of the Collateral free from any liens, security interest, encumbrance or other right, title and interest of 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 beginning of this Agreement and will not be removed from said address without the prior written conserit of Secured Party; (3) Debtor will not sell or offer to sell, transfer, lease, ~ pledge, assign or otherwise dispose of the Collateral, any i ! substitutions or accessions, or any interest therein, except ! I in tne regular, usual and ordinary course of Debtor's business, ~ ' and will not create or permit to exist any other security interest k ~ or other encumbrance upon the Collateral without the prior ~ ~ ~ written consent of Secured Party; (4) Debtor will maintain the ~ ~ Collateral in good condition and repair, wi~l 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 reasonable time or times; (5) Debtor will insure the Collateral y against risks of loss or damage by fire, theft, or other hazards, X? ~ in such amounts, under such policies, in such form and with :v - such companies as shall be satisfactory to Secured Party, which ~ 's': X~~ - 2- ~ z~o ~K~: z~;~ - ~a~~ ~ ~ . _ - _ . _ _ _ . ~ ~