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PurebYe~ ltilrfbsr• il?irwlt/ anQ 00~?~naeit~: . • ; _ - . -
6. The ~tate~ner~t~ ~and npre~e.ntatbiu made by the Purcba~er bereln at~d dgne~i by P~u+cha~er are ttue. Pu:rhYer wW lmme-
dlately notit~r 8eller or aasi~nee ia ~rsitln~ ot any change in or dlsconttnuancs ot-Purcba~er'~ pUce o! reddence or place os pi~e~s o[ •
buaines~ wbichever L or at+e ~et lortli !n qid ~t~temeni ~
xo saandnt .c.cemwc tl~e Qoll.teral i~ eti ele-~i aqf piibao omce. -ana ac ~tequed o!' 8dte~r Pa~naser".:t~ ~in wi~
Seller 1n e~cecuttng one or morec~ ~tatement, pussuaat to the Udform Gbmmercial Qode. 1n torm uUdutosy to $rUer ~ad w111
pay the oo~t o[ ~lag the wne ia aU public olDce~ v?herever Slin~ b deaned ~cewry ot dedr~bb bq Shcee. :
8. Purc2u~er will not seD or oQer to sell or otheswLe tsansfer or encumber tlie Qollateral or ~ay lnterat therein without r?rittea :
consent ot Shcer: wW kcep tl~s Ooll~tcri?i in good orQer aud repair aq¢ wW not warte oe de~te±oy the Dollateral. '
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9. Purcharer admita. upon examination. that the 'OoUateril L~ ss repreaented Dr~Seller and ackrawledgea accepiance and delivery '
thereot oornplete with attachments aud equipmeat in good oonditbn at~d repetr. BeUer m~}? e~tamine sud inspect the Dollataral at asty •
time, vvhet+ever loc~ted.
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10. Seller msy cosreck nateat erron bentn and W the note. s
11. A~ notiCe to P1a+c~i~er aball be sltaldeAtly gtveA Wbtl! mailed to Plitcba~er's addi+ea~ ~tated sbova s
12. rurcha.er ww, keap t1,e c~unateral lnsuna ac au tiaica sgatn.c loss bp are aania/or othee nasa:a. ooncerning vvbccn, m the
judgment ot the Seller. inqua~ps protecUon b reasonably neoeaesry. W a oanpaqy or oompanies ~ati~tactor~ to the Seller and in
amounb ~mt to Pr~t ,8s11ee agatnat lwr or damage to esW Collateral. tLst wch poUcy or polide~ of insunace wlll be dellvered
to the Seller. togeth~ with lon payable clsuses in isvor of the Seller as ib interat m~ appear. in form pUdactor~? to tbe Shcer. ,
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13. Upon tbe happeo~ of any ot tbe follov~ring evenb or oonditioas, namely: (T) ddsnit 1n thspa
yment or peslormaace ot any
of the Oblig~tions ot ot a~q oorenaat or liabllity c~o~nWned or referred to berefa or !a any note evid~?cing aar oi Uu Oblisation~; -
( II ) any vrsrrauty, tepr~tapo~ ~ atate~nent made or furnished to 8eller by or oa bebalt ot Purcba~er fa oonnectlon with tbf~ agree-
ment or Lo iaduce 8eller to aoalce a lwn to Purcba~er proving to h~ve been lalse in any raaterial respect arben made or furnfahed:. (III)
iose. theft, wbstantial damaae, deatr~etion. sate or encumbrance to or ot aay ot tbe (7o11atenl. or the maktna ot auy levy.' ~eisucs or t
attachmmt tbereoi or Nereoa: (IV) deatb. dia~olut3oa. term[aatbn oi ezLttence. inwhreacy. busines~ i~iinre~ appofntmmt of a raxtver
of any part ot tbe p~e~. aasignmmt for tbe beae8t ot creditor~ by. or the oommenoement oi aay proceeding under aay b~ak-
npicy or insolveacp Iriv~ or P~nchs~er or any gu+uaator or nmty for Purcba~er; tl~upon. or at aay time thereaRez
(auch default rat Latln~ be~n cured); (V) or ii Seller deems it~elt in~scored. 8dler at ib optioa a~y dcclare W a~ the '
obugscton. co be m~nediawy aue aae payable aqd ; abau thea n.ve cne remeatea o! a.euer tmaar cl~e Isw. isx~audbg. wccbait limia-
ttoz theseto. tbs ri~t to talce podendoa oi tbe Cblltteral, and i~ that purpo~e Seilez mty. ~o far a~ Purcha~er eaa gtv~s antboe[t~
therefor, enter nP~ +1LY` D~tbes oa which the (7ollateral or aqy part thereoi ~ be altuated ~nd nai?ove the same thesetrom. $dler .
may reqWre Purebaier to make the (7ollsteral svallable to Seller at a place to De dedgnated by Seller wfiich b sea~onawy oonvea[ent
to both partie~. Seller wW gfve Purcba~er at least sve days' pdo: wrtttea aotice of tbs time aad place o! aup pubuc nle tbereof or ~
ot the tUae atter which aay prlvate ~ale or sqy other intended diipodtion tlureof i~ to be made, aad st any such public or privste
ssle Seller mq? purrba~s the Ooll~teral. ~ :
14. Tb1s a~e+eement aad ths ~ec~u[ty iatereat in tbe (7ollatsral crested hereby abW terrmfaate w~n the Obllg~tion~ have beea paid
in tull. No waiver by Seller of sny default shell be eQective unles~ in writiug aor opsrste a~ t wdver ot aqy otha~ d~tault or al the
same deiwlt an s fuhu+e occadoa Seller L authoris~ed to Sll in aqy blank ~pacw herda aad to date thts a$eeement sPPs'oP~Y-
All righta oi $eller 1ia+enMer ahall innre to Uu beneflt ot the Leirs, esecutors. a+dministrators, a~ut~eaon and ataigns of $ellet: aad all
obligaUoAS e[ Purchiaer ih111 bind tbe heits. executors. adrninisLrators. auCCwon aad assigns of PurCbaseT. It thete be morE thaR
one Pu:r.ha~er~ their obligatioas hereuades aha11 be iolnt and eeveraL This Agreement ahall be deemed to be binding on~the Purrba~er
Uo~n.9trued~aeooMing to tLe~t t6e 8taie oi beoome a corapleted oontract until signed aUo bq the Sellet. 17~is Itgr wt sbsII be
15. It b understood aad agreed tttiat tbls in~truraent and tl~e promissory note esecuted herewith msq be aasigned to a thirQ party. -
L pon notta o~ wch aedgnmmt, Purr.haaer agrees to make a11 payments at the omce oi the naraed ami~nes aad Purch~ser aclawwl-
edgea tl~st•BNkrt ts tat an ag~es~! of sneh assignee for ar~ Purpo~e. -Purchaser hareby agrees tlut such au~ament ahall be free of
any and W detense~ wh~h Purcbases raay Asve against Seller aad Purchaeer agre~ to aettle all clafms against 8eller directiy wtth ,
Seller and not to ~et up at~y such Cla3m ta aay acUoa brnught by saslgnee. i
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' 16_ 7Lfs Securlty A6reement contatns the entire agreement betwea? the parttea. and no oral aareement ahaII be binding. .
, For value rec:eived, the undes~aigaed does hereby ~e11,~ asslgn; tianiter~ OX 94 ~ COlu~1l s ~}1~ O 43213
aad se over unto DEPENDA~I.E AGCBPTANCE CO.. ib
, eucceseors aad as~g~, W of its rigbt, uve and interest 1n and to the wit~in security agreement. the amounta due and to become due
; thereunder aad to tLe OoUaLeral thuein describcd. ha+eby 6ranting f~ill power t~ the sald ia~dgnee, either ln the~
ee'a own name or -
~n the naane oi the underdgned. to tske all such legal or other proceedings a~ the uaderaigned might Lave takcn e~ccept for thls a~sigament
The undersigned warcanb tbst the witbin instrument and tAe note secured thereby are genuine and in all nspects wl~st the
port to be; tbat all ~tatemeab oontaiued tbenln sre true; ttwt the wiWin secudty tntese~t !s the Srat and beat lien upon the Coll
tpecal
c±escribed thenin; tAst then are no defenaes. oounterclaima, or set-oQs thereto that all parUes to tpe foregoing iudrument Lave cs-
pxcity to contnet, and tbat the nnderslgned haa no knowiedge o! any fut~ wh[ch impafr ths valldity o-i Vilue oi dther the satd note
G* L}l@ N11LI1~Il /!CUl~~j~ igTC![i1CIlL. ~
The unAerdgned aro t tbe asid note and securlty agreerr?ent arise out o! s'bons llde sale made. fn compliance arfth the law ;
from the undersigned ' W~er named in tbe agreement for the amount therein, the Collateral deacdbed therein has been ~c• ;
cepted b~ Lbe Purc • tk? Pa3'ment was made by the Purchaser in caab. unlen otherwi~e spxiscally stdted !n ths agree- ~
ment, aad tliat tbe Y aated in said agreement haa been received and/or that tbe allowance given tor the trade-in is !n `
the aafrnn?t p tC • `
Sta te of ~ ' " ' • ~
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~ountY ~o _ - ~ - Ebco. ~Y - ~
Manu actur
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