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F'urchasel' fuKher watr~nt~ at?d Covenu?b: • :
6. The atatements and representations made by the Purch~uer herein aad signed by Purchaser an true. Purch~ser wlll imme-
~9iately notity 3eller or assignee In wriW?a ot sny change in or discontinuance ot Purchaser'~ plaoe ot residerue or place os plata at
bustness whichever ia or ere set fortb in eaid atatemen~
T. No Mancing etstement covering the Collatersl b on We In any publlo omee. and st reque~t oi SeUer, Pnrchaser a?111 jotn wtth
s~•tter !n executing one or more ttnancing statements purauant to tAe Uniforn? Commercial Qod~~eob tory to 8eller and wW
pay the cost of nling the aame in aU puWic o~cea wherever 81ing b deetned neceaasrY Y
g, purchaser wiL not aeU or otia to sell or otheswiae trsnsfcr oe' ~cumber the Co11s~~1 or any lnterest therein witAout written
consent ot SeUer; will keep the Collateral 1n good order sud repaic and wW zwt ~aste or deatroy the Oellatesal.
g, purctieser adm[ta, upon exsmination, that the (7oUatetal is :s rePresente~d bY 3eller and acknowledges acceptance and delivery
chAreot oomplete with attachmente and equipment in good oonditlon ~ud rePsir• Shcu maY aumine snd inspect the Oollaterai st at?,y
cimc, wherever located. .
10. 3eller may correct pstent errors heseia and in the note.
11. Aqy notice to Purchaser ahW be auAictently given when mailed to Puncbaser's addreas atated above.
12. Purchaaer wW keep the Oolisteral insured at ali times agatnst loss b~? Sre and/or otAer t~asards ooncerntng which. 1n the
es satistsctory Lo the Seller and in
judgment of the Seller. ituurance protection is reasonably neoeaearY. ia a oomp~ny or oompani
amounta su~cient to protect Seller against loas or daaaage to satd Collateral. tbat iuch policy or poli ~ ~inwtancet~the 8ellervered
to the Seller, together arith loas psyable clauaea in favor of the 3dler as ib interad msy app~r. rY
13. Upon the AappeNnB oi aay oi the following eveab or oonditians. name~?: (I) ddwlt in the payment or pertormance of any -
ot ihe Obligations or' oi any oovenant or 11abWty contained or refe=red to h~c~eht or in aay note evid~cing any o! the Obligatioas;
i I I) any warranty, npresentation or ststement made or fnrnished to 3eller br or oa bebalt d Purcbaxr ia oonnection with tlds agree-
ment or to induce Sellet to make s losn to Purcttsser pmvi~?8 Lo have becn false ia any materW risPect when mLde or furnished: (III)
loss. theft, aubetat?tial daaiage. destruction. aale or encumbrance to or of aay oi tbe (7ollateral. or the making of any levy. seiz~lre or
atcachment thereoi or thereon• (IV) deatb. dissoluti~n. termination of ~zistenc~ iaalvency. businees iWure~ ~PP°intment oi a receiver
of any part of the property of. sssignment for tt~e beneSt of creditors by. or t~e oointaencemeat ot any proceeding under any bank•
ruptcy or insolvency Isws by or agsinst. Purebaser or enY Suar~?tor or s~uety for Puir~sser: theteupon, or at any ~ time thereafter
isuch default not Rsving previouslY been cured): (V) or if Sell~ deans itseli i~aseco~'ed. Se11er at iL optioa may declare a11 ot the
Obtigationa to be lmmediately due and payable a~ aball then 1~sve tDe remedies of ~ aeller under the lsw. including. without lunita-
Lion thereW. the right to take poseession oi the Collateral. and for tl~at parpo~se 3eIIer may. so far as Purchaser can Sive authority
therefor, enter upon any preadses on wtilch the Oollateral or any part thereot mV be situated and remove the same theretrom- Sellu
rasy requln Purcbaser to make the Collateral available to Seller at a place to be designsted by Seller which is reesonably convenleat
to both parties. 3eller will give Purchaaer at leaat Sve days' prlor wrlttea notice of tbe Wne and place of aay Public sale thereof or
oi the time after wMch anY private sale or any other intended disposition thereof ~s to be made. and at any such public or private
sale Seller mty purchase the GbUsteral. ~
14. This agreement and the eecurity interest in the ~ollsteral crested hereby sh~ll Lerminate when the ObHgations have been psid
in fuil. No waiver by Seller of any detault aLall be, effective unl~s in writ~nS nor oP°rat~ ~s •~~?er ot any othe~' default or of the
same defeult on s future occaaton. Seller ia auWorized to 811 in any bLnlc spaces herein and to dste this agreement approprle?tely
A:1 rights of Seller hereunder ahall inure Lo the bene8t ot the•heira. ezecuLOrs. administr~?tors. succea~ors and sasigns oi Seller; and W
obligationa of Purct~aser adall bind the heirs. executors. sdmWatratora. swx~sors aad a~gn~ °f ~~r. u there be n?ore thaa
or.e Purci~aaer. their obligations hereunder ehall be joint and severaL T6is Agrzcment shall be deemed to be binding on the Puerhaeer
npon a~cing his or its signature but shall not beoome s completed oontrsct until. signed also by the Seller• 17~ia Agreement sLail be
construed according to the ~aM? of the State ot OWo.
15. It is understood wd agreed thst thie instrnment and the prnmia~oeey note aecuted he~?ith msy be aasigned to a third party.
L'pon notice oi such assignmes?t. Purchsser. agreea to make all payments at tbe o~ce of the named aasignee and Purchaaer acknowl-
c.~ges that 3eller is not an aBent of auch assignee for any pur~wse- P~u~cLaser he~bY s8re~ °~S~~ent sball be free of
any and all defenses which Purchsser may have againet Sellez and Purcbaser agreea to aetUe all claims againat Seller dlrectly w~~th
Selier and not to set up ai?y such claim in anY aciio~? brought by aasiSnee- ~
16. This Secur~ty Agteement rnntains the entire agreemeat betweea the part~es. and ~o 0~1 ~ment ahall be binding. ~
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~x~~~ , Col umbu~s~h i ~43213
For value teceived. the underaigned dces hereby sell, assiSn. transfu• aad set over uato D AB ACCEPTANCE CO.. its ~
successora and assigns, all oi its right, tltle and interest in and to the wtthin secuTitY agree°lent, tbe amounts due and to become due
~i thereunder and to the Collateral therein deacriDed. hereby graating fu11 Powe~r to the s~d a~i8°ee. either in the assignee's own name or
in the name of the underaigaed. to take all such legal or otDer proceeduigs as the undersiSi?ed mi8ht have taken ezcept for t1?is asffignmen~
~ The undersigned warrants tbat thQ witbin instrument and the note secured thereDy ase genuine and in all respecte what they purr
~ port to be• that all statements oontained therein art true: that the within security interest is the Srst and beat lien upon the Collateral
described therein: Lhat there.ass po d~, oounterc~qims. or set-offs thereto that aII parties to the foregoing instrua?ent have ca-
pacity to contract, and tt~ett tlf~ '~t~ed~ 1~as no lmowledge of any facts vvLich impai; the validity or value of either the said note
~ o r the withiri eecurity agr~lriEUt. <
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The undereigned wa~t'sAts ct~-a~a note ~na ~~ty ~me°c ~°"t or a bona Lde aale made in compliance with the lsw
: rom the undersigned to tAt~~ `s~~ m~e agreement for the amount therein, tha Collateral deacribed ihereirt hae beeq? ac-
cepted by tt?e Purchaeer.. tlf8t the dowA ~Lymeat was made by the Purchaser ia casl~. unless otherwise apeciflcally stated in the agree-
µ
ment, and_that the caeh ent . iaid a$reement haa been n~ived andlor that the allowance given for the trade-in is in
u,e ~annc p ia ~ ~ ; 17th - December . 78 :
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State o~ ~ ~t- . ----....nay or.------• . i~....--
.:.~f, . . nacea cn~ - - -
County of - " , ~ Ebco__Ma facturir~:.Company _ _
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Th i s.a v Day _ o , i 9'f -j--------------------~-~-~---------~ -
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p~.~,,~~ - `T`~, L.P. Benua, Pres.
~
Notary Pu ~c _
~ DEPENDABLE ACCEPTANCE CO.
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~ n~COR~'
~ Box 18150 Cowwaus• OHio. 432/9
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