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DebLo~.~alt ke~. ~.~+s er;~~l.dr ~anes s!1 Collrte~l at locatioas ~prored Seese~ Putr ia writias. ~
5. Debwr shslt ~ot c~~et ~sLea a~f a~et s~e t~a~ d~at ~iYe~ aie~re ~st cLasae or reo~~nise t~e .
type of busi~a~a eadq Mdar wWe~ it ~oe~ ~wi~aN e:ee*t ~o~ pewt writte~ appeorat oi Secrrea Partr. Ii
sncb approwl is ai~ea. Debto~ ea~ea~eer tkat sll ioc~we~ts. inste~eats ad w~ew de¦~ded br Seca~d
Parq? shall be p~ane~ a~ 61ei at Debw~a espe~ss befoee srii cL~e ot s~a or bwi~eas e~titp occrn. ~
6. Debtor s`all p~r tl~e Glias ~ e~eco~a~ oo~b sf a~ ~bts ar iast~awta aecessary b perfecy eztesd, t
modifp, os ta~ai~a~e tl~e seeacitp i~terest a~ea~ea l~a~der, o deoa~ie~ bq Seerrea Paetf.
T. Debtor sra[! saia~ all Collate~d ia ~ool aoaditiow, p~7? P~'P~1 ~~iOC~ l~E~ats. a~ c6sases of
kind levied oe auessed tLa+o~, kee' e~n~t dt reat ~e o~ pre~ises wbere Cullateral 'u located. aad e~aiatwia
insnraace oo dl Collsteral a~iast ~i 4as+rls. i~ wcti a~oMa asi +?it~ wci oo~p+nie~ ~ See~red Pqtp
may demaad, all w~cb iaarea~ca polieiea tn be i~ tie rossessio~ oi Secored Paetp aad 1o eoataia a Leader s
Loss Papable Cla~se naeias Seeued Partp is a sauec satisEaeto~ ~o Secae~ed Paetr. Debto~ `ereby? aasi~s
to Secne+ed Paeq aef p~+oeeeds of sitcj policiea a~ sll ~eaiaed presi~s tkueos. sad aiathorises md
eanpowue Seate~ Partp w eolleet sse~ s~a aod to execote aad eadarae u Debtoe~s oave all prooEs of loss.
drafts, e6eeks aod asr ot6ee doct~e~ts aeceasae~ to acoompliati sack collectioas. and any persons or entities
makiag papseats to Secnred Paetp anda t6e te~ss of iLis Paragrap4 ore 6ereby relieved absolotelx irow aay
obligation to see to the applieation ot a~~ soms so paid. ~
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8. Debtor s6a11 be ia defanlt `~asder if Debtor fails to pedorm an~r of t6e lisbilities impoeed hueby or any i
other obliaation required bp t~e varioos ioste+~eats or papecs evidencina or secasina tbis loan, or if the fall ~
~ balance of t6e loan beeanas im~ediately parable dnder tLe tenos of enc6 i~strnments, eitber antomatically ~
or by declaratioa of tbe Secnred Party. Ia t6e event of aay defa~ly Set.ured Parqr may,. in ita own diacretion,
cnre ench defanlt aad. if it does so, any expeaditnres made for sac6 pnrpose shall be added to the principal
of ehe Note. ~
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9. in t6e event of default, Debtor s6a11 assemble and meke available all Collateral at aay plece designated
by S~en~d P~rcr. Debtor acknowledgea beiog advised of a constitatioaal ri~t to a conrt notece and hceriag ;
w detecmine whet6er, apoo deEanlt, thece is probable cause w anstain t6e validity of the Secured Party's ~
claim and whether th~ Secured Party ia entided to posseesion of the Collateral and being so advised, Debtor jF
hereby voluntarily gives np, waivea and sarrenders any rig6t to a notice and 6earing to determine whet6er [
tl~ere ie probable canae w snstain the validitp of Secnred Party's claim. Anr notices required puranaat to ~
enr state or local law a6a11 be deaaed reaaonable if mailed by Secnred Party to the persons,~en~itled thereto
at t6eir last known addresses at least ten dara prior to disposition of the Collatecal, and, in refeceace to a
private sale, need state oaly that Secnred Party iotends w negotiate anc6 a sale. Disposition of Collateral
shall be deemed commercially reasonable if made pntsnant to a pablic offering advertised at leaat twice in
a newspaper of general circnlation in the commneity rr6ere the Collateral is located or by a private sale ~
for a ean eqnal to or in exceae of the liqnidatios valae of t6e Colleterel as deteraiiaed by Secnred Party. ;
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~ 10. All righta conferred oo Secnred Party hereby are in additioa to those graated to it by any etate or
local lew or anr other law. Failure or repeated feilnre to enforce any ri~ta hereonder e6a11 not constitute
an eetoppel or waiver of Secnred Party's rig6ts to ezerciae snc6 rights accruing prior or aubsequent thereto. ~
Secnred Party ahall not be lieble for any loss to Collateral io ita poaseaeio6, aor shall anch loss dimiaish ~
the debt due, even if the loas ia canaed or contribnted to by Secnred Patty's negligeace. 4
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M IP[TNESS 1PHEREOF, .
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