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RIDER TO SECURITY AGREEMENT AND ~
FINANCING STATEMLNT
The Debtor hereby grants to the Secured Party a security
interest in the following described property (Terms not ~
otherwise defined herein shall have the meaning ascribed
thereto in that certain Construction and Commercial Loan
Agreement of even date herewith among Debtor, Secured Party and
certain other parties):
(a) All of the Debtor's Inventory, of whatever type or
description, wherever located and whether now owned or
hereafter acquired;
(b) All of the Debtor's Accounts, which include, but are
not limited to, all notes receivable, accounts receivable, and
all other forms of customer obligations now eaisting and which
may at any time hereafter come into eaistence;
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; (c) All of the Debtor's vehicles, including, without
~ limitation, those vAhicles set forth on Exhibit "B" attached :
~
; hereto and made a part hereof; Y
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~ (d) All of the Debtor's equipment, machinery, furniture,
~ fixtures and other items of personal property, whether now or
~ hereafter acquired, including, without limitation, those items
' set forth on Eahibit "C" attached hereto and made a part hereof;
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~ (e) The Debtor's business on an ongoing basis, together
with all goodwill of the business, and all of the Debtor's
customer lists, routes, price lists, patents, trademarks,
service marks, trade names, names of business, fictitious names
~ of any kind, trade secrets and other proprietary information
~ used in conjunction with the operation of any business or
~ endeavor located on the Property including the name "SOUTHERN
~ EAGLE DISTRIBUTING, INC.";
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~ (f) All of the Debtor's cash, certificates of deposit,
~ securities, instruments and general intangibles;
(g) All of the right, title and interest of the the Debtor
in and to all unearned premiums accrued, accruing or to accrue
under any and all insurance policies now or hereafter provided
- pursuant to the terms of insurance agreements, and all proce~ds
~ of sums payable for the loss of or damage to: (a) the
~ Collateral, (b) the Property or personal property; or (c)
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~ rents, revenues, income, profits or proceeds from service
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~ agreements or contracts, leases, franchises, concessions or
~ licenses of or on any part of the Property;
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~ (h) All proceeds, products, replacements, additions,
substitutions and accessions of and to all of the foregoing; and
$
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