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S. Promptl% to notin d Pam of am chan_e to the location of the Cc�" al <br />6. To pay all taxes and Oses.sments of every nature which may be ievted o r sled against the Collateral. <br />7. Not to permit or allow any adverse lien. security interest or encumbrance whatsoever upon the Collateral and not to <br />permit the same to be attached or repievtned. <br />S. That the Collateral is in eood condition. and that he wili. at his own expense. keep the same in good condition and <br />from time to time. forthwith. replace and repair all such pans of the Collateral as may be broken. wom out. or damaged without <br />allowing any lien to be created upon the Collateral on account of such replacement or repairs. and that the Secured Pam' may <br />examine and inspect the Collateral at any time, wherever located. <br />9. That he will not use the Collateral in violation of any applicable statutes. regulations or ordinances. <br />10. The Debtor will keep the Collateral at all times insured against risks of loss or damage by fire (including so- <br />called extended coverage). theft and such other casualties as the Secured Party may reasonably require. including collision <br />in the case of any motor vehicle. all to such amounts, under such forms of policies. upon such terms, for such periods. and <br />written by such companies or underwriters as the Secured Party may approve, losses in all cases to be payable to the <br />Secured Party and the Debtor as their interest may appear. All policies of insurance shall provide for at least ten days' prior <br />written notice of cancellation to the Secured Party: and the Debtor shall furnish the Secured Party with certificates of such <br />insurance or other evidence satisfactory to the Secured Party as to compliance with the provisions of this paragraph. The <br />Secured Party may act as attorney for the Debtor in making, adjusting and settling claims under or cancelling such <br />insurance and endorsing the Debtor's name on any drafts drawn by insurers of the Collateral. <br />UN71L DEFAULT Debtor may have possession of the Collateral and use it in any lawful manner, and upon default <br />Secured Pam shall have the immediate right to the possession of the Collateral. <br />DEBTOR SHALT. BE IN DEFAULT under this agreement upon the happening of anv of the following events or <br />conditions: <br />(a) default in the payment or performance of any obligation. covenant or liability contained or refened to herein or in any <br />note evidencing the same; <br />(b) the making or fumishin_ of any warmnn'. representation or statement to Secured Psm, by or on behalf of Debtor <br />which proves to have been faise in any material respect when made or furnished: <br />(c) loss. theft. damage. des=ction. sale or encumbrance to or of any of the C011=L=. or the making of any levy seizure <br />or attachment thereof or tnereor.: <br />(d) death. dissolution. termination or existence. insolvency. business failure. appointment of a receiver of any pan of the <br />propem oL assignment for Inc benent of creditors by. or the commencemen, o; any proceeding under any bankrttptcy or <br />insolvency laws oL by or a_ains Debtor or any gua -antor, or surer" for Debtor_ <br />uPON SU-0-: DE FA77= mid a: am time tt>~—.: rte. o- i i; deMs itse} insect. Secured P. rn m.:n' declare all <br />Obhrations secured hereby immediate]\ due and :,avabie and shrill have the remedies of a secured Dam uncle- Article 9 of the <br />Coio—ido uniform Commer al Coot. Secus�e Pam rna! r:quir: Debtor to assetnbie the Collateral and deliver or make it <br />availabie to Secured Far,-.- a, a place to be designated m- Secured Pan, whicn is reasonably convenient to botn parties. Expenses of <br />retaking. holding. prtpann__ for saie. sciiirg or the iiKe shrill include Secured Parry's rea`onat±ie attorney's fees ant-' ie_aI <br />expen>ei. <br />No waiver by Secured Pam' of any de:auh shall operate as a waiver of any other default or of the same default on a future <br />occasion. The taking of this securirn acreemment snull not w�ttye or impair any other securtt.. said Secured Pa �' may have or <br />here:uter acquire tier the paymem of the aixwe indehte�ness. nor shall the tai.ta_ of any sue .n additional secunty waive or impair <br />this security agreement: but wid Secured Pam rrw,, reson to any securin it m:n have in the order n may deem proper. and <br />notwithstanding any collateral secunn. Secured Pam shall retain its ri_hts of, set -ol1 'fa, Debtor. <br />All rights of Secured Pam hereunder shall inure to the henent of ns successors and asswms: and all promises and duties of <br />Debtor shall bind his heirs. executors or administrators or his or its successors or sssi,_n;. It there be mutt than one Debtor. their <br />habiiities hereunder shall be joint and several. <br />AEG �s T`- ►y Q <br />Date this IC+..lA Uav of <br />Secured Pam <br />v <br />...EXHIBIT., D- 1'..... <br />Page 2 of 2 <br />