C153682 PIF Contract - Laserfiche WebLink

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policies of insurance s all provide for at least ten days' prior written notice of cancellation to the SECURED PARTY; and the DEBTOR shall furnish the SECURED PARTY W th certificates of such insurance or other evidence satisfactory to the SECURED PARTY as to compliance with the provisions of this pan graph. The SECURED PARTY may act as attorney for the DEBTOR in making, adjusting and settling claims under or canceling such insurai ice and endorsing the DEBTOR'S name on any drafts drawn by insurers of the COLLATERAL. UNTIL DEFAULT DEBTOR may have possession of the COLLATERAL and use it in any lawful manner, and upon default SECURED PARTY shall have the immedihte right to the possession of the COLLATERAL. DEBTOR SHALI BE IN DEFAULT under this agreement upon the happening of any of the following events or conditions: (a) default in he payment or performance of any obligation, covenant or liability contained or referred to herein or in any note evidencing the same; (b) the makini or furnishing of any warranty, representation or statement to SECURED PARTY by or on behalf of DEBTOR which proves to have bE en false in any material respect when made or furnished; (c) loss, theft damage, destruction, sale or encumbrance to or of any of the COLLATERAL, or the making of any levy seizure or attachmer t thereof or thereon; (d) death, dis olution, termination or existence, insolvency, business failure, appointment of a receiver of any part of the property of, assign tainst ent for the benefit of creditors by, or the commencement of any proceeding under any bankruptcy or insolvency law of, by or DEBTOR or any guarantor or surety for DEBTOR. UPON SUCH I EFAULT and at any time thereafter, or if it deems itself insecure, SECURED PARTY may declare all Obligations secured hereby immediately lue and payable and shall have the remedies of a secured party under Article 9 of the Colorado Uniform Commercial Code. SECURED PAR Y may require DEBTOR to assemble the collateral and deliver or make it available to SECURED PARTY at a place to be designated by SECU D PARTY which is reasonably convenient to both parties. Expenses of retaking, holding, preparing for sale, selling or the like shall include SECURED PARTY'S reasonable attorney's fees and legal expenses. No waiver by ECURED PARTY of any default shall operate as a waiver of any other default or of the same default on a future occasion. The taking of this s urity agreement shall not waive or impair any other security said SECURED PARTY may have or hereafter acquire for the payment of the abo a indebtedness, nor shall the taking of any such additional security waive or impair this security agreement; but said SECURED PARTY shall Its rights of set -off against DEBTOR. All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and assigns; and all promises and duties of DEBTOR shall bind its heirs, t ecutors or administrators or its successors or assigns. If there be more than one DEBTOR, their liabilities hereunder shall be joint and several Executed thisli day of 4LVEH45L& , 1995. 1 0 � 0 - . Caryl R. Carroll State of FL RIDA SS County of BR rn ARD The foregoing inst en t was acknowledged before me this day of /,,i V, E2 1995, by L L_ My commission expires `PRY PU<9 OFFICIAL NOTARY SEAL O - JEAN M CURRAN * �;' ` i0j COMMISSION NUMIBEF CC214789 7fF KY COMMISSION OF F\. A U G. Witness my hand and official seal. Notary Public & JEAN M. V