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part of the property of, assignment for the benefit of creditors by, or the commencement of any <br />proceeding under any bankruptcy or insolvency law of, by or against DEBTOR; or <br />c. the making or furnishing of any warranty, representation or statement to SECURED PARTY by or on <br />behalf of DEBTOR which proves to have been false in any material respect when made or furnished. <br />UPON SUCH DEFAULT and at any time thereafter, SECURED PARTY shall have the remedies of a <br />secured party under Article 9 of the Colorado Uniform Commercial Code. SECURED PARTY may require <br />DEBTOR to deliver or make the COLLATERAL available to SECURED PARTY at a place to be designated by <br />SECURED PARTY, which is reasonably convenient to both parties. Expenses of retaking, holding, preparing for <br />sale, selling or the like shall include SECURED PARTY's reasonable attorney's fees and legal expenses. <br />The SECURED PARTY shall give the DEBTOR written notice of any alleged default and an <br />opportunity to cure within thirty (30) days of receipt of such notice before the DEBTOR shall be considered <br />in default for purposes of this Security Agreement. No default shall be waived by SECURED PARTY except in <br />writing, and no waiver by SECURED PARTY of any default shall operate as a waiver of any other default or of <br />the same default on a future occasion. The taking of this security agreement shall not waive or impair any <br />other security SECURED PARTY may have or hereafter acquire for the payment of the above indebtedness, nor <br />shall the taking of any such additional security waive or impair this security agreement; but SECURED PARTY <br />shall retain its rights of set -off against DEBTOR. In the event court action is deemed necessary to enforce the <br />terms and conditions set forth herein, said action shall only be brought in the District Court for the City and <br />County of Denver, State of Colorado, and DEBTOR consents to venue and personal jurisdiction in said Court. <br />All rights of SECURED PARTY hereunder shall inure to the benefit of its successors and assigns; and all <br />promises and duties of DEBTOR shall bind its successors or assigns. <br />DEBTOR: Ordw,aq Feedyard, LLC <br />(SEAL) <br />NAME: <br />TITLE :, <br />DATE: <br />NOTARY: <br />County of <br />ss <br />State of Colorado ) <br />The foregoing instrument was acknowledged before me this = 5 day of -Z o--L� 0 20 1-3, by <br />( o� � Witness my h nd official seal. <br />�,A �- c C, Notary Public <br />My commission expires 61 ` a 2 -Qo ry <br />(SE L) TRtCtA DAVIS <br />NOTARY PUBLIC <br />STATE OF COLORADO <br />Appendix 4 to Loan Contract C150349 <br />Page 2 of 2 <br />