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<br />. <br /> <br />'~ <br /> <br />STATE OF COLORADO <br /> <br />UNIFORM COMMERCIAL CODE - SECURITY AGREEMENT <br /> <br />Debror: Daniel, A. Sherwood and Jacqueline P. Sherwood Trustr Daniel A. <br />N.=,Sherwoodr Individually, and Jacqueline P. Sherwood, Individual y <br />.^ <br /> <br />Name: <br /> <br />'R~ymnnr1 F <br /> <br />'T'nnmrC!nn <br /> <br />-Montrose <br />..,- City <br />.,"1 <br />. '/ Montrose <br />Street i>-<)-) City <br />i. I <br />._'..-~'"-'" / <br />../ <br /> <br />CO <br />s.... <br /> <br />81401 <br /> <br />Add~: <br /> <br />ResIdence: <br /> <br />13221 Marine Drive <br />No. Street <br /> <br />No. <br /> <br />CO <br />s.... <br /> <br />81401 <br /> <br />BusllWSS: <br /> <br />13221 Marine Drive <br /> <br />Secured Party: <br /> <br />No. <br /> <br />i <br />. '--./ Glenwood Springs r C <br />St~ City <br /> <br />CO 81602 <br /> <br />P.O. Box 518 <br /> <br />Address: <br /> <br />s.... <br /> <br />Debtor, for consideration, hereby grants to Secured Party a security interest in the following property and any and all additions, accessions and <br />substitutions thereto or therefor (hereinafter called the "COll.ATERAL"): <br /> <br />Accounts; General Intangibles, Equipment, Fixturesr InventorYr <br />Farm Productsr the Collateral shall include all Fish owned by the <br />Debtors <br /> <br />To secure payment of the indebtedness evidenced by a certain promissory note _ of even date herewith. payable to the Secured Party, <br />ororder.<l&4<>lIows: pursuant to the terms of said note. <br /> <br />DEBTOR EXPRESSLY WARRANTS AND COVENANTS: <br /> <br />1. That except for the security interest granted hereby Debtor is, or to the extent that this agreement states that the <br />Collateral is to be acquired after the date hereof, will be, the owner of the Collateral free from any adverse lien, security interest or <br />encumbrances; and that Debtor will defend the Collateral against all claims and demands of all persons at anytime claiming the <br />same or any interest therein. <br /> <br />2. The Collateral is used or bought primarily for: <br />o Personal, family or household purposes: <br />o Use in fanning operations; <br />[llI Use in business. <br /> <br />3. That Debtor's residence is as stated above, and the Collateral will be kept at <br /> <br />13221 Marine Drive <br /> <br />No. and Street <br /> <br />Montrose <br />Cil)' <br /> <br />Montrose <br /> <br />CO <br /> <br />Counly <br /> <br />s.. <br /> <br />4. Ifany of the Collateral is crops, oil, gas, or minerals to be extracted or timber to be cut, 01 goods which are or are to <br />become fixtures, said Collateral concerns the following described real estate situate in the County <br />of Montrose and State of Colorado, to wit: <br /> <br />The property description is set forth on Exhibits A and B which <br />are attached hereto and incorporated herein <br /> <br />No. UCC 1205. Rev. 3-87. SECURITY AGREEMENT <br />llndIord Pubtishin& t743 W.... St.. Denver. co 80202 -(303) 292-2300 - 1.95 <br /> <br />~ <br />CopJriaht 1981 <br />