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<br />, <br /> <br />hereunder with respect to any of the Collateral remaining. (d) Without <br />affecting any obligations of Debtor under this agreement Secured Party without <br />notice or demand may renew, extend or otherwise change the terms and <br />conditions of any of the Obligations to the extent permitted by the loan <br />agreement between Maker and Secured Party; release any Collateral, and add or <br />release any guarantor, endorser, surety or other party to any of the <br />Obligations. (~) Any consent, notice and other communication required or <br />contemplated by this agreement shall be in writing, Any notice shall be <br />deemed given five days after such is mailed, postage prepaid, to such party at <br />the address given above or at such other address given by notice as herein <br />provided. (f) A carbon, photographic or other reproduction of this agreement <br />or a financing statement shall be sufficient as a financing statement. <br />(g) Any action concerning this agreement may be brought in the Colorado <br />District Court for the County in which Debtor is located or in the United <br />States District Court for the District of Colorado, and Debtor consents to <br />venue and personal jurisdiction with respect thereto. (h) This agreement <br />shall be construed under and governed by the laws of Colorado. (i) All of the <br />rights of Secured Party under this $greement shall be cumulative and shall <br />inure to the benefit of its successors and assigns. All obligations of Debtor <br />hereunder shall be binding upon the heirs, legal representatives, successors <br />and assigns of Debtor. (j) In the event of any inconsistency between the <br />remedy or other provisions of this ~greement and the provisions contained in <br />the Deed of Trust of even date herewith executed by Debtor for the benefit of <br />Secured Party and covering the Coll~teral, the Deed of Trust shall control <br />unless and until Secured Party validly exercises its option, pursuant to the <br />Deed of Trust, to proceed against the Collateral under this agreement, <br />whereupon this agreement shall control. <br /> <br />Executed this ~ day of August, 1992. <br /> <br />BRECKENRIDGE SKI CORPORATION <br /> <br />ATTEST: <br /> <br />K- <br /> <br /> <br />~ <br /> <br />By: ~~i=' <br />Title: \ <br /> <br />By: <br />Title: <br /> <br />(SEAL) <br /> <br />'\to llmevz>M <br /> <br />KMSD/EI4 <br /> <br />-5- <br />