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<br />for any purpose not permitted by the CONTRACT. Upon default, SECURED PARTY shall have the <br />immediate right to the possession of the COLLATERAL. <br /> <br />DEBTOR SHALL BE IN DEFAULT under this agreement upon the happening of any of the following <br />events or conditions: <br /> <br />:7EST: ---#~ <br /> <br />Susan P. Alvey, Corporate secre~ -- <br /> <br />By <br /> <br />